Page last updated: 09 September 2024

Warnings and alerts

This list of warnings and alerts on this page contains the names of businesses or individuals you should be wary of if you are planning to invest. The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.

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BTCoinmt – Suspected scam

We are concerned that BTCoinmt, a cryptocurrency trading platform, may be operating a scam through its website and app.

Suspected scam – videos promoting cryptocurrency sniping and MEV bots

We recommend caution when dealing with entities promoting cryptocurrency ‘sniping bots’ or ‘Maximal Extractable Value (MEV) bots’. We have received a report of Youtube videos promoting these bots as part of a scam.

OMF digital currency trading platform – Imposter websites

We recommend caution when dealing with the “OMF digital currency trading platform” which is mis-using branding from the Jarden group and running cryptocurrency scams through a number of websites.

cofglobol.com – Suspected scam, false NZ regulation claims

The trading platform cofglobol.com is falsely claiming to be supervised by the FMA when it is not registered, licensed or regulated in New Zealand.

wti-hk.com – imposter website

The FMA is concerned that wti-hk.com may be operating a scam. We understand wti-hk.com is mis-using the registration details of Well Trading International Limited, an entity incorporated in New Zealand.

Fake FMA licence certificates

We have received a large number of reports about fake FMA licence certificates being used to try and convince people to invest money with phony investment brokers.

Bayleys Investment Ltd - Suspected scam

We recommend caution when dealing with Bayleys Investment Limited and their website BayleysInvestmentLtd.com. We suspect this website is operating an investment scam.

Pro-Limited.com - Suspected scam

FMA has reason to believe that the Pro-Limited.com website is being used to conduct an investment scam.

CFX Finance - Imposter websites, suspected scam

We are aware of an investor who has sent money to CFXFinance.com and is now unable to withdraw funds. We are concerned that CFXFinance.com and its associated websites (listed below) are operating a scam and recommend caution when dealing with them.

Bridge Trust Finance – Suspected scam, fake certificates

Bridge Trust Finance is not registered on the Financial Service Providers Register nor is it a licensed Financial Advice Provider.

pioneerfinanceltd.com – Imposter website

The trading platform pioneerfinanceltd.com claims to be established in New Zealand, we do not believe this is true.

Shelly Cullen – Convicted Pyramid Scheme Promoter

The FMA is warning the public to be cautious of financial and cryptocurrency products and services being promoted by Shelly Rose Cullen (Ms. Cullen).

Xcel Trader - Imposter website, withholding funds

Xcel Trader is offering managed investment plans with unrealistic returns. It is not registered on the Financial Service Providers Register, which is required for entities offering financial products and services in New Zealand

Vasttradeoption – coercion through social media

The FMA has also received a report that Vasttradeoption may be persuading victims into becoming ‘money mules’.

Investor warning: wisefex.org Investment LTD

wisefex.org Investment LTD has rebranded as Reliant Assets. We are aware their clients have been asked to use their new website domain: reliant-assets.net. We believe Wisefex is operating a scam through the website and their representatives or associates.

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