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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SmartFactoryFX– Facebook recruitment, investors unable to withdraw funds   

The FMA has been made aware of victims who were referred to SmartFactoryFX and directed to a “trading mentor” on Facebook, after initially receiving a new friend request. 

XPro + associated providers (Shiiro Academy, B2Pay, Homnifi) – Multi-level marketing schemes offering financial services without registration, false and misleading claims

XPro promotes the products of several ‘Partner’ schemes: Shiiro Academy, B2Pay, and Homnifi. Each of these Partner schemes offers financial products or services, but they are not authorised to provide these in New Zealand.

Blackridge Partners Limited – Advance fee scam, withholding funds

We are aware of an investor is unable to withdraw their invested funds with Blackridge Partners Ltd. Various upfront fees and tax payments are required to process withdrawals.

CapitalsXPlus – Impersonating NZ company, withholding client funds

CapitalsXPlus and its website may be operating a scam and withholding investor funds. The FMA advises caution.

“Stephanie Robert” – Suspected crypto scam using hijacked social media profile

Beware of a crypto scam using a hijacked Facebook profile impersonating a NZ musician to promote fake trader “Stephanie Robert” and GlobalTradingNex.

Lquid Finance T/A Lquid Pay – Suspected scam, false compliance claims, unregistered provider

FMA warns about Lquid Pay and Protocol Yield for misleading claims and unlicensed financial services in New Zealand.

CapitalXTrade and Coyken – Suspected scam, ASIC warning

We are aware of two investors have lost money after investing with CapitalXTrade. We understand that representatives of CapitalXTrade use aggressive sales techniques to convince people to invest.

Peachlimit.com – Scam misusing NZ company details

PeachLimit offers financial services including trading services in stocks, cryptocurrencies and foreign exchange. It is not registered to provide financial services in New Zealand.

Fraudulent cryptocurrency investment platforms – Suspected scam

The FMA has become aware of a large number of fake online investing platforms.

Fake FMA Insurance Licence

We are aware of a fake FMA insurance licence being issued to overseas individuals seeking to meet work visa or permit requirements for entry into New Zealand.

Zs Firm Investments aka Laviitas Investment Inc. - withholding client funds, misusing details of NZ company

We have received complaints from investors who are unable to withdraw funds invested with Laviitas Investment Inc. and Zs Firm Investments.

IPO websites - harvesting investor details

The FMA warns that Bennet Investment (bennetinvestment.com), along with other unlicensed IPO websites such as Orbit IPO, Tech Growth Invest, Satellite Stocks and Orbit Trades may be involved in financial scams targeting investors.

Deposit comparison websites - harvesting investor details

Learn about the re-emergence of 'deposit comparison' websites linked to investment scams in New Zealand. Understand how these scams work, the risks involved, and steps to take if you think you might be affected. Stay informed and protect your investments.

Ashbourne Wealth Management - Hybrid scam: investments, advance fees, money mule recruitment

We are concerned that Ashbourne Wealth Management may be operating a scam. Ashbourne Wealth Management is a fake online investment platform, which tricks investors into laundering fraudulent funds.

Capital Growth Partners Trade – Fake certificates, client funds withheld

We recommend exercising caution when dealing with Capital Growth Partners Trade - we are concerned it may be operating a scam through its website.

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