Use our AI search to ask us a question or use keywords to search for pages or documents.
Example: "How do I apply for a financial institution licence?", "FMA Annual Report 2024"
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.
Download
Finex Group offers financial products including forex and cryptocurrency trading, financial education, and advice to New Zealanders. It falsely claims it is a regulated entity, however, is not listed under the Financial Services Provider or New Zealand Companies registers.
We recommend caution when dealing with IM Academy. Several overseas regulators have issued public warnings about IM Academy, including the recent warning issued by the Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) on 24 May 2023
We recommend caution when dealing with Jecbit Finance Limited. It offers forex and cryptocurrency investments but is not registered to provide financial services in New Zealand. It falsely claims to be a registered company in New Zealand, using the address, NZ Business Number (NZBN) and other business registration details of another company, JEC Finance Limited.
We recommend exercising caution when dealing with Cluncoin Earn. It is offering investments and is not registered to provide financial services in New Zealand.
We recommend exercising caution when dealing with Century Trading Group. It offers CFD trading opportunities and is not registered to provide financial services in New Zealand.
We are concerned that Kiwi Term Deposits may be operating a scam. It operates a website claiming to offer consumers a way to compare and find the best term deposit and bond rates in New Zealand. It states that investments are “fully insured and asset backed by provider”. However, no such scheme is currently offered in New Zealand.
Gold Wise offers forex and cryptocurrency investments but it is not registered to provide financial services in New Zealand.
We are aware that a New Zealand resident who put money into Cryptotrusthub has had difficulty withdrawing funds. We are concerned that Cryptotrusthub has features of a scam.
The entity Coinz Holding is purporting to be a registered company in New Zealand by using the name and Certificate of Incorporation of a registered New Zealand company, Coinz Holding Limited. A director of Coinz Holding Limited has confirmed it has no association with this website.
Rapid Trade Return websites are offering investments and are not registered to provide financial services in New Zealand.
There are false claims on a WPS Management website that it is a New Zealand Financial Service Provider (FSP), using the company name and FSP registration details of WPS Management Limited.
The Horizon-capital.ltd website is offering investments and is not registered to provide financial services in New Zealand.
The Portaltradecapital.com website is offering investments and is not registered to provide financial services in New Zealand.
The Safe Trust website claims to be based and regulated in New Zealand while offering investment packages. Safe Trust is not registered on the FSPR nor licensed by FMA.
We recommend exercising caution when dealing with Aquafinance.ltd. Aquafinance.ltd website is offering investments and is not registered to provide financial services in New Zealand.
