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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FMA warns that investors unable to recover funds paid to stallioncapital.net

WARNING: The FMA recommends exercising caution when dealing with www.stallioncapital.net (the website), as the FMA is concerned this website may be operating a scam.

WARNING: Capital Cycles Limited have falsely claimed that they are legally registered

WARNING: FMA are concerned that https://capitalcycleslimited.com is involved in a scam. The website falsely claims that it is “legally registered with the New Zealand Securities; Investment company with NZ:1271353”.

Investors unable to withdraw funds from EcoMarkets

WARNING: Investors unable to withdraw funds from EcoMarkets. There are also fictitious amounts and profits being displayed on the platform. FMA warns caution.

FMA warns primefirmtrade.com unreasonably withholding investor funds

WARNING: FMA concerned that primefirmtrade.com is withholding client funds unreasonably. Clients are required to make a large sum payment for a “withdrawal code” to withdraw funds from their trading accounts.

Investor alert: false claims by Leumi-vest.com

WARNING: FMA believes Leumi Vest is falsely claiming to be operating from a New Zealand address. The website purports to offer investment plans to investors with unrealistically high returns. We are aware that an investor is unable to withdraw the funds they invested through the website.

FMA warns about website venusfundslimited.com

WARNING: Company registration details of a New Zealand company Venus Funds Limited are displayed on the website but the New Zealand company has confirmed that they are not associated with the website. The financial services listed on the website are different to the financial service provided by the New Zealand company.

Overseas regulator issues warning about Crypto Infinite Miners

WARNING: Crypto Infinite Miners is not a registered financial service provider in New Zealand or licensed by the FMA and is therefore not permitted to provide financial products or services to New Zealand residents.

Imposter website alert: astral-trust.com

WARNING: astral-trust.com claims to be a New Zealand-based hedge fund company and is holding out as being operated by Astral Trust Limited, a New Zealand incorporated company. Astral Trust Limited have confirmed that they do not have any association with this website.

FMA warns against an imposter website allianceholdingslimited.com offering unrealistically high returns

WARNING: The FMA recommends exercising caution before dealing with allianceholdingslimited.com. The website is offering financial services/products using the company details, without permission, of an incorporated company in New Zealand, Alliance Holdings Limited. The website is not associated with, nor authorised by the New Zealand company.

FMA warning: false and misleading claims by CapitalInvestments.com

The website offers trading on the forex market, stock market, and crypto currency market with the ability to gain unrealistically high returns (starter plan: 10% daily for 3 days, through to mega plan: 10% return daily for 30 days). The website is using the registration details of a legitimate New Zealand company called ‘Capital Investments Trust Limited (1547699)’. This company has confirmed having no association with the website nor were they aware that the website was using their registration details and business name. An investor complained about being unable to withdraw any of his invested funds.

QuantumAI

The FMA are concerned that QuantumAI may be operating a scam. It uses fake news articles (images below) and online reviews promoting its trading platforms and claims to be endorsed by well-known public figures. It is offering financial services and financial products with unrealistically high returns via various websites.

HyperFund

WARNING: HyperFund operates on a Multi-Level Marketing (MLM) model and claims to offers passive investment opportunities. The FMA are concerned that HyperFund is operating a scam.

Cryptocurrency trading without consent - Warning about kiwi-ex.com website and kiwicoinex.com

Warning: We recommend caution when dealing with the website, www.kiwi-ex.com, as the FMA is concerned this website may be operating a scam. The website is offering a platform for investors to trade in cryptocurrencies. We received a report of trades being conducted in an investor's account, without their knowledge or consent, by the website.

FMA raises red flags about Bitminerpool Limited

Warning: We are aware that a New Zealand resident who has invested through Bitminerpool Limited is unable to withdraw the funds they invested from Bitminerpool Limited’s platform. A large amount of money is required in order to release the funds. We are concerned that Bitminerpool Limited is involved in a scam.

Investment warning concerning Maesara Investments Limited

WARNING: We are concerned that Maesara Investments Limited is involved in a scam, they are not an incorporated entity in New Zealand and is not registered on the Financial Service Providers Register. An NZ resident who has invested through Maesara Investments Limited is no longer able to contact the entity by telephone and email.

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