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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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The FMA recommends caution when dealing with ACE International Ltd, its website ACEInternational.co.nz, or its former director Dennis Paul.
We are aware of videos posted on social media featuring celebrities, making fake free Bitcoin offers when signing up with Zavrox (www.zavrox.com). These are not legitimate offers.
We have received reports of verbo-fx.com and verbofx.com operating a cryptocurrency trading scam.
The FMA warns that harbourassetmgt.org is impersonating Harbour Asset Management and is not licensed to provide financial services in New Zealand. This site is a potential scam.
We recommend caution when dealing with the website faze.capital.
We are concerned that soft-cloudltd.com may be operating a scam and is offering returns that appear to be unrealistically high.
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 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.
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 and its website may be operating a scam and withholding investor funds. The FMA advises caution.
Beware of a crypto scam using a hijacked Facebook profile impersonating a NZ musician to promote fake trader “Stephanie Robert” and GlobalTradingNex.
FMA warns about Lquid Pay and Protocol Yield for misleading claims and unlicensed financial services in New Zealand.
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 offers financial services including trading services in stocks, cryptocurrencies and foreign exchange. It is not registered to provide financial services in New Zealand.
The FMA has become aware of a large number of fake online investing platforms.
