12 June 2024

Vasttradeoption – coercion through social media

We are concerned Vasttradeoption [sic] and its website may be operating a scam.

We are aware of victims being contacted from hacked Facebook pages, with people pretending to be existing Facebook friends and offering investment opportunities.

Victims are then referred to ‘investment advisers’ at Vasttradeoption.

The FMA has also received a report that Vasttradeoption may be persuading victims into becoming ‘money mules’ by depositing money into their New Zealand bank accounts with the purpose of transferring it onto another account.

We recommend caution if dealing with this entity.

Entity Name: Vasttradeoption
Website: vasttradeoption.com
Email: [email protected]

Update 11 December 2024

The FMA is aware that Vasttradeoption has rebranded as Vastplextrade. We recommend caution if dealing with this entity. 

Entity Name: Vastplextrade
Website: www.vastplextrade.com
Email:  [email protected]