The FMA is concerned that NorthWest Options Exchange, through their website nwoex.com, may be operating a scam. We have received a report that representatives from NorthWest Options Exchange are cold-calling New Zealand residents with investment offers when it is not authorised to do so. We have also received a report of people being unable to withdraw their funds.
The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, they are not permitted to offer derivative trading services to New Zealand retail customers. We recommend exercising caution when dealing with this entity.
Entity: NorthWest Options Exchange
Associated entity: Cambridge Mercantile Limited
Email addresses: [email protected]