FMA warns and alerts New Zealand unregulated brokers in January 2025

The Financial Markets Authority (FMA) is a New Zealand government agency responsible for enforcing securities, financial reporting, and company law as they apply to financial services and securities markets. All forex brokers operating in this English common law user country must be registered with the Financial Markets Authority (FMA) regulator.

The warned brokers not only make New Zealand investors potential victims of investment fraud but also pose a threat to global investors. If any of these brokers claim to be located in your country or region, exercise caution and verify their legitimacy with your local financial regulator.

WikiFX is a comprehensive forex broker database and information platform that collects detailed information on these companies that investors should be wary of. Investors can search the names of these companies on WikiFX to find out why they are not recommended as an investment option.

The following is a list of warnings and alerts. The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.

Option 2 Trade

Website: www.option2trade.io

Livaxxen

Website: Livaxxen.com

impersonates New Zealand Company

Websites: pfdmarkets.com; app.pfdmarkets.com

ivaxxen

Link: https://www.fma.govt.nz/library/warnings-and-alerts/livaxxen/

Scam impersonating a New Zealand entity

Link: https://www.fma.govt.nz/library/warnings-and-alerts/scam-impersonating-new-zealand-entity/

PFDMarkets-Impersonates New Zealand Company

Link: https://www.fma.govt.nz/library/warnings-and-alerts/pfdmarkets/

YouTube cryptocurrency investment scam

Link: https://www.fma.govt.nz/library/warnings-and-alerts/livaxxen/