WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
Global Broker Regulation Inquiry App
WikiFX
Financial Markets Authority
Year 2011Regulated by Government
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. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. It jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ). FMA is a member of New Zealand’s Council of Financial Regulators.
Disclose broker
Disclosure summary
- Disclosure matching Website matching
- Disclosure time 2020-08-06
- Reason for punishment We are concerned that Metalwise (formerly MetalsWise) a precious metals and commodities trader purporting to operate from the United Kingdom, and its associated website www.metalswise.com may be operating a scam. We published a warning about MetalsWise on 17 April 2020 as an unregistered business. Since the warning was published, the business has rebranded to the name MetalWise.
Disclosure details
MetalsWise / MetalWise
06 August 2020
MetalsWise / MetalWise
SHARE THIS
The warning was first published on 28 May 2020.
ENTITY NAME: MetalsWise / MetalWise
ADDRESS: Moor House 120 London Wall, EC2Y 5ET UK
WEBSITE: https://metalswise.com/
EMAIL: accounts@metalswise.com
TELEPHONE: 0800 995 062
REASON FOR WARNING:
We are concerned that Metalwise (formerly MetalsWise) a precious metals and commodities trader purporting to operate from the United Kingdom, and its associated website www.metalswise.com may be operating a scam.
We published a warning about MetalsWise on 17 April 2020 as an unregistered business. Since the warning was published, the business has rebranded to the name MetalWise.
The Financial Conduct Authority (FCA) in the United Kingdom advises that MetalsWise is not authorised by the FCA. Potential victims are being instructed to pay money to a bank account in Spain.
MetalWise is currently advertising on NZ radio. MetalWise is not registered and/or licensed to offer financial services to New Zealand residents and we recommend exercising caution.
The website is not associated with the NZ registered company Metalwise NZ Limited or the UK registered company MetalWise Southwest Limited. Those companies are involved in unrelated businesses.
Details of the bank account used by MetalsWise are as follows:
Beneficiary: MIDATLANTIC HOLDINGS, S.L.
Address: AVENIDA JAINE lll, 11, ENTLO.3 07012 PALMA DE MALLORCA, SPAIN
Bank: Deutsche Bank S.A. ESPANOLA
Bank Address: PASO DE LA CASTELLANA, 18, 20746 MADRID, SPAIN
Bank Telephone: +34 93 586 6901
IBAN #: ES49 0019 0160 1940 1003 1013
SWIFT CODE: DBSCESMMXXX
Reason for Wire: 601029
Annex
More regulatory disclosure
Danger
2022-09-22
Warning regarding unregulated entities 
Cidma CORP
BCS
Stockvalo
Danger
2022-05-30
Warning regarding unregulated entities 
Citiglobalmarket
Sanction
2022-06-21
CySEC Decision 
SPAFS