Bitcoin MotionNew Zealand has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I experienced a security concern with my Bitcoin MotionNew Zealand account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Demo account available|Regular updates
Cons: Limited demo account features
Bitcoin MotionNew Zealand has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Two-factor authentication|Regular updates|Real-time alerts|Good mobile app
Cons: No dark mode on mobile
I wanted to transfer my portfolio from another broker to Bitcoin MotionNew Zealand. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Automated trading options|Professional team
Cons: Inactivity fee applies after 12 months
I requested my data from Bitcoin MotionNew Zealand under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Instant funding|Personal attention
Cons: Mobile app could be improved|Inactivity fee applies after 12 months
Bitcoin MotionNew Zealand changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Fast deposits|Professional team
Cons: Search feature is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Bitcoin MotionNew Zealand is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
After using Bitcoin MotionNew Zealand since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Intuitive for beginners|Good analytical tools|Professional team|Smooth onboarding
Cons: Nothing significant
The onboarding at Bitcoin MotionNew Zealand was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Educational resources|Easy withdrawals
Cons: Limited social trading features|Desktop app not available on Linux
Several red flags with Bitcoin MotionNew Zealand: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly