Cryptotact New 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.
Do not use Cryptotact New Zealand for anything serious. I used them for about three months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: API access|Multiple order types|Smooth onboarding|Fast deposits
Cons: No dark mode on mobile|Could offer more webinars
Several red flags with Cryptotact New 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: Flagged by Financial Markets Authority|Cannot verify credentials
The so-called education at Cryptotact New Zealand is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since mid-2025 thinking they would help me learn.
Pros: Reliable uptime|Excellent charting|Portfolio tracking tools
Cons: Would like more payment methods|Search feature is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Cryptotact New 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.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I am in a dispute with Cryptotact New Zealand over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: No hidden fees|Wide product range
Cons: Research section could be deeper
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Cryptotact New Zealand recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Helpful community forum|Segregated accounts|Comprehensive tools
Cons: Some tools only available on higher tiers|Currency conversion fee exists