Network of fake online investment platforms
Flagged by Financial Markets Authority · New Zealand (NZL)
Official Warnings (1)
The FMA has become aware of a large network of fake online investing platforms. These platforms are being used as part of an investment scam.
Once a person invests in one of these platforms, they are presented with a login where they can see the “profits” they have earned. However, the “profits” are fabricated.
When investors try to withdraw their funds, the platforms refuse. The platforms will often ask for further payments to cover “taxes” or “withdrawal fees”, saying that the withdrawal will be processed once the extra payments are made. However, even if the investor pays the extra money, no funds will be released.
We recommend extreme caution when dealing with any of the 96 duplicate websites/platforms listed below.
Other Flagged Firms (NZL)
This information is sourced from IOSCO I-SCAN and official financial regulators. Inclusion in this database does not necessarily mean the firm has committed fraud - it may indicate they are not authorized to operate in a specific jurisdiction. Always verify directly with the relevant regulator before making investment decisions.