XPro
Flagged by Financial Markets Authority · New Zealand (NZL)
Products / Services Flagged
Official Warnings (1)
XPro does not provide any financial products or services. Instead, it promotes the financial products and services offered by its partner organisations: Shiiro Academy, B2Pay and Homnifi.
XPro is a multi-level marketing scheme. It sells subscriptions, which grant members access to XPro’s “rewards program”. Subscribers earn rewards by selling the products and services offered by XPro’s partner organisations, and by recruiting new XPro members to sell those products and services.
The FMA is concerned that XPro’s partner organisations are providing financial products and services in New Zealand without the appropriate licence and without being registered on the Financial Service Providers Register (FSPR). Several of the partner organisations have also made misleading claims about their financial products and services.
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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.