Scam Warning from NZ FMA: Beware of Unauthorised Firms

SCAM ALERT! New Zealand regulator, the Financial Markets Authority (FMA), has issued a public alert about ten unauthorized firms operating illegally. Here is the list of ten unlicensed firms.

1. Bitgetprime.com

2. Vaultvelo.com

3. Aekreatif.tunasgestun.com

4. Pinpoint-tradeoption.org

5. Pinpoint-tradeoption.org.grayslate.org

6. Xtbonline.com

7. Genius.365newslive.com

8. Alphaoptionsinvestment.info

9. Intelligent-money.it.com

10. Product.geniusocean.com/tradegenius

Why is this warning important for you?

When the FMA warns about unauthorised firms, it means these companies are not licensed, not monitored, and may be running fraudulent schemes. Engaging with such firms can lead to loss of personal savings, identity theft, or financial fraud, and recovering lost funds is often impossible. By ignoring these warnings, people risk falling victim to scams that could have been avoided with caution and awareness. Taking such alerts seriously is a key step in staying financially safe.

How to Protect Yourself from Scam Brokers

1. Verify the Brokers License

2. Avoid Unregulated Brokers

3. Cross-Check Contact Information

4. Do not Fall for “Too Good to Be True” Promises

5. Test with a Demo Account First

6. Read Online Reviews

7. Do Your Research

8. Do not Rush

9. Report Suspicious Activity

10. Keep Records

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