New Zealand’s Financial Markets Authority (FMA) added unregulated forex providers Ainvestments and Alliance Investment Limited to its list of suspected scam this week.
Ainvestments is allegedly owned and operated by ESOS International Ltd, a company registered offshore, on the Marshall Islands. It also claims to have a EU subsidiary in Prague, Czech Republic, Kadeky International S.R.O., however this company does not appear to be overseen by any financial regulator either.
In its official warning, the FMA stated that the registration and regulation information claimed on Ainvestments‘ website are false and misleading. Furthermore, the regulator warned that this broker could be involved in investment fraud scheme. Actually, the same are claiming all the people who commented on our review of Ainvestments.
As regards Alliance Investment Limited, it presents itself as a cryptocurrency investment company based and regulated in New Zealand. However, the broker is not regulated by the FMA. In fact, the latter stated that Alliance Investment Limited is falsely holding out as being associated with a legitimate company, and warned that it has the hallmarks of a scam.
Doing business with unregulated brokers always involves significant risk of losing your entire investment. So, we always advise traders to avoid dealing with such, and always check whether the company is properly licensed by the respective governmental agency. It is also a good idea to google the broker’s name to see whether there are any regulatory earnings against it, and to go through some professional and user reviews.
>> Looking for a broker licensed by the NZ’s FMA? <<
| Broker | Country | Regulation | Platform | Min Deposit | Review |
|
US | CFTC, NFA | MT4, Web, in-house |
$50 | Review Website |
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Cyprus, UK, Belize | CySec, FCA, IFSC | MT4, MT5, Web | $5 | Review Website |
|
Cyprus, Australia | CySec, ASIC | MT4, Web, Mobile app |
$100 | Review Website |
|
Australia | ASIC | MT4, MT5, IRESSTrader |
$100 | Review Website |
|
UK, Cyprus, Australia | FCA, CySec, ASIC | MT4, MT5 | $5 | Review Website |
|
UK, Australia | FCA, ASIC | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
|
UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
|
Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
|
Belize | IFSC | MT4, MT5 | $100 | Review Website |
|
Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
|
Cyprus | CySEC | MT4, Web | $25 | Review Website |
|
Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
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