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New Zealand’s FMA blacklists Profitix and Dang Kang

Aug 21 2019
By
Jonathan Smith

 

 

Unregulated Forex brokerages Profitix and Dang Kang International Group have been blacklisted by the New Zealand’s Financial Markets Authority (FMA) on Wednesday

 

The official warning against the first entity – Profitix - reads that individuals from the brokerage have been contacting New Zealand residents with investment offers and this has the hallmarks of a scam.The regulator has actually included two domains in its warning - www.profitix.com & www.incomeclass.net - and suggests they are operated by an offshore company called Enigma GRC Limited.

 

The other broker blacklisted by New Zealand’s FMA, Dang Kang, is not registered, licensed, or regulated in New Zeeland as claimed on its websites. The FMA further clarifies in its statement that the broker uses as many as five domains - https://en.dk-fc.com/ or https://en.dk-tnt.com/ or http://en.fc-dkg.com/ or http://en.dk-fca.com/ or http://en.d-fca.com - and has also been flagged by the Financial Conduct Authority in the UK.     

 

As a rule of thumb we always recommend traders avoid doing business with unregulated forex brokers, as the online trading world is full of con-artists and scammers seeking to rip off naive investors on every turn. So, make sure you only deal with brokers regulated by reputable financial authorities, and always check whether the company is properly licensed in the respective public registers.

 

 

>> Looking for a broker licensed by the FMA in New Zealand? <<

 

 

TAGS: FMA  warning  Profitix  Dang Kang  New Zealand  scam 
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