Global Broker Regulation Inquiry App
WikiFX
Financial Markets Authority
Year 2011Regulated by Government
The Financial markets Authority (FMA) is a New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. It jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ). FMA is a member of New Zealand’s Council of Financial Regulators.
Disclose broker
Disclosure summary
- Disclosure matching Website matching
- Disclosure time 2022-08-10
- Reason for punishment FMA is concerned that the website vhnx.com may be operating a scam.
Disclosure details
Investor alert: VHNX is not licensed to offer derivative trading services in New Zealand
Investor alert: VHNX is not licensed to offer derivative trading services in New Zealand
FMA is concerned that the website vhnx.com may be operating a scam. We have received reports that representatives from VHNX are cold-calling New Zealand residents with investment offers when it is not authorised to do so. We have also received reports of people being unable to withdraw their funds.
The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, they are not permitted to offer derivative trading services to New Zealand retail customers. We recommend exercising caution when dealing with this entity.
Entity name: VHNX Limited
Associated entity: Capital Academy; FxRevenues
Contact numbers: +1800 847 8713
Email addresses: services@vhnz.com;services_en@fxrevenues.com
Address: Stoney Ground Road, Saint Vincent and the Grenadines
Websites: vhnx.com; fxrevenues.com
Annex
More regulatory disclosure
Danger
2022-12-12
Danger
2022-07-25
Danger
2022-10-17