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

Danger Unauthorized

Xnova

Disclosure summary

Disclosure matching Website matching
Disclosure time 2024-09-09
Reason for punishment The websites both offer an online cryptocurrency and foreign exchange trading platform, but they are not licensed to provide these services in New Zealand, as they are not registered on the Financial Service Providers Register (FSPR).

Disclosure details

Westfffx.com, Westfiledfx.com – Imposter websites

09 September 2024 Westfffx.com, Westfiledfx.com – Imposter websites SHARE THIS We recommend exercising caution when dealing with westfffx.com and westfiledfx.com. These websites claim to be associated with New Zealand companies (westfiledfx.com claims to be associated with Xnova Broker Limited, and westfffx.com claims to be associated with Westfield Premier Solutions Limited). Xnova Broker Limited and Westfield Premier Solutions Limited have confirmed they have no association with these websites, and that the companies’ names and registration details are being used without consent. The websites both offer an online cryptocurrency and foreign exchange trading platform, but they are not licensed to provide these services in New Zealand, as they are not registered on the Financial Service Providers Register (FSPR). ENTITY NAME: Westfffx.com, Westfiledfx.com ADDRESS: (Alleged) 13D Aldersgate Road, Hillsborough, Auckland EMAIL ADDRESSES: support@westfxtrader.com, info@westfiledfx.com WEBSITES: Westfffx.com, Westfiledfx.com

Annex

Screenshot 1

More regulatory disclosure

Sanction

2023-08-16

Notice of Revocation of the Financial Dealers License.