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

PrimeFirmTrade

Disclosure summary

Disclosure matching Website matching
Disclosure time 2022-02-22

Disclosure details

FMA warns primefirmtrade.com unreasonably withholding investor funds

22 February 2022 FMA warns primefirmtrade.com unreasonably withholding investor funds SHARE THIS FMA are concerned that primefirmtrade.com is involved in a scam. The entity is withholding client funds unreasonably. Clients are required to make a large sum payment for a “withdrawal code” to withdraw funds from their trading accounts. There is information that suggests a connection between their website and two other websites - metasmarttrade.live and bitfidel.com. We have reasons to believe that the testimonials on all three websites are fake and made by fictitious individuals. We believe the business address 20 Richardson Drive, Saint Petersburg, FL33710 listed on their website is not the address of the entity. Entity name: PrimeFirm Trade Website: primefirmtrade.com Email: info@primefirmtrade.com Associated entities: metasmarttrade.live; bitfidel.com

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2024-09-03

List of the KNF's public warnings