New Zealand financial regulator Financial Markets Authority (FMA) has issued two warnings regarding suspected scams targeting investors in the country. The suspected scams involve two offshore brokers.

1) Promarkets

ENTITY NAME: Promarkets
WEBSITE: www.promarketsonline.com
EMAIL: info@promarketsonline.com

REASONS FOR WARNING:

The FMA recommends exercising caution before dealing with Promarkets and their website www.promarketsonline.com. Promarkets is not registered on the FSPR and not an incorporated company in New Zealand.

Promarkets has been falsely advertising showing New Zealand celebrities promoting Promarkets when this is not the case.

Individuals from Promarkets have then been contacting New Zealanders claiming they can gain high profits/yields and are endorsed by New Zealand celebrities which has the hallmarks of a scam.

2) Coinvest

ENTITY NAME: Coinvest
WEBSITE: https://coinvest.ltd
EMAIL: support@coinvest.ltd
TELEPHONE: +1(540)858 5068

REASONS FOR WARNING:

The FMA recommends exercising caution before dealing with https://coinvest.ltd/ (the website).

The website displays a company certificate of incorporation, as evidence of a license which is false and it is concerned this may mislead investors.

The FMA understands the website is not associated with New Zealand incorporated company, Coinvest Limited. The website is not subject to any regulation in New Zealand.