Investors Unable to Withdraw Funds from EcoMarkets, FMA Reports
FMA warns that EcoMarkets may be operating a scam, for the following reasons:
EcoMarkets is not registered in New Zealand, nor listed on the Financial Service Providers Register (FSPR).
Investors are unable to withdraw funds, after repeated requests.
EcoMarkets provide a link to a web-based platform, where the representative of EcoMarkets show investors how to trade, through phone or zoom calls.
Complainants have found fictitious amounts and profits being displayed on the platform.
EcoMarkets discourage investors paying with their MasterCard or Visa card - these card providers allow chargebacks within 540 days from transactions.
EcoMarkets caught the attention of complainants through their advertisements on social media platforms, such as Facebook.
FMA recommend exercising caution if dealing with this entity or their representatives James Martin and Adam Green.
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