New Zealand FMA Warns Against Finanex Limited

The New Zealand's Financial Markets Authority (FMA) recommends caution when dealing with Finanex Limited, which is offering a platform for investors to trade in cryptocurrencies.

According to the authority, Finanex Limited is falsely claiming to be authorised in New Zealand to provide financial services. Finanex Limited is not a registered financial service provider in New Zealand.

Finanex Limited is also making statements regarding the returns an investor would receive from their financial service that appear to be false and misleading and/or unsubstantiated.

"We are concerned that Finanex Limited may be operating a scam and recommend caution when dealing with them and their website,"FMA said.

The fake website's information is as follows:

Entity name: Finanex Limited

Email: support@finanex.net

Phone number: +64 9 888 4303

Website: www.finanex.net