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Global Broker Regulation & Inquiry App
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.
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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
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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
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