FMA Adds Forex Broker FxUnited To Its Warning List

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FMA Adds Forex Broker FxUnited To Its Warning List

Postby » Wed May 04, 2016 8:58 am

The Financial Markets Authority (FMA), New Zealand’s financial markets regulatory body, today issued an update to its warning list to include United Global Holdings Ltd, trading as FxUnited, making it the latest entry to be categorised under “Businesses to be wary of”.
FxUnited falsely claimed that the FMA endorsed the company as being legitimate and highly regulated.

This is a another example of guidance published by the New Zealand watchdog in recent months. In April 2016, Finance Magnates reported that the FMA had also warned against New Zealand-based Hangsiu Group Ltd for conducting “unregulated business”.

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