New Zealand’s FMA Blacklists Two Unlicensed Brokers

[kreslik.news]

The Financial Markets Authority (FMA) has issued two warnings on its website today. The announcements concern two forex brokers FSMSmart and Baihua Global.

FSMSmart

According to the warning concerning FSMSmart, the broker claims to be a registered financial service provider in New Zealand when, in fact, they are not. The watchdog warns that the company is making unsolicited calls to residents, offering their services to allow individuals to trade forex and derivatives through its website.

On its website, FSM Smart claims: “FSMSmart serves as one of the longest standing and pioneering Forex brokers in the world”. Through its platform customers can ... (read more)