New Zealand FMA warns against Bitcoin Trader scam company


The Financial Markets Authority (FMA) has just issued a public warning against a scam company called Bitcoin Trader.

Bitcoin Trader

Phone: +1.4806242599
Email: [email protected]

Reason for warning:

The regulator shared that Bitcoin Trader could be operating a scam. The FMA has received a complaint from a New Zealand resident about a misleading advertisement that they saw on social networking platform, Facebook. Embedded in the advertisement was a link to an article clearly targeting the New Zealand public with potentially misleading statements about making fast, easy, money using Bitcoin Trader.

The article, and Bitcoin Trader’s website are clearly targeting New Zealand residents yet are not registered with the companies’ office, do not have a presence in New Zealand and lastly do not appear to be subject to regulation of any overseas regulator.

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