New Zealand FMA adds Horse Forex and Whitley Trading Group to its warning list

Steffy Bogdanova
April 15, 2020 4:16 pm

New Zealand FMA added Horse Forex and Whitley Trading Group today to its warning list. www.worldclear.cloudtree.co was also added last week.

FMA suspects that Horse Forex is involved in a scam. The company’s websites www.aus.top and www.horsegroup.top claim they are operated by Horse Group HK Limited and Horseforex PTY Limited, respectively.

However, the director of Horse Group Limited has advised the company has no association with this entity or its websites. Horse Forex claims to be under the supervision of New Zealand Financial Supervisory Authority, which does not exist.

FMA advises caution when dealing with Whitley Trading Group and its website https://www.whitleytrading.com and that the entity might be involved in a scam.

Whitley Trading Group does not appear to be listed on the FSPR and is not an incorporated company in New Zealand. The address provided on the website, 1-19 Customs Street West, Commercial Bay Tower, Level 18, Auckland Region, does not exist.

FMA is concerned that the website www.worldclear.cloudtree.co as it is not associated with or authorised by the New Zealand registered company WorldClear Limited.

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Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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