New Zealand FMA warns against Financial Capital Alliance (Asia) Limited

fma scam alert

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Financial Capital Alliance (Asia) Limited.

Financial Capital Alliance (Asia) Limited

Associated entities/individuals: PSA Trade Limited; HK Wenxianqui Trade Co Ltd; Spride Limited
Address: 100 Queen’s Road, Central, Hong Kong
Email: [email protected], [email protected]

Reason for warning:

The FMA recommended exercising caution before dealing with Financial Capital Alliance (Asia) Limited (FCAA) as:

  • It is not licensed or registered to provide financial services in New Zealand;
  • It is withholding client funds
  • It has characteristics of a scam.

The official warning can be seen here.

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