The Financial Markets Authority (FMA) has just issued a public warning against a scam company called WiseBanc.
Address: Popovo Street 10, Lozenetz district, Sofia 1421, Bulgaria
Phone: +60 330 992 885 (Malaysia) ; +64 9 9518 350 (NZ); +65 31 384 058 (Singapore); +27 112 594 848 (South Africa)
WiseBanc is not registered on the Financial Service Providers Register, it is therefore not permitted to provide financial services to New Zealand residents.
WiseBanc are based overseas with no presence in New Zealand and do not appear to be subject to regulation by an overseas regulator.
The UK Financial Conduct Authority and the Central Bank of Ireland have each recently published a public warning about WiseBanc and Orion Service EOOD. According to the FCA, Orion Service EOOD also owns Prime CFDs.