New Zealand’s FMA warns of NoaFX/Capital Market Investments


Just a day after New Zealand’s Financial Markets Authority (FMA) voiced its concerns about Forex firm Fidelis International Trading Limited, the regulator is adding another Forex services provider to its list of unregistered businesses.

The list, which includes overseas businesses marketing financial services to New Zealanders without being registered, now includes Capital Market Investments Limited, operating through its brands NoaFX (https://www.noafx.com) and CMI Group (https://www.cmigroup.co.nz).

The regulator notes that on the website https://www.noafx.com Capital Market Investments Limited is claiming to be registered in New Zealand as a financial service provider and also a member of a disputes resolution scheme. In reality, it is neither. The company is not operating under the licensing and regulation requirements of New Zealand, as claimed.

LeapRate’s check has shown that Capital Market Investments Limited used to be registered as an FSP, but was deregistered in January 2016.

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You can view the list of unregistered investment businesses in New Zealand by clicking here.

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New Zealand's FMA warns of NoaFX/Capital Market Investments

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