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NZ FMA Issues Warning Against Financial Service Provider Impersonator PFDMarkets
The Financial Markets Authority of New Zealand (NZ FMA) has warned against the financial service provider PFDMarkets and its associated websites and recommended that the public be cautious.
Entity: PFDMarkets
Websites: pfdmarkets.com; app.pfdmarkets.com
According to the NZ FMA, these websites offer cryptocurrency and commodity services but are not registered to provide financial services in New Zealand.
The NZ FMA reported that PFDMarkets is allegedly misusing the details of the legitimate company, Pacific Financial Derivatives Limited. It has been confirmed that Pacific Financial Derivatives Limited has no association with pfdmarkets.com or its associated websites.
Furthermore, NZ FMA has received reports of investors being unable to withdraw their funds from the websites. Consequently, BrokersView strongly advises against engaging with this company.
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