Disclosure details -

Financial Markets Authority

Year 2011Regulated by Government

The Financial markets Authority (FMA) is a New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. It jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ). FMA is a member of New Zealand’s Council of Financial Regulators.

Disclose broker

Danger Unauthorized

Markets Radar

Disclosure summary

Disclosure matching Website matching
Disclosure time 2023-06-12
Reason for punishment The entity offers trading in cryptocurrency, forex and CFDs via their website. However, Market Radar is not a registered entity, nor a registered financial service provider in New Zealand.

Disclosure details

Market Radar – Unreasonably withholds clients’ funds

Market Radar – Unreasonably withholds clients’ funds We are concerned the website marketsradar.io may be operating a scam. We received reports of people being unable to recover funds paid to the website. The entity offers trading in cryptocurrency, forex and CFDs via their website. However, Market Radar is not a registered entity, nor a registered financial service provider in New Zealand. As such, they are not registered to provide financial products or services to New Zealand residents, nor do they hold a Derivatives Issuer Licence. We recommend exercising caution when dealing with this entity. Entity name: Market Radar Website: www.marketsradar.io Email: info@marketsradar.io

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2022-05-04

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