Financial Markets Authority has issued a Warning against Infintix Limited

The Financial Markets Authority (FMA) has just issued a warning against one of the online trading service providers providing financial services in New Zealand. The regulator has issued the warning based on the data it has collected about the online trading service provider and its website.

As per the Financial Markets Authority, the firm is involved in offering services without acquiring any authorization or permission from the regulatory authority. This has led the regulator to believe that it is involved in illegal activities.

This also leads the regulator to believe that the firm is involved in running a scam. The firm may be involved in stealing the personal and financial information from the locals in New Zealand. Therefore, the firm has asked the investors in the country to remain cautioned and be very careful if they are interacting with it.

The FMA has warned the investment community to be fully vigilant and avoid interacting with the firm. It may scam people by bringing them onboard and steal their funds away. Therefore, the investors must take precaution when interacting with the platform.

Warning

The Financial Markets Authority is highly concerned about Infintix Limited for its illegal operations in New Zealand. The firm has been operating its website and trying to offer the NZ locals financial services without the necessary license.

The unlicensed provisioning of financial products and services is strictly prohibited in New Zealand. The entity aiming to run financial operations in New Zealand and wanting to sell securities to the locals must be authorized to do it.

However, the Financial Markets Authority is not authorized to do it at all. Instead, it has been doing it without even making any contact with the regulatory authority.

Infintix Limited is Unlicensed

The Financial Markets Authority wants the entire investment community in New Zealand and potential investors to know that Infintix Limited is unlicensed. The firm is not registered to operate in New Zealand at all so interacting with the platform is full of risks.

The investors in New Zealand must refrain from interacting with the platform and going for any investments with the website.

It is very alarming that the firm is operating in New Zealand without the proper permission from the concerning regulatory authority. The regulatory authority in New Zealand that grants license and permission to such firms to operate and offer financial services is FMA.

The FMA has confirmed that Infintix Limited made no contact with them in regards to acquiring any kind of authorization to operate in New Zealand. There is a high possibility that the website may be involved in running a fraud and lure innocents from the New Zealand to steal their funds.

High Risk of Losing Funds

The major cause behind the regulatory authority issuing a warning against the firm is to intimate the investors about investing in the website. The firm may be a scam and its sole purpose could be stealing the funds and personal data of the investors.

Such firms always aim to exploit the sensitive information they are able to collect from the innocent people through the internet. As they are not legal or regulated, there is a high chance that the contact details and physical address they provide could be fake as well.

So if the investors end up losing their money to such platforms, there is no possibility of recovering such funds. The investments or funds of the investors are protected by no law or regulatory body if they end up losing their money to an unlawful source.

Information about Infintix Limited

Infintix Limited is reportedly offering trading services in the form of multiple assets including commodities, shares, indices, cryptocurrencies, and more.

The information surrounding the firm can be viewed through the website; Infintix.com and the email for the website is [email protected]. The firm claims it provides investors with the opportunity of trading through Meta Trader (MT4), which is a highly adopted and most popular online trading platform.