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

Soltechx

Disclosure summary

Disclosure matching Website matching
Disclosure time 2023-03-28
Reason for punishment The entity offers trading in products, such as cryptocurrency and Contracts for Difference (CFDs), via their website. Soltechx is not a registered financial service provider in New Zealand, nor licensed in New Zealand to offer trading in derivatives, including CFDs.

Disclosure details

Soltechx does not hold a Derivatives Issuer licence to provide CFD trading services

Soltechx does not hold a Derivatives Issuer licence to provide CFD trading services We are concerned that Soltechx may be operating a scam. We have received reports of investors being unable to withdraw their investments. The entity offers trading in products, such as cryptocurrency and Contracts for Difference (CFDs), via their website. Soltechx is not a registered financial service provider in New Zealand, nor licensed in New Zealand to offer trading in derivatives, including CFDs. The regulatory body of Belgium, the FSMA, has published the website www.soltechx.com in their list of scammers and identified it as a fraudulent online trading platform. We recommend caution when dealing with this website. Website: www.soltechx.com Address: First Floor St Vincent Bank Ltd Building, James Street, Kingstown. Email: support@soltechx.email Phone: +441312975921

Annex

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More regulatory disclosure

Danger

2023-06-12

Market Radar – Unreasonably withholds clients’ funds