FMA in New Zealand is concerned that Bitcoin Kiwi System Limited has the hallmarks of a scam. The FMA recommends exercising caution before dealing with this entity as it is not a registered company or financial service provider in New Zealand. It uses a fake article promoting its trading platforms on https://lavacrea.com/ and claims to be endorsed by well-known New Zealanders or public figures. It is offering financial services or financial products with unrealistically high returns via various websites.
ENTITY NAME: Bitcoin Kiwi System Limited (trading as Bitcoin Kiwi System)
ENTITY WEBSITES: btckiwisys.com, bitcoinkiwisystem.investerscorp.com
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.
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