FMA in New Zealand warns against TradeVtech

TradeVtech it is believed that is operating a scam. Their website claims to be a Contract-for-Differences (CFDs*) provider trading in stocks, currencies, cryptocurrency, commodities, and indices. However, they are not registered and/or licensed to provide financial services/products in New Zealand.

Details of the unauthorised firm

Entity Name: TradeVtech / UMedia LLC
Website: www.tradevtech.net
Address: First Floor St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines
Email: [email protected]; [email protected]
Phone: +41225013066; +43720971750

How To Protect Yourself From Scams 

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.