FMA warns against Whitcoin

FMA warns against Whitcoin

FMA recommends caution when dealing with Whitcoin and their websites, whitcoinex.com and whitcoinpro.com.
The websites are not registered Financial Service Providers in New Zealand.

Unauthorized Firm Details - Whitcoin

Entity name: Whitcoin
Websites: whitcoinex.com; whitcoinpro.com
Email: support@whitcex.net

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.