TXO Exchange has been added to the New Zealand Financial Market Authority’s “click a button” app Ponzi list.

The FMA added HQI Exchange to its “click a button” app Ponzi list on June 8th, 2026.

Twenty-one TXO Exchange domains are cited, all but four of which are either already flagged for fraud or disabled:

  • txopl.com – privately registered January 12th, 2026
  • txoce.com – privately registered January 12th, 2026
  • txoex.com – privately registered December 15th, 2025
  • txoin.com – privately registered December 15th, 2025

TXO Exchange is an MLM “click a button” app Ponzi run by Chinese scammers. BehindMLM has documented hundreds of the scams since they first emerged back in 2021.

TXO Exchange’s Ponzi ruse is trading signals. Signals are provided to investors through Qicheng Investment (aka Qicheng Holdings), a fake financial advisory firm created by the scammers running TXO Exchange.