FX United deregistered as Financial Service Provider in NZ
Providing further evidence that FX United are not engaged in legitimate investment activity, news today that the New Zealand Companies Office has deregistered the company as a Financial Services Provider.
According to the Companies Office listing for United Global (FX United’s parent company), the company was deregistered
under section 18(1B) of the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
Section 18 (1B) of the FSP Act states:
The Registrar must deregister a financial service provider after a notice period in accordance with sections 19 and 20, if the Registrar is satisfied that the provider is not in the business of providing a financial service.
FX United claim they offer investors access to active and passive forex trading. ROIs offered by the company however lends itself to Ponzi fraud.
The general consensus is FX United is being by scammers out of Malaysia, mostly targeting naive Malaysian investors.
That the New Zealand Companies Office was unable to verify any legitimate financial services being offered by FX United, speaks for itself.
Pending any objections, United Global is scheduled to be struck entirely from the Companies Office register on June 17th.
Yes it is true that the NZ board had decided to remove United Global from its registrar of societies. This is something that we had already anticipated since there have been malicious remarks that have been spread by various parties who are envious of our success in the industry. The FMA; After hearing of our huge returns to clients had asked us to justify this but after we had wrote to them, they had told us that the only way to stay on is if we removed the CGAT and WINST programme which we categorically refused.
Having anticipated this, we are in the midst of registering ourselves in another country and getting the necessary authorization done. Everything is already on the roll and we should be in order very soon.
As far as Fx United is concerned, business still goes on as usual as our LP (Liquidity Provider) is more interested in the volume we generate than anything else so you need not worry. Your investments are safe and secure with us.
We have been in the business for many years and we have been through many hurdles and we will definitely overcome this one.
Thank you for your usual understanding.
GENERAL ISSUE – Basic information about FxUnited
United Global Holdings Limited
Now that the NZ gov has deregistered FX united because with huge return generated with you Cgat and Winst, do you think you can operate the same way in other country.
The most important things to do now is how FXunited can return those bouns accumulated for several months in all the client e-wallet, let them transfer and withdraw from Perfect Money. Many FX client has try to transfer money from e-wallet to PM, but FXunited did not approval and keep pending it with no answer.
This way FXunited may be able to keep the client if FXunited can register it company again. FXunited has to also let the client know what is FXunited plan if the company is not approve for registration in other country.
The money was collected by IB’s and banked into their locally incorporated Sdn Bhd companies…as such there is no such thing as money in New Zealand account. These are all lies.
The conclusion is the scammers have whacked your deposits and you people just became victims of an enormous Malaysian Scam.
So, you either go to the authorities or you can wait in vain for your money and continue listening to these scammers bull shit… Period.