FMA New Zealand Warns of VHNX.com as a Possible Fraud

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New Zealand’s financial regulator Financial Markets Authority (FMA) has warned investors about an offshore forex and CFDs broker called VHNX, which operates the VHNX.com website. The company, which claims to be based in Saint Vincent and the Grenadines, is most likely committing fraud, according to the FMA. The regulator said it had received reports that VHNX officials were cold-calling New Zealanders with investment offers they were not authorized to make. The FMA also said it had received reports of people not being able to withdraw their funds from VHNX.

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