We recommend caution when dealing with the websites, www.kiwi-ex.com and kiwicoinex.com, as the FMA is concerned they may be operating a scam.
The websites are offering a platform for investors to trade in cryptocurrencies. We previously received a report of trades being conducted in an investor's account with kiwi-ex.com without their knowledge or consent. It has been brought to our attention that another website, kiwicoinex.com, has the same format and offerings as kiwi-ex.com. We believe these two platforms/websites are associated with each other.
The websites are falsely purporting to be associated with the registered New Zealand entity, Kiwi-Coin Limited (NZBN: 9429041175712, FSP: 523386). Kiwi-Coin Limited have confirmed that they are not operating or associated with either website. The websites are also making incorrect and misleading statements about the regulation of financial markets in New Zealand.
Entity name: www.kiwi-ex.com
Website: www.kiwi-ex.com, kiwicoinex.com