Investor Alerts - Fredtrading
| Company: | Fredtrading |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 08 Oct 2024 |
| Link: | https://www.fma.govt.nz/library/unregistered-businesses/fredtrading/ |
| Subject: | Regarding market intermediaries who are required to be licensed or registered (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents) |
| Comments: | The FMA recommends caution when dealing with Fredtrading. Promotional material on Fredtrading’s website and social media profiles make statements that are misleading or likely to mislead investors about the ease and safety in trading foreign exchange (forex or FX) derivatives. This material relates to the ‘signal or ‘copy trading’ service provided by Fredtrading. The FMA wishes to advise investors that trading in forex derivatives carries significant financial risks, particularly when using leverage, and to be mindful of anyone claiming that a particular product or technique can give you access to better returns or easy money. While software programmes and training courses can teach you how to make forex trades, no person or programme can ever accurately predict movement in foreign currencies. The certificate displayed on Fredtrading’s website is an academic certificate for the completion of a course. The certificate does not imply any certification or authorisation to provide copy trading services to investors. Social media profiles: https://www.facebook.com/profile.php?id=100063625837752; https://www.instagram.com/fredtrading/?hl=da |
