The Financial Markets Authority (FMA) of New Zealand, in its efforts to protect consumers from scams and unauthorized activity in the financial markets, has added a new warning to its website on Monday which highlights the activities of CCM Clearing Limited.
According to its website, CCM Clearing Limited claims to offer: “a trading facility on a wide range of financial instruments, ranging from foreign exchange, foreign exchange options, to Contracts for Differences (CFDs) on stocks like crude oil and precious metals.”
However, the FMA has warned that this firm is not registered to provide financial services in New Zealand. Furthermore, the company has been accused of unreasonably withholding the money of its clients, which has prompted the regulator to warn consumers that it may be a scam.
CCM Clearing Limited operates via its website www.ccmclearing.com and claims its address is Stefano Street, 23A Sophia, Bulgaria. According to the warning, the company is also linked to Rocket Consultant Group and World Advisory Group.
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Via its website (www.rocketconsultantgroup.com), Rocket Consultant Group claims to provide access to forex and metals options trading through its trading platform UTRADEPro. The firm also states that it facilitates forex spot trading and contracts for difference (CFDs) for equity indices, corn, wheat, crude energy, and gold.
World Advisory Group (www.worldadvisorygroup.com), on the other hand, states that it is: “The only platform offering true multi-bank liquidity and cross-asset margin trading for Forex, CFDs and Options from one account.”
Rocket Consultant Group, provides the following addresses for its operations – Bahnnhofstr. 100 4. Etage, 8001 Zurich, Switzerland; Torres De Las Americas Panama City, Panama; An der Welle 4, 1st Floor, 60322 Frankfurt am Main, Germany and 1 Austin Road West, Kowloon, Hong Kong. World Advisory Group lists its address as Rue Du Rhone 14, 1204 Geneve, Switzerland.
As a result, residents of New Zealand should not only avoid CCM Clearing Limited but also its associated entities Rocket Consultant Group and World Advisory Group.