The New Zealand FMA has warned about Mic-Market, which falsely claims to be registered in multiple jurisdictions.
As Finance Magnates learned, the company cloned the licensed Cypriot broker Colmex's website and credentials.
The New
Zealand FMA added Mic-Market to its warning list today (Tuesday), exposing the
broker's false claims of being licensed in Cyprus, UAE, and South Africa. The
regulator also revealed connections between Mic-Market and Trader AI, a firm
previously flagged by Australian ASIC.
Finance
Magnates has
discovered that Mic-Market is nearly an exact clone of CySEC-licensed broker
Colmex, using both their license number and website design.
Mic-Market Impersonates
Cyprus-Based Colmex
“We
are aware that Mic-Market has contacted a New Zealand resident with the aim of
offering financial services,” stated
the FMA in Tuesday's announcement. “Mic-Market advised the New Zealand
resident that they are associated with Trader AI, which is the subject of a
warning by the Australian Securities and Investments Commission.” You
can check the ASIC warning here.
The FMA
emphasizes that Mic-Market lacks licensing in New Zealand and other
jurisdictions where it claims authorization. The broker's official website
(micmarkfx.com) falsely displays license numbers from Cyprus (123/10) and South
Africa (46990).
A check of
the CySEC registry reveals that the cited license number has
been associated with Colmex Pro Ltd for 14 years, operating through
colmexpro.com. Similarly, the FSCA license belongs to the same broker,
registered in South Africa since 2016.
Comparing
Colmex and Mic-Market websites shows that the entity warned by FMA is clearly a
clone. Except for the logo, both sites are almost identical.
The original Colmex website
The cloned Mic-Market website
Mic-Market
also uses Colmex's correspondence addresses, having only changed phone numbers and
email addresses.
Finance
Magnates found that
the fake broker allows trading account registration, posing a potential risk of
fund loss.
Watch Out for More Clones
Mic-Market
represents one of the latest examples of complete website and data cloning of a
licensed, long-established retail CFD broker.
Finance
Magnates reported
several months ago that other popular brokers, including AvaTrade, LCG, and
JFD, fell victim to similar scams.
Previously,
warnings were issued about a cloned XTB website, first flagged by the UK's FCA.
The site operated under xtbtrading.org and appeared nearly identical to XTB's
official UK website.
While
Mic-Market aimed to attract new clients, the fake XTB could have used its
deceptively similar domain name and website to mislead investors into logging
into the fraudulent site, risking account credential theft and potential
account compromise.
The New
Zealand FMA added Mic-Market to its warning list today (Tuesday), exposing the
broker's false claims of being licensed in Cyprus, UAE, and South Africa. The
regulator also revealed connections between Mic-Market and Trader AI, a firm
previously flagged by Australian ASIC.
Finance
Magnates has
discovered that Mic-Market is nearly an exact clone of CySEC-licensed broker
Colmex, using both their license number and website design.
Mic-Market Impersonates
Cyprus-Based Colmex
“We
are aware that Mic-Market has contacted a New Zealand resident with the aim of
offering financial services,” stated
the FMA in Tuesday's announcement. “Mic-Market advised the New Zealand
resident that they are associated with Trader AI, which is the subject of a
warning by the Australian Securities and Investments Commission.” You
can check the ASIC warning here.
The FMA
emphasizes that Mic-Market lacks licensing in New Zealand and other
jurisdictions where it claims authorization. The broker's official website
(micmarkfx.com) falsely displays license numbers from Cyprus (123/10) and South
Africa (46990).
A check of
the CySEC registry reveals that the cited license number has
been associated with Colmex Pro Ltd for 14 years, operating through
colmexpro.com. Similarly, the FSCA license belongs to the same broker,
registered in South Africa since 2016.
Comparing
Colmex and Mic-Market websites shows that the entity warned by FMA is clearly a
clone. Except for the logo, both sites are almost identical.
The original Colmex website
The cloned Mic-Market website
Mic-Market
also uses Colmex's correspondence addresses, having only changed phone numbers and
email addresses.
Finance
Magnates found that
the fake broker allows trading account registration, posing a potential risk of
fund loss.
Watch Out for More Clones
Mic-Market
represents one of the latest examples of complete website and data cloning of a
licensed, long-established retail CFD broker.
Finance
Magnates reported
several months ago that other popular brokers, including AvaTrade, LCG, and
JFD, fell victim to similar scams.
Previously,
warnings were issued about a cloned XTB website, first flagged by the UK's FCA.
The site operated under xtbtrading.org and appeared nearly identical to XTB's
official UK website.
While
Mic-Market aimed to attract new clients, the fake XTB could have used its
deceptively similar domain name and website to mislead investors into logging
into the fraudulent site, risking account credential theft and potential
account compromise.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Claude Powers Nine of Ten Broker AI Agents That Now Trade Live Accounts
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
