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
EEA Investors Can Now Trade Crypto Alongside Stocks on Interactive Brokers
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What helped Tickmill stand out this year?
In this Winner Spotlight, Johnny Khalil, Executive Director at Tickmill Europe, shares how listening closely to clients and delivering strong trading conditions made the difference.
A big thank you to the community whose support continues to drive progress every day.
👉 Think your brand has what it takes? Nominate for the 2026 Finance Magnates Awards: https://awards.financemagnates.com/#nominate
What helped Tickmill stand out this year?
In this Winner Spotlight, Johnny Khalil, Executive Director at Tickmill Europe, shares how listening closely to clients and delivering strong trading conditions made the difference.
A big thank you to the community whose support continues to drive progress every day.
👉 Think your brand has what it takes? Nominate for the 2026 Finance Magnates Awards: https://awards.financemagnates.com/#nominate
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Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
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- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
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From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
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Lights on. Cameras ready. 🎬
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Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
