The New Zealand watchdog found that WDC Markets are withholding client funds a the company is not a registered financial service provider in New Zealand.
WDC Markets is also listed in the warning list of the Spanish National Securities Market Commission.
The FMA alleges that Intrgroup and its associated website may be operating a scam.
Other overseas regulators such as Financial Conduct Authority (UK) and Financial Services and Markets Authority (Belgium) have cautioned against Intrgroup.
The New Zealand regulator found that World Markets is not a registered financial service provider
The FMA recommends exercising caution when dealing with these entities.
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