NOAFX CMIGROUP

Pierre3

Private, 1st Class
Messages
59
I opened an account in september 2015 with NOAFX (CMIGROUP). The 19 th january I requested a withdraw for 7196 USD.
I chatted 4 times with them and sent some emails.The 20th january they told me withdrawal will be processed within 2-3 business days; the 21th january they told me my withdrawal has been delayed; the 22th january they told me by email my request was approved and the funds "will be reached you earliest"; the 24th january they told me "the transaction is in progress"; the 25th january by chat they told me the withdrawal will be processed within this week
I read somewhere CMIGROUP(owner of NOAFX) has been deregistred from FSPR http://www.business.govt.nz/fsp/app/ui/fsp/version/searchSummaryCompanyFSP/FSP284605/26.do
I think It will never pay. It look like a big SCAM
 
Last edited:

FxMaster

Lt. Colonel
Messages
10,094
Two steps that you must follow

1st - Invite them to join this thread via email (Send email to every possible address).

2nd - Go to their website and invite them to here via Live Chat.
 

Pierre3

Private, 1st Class
Messages
59
Two steps that you must follow

1st - Invite them to join this thread via email (Send email to every possible address).

2nd - Go to their website and invite them to here via Live Chat.

I received the following from FMA NZ
<<
Thank you for contacting the Financial Markets Authority (FMA) with regards to Capital Market Investment Limited.


We understand that you are having difficulty in accessing funds held on your account with this company.


The company is not, and has never been, authorised or licensed by the FMA. This entity is also no longer part of a Disputes Resolution Scheme you will need to seek independent legal advice about what other action is available to you.


While we are unable to assist you in recovering your funds, we would like to receive further information about the company for intelligence purposes. Please provide the following information if it is available to you:

1. Details of the bank account that you paid funds to (including bank name and address, account name and account number); and

2. How you came to invest with or through the company.


Thank you for your assistance.
>>
 

Pierre3

Private, 1st Class
Messages
59
In their website I read
<<NoaFX, as an arm of Capital Market Investments Limited, offers the following additional benefits:

  • Fully licensed and regulated as a Financial Services Provider as required under the New Zealand FSP Act.
  • FSP License # FSP284605
  • Financial Dispute Resolution scheme member>>

  • It is not true because they have been deregistred from FSP
 

Pharaoh

Colonel
Messages
20,029
I'm beginning to equate a past or present NZ registration as a major warning against any broker claiming it.
 

Pierre3

Private, 1st Class
Messages
59
I'm beginning to equate a past or present NZ registration as a major warning against any broker claiming it.

I Have just sent the following to (''seeni.jg@noafx.com; 'danielle@noafx.com'; 'support@noafx.com'; 'info@cmigroup.co.nz')

Good afternoon,


Account 2088540xxx

Name P F B


The 19th january I have requested a withdrawal for 7196 USD


After 2 weeks the withdrawal and the wire transfer have not been processed


I opened a thread about Noafx , cmigroup.co.nz and Capital Market Investments NZ on forexpeacearmy


http://www.forexpeacearmy.com/community/threads/noafx-cmigroup.43821/
I invite you to join this thread to explain why my withdrawal request has not be processed


Best regards


PFB
 

hakankaya

Recruit
Messages
4
hello,I am NoaFX's a client and I profited 4000 dollars.But they do not release my money.my withdrawal request from MT4 ID 2088544816 for 4000 USD has been approved at 17/05/2016 05:46 UTC.I still waiting it.

maybe you can know too about NoaFx ;

this is answer from FMA Authority of New Zeland

Dear Hakan

Thank you for contacting the Financial Markets Authority (FMA) with regards to Capital Market Investments Limited (NoaFX)

We understand that you are having difficulty in accessing funds held on your account with this company.

The company is not, and has never been, authorised or licensed by the FMA. This entity is also no longer part of a Disputes Resolution Scheme you will need to seek independent legal advice about what other action is available to you.

While we are unable to assist you in recovering your funds, we would like to receive further information about the company for intelligence purposes. Please provide the following information if it is available to you:

1. Details of the bank account that you paid funds to (including bank name and address, account name and account number); and

2. How you came to invest with or through the company.

Thank you for your assistance.

Pip Davidson

Customer Service
T 0800 434 567
E questions@fma.govt.nz
Level 5, Ernst & Young Building
2 Takutai Square, Britomart, Auckland, 1010
PO Box 106 672, Auckland 1143, New Zealand
 
Last edited by a moderator:

siufat0149

Private
Messages
32
  1. Hi all,

    Below is my lawyer's reply and please see if we can do something to get our money back:

    "The difficulty, once a claim has been issued and if successful, will be on enforcement. If the broker has taken your money, then I assume that the company will have most likely done the same thing to a number of people. By the time the claim has gone through the court system, the FCA/police will most likely have shut this company down and you may be unable to recover any money, as it will have most likely been moved offshore. I would not be surprised if there are multiple claims going through the courts against the broker as we speak. The best way to enforce the judgement would be by making the company bankrupt and then appoint trustees to obtain all the bank records and start a "tracing action", which means they can possibly attempt to recover any money moved overseas if foreign banks will cooperate. "

    Will we form a team of taking law actions against and share the cost of Litigation if decided to proceed?

    Chan



 
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