New Zealand financial regulator Financial Markets Authority (FMA) has warned of an alleged fraud by a forex retail broker operating under the name BigUncle. According to the FMA, the alleged broker is committing fraud through the biguncle.work website as well as other websites. There is information that customers cannot recover cryptocurrencies invested through BigUncle’s MetaTrader platform. The regulator emphasizes that BigUncle is not a registered financial service provider and is not regulated in New Zealand and recommends not to deal with it.
FMA New Zealand Warns of Fraud through an Unregulated Company Called Big Uncle
F