Riseup Trade – Suspected scam

We recommend caution when dealing with Riseup Trade and its website.

Riseup Trade appears to be a platform for Foreign Exchange (Forex) trading. However, a New Zealand resident has reported their funds have been unreasonably withheld.

The FMA considers Forex a derivative; entities offering such services in New Zealand are required to hold a derivatives issuer licence. Riseup Trade does not hold this type of licence, nor is it registered on the Financial Service Providers Register.

Riseup Trade is not registered on the Companies Office registry, and we have found no information to show it is subject to regulation by any overseas regulator.

Entity: Riseup Trade
Website: clientzone.riseup-trading.com

Related

Derivatives are complex financial instruments, and trading them is not a suitable ‘investment’ for most consumers. 

Read more about derivatives