Xcel Trader - Imposter website, withholding funds

We recommend caution when dealing with Xcel Trader and its website.

Xcel Trader is offering managed investment plans with unrealistic returns. It is not registered on the Financial Service Providers Register, which is required for entities offering financial products and services in New Zealand.

It is claiming to be a registered company in New Zealand and shows a fake Certificate of Incorporation. This document uses the details of another New Zealand company which has confirmed no association with Xcel Trader.

We have also received a complaint about Xcel Trader unreasonably withholding client funds and asking for unreasonable fees.

ENTITY NAME: Xcel Trader
WEBSITE: xceltrader.com
ADDRESS: (Alleged) XM98+8Q Queenstown, New Zealand
EMAIL: [email protected]