Mic-Market
micmarkfx.com
🚫 Confirmed ScamActive Warning
Risk Summary
Mic-Market (micmarkfx.com) falsely claims to be licensed in Cyprus, the US, and South Africa - the FMA (New Zealand) confirmed on 3 December 2024 that none of these claims are true after the firm contacted a New Zealand resident. Mic-Market is also linked to Trader AI, which was separately warned by ASIC. New Zealand investors have no protection against this firm.
Regulatory status: No regulatory authorisation in any claimed jurisdiction. FMA New Zealand confirmed all regulatory claims are false (December 2024). Associated entity Trader AI also warned by ASIC.
Last verified: 20 January 2025 by BrokerDir Editorial Team
Official Regulatory Warnings
FMA (Financial Markets Authority, New Zealand)2024-12-03
The FMA issued a warning on 3 December 2024 that Mic-Market contacted a New Zealand resident offering financial services. The FMA's enquiries confirmed that Mic-Market's claims of being licensed in Cyprus, the US, and South Africa are false. The firm is not registered in New Zealand and investors are not protected by New Zealand law.
ASIC (Australian Securities and Investments Commission)2024-12-03
ASIC issued an investor warning about Trader AI (bestlimiteddls.net), which Mic-Market claims as an associated entity. The FMA's warning cross-references this ASIC alert as further evidence of the deceptive network both firms appear to be part of.
Red Flags
- False claims of regulation in Cyprus, United States, and South Africa
- FMA (New Zealand) confirmed all regulatory claims are untrue
- Not registered to provide financial services in New Zealand
- Associated with Trader AI - separately warned by ASIC
- Operates offshore with no investor protection scheme
- Actively solicited New Zealand residents without a licence
What to Do If You've Been Affected
Do not deposit any further money with Mic-Market and stop all communication. Report the firm to the FMA at fma.govt.nz and to ASIC via moneysmart.gov.au/report-a-scam. Contact your bank or payment provider immediately to dispute any transactions. Keep all evidence including screenshots, emails, and payment records. Do not pay any fees demanded for account 'verification' or fund 'release' - these are follow-on fraud tactics.
Safer Alternatives
These regulated brokers are reviewed by our editorial team and available as safer alternatives.
Frequently Asked Questions
No. Mic-Market claims to be licensed in Cyprus, the US, and South Africa. The FMA (New Zealand) confirmed after its own enquiries that none of these claims are true. Always verify a firm's regulatory status directly on the official register of each claimed regulator before depositing any funds.
Because Mic-Market operates without any regulatory oversight, there is no investor compensation scheme to protect your funds. Contact your bank immediately to attempt a chargeback and report the matter to the FMA at fma.govt.nz and your national financial regulator.
Mic-Market told at least one target that it is associated with Trader AI (bestlimiteddls.net), which is separately the subject of an ASIC investor warning. The FMA drew attention to this link as further evidence of the firm's deceptive conduct.