Financial Markets Authority
Catalogue reference · Recorded date: 2025-02-24. Confirm the exact legal entity and current status with the authority.
Open authority reference ↗- Commercial name
- Bit Pro Gain
- Authority jurisdiction
- New Zealand
- Authority reference
- 64
- Categories
- 1
- Category details
- Unregistered/Unlicensed entity offering financial products or services
- Additional catalogue information
- The FMA strongly advises against responding to any offer of financial services made by Bit Pro Gain or any of its websites, including bitprogain.io and bitpro-gain.com. Bit Pro Gain says it is offering an online trading platform but is operating an investment scam. We have received a report from a New Zealand investor who created an account with Bit Pro Gain through the website bitprogain.io, and began with a small credit card payment to the platform. The investor says that Bit Pro Gain then took several unauthorised payments from the investor’s bank account, totalling more than $250,000. Scam uses remote access software to access financial information. When an investor creates a new account with Bit Pro Gain, they are prompted to install an app on their phone. Users are told the app will let them receive notifications about their investments. However, the app is a remote access application, which can grant Bit Pro Gain access to notifications and messages from the user’s phone and other devices. Bit Pro Gain may be able to use this access to receive users’ banking information or 2 factor authentication codes. Bit Pro Gain is operating through multiple websites. We have concerns that bitpro-gain.com may be associated with the same investment scam, as the website offers similar services to bitprogain.io and uses the name Bit Pro-Gain. The website also displays a doctored version of a New Zealand Certificate of Incorporation. Websites: bitprogain.io, bitpro-gain.com, bitprogain.com Emails: [email protected], [email protected] Addresses: (Alleged) Stact Inc, 06 Highley St, Victoria, New York (Alleged) 99 Bishopsgate, London, EC2m 3XD
- Validation date
- 2025-02-24
- Modification date
- 2025-02-24