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Operating status: SCAM
Website: https://www.oaklandholdingltd.net/

On 16 Nov 2022, the New Zealand Financial Markets Authority (NZ FMA) recommend exercising caution when dealing with Oaklandholdingltd.net. The website is offering investments but is not registered to provide financial services in New Zealand. The entity is purporting to be a registered company in New Zealand by using the name and address of a legitimate New Zealand company, Oakland Holding Limited. The director of Oakland Holding Limited has confirmed they are not associated with this website. You may visit: https://www.fma.govt.nz/scams/warnings-and-alerts/oaklandholdingltd-net/
Oaklands HOLDINGS LIMITED claims to be a reliable broker and attaches a link to registered page in New Zealand Financial Service Providers Register (FSP). However, the forex regulator in New Zealand is the New Zealand Financial Markets Authority (NZ FMA).
We searched NZ FMA and found the regulator recommend exercising caution when dealing with the broker. The reason was that the website was offering investments but was not registered to provide financial services in New Zealand. The entity was purporting to be a registered company in New Zealand by using the name and address of a legitimate New Zealand company, Oakland Holding Limited.
The truth is that Oaklands HOLDINGS LIMITED is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
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