Compare fixed term deposits appears in an attributed source record from Financial Markets Authority in New Zealand. This article explains the recorded identity and source context. It is not a firm client matter or an independent criminal finding.
Recorded identity and source
- Name in source
- Compare fixed term deposits
- Source authority
- Financial Markets Authority
- Source jurisdiction
- New Zealand
- Source validation date
- 2023-06-09
- Source modification date
- 2023-06-09
- Source category
- Unregistered/Unlicensed entity offering financial products or services
- Additional source information
- FMA are concerned that Compare Fixed Term Deposits (CFTD) may be operating a scam.
It operates a website claiming to offer consumers a way to compare all registered and regulated fixed income investments in New Zealand and find the highest rates.
This website states that it is “fully insured and asset backed by the provider,” however no such scheme is currently offered in New Zealand.
There is also no evidence to support the claim that its “recommended partners” are authorised or regulated by the Financial Markets Authority (FMA).
We have seen an increase in the number of investment scam victims reporting that they have put personal details into comparison websites such as CFTD and then been contacted by individuals purporting to be from well-known banking institutions such as Citibank or HSBC.
We believe this website site is a front used to collect personal information from New Zealanders, which then enables the overseas scammers to contact them with fictitious investment opportunities.
Some victims have lost hundreds of thousands of dollars to these schemes.
We recommend New Zealanders exercising extreme caution when dealing with this entity and not provide it with any personal information.
Entity name: Compare fixed term deposits
Website: comparefixedtermdeposits.net/
Read the source in its own terms
The recorded category is attributed to the authority above. An authorization-related notice is not by itself a court judgment of fraud. Read the precise warning or finding and the jurisdiction to which it applies.
Compare the exact identity
No exact website or profile is supplied in this record. No address has been inferred from the name. A trading name alone may not establish the same entity. Retain the original communications, platform terms and payment records that identify your counterparty.
Dates and current status
Source registration, validation and modification dates are reproduced where available. They are distinct from this website’s actual release date and may differ from the original warning date. Historical information may change. Consult the linked authority for its current position.
Issues for legal review
The source notice is background to a legal assessment, not a decision on a reader’s individual claim. The relevant questions include the identity of the contracting or communicating party, the representations made, the payment history, the applicable terms and the forum in which a dispute could be addressed. The evidence must be assessed against the actual legal issue and any relevant deadline.
Report the matter to the firm
If your experience concerns the identity described in this notice, tell CRYPTOS LAWYERS what happened and provide the exact platform details, approximate dates and the parties involved. The firm will review whether it can assist, including conflict, jurisdiction and scope checks. A written engagement is required before representation begins.
Where a legal assessment requires transaction analysis, an independent technical investigator or recovery company may be instructed or referred privately on agreed terms. Counsel reviews the resulting report and assesses the appropriate lawful legal steps. A technical report or complaint filing does not itself authorize an asset restriction or establish an entitlement to payment.
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