TXO Exchange Added to New Zealand FMA “Click a Button” Ponzi List
The New Zealand Financial Markets Authority (FMA) has officially added TXO Exchange to its warning list of “click a button” app Ponzi schemes.
Latest FMA Warning
On June 11, 2026, the FMA flagged TXO Exchange as a high-risk investment scam. Just three days earlier, on June 8, 2026, the regulator also added HQI Exchange to the same list. These warnings aim to protect New Zealand investors from fraudulent trading platforms.
TXO Exchange Domains Cited
The FMA listed 21 TXO Exchange domains. Most are already flagged for fraud or disabled. Key domains include:
- txopl.com – registered January 12, 2026
- txoce.com – registered January 12, 2026
- txoex.com – registered December 15, 2025
- txoin.com – registered December 15, 2025
All domains were privately registered, a common red flag in scam operations.
What is TXO Exchange?
TXO Exchange is an MLM (multi-level marketing) “click a button” app Ponzi scheme operated by Chinese scammers. These types of scams first appeared in 2021, and BehindMLM has documented hundreds of similar fraudulent platforms.
How the Scam Works
The platform uses fake trading signals to attract victims. These signals are supposedly provided by Qicheng Investment (also known as Qicheng Holdings), a fabricated financial advisory firm created by the scammers.
Investors are encouraged to deposit money, “click a button” for signals, and recruit others to earn rewards a classic Ponzi structure with no real trading activity.
