UMOFX new warning on FPA

Pharaoh

Colonel
Messages
19,964
I'm rapidly losing all trust in NZ regulation. The brokers just bail whenever they feel like it.
 

Amin EL-HAKIM

Master Sergeant
Messages
306
Well, till this very moment, the NZ regulation is just a logo. If you guys remember my case with odmarkets. Up to this very moment, the iombudsman is still checking what does osmarkets feel about my claim. Add to that, the iombudsman stopped responding a week ago.
 

RahmanSL

Major
Messages
2,536
If I am not mistaken, I read somewhere that the New Zealand Regulators offer protection ONLY to their own citizens. So if you are not a Kiwi and your Z.Zealand broker scam you, then you are pretty much screwed.

Just stay away from brokers who are (or claimed) to be registered & regulated in Kiwi land.
 
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