Another example: The owner of one such ''NZ-regulated'' broker - ''Capital Trust Markets'' (what an ironic name) - has taken off with $500k+ client funds (incl. $10k of mine).
Once it was obvious that the broker does not pay any deposits back to its clients (not to mention rightful profits), the NZ authorities quickly ''de-registered'' the broker and they were off the hook refusing to do anything else.
But until that point (what is the main issue here) the NZ authorities did not even care about the fact that the so-called ''segregated clients funds'' were used as a ''piggy bank'' by the owner - Reza F***ing Mokhtarian - to finance his expensive hobbies of luxury cars, rare whiskeys, cigars and guns...
Eventually in this YouTube video he admits to stealing from people and he is even proud of it (see the last 2 minutes):
So that is how your usual ''NZ-regulated'' broker CEO might look like...
Fortunately, the Canadian legal system has caught up with this parasite, and currently he is waiting for his trial in Toronto on federal wire fraud charges. Even if I don't see my $10k again, I hope he gets some hard time and gets f***ed up - LITERALLY - every day in the prison shower.
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FxMasterGuru posted: As far as I know only FCA regulation means a real monetary guarantee, i.e. an automatic 50,000 GBP insurance by FSCS.
Hi, I'm new to trading and trusting in a broker. Brokers deposits are guaranteed? I sent an email to the FSCS regarding this topic and they told me the guarantee runs when the bank fails, not the broker.
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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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