Having problems withdrawing my funds from this broker.
Have launched their internal complaints procedure, after which I will take it to the New Zealand Financial Dispute Resolution authority of which they are a member.
I have also noted that they are no longer registered with the New Zealand FSPR. They were de-registered earlier this year. I will be approaching them to find out if what they are doing is legal.
No longer being registered as a FSP means that they are not regulated in any shape or form. There is also no oversight from the authorities in NZ. All big red flags.
Be careful out there, lest they rob you too.
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