I'd give the strongest warning possible to some FX trader considering a new broker.
Avoid like the plague any broker with regiion in New Zealand.
Second, avoid Capital Trust Markets!
From both personal experience and the posted expertise of cheated traders on Forex Peace Army website, it is apparent the New Zealand authorities regularly turn a blind eye to criminal fraud by FX brokers. An Fx broker indited and shut down, ForexTrend, was based in New Zealand. Currently the broker Capital Trust Markets will shortly be on the receiving end of a class action suit by clients who are unable to withdraw any money in their accounts. The director name deleted by staff as a result of legal dangers does not respond to some kind of communiion and on May 18 de-registered the CTM firm from New Zealand business directory and vanished.
Whats even more amazing is that the Capital Trust Markets website is still operating and appears to still accept new customers and their money!!!!!!
It's a new regiion in the UK and with a new Pakistani director recorded. In response to an inquiry sent to the New Zealand government agency responsible for fiscal supervision (FMA/FRPS), they stated that CTM wasn't any longer enrolled together so there wasn't any lawful arbitrator!!! Outrageous and It appears that a lifetime of crime does pay in New Zealand.
Many of the CTM clients have documents complaints with their various police agencies and anti-fraud units in Canada, UK and NZ. Hopefully the developing legal suit will track down and prosecute title deleted by staff as a result of legal dangers and make people which New Zealand is your Pirate Bay of FX trading. Prevent CTM and prevent New Zealand !!
If any trader customers of Capital Trust Markets visit this thread, then please place your comments and experiences. Please please visit the thread Forex Peace Army which will be coordinating the class action suit against CTM and the criminal title deleted by staff as a result of legal dangers .