I'd give the strongest warning possible to some FX trader thinking of 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 experience of scammed traders on Forex Peace Army site, it's apparent that 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 soon be on the receiving end of a class action suit by customers that cannot withdraw any funds from their accounts. The director name deleted by employees as a result of legal threats doesn't respond to some form of communiing and on May 18 de-registered the CTM firm from New Zealand business directory and disappeared.
Whats even more amazing is that the Capital Trust Markets website is still working and seems to still take new customers and their money!!!!!!
It's a new regiion in the united kingdom and using a new Pakistani director recorded. In response to a question sent to the New Zealand government agency responsible for fiscal oversight (FMA/FRPS), they said that CTM was no longer enrolled together so there was no lawful arbitrator!!! Outrageous and It seems that a life of crime does pay in New Zealand.
A lot of the CTM clients have files complaints with their respective authorities agencies and anti-fraud units in Canada, UK and NZ. Hopefully the growing legal suit will track down and prosecute title deleted by employees as a result of legal threats and make people that New Zealand is the Pirate Bay of FX trading. Avoid CTM and prevent New Zealand !!
If any trader customers of Capital Trust Markets see this thread, then please place your comments and experiences. Please please see the thread Forex Peace Army that is organizing the class action suit against CTM and the criminal title deleted by staff as a result of legal threats .