All Forex traders should beware of Capital Trust Markets and owner/director { name deleted by staff due to legal threats }. On Forex Peace Army forum CTM was just voted GUILTY of fraud and scamming of clients by a vote of 68-0. The CTM website is still active and may still accept new clients and funds. The company is registered off-shore in New Zealand by a Canadian citizen and falsely claims to be in good standing with the NZ Financial Markets Authority. CTM in fact de-registered from the Financial Services registry on May 18 and clients funds are in the Royal Bank of Canada. The New Zealand authorities are turning a blind eye to the theft of client funds.
I have an account with CTM and personally will never do business with any New Zealand broker again. The NZ government appears to be at best unconcerned that fraud is perpetrated using their country as registration, or in worst case, complicit in defrauding innocent investors who assume protective government oversight.
Two threads with details are here:
http://www.forexpeacearmy.com/forex-...m-alert-7.html
http://www.forexpeacearmy.com/forex-...+trust+markets
I have an account with CTM and personally will never do business with any New Zealand broker again. The NZ government appears to be at best unconcerned that fraud is perpetrated using their country as registration, or in worst case, complicit in defrauding innocent investors who assume protective government oversight.
Two threads with details are here:
http://www.forexpeacearmy.com/forex-...m-alert-7.html
http://www.forexpeacearmy.com/forex-...+trust+markets