New Zealand’s FMA has taken a very active stance in warning potential customers about the perils of dubious forex trading software and schemes which promise unrealistically high returns as more established regulators turn a blind eye. For quite some time, New Zealand has been widely regarded within the FX industry as a region with very rudimentary regulatory oversight, leading to the presence of a large number of overseas, often Far Eastern, firms having listed in the region. Since the beginning of last year and the establishment of the New Zealand Financial Markets Authority (FMA), however, many of such entities ... (full story)