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Originally Posted by peat
?? My statement is clear that NZ residents must trade via FMA's licensing scheme - that list if it is of any indication of how many brokers are licensed is insignificant to the global market share of brokers. Not one I can see that is US based.
What is apparent, FMA is telling investors that bogus or risky brokers overseas do exists.. yes I get that, in places like Zimbabwe. But over in the US, we see brokers that are bigger than ALL of the banks in Australia & NZ combined and offer real insurance protection to their clients.
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