Quote Originally Posted by peat View Post
Quite a few are licensed as it turns out, including the one I use.
https://www.fma.govt.nz/compliance/l...s%5B101%5D=101

Your statement implied there were none.
?? 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.