The FMA recommends exercising caution when dealing with Croftcapital and croftcapital.ltd (the website) as the FMA in New Zealand is concerned that Croftcapital may be operating a scam via the website. The FMA received a report of people being unable to recover funds paid to Croftcapital.
Croftcapital is in fact not operating from the New Zealand business address as listed on the website. They are not associated with the New Zealand incorporated company above.
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.