The FMA recommends exercising caution when dealing with Finsroyal.com as the FMA in New Zealand is concerned that the website may be operating a scam.
The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. Therefore, they are not permitted to offer derivative trading services to New Zealand retail customers.
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.
