Sterling Specialist representatives have made unsolicited calls to New Zealand residents offering trading in Forex, cryptocurrency and CFD's. Their website offers trading in forex, cryptocurrency and CFD's. Firms must be licensed in NZ to offer trading in CFD's to NZ resident 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.