The compensation scheme also published the full report about the first year of its activity as an approved scheme, with majority of complaints received coming from overseas, mainly from Russia and China.
Read MoreNew Zealand’s FDR: 82% of complaints concern failure to return money
The annual report by New Zealand’s Financial Dispute Resolution scheme shows that the bulk of complaints concern overseas Forex brokers and 82% of the total related to failure to reimburse investments.
Read MoreForex Trend accounts for 60% of complaints to New Zealand’s FDR
During the 11 months to May 31, 2015, New Zealand’s Financial Dispute Resolution (FDR) scheme got 248 complaints regarding Forex Trend, all of them – from Ukrainian residents.
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