August 29, 2013 BY Gerald Segal

New Zealand's FMA warns against Phoenix Forex and the OakFX trading system

Phoenix Forex requires investors to pay a substantial up-front fee of up to $25,700 to subscribe for the system. New Zealand's financial regulator FMA has issued a warning against currency account manager Phoenix Forex Limited of Auckland, and the OakFX foreign exchange trading system, for which Phoenix is the exclusive distributor. According to the FMA, Phoenix Forex…

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