ANSWER Croftcapital is an unregulated broker and should be avoided at all events. Croftcapital claims to be owned and operated by a private, legally registered online investment company which is located in the New Zealand, namely CROFT CAPITAL LIMITED. However, we didn't find any matching results in the registry of the New Zealand regualtor FMA. So Croftcapital is not overseen by any financial regulators. That means investors' funds in this broker are unsafe. What's worse, the New Zealand regulator FMA has added Croftcapital to the alert list to warn the public that Croftcapital may be operating a scam via the website (https://croftcapital.ltd/). You can check the full alert or warning here.Our verdict is that Croftcapital is not authorised by any financial regulator, therefore is not subject to necessary and strict laws and principles of operation, resulting in a high risk to trade with it. We advise you to stay away from this broker and any other unregulated brokerages and choose properly regulated brokers.
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