Until new legislation in 2015, it was effortless for foreign nationals to set up as a forex broker in New Zealand. Geurkink and Echadi promised worldwide customers that their money could be used to trade exchange contracts over the counter, while lacking registration with the US Commodities and Futures Trading Commission CFTC. Fastforextradelab makes the unqualified claim on its website that it can provide "80-90% high probability forex trades." This broker also offers account types that advertise a "minimum expected profit" and promotes claims such as: "INVEST $600 GET $7,000." Fastforextradelab also claims that its signals feature a "95% success rate." These kinds of unbalanced claims are misleading and can indicate the possibility of a forex scam. Fastforextradelab lacks legitimate regulation and appears on the FCA's watchlist for unauthorised firms. We do not recommend opening an account with Fastforextradelab.

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