ANSWER Dear Investor,
FXBTG claims that its entity, FXBTG Financial Limited, is a legally registered company in New Zealand. Upon searching the Financial Service Providers (FSP) Register maintained by the New Zealand Financial Markets Authority (FMA), we did locate a company with this exact name.
However, please be advised that this merely signifies its registration on the FSP and does not mean it holds any valid licenses issued by the FMA. A basic FSP registration does not equate to strict regulatory oversight. Therefore, FXBTG is essentially an unregulated broker, which means your funds would be completely unprotected.
We strongly advise all investors to exercise extreme caution and avoid considering any transactions with such a broker to protect your financial security.
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