ANSWER Jecbit Finance Limited is a fraudulent platform that pretends to be authorized by the New Zealand Financial Markets Authority (FMA). BrokersView warns you to stay away from this clone firm, as it could cause you serious losses.Jecbit Finance Limited claims to be a registered company in New Zealand, but this is a lie. It uses the address, NZ Business Number (NZBN) and other business registration details of another company, JEC Finance Limited, which has nothing to do with it. The FMA has issued a warning against Jecbit Finance Limited, saying that it is not regulated by them and that it is misleading investors. The full warning can be accessed here.As such, Jecbit Finance Limited is a scam that could harm investors. Entrusting the platform with funds and personal information is risky, as there are no rules in place to safeguard traders. To avoid these dangers, it is better to choose a broker that is fully licensed and regulated by a reputable authority.
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