ANSWER PBFX is not a licensed or regulated broker even though it states offers that look good to be true. PBFX claims to be regulated by the Australian Securities & Investments Commission (ASIC) under license number: 269820. We searched the license number in ASIC and found it belongs to a regulated company named "PB CAPITAL AUSTRALIA PTY LTD". However, without details like the domain shown on ASIC, we can tell there is any connection between PBFX and the licensed PB CAPITAL AUSTRALIA PTY LTD.Besides, PBFX also claims its regulation by the New Zealand Financial Markets Authority (NZ FMA) under an FSP Number: FSP551686. We do find a match result to PBFX but it is not authorized to provide financial derivatives. What's more, NZ FMA issued a warning against Pribizco for involving in a scam. You can check the full warning from here.The truth is, PBFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PBFX and trade with licensed brokers.
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