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Jecbit Finance Limited

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Operating status: SCAM

Website: https://www.jecbit-finance.com/

Broker violations and abnormal records
  • 2023-09-17 The NZ FMA issues a warning against Jecbit Finance Limited

    On September 18, 2023, the New Zealand Financial Markets Authority (FMA) issued a warning against Jecbit Finance Limited, stating that this broker is falsely claiming to be a NZ registered company. https://www.fma.govt.nz/library/warnings-and-alerts/jecbit-finance-limited-unregistered-imposter-website/

    On September 18, 2023, the New Zealand Financial Markets Authority (FMA) issued a warning against Jecbit Finance Limited, stating that this broker is falsely claiming to be a NZ registered company. https://www.fma.govt.nz/library/warnings-and-alerts/jecbit-finance-limited-unregistered-imposter-website/
  • 2023-09-17 BrokersView has reviewed that Jecbit Finance Limited is an unregulated broker

    While Jecbit Finance Limited showcases licenses issued by the New Zealand Financial Markets Authority (FMA) to appear legitimate, it remains a fraudulent platform. Because the NZ FMA has issued a warning against the platform, saying it falsely claims to be a registered company in New Zealand, using the address, NZ Business Number (NZBN) and other business registration details of another company, JEC Finance Limited. And the director of JEC Finance Limited has confirmed no association with this website. Jecbit Finance Limited appears to be a clone firm.

    In essence, Jecbit Finance Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Jecbit Finance Limited is unequivocally a scam.

    While Jecbit Finance Limited showcases licenses issued by the New Zealand Financial Markets Authority (FMA) to appear legitimate, it remains a fraudulent platform. Because the NZ FMA has issued a warning against the platform, saying it falsely claims to be a registered company in New Zealand, using the address, NZ Business Number (NZBN) and other business registration details of another company, JEC Finance Limited. And the director of JEC Finance Limited has confirmed no association with this website. Jecbit Finance Limited appears to be a clone firm.In essence, Jecbit Finance Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Jecbit Finance Limited is unequivocally a scam.

Related Complaints

Q&A

How's the review of this broker? Can I trust it?

TAHIR KHAN
Saipan
2023-09-20
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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