FMA in New Zealand warns against Saga Trade

FMA in New Zealand warns against. pribizco.com and pbfx.asia (the websites). They are involved in a scam.

They recommend exercising caution when dealing with these websites.

The websites claim to provide online trading services specializing in derivatives such as stock index, metal, commodities, CFDs and foreign exchange margin trading.

Entity name: pribizco.com and pbfx.asia
Contact numbers: +60-3-27791318
Email addresses: [email protected]; [email protected]
Websites: pribizco.com and pbfx.asia

How To Protect Yourself From Scams 

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.