FMA in New Zealand warns against DigitalBit

FMA in New Zealand is concerned that DigitalBit has the hallmarks of a scam.

There are false claims made on this website that they are associated with a company incorporated in New Zealand, Innovation Collective Limited (previously known as Digital Business Solutions Limited) (NZBN 9429036276295).

The directors of the NZ company have confirmed that neither they nor their company are operating or associated with this website.

Details of the unauthorised firm

ENTITY NAME: digitalbit.com
WEBSITE: digitalbit.com
EMAIL: [email protected]

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.