Bit GPTNew Zealand has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Bit GPTNew Zealand offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast deposits|Stable platform|Segregated accounts|Fast execution
Cons: Wish they had more educational resources
I trusted Bit GPTNew Zealand with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Demo account available|Real-time alerts|Regular updates|Multi-device support
Cons: Currency conversion fee exists
Bit GPTNew Zealand locked my account without warning and demanded documents I had already submitted. for a few weeks now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Regular updates|Wide product range
Cons: Currency conversion fee exists|None so far
After seeing ads for Bit GPTNew Zealand online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
After for over a year with Bit GPTNew Zealand I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: High security standards|Copy trading available|Low minimum deposit|No hidden fees
Cons: No integrated tax optimization
I invested $5,000 with Bit GPTNew Zealand after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Do not believe the bonus offer from Bit GPTNew Zealand. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Real-time alerts|Easy withdrawals
Cons: Limited social trading features|No dark mode on mobile
The spread at Bit GPTNew Zealand is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Personal attention|Social trading features|High security standards
Cons: Limited ETF selection