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KDFX

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Operating status: SCAM

Website: https://www.kdfxfund.com/new/index.html

Broker violations and abnormal records
  • 2023-08-01 BrokersView has Reviewed that KDFX is an Unregulated Broker

    According to its website，KDFX is located in UK.However there is no matching information was found in the Financial Conduct Authority (FCA).

    The truth is that KDFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    According to its website，KDFX is located in UK.However there is no matching information was found in the Financial Conduct Authority (FCA).The truth is that KDFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Is KDFX reliable?

Mike Thomsen
Thailand
2023-08-21
ANSWER KDFX is not a reliable platform and its claim about regulatory status cannot be trusted.KDFX claims to be registered in the UK with company number 12133926. While there is a company called KDFX LTD in the register of the Companies House (CH), this company fails to seek authorization from the Financial Conduct Authority (FCA). This is a red flag.What's more, this broker purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 24879 IBC 2018. Such assert cannot be considered as the support for its legitimacy in forex trading. Firstly, the SVG FSA has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. Secondly, there isn't any data in the register of this offshore watchdog matching the purported license. As such, we have come to the conclusion that KDFX's offerings of trading services remain unsupervised and unlicensed.Since KDFX is an unlicensed broker, it is highly risky to deal with it. Without regulatory oversight, investors engaging with this platform are exposed to fraud or identity theft. Therefore, to mitigate such risks, it is advisable to find a fully regulated broker and stay away from unlicensed ones like KDFX.
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