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Kingzcrypto

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Operating status: SCAM

Website: http://www.kingzcrypto.com/

Broker violations and abnormal records
  • 2022-09-22 The Swiss FINMA Added Kingzcrypto into Its Warning

    On 23 Sep 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that Kingzcrypto is not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/kingzcrypto/


    On 23 Sep 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that Kingzcrypto is not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/kingzcrypto/
  • 2022-09-25 BrokersView has Reviewed that Kingzcrypto is an Unregulated Forex Broker

    Kingzcrypto claims to be a licensed broker under the regulation of "the Securities and Exchange Commission ('SEC')". The "SEC" may refers to Cyprus Securities and Exchange Commission (CySEC). So we searched CySEC but did not find any matching results. That means the broker is not authorized by CySEC.

    In addition, this broker also claims to be located in Switzerland. We searched the Swiss Financial Market Supervisory Authority (FINMA) but found the regulator issued a warning that Kingzcrypto is not entered in commercial register.

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

    Kingzcrypto claims to be a licensed broker under the regulation of "the Securities and Exchange Commission ('SEC')". The "SEC" may refers to Cyprus Securities and Exchange Commission (CySEC). So we searched CySEC but did not find any matching results. That means the broker is not authorized by CySEC.In addition, this broker also claims to be located in Switzerland. We searched the Swiss Financial Market Supervisory Authority (FINMA) but found the regulator issued a warning that Kingzcrypto is not entered in commercial register.The truth is that Kingzcrypto is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • 2022-12-08 BrokersView has found that Kingzcrypto is not working

    BrokersView found the domain "http://www.kingzcrypto.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "http://www.kingzcrypto.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is Kingzcrypto an ECN broker?

Steve
American Samoa
2022-11-09
ANSWER Kingzcrypto is not a licensed or regulated broker even though it states offers that look good to be true. Kingzcrypto claims to be a licensed broker under the regulation of "the Securities and Exchange Commission (SEC)". The "SEC" may refers to Cyprus Securities and Exchange Commission (CySEC). So we searched CySEC but did not find any matching results. In addition, this broker also claims to be located in Switzerland. We searched the Swiss Financial Market Supervisory Authority (FINMA) but found the regulator issued a warning against Kingzcrypto for not entered in the commercial register. You can check the full warning from here.The truth is, Kingzcrypto is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Kingzcrypto and trade with licensed brokers.
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