It is safe forex broker ?

By Edward tai, from Malaysia, June 1, 2020 at 04:57 PM

Hi, can helps to check is this an authorise broker agent? It is safe to trade with kvbfoxmarket? Thank you so much. 

Answer: Hi Edward tai,

We took a look at KVBFX broker and we would not recommend dealing with it, since it is not regulated company. The broker states it is a FSA registered foreign exchange dealer, registration number 220929. However, this reference number that belongs to another FCA-regulated company that has nothing to do with KVBFX. Besides that, there is not other regulatory information about this broker that only proofs it’s illegal.

Firms like KVBFX are using the details of firms regulators authorise to try to convince people that they work for a genuine, authorised firm.

In addition, the broker’s website supports Chinese language as its main one, however the broker is not authorised in China or any other country. That is why we advise you to stay away from KVBFX and choose only Regulated Brokers.

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