- 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/
- 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.
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