ANSWER Dear Investor,
KGP Markets claims to be a brand of KGP MARKETS (PTY) LTD, which is stated to act as a Juristic Representative of L7 Prime (PTY) LTD—a company licensed by the Financial Sector Conduct Authority (FSCA) in South Africa.
While we were able to locate the alleged parent company (L7 Prime) within the FSCA registry, its registered information is notably sparse. The record lacks essential details, such as an email address or an official website. Due to this lack of transparency, we are unable to confirm from the available data whether KGP MARKETS (PTY) LTD is genuinely its subsidiary, nor can we definitively verify that the KGP Markets platform is an authorized brand under this licensed entity.
Furthermore, it is important to note that the South African FSCA is an offshore regulatory authority generally recognized for its relatively lenient oversight. Therefore, until the platform's credentials can be fully verified, we consider KGP Markets to carry a high level of risk. We strongly advise you to refrain from considering any transactions with this platform at this time to protect your capital.
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