Reported Website: https://www.kangda-fx.com/
KANGDA claims to be operated by KANGDA GLOBAL LIMITED brand while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, KANGDA shows its company address is in the United Kingdom. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to KANGDA in FCA. The truth is that KANGDA is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
