Reported Website: https://kswcl.com/en/index.html
Kong Shing claims to operate as Kong Shing Wealth Company Limited, which is registered in St Vincent and the Grenadines (SVG) and allegedly ‘regulated’ by the SVG Financial Services Authority (FSA). However, our investigation found no record of this entity in the official SVG registry. Furthermore, the SVG FSA does not regulate foreign exchange (forex) or financial trading activities; it only administers the registration of International Business Companies (IBCs). Therefore, any claim to be ‘regulated’ by the SVG FSA is misleading. Furthermore, Kong Shing displays two regulatory certificates asserting that it holds licences from New Zealand’s Financial Service Providers Register (FSPR) and Australia’s Australian Securities and Investments Commission (ASIC), both under the name Best Leader Markets PTY LTD. However, no such registration exists in the New Zealand FSPR database, and the ASIC licence for Best Leader Markets PTY LTD has been formally cancelled.
