KAB Kuwait Group Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this KAB Kuwait Group Review.
KAB Kuwait Group Review
KAB Kuwait Group (KABKG) is a forex broker, which appears to be under development. Portions on their website are incomplete and give little to no information on important issues. The company offers one account type as well as a swap-free (Islamic) account.
The Company. Security of Funds
KAB Kuwait Group is registered with the Ministry of Commerce in the State of Kuwait. Unlike some other brokers who claim this is their regulation, KAB is also registered under the Capital Markets Authority (CMA), the local financial watchdog.
As you may know, financial regulation is a rather important part of a broker’s credibility. Stringent financial watchdogs like the Cypriot Securities and Exchange Commission (CySEC) impose certain rules and principles on companies registered with them. One of them is the mandatory implementation of segregated accounts. This ruling forces companies to keep the funds of their clients separate from the company’s, meaning they could not be spent on company expenses. Another key practice is the implementation of a compensation scheme – a mechanism which functions similarly yo insurance and guarantees accounts against the broker going bankrupt. If you have an account with a CySEC regulated forex broker, your funds are covered up to EUR 20,000. We are not entirely familiar with the rules which Kuwait’s Capital Markets Authority enforces. That being said trading with KABKG is certainly better than doing so with an unregulated company.
On the other hand, KAB Kuwait Group feels like a new company and so does their website.
KAB Kuwait Group Review Conclusion
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