Kingston Trading Review (2023)

Is Kingston Trading a scam or a legit broker?

Kingston Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

Kingston Trading is an investment and independent broker-dealer that claims its proprietary trading desks to serve institutional and high net worth clients that operate since 2013. The mentioned headquarter of Kingston Trading in Hong Kong, while enabled operation covers international trading and investment capabilities.

However, in Hong Kong in order to deliver investment service and trading capabilities, the firm should hold a license from local authority SFC. The registration process and a proper licensing of the broker ensures the company is a trustable one, as to maintain necessary capital requirements, enable customer protective tools and regularly checked in terms of performance. Otherwise, there is no guarantee the broker is a pure scam or another trap to take of traders funds.

In the case of Kingston Trading, there are no so many reviews about the company trading environment, which is rather suspicious than confirming its good status. In addition, the company received its legal warning from SFC as claims its operation in Hong Kong without permission.

“Kingston Trading which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong.”

SFC, Hong Kong. December 2018.  

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more.

Conclusion

In other words, we advise all investors and traders to avoid Kingston Trading and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari, FXPrimus  (See FXPrimus review here) and XM.com.

You can also share your trading experience with Kingston Trading by commenting on this review.