ANSWER KaiaFX is not a regulated platform and thus we strongly suggest you avoid dealing with this non-regulated broker.KaiaFX claims that it is operated by KaiaFX Enterprise LLC, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 1917. While we did find corresponding records on the SVG FSA register, it is critical to note that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities. Consequently, KaiaFX remains unsupervised by the relevant regulatory body.In conclusion, investors, if using KaiaFX, are exposed to significant risks, such as financial losses and identity theft. Without regulatory oversight, there are no rules in place to safeguard investors' interests. Therefore, we highly recommend steering clear of unregulated brokers like KaiaFX and instead choose a fully regulated one.
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