ANSWER Kingston Trading is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Kingston Trading claims to be an independent broker-dealer and investment advisor headquartered in Hong Kong. Therefore, it is required to be regulated and authorized by the HK Securities and Futures Commission (SFC). However, no corresponding records exist in the HK SFC registry, suggesting Kingston Trading is unsupervised by the relevant regulatory body.Regarding your question, our advice is not to deal with Kingston Trading due to its status as an unlicensed broker. It comes with significant risks including loss of funds and identity theft, as there are no rules in place to protect investors from fraud or theft. To avoid such risks, we suggest investors to choose a fully regulated broker.
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