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Institutional Nature:
The Kuwait Chamber of Commerce and Industry (KCCI) is a non-profit, self-financing private institution representing the interests of Kuwaiti businessmen and industrialists. Subscription and certification fees are its main source of revenue.
Institutional History:
KCCI was established in 1959.
Institutional Functions:
KCCI is not a regulatory body, has no regulatory authority, and plays a consultative role in economic affairs.
The KCCI is not a government agency, nor a regulator, and does not regulate foreign exchange.
Generally speaking, KCCI-regulated broker profile will be found at the ALBOOM SEARCH page on KCCI website. Try to find it and check if it will match the info from the broker website.
The detailed steps are as below:
1. Find the company registration number or name of the forex broker, which you can get from the broker's website;
2. Go to https://www.ekcci.org.kw/newweb/# and select "Search by Companies" under "ALBOOM SEARCH";
3. Enter the company name or company registration number to search;
4. Check the company details.
The KCCI has no rules on complaints, so investors had better contact the financial company that provides the service.
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