Reported as a scam / unregulated
Why KAB Kuwait is on the register
KAB Kuwait is not a regulated broker even though it states offers that look good to be true. KAB Kuwait claims to be owned and operated by KAB Kuwait Group, a group licensed by the Kuwait Chamber of Commerce and Industry (license number: MM/673/300) and the Capital Markets Authority of Kuwait (license number: AP/2017/004). But please be informed that the above two authorities do not regulate forex. The truth is that KAB Kuwait is not under valid regulation by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.