Reported as a scam / unregulated
Why Kite Forex is on the register
Kite Forex’s website states only that Kite Forex is a trading name of Kiteforex Ltd and claims registration with the Financial Services Authority (FSA) of St. Vincent and the Grenadines . However, our search of the SVG FSA registry found no record of Kiteforex Ltd. Even if such a registration existed, it would only indicate an International Business Company (IBC) status, not a financial or forex license , as the SVG FSA does not regulate trading activities. Kite Forex also mentions having offices in Taiwan and Australia , yet a check of the registry of the Australian Securities & Investments Commission(ASIC) yielded no matching entity . There is no evidence of regulation by any credible authority. Therefore, Kite Forex appears to be 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.