Reported as a scam / unregulated
Why KMAX is on the register
KMAX purports to be a broker that trades in a variety of assets, including Cryptos, Forex pairs, Commodities, Stocks, and Indices. It asserts that it is registered as a Financial Service Provider in New Zealand, under NZBN 9429050283903. However, based on the information available on the Financial Service Providers Register’s website, the company is not licensed by the New Zealand Financial Markets Authority (NZ FMA) as a “Derivatives Issuer”. Consequently, it is not permitted to offer financial services in forex and derivatives trading. In essence, KMAX is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. KMAX 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.