Reported as a scam / unregulated
Why KUD is on the register
KUD claims to be a registered broker with authorization from the United Kingdom Financial Services Authority (FSA) under registration number 220929. But as forex traders, you should know that the current forex regulator in the United Kingdom is Financial Conduct Authority (FCA) not FSA. So when we searched in FCA, with no doubts, we did not find any match results to this broker in FCA. Besides, KUD shows its company address is in Hong Kong. As per relevant law, all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). But we did not find any match results to KUD in HK SFC. The truth is, KUD is not under valid regulation by any regulators to do forex. 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.