KMAX
We checked KMAX against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report KMAX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.