Kong Shing
We checked Kong Shing against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Kong Shing claims to operate as Kong Shing Wealth Company Limited, which is registered in St Vincent and the Grenadines (SVG) and allegedly 'regulated' by the SVG Financial Services Authority (FSA). However, our investigation found no record of this entity in the official SVG registry. Furthermore, the SVG FSA does not regulate foreign exchange (forex) or financial trading activities; it only administers the registration of International Business Companies (IBCs). Therefore, any claim to be 'regulated' by the SVG FSA is misleading. Furthermore, Kong Shing displays two regulatory certificates asserting that it holds licences from New Zealand's Financial Service Providers Register (FSPR) and Australia's Australian Securities and Investments Commission (ASIC), both under the name Best Leader Markets PTY LTD. However, no such registration exists in the New Zealand FSPR database, and the ASIC licence for Best Leader Markets PTY LTD has been formally cancelled. Additionally, despite implying operations in Comoros, Kong Shing holds no valid authorisation from any regulatory body in that jurisdiction. In summary, Kong Shing appears to have no legitimate regulatory oversight and is likely 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 Kong Shing.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.