KVB Global has recently come under scrutiny. Located in Hong Kong but regulated in New Zealand, KVB Global claims to offer a wide range of financial services for Chinese individuals and enterprises worldwide. However, its questionable behavior and regulatory status have raised concerns within the industry. One of the most alarming aspects of KVB Global is its regulatory status or rather the lack thereof. The broker operates under the regulatory umbrella of New Zealand, specifically the Financial Service Providers Register (FSPR), under a non-Forex license (license number: 1782). This means that it falls outside the standard regulations for forex trading. Additionally, KVB Global is not regulated by the Australian Securities and Investments Commission (ASIC), even though it exceeds the business scope regulated by ASIC. KVB Global's suspicious regulatory status, user complaints, unconventional financial practices, and lack of transparency in terms of leverage and spreads have raised significant concerns within the industry. The low rating from WikiFX only serves to underscore the red flags associated with this broker. Traders are strongly advised to exercise caution and explore more reputable and transparent alternatives in the market. The risks associated with trading through KVB Global appear to outweigh any potential benefits it may offer.