Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighGenuinely a Kuwait CMA licensed person, proved by the CMA's own 2022 disciplinary decision, but the licence does not cover the retail forex product sold, we could not confirm the current status on the register, and the site advertised a chamber of commerce membership as its regulation.
Identity & transparency
3/10 · LowNamed Kuwaiti company on the corporate record since 2000, commercial registration 82259, a real Al-Hamra Tower office, a board chair named in a public regulator decision, and published governance and organisational documents.
Withdrawals & conduct
5/10 · ModerateOne credible fund integrity report from February 2022 involving 200 US dollars, with no corroborating pattern on a second platform, alongside a regulator finding that company money was mixed into a client account.
Reputation
6/10 · HighAlmost no independent footprint for a firm claiming twenty years and dozens of staff, no Trustpilot profile at all, and a widely reported regulator fine in the Arabic financial press.
Website claims
7/10 · HighThe Regulation page presented a chamber of commerce membership as financial regulation with no link to any public register, and the homepage promised fully segregated client funds for the same period in which the regulator found a segregation breach.
Operational history
4/10 · ModerateClose to twenty years of verified continuous history on one domain under one brand, credited in full, but the operation has gone dark since May 2026 and the group's European arm wound down in 2023.
Who they are
A quick desk file on the company behind the brand.
- Brand: KAB Kuwait Group (also shown as KAB Brokerage)
- Legal entity: KAB Kuwait Group for Financial Brokerage KSCC
- Registered: Kuwait, on the corporate record since 2000, commercial registration 82259
- Head office: Al-Hamra Tower, Floor 42, Office C, Al-Shuhada Street, Sharq, Kuwait City, with a second address in Downtown Dubai
- Website: kabkg.com, registered on 20 November 2006 and running the KAB brand since at least May 2007. It is currently not serving a site.
- Licences named: Kuwait Chamber of Commerce and Industry MM/673/200 on the site itself, and a Kuwait Capital Markets Authority licence quoted by third party listings as AP/2017/004
- Offered: MetaTrader 5, more than 300 instruments, forex, metals, oil, indices, shares and crypto, leverage up to 1:300
- Group: the KAB name also sat on KAB Strategy Ltd in Cyprus, which gave up its CySEC licence in 2023
- Age claim: since 2002, and over 20 years of experience
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Kuwait Chamber of Commerce and Industry
Found by our investigation (1) — the broker does not list these on its own site
Capital Markets Authority (Kuwait)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We did not find fraud. We found a real company with real problems, and a service we can no longer check because it has stopped running.
- The company is real and it is old. A corporate record lists KAB Kuwait Group for Financial Brokerage KSCC as established in Kuwait in 2000. The domain kabkg.com was registered on 20 November 2006 and has carried the KAB Kuwait Group name continuously since May 2007. That is close to twenty years of unbroken history under one brand and one address. Scam shells do not have that.
- It really is supervised by Kuwait's Capital Markets Authority. Several broker directories say KAB is regulated by nobody. That is wrong. On 10 January 2022 the CMA published Disciplinary Board decision 2021/84, which fined the company 3,000 Kuwaiti dinars and its board chair, Lamia Zaid Al-Khaled, a further 1,000 dinars. A regulator only disciplines firms it licenses.
- But that same decision is bad news. The CMA found three breaches by the company. It took cash from related parties to hold up its liquidity and left those amounts out of its financial statements for the period ended 30 September 2020. It placed 3.9 million US dollars of company money into one of its US dollar client accounts, which breaks the separation between company money and client money. And it failed to run proper checks on a client whose trading pattern did not match the income he had declared.
- The site promised the opposite of what the regulator found. The homepage told clients their funds were completely segregated from the company's operational funds. The regulator found a segregation breach for the same period. That is the broker contradicting itself against an official record.
- The licence does not cover what the site was selling. Kuwait's CMA has stated publicly that it has no competence over brokerage in forex, metals or commodities. So a CMA licence, however genuine, does not sit behind a 1:300 leveraged forex and CFD account. Nobody was supervising that part of the business.
- The Regulation page dressed up a trade body as a regulator. The only licence the site actually printed under its Regulation heading was Kuwait Chamber of Commerce and Industry number MM/673/200. That is a business membership licence. It gives a client no protection and no compensation. The page linked to two PDFs the company hosted itself, and to no regulator's public register.
- The site is now dark. On 29 August 2026 kabkg.com returns a blank default hosting page instead of a website. The last working version we can find is dated 15 May 2026. For anyone who still holds a balance, a broker whose website has simply stopped is a live problem, not a technicality.
- The group has been shrinking. The affiliated Cyprus firm KAB Strategy Ltd, licence 058/05, gave up its CySEC authorisation in 2023 and now appears on the register of former investment firms. The group's only European licence is gone.
- Almost nobody has reviewed it. There is no Trustpilot page for kabkg.com at all. Forex Peace Army has a listing with no reviews. We found one substantive money complaint, from Argentina in February 2022, about a 200 dollar deposit that vanished. One report on one platform is not a pattern, and we do not treat it as one. But a firm claiming over twenty years and dozens of staff should leave more trace than this.
- Why 55 percent and not higher. There is no regulator warning naming this firm, no clone, no borrowed licence number, no fake address and no group of victims describing the same trap. What there is: a real supervisory failure on client money, a product sold outside anyone's remit, a misleading regulation page and a service that has gone offline. That is high risk, not proven fraud.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Kuwait's Capital Markets Authority published Disciplinary Board decision 2021/84 on 10 January 2022, fining KAB Kuwait Group for Financial Brokerage 3,000 dinars and its board chair Lamia Zaid Al-Khaled 1,000 dinars for breaching the client funds and assets rules and the anti money laundering rules.
E2The same decision records that the company placed 3.9 million US dollars of its own funds, about 1,181,700 Kuwaiti dinars, into one of its US dollar client accounts, which defeats the separation of company money from client money.
E3The broker's own homepage told clients that their funds are segregated completely from the operational funds of the company and will not be used in its operation, which contradicts the regulator's finding for the same period.
E4The broker's Regulation page listed only one licence, from the Kuwait Chamber of Commerce and Industry, number MM/673/200 with commercial registration 82259, and linked to two PDFs hosted by the company rather than to any regulator's public register.
E5Kuwait's Capital Markets Authority has stated that it lacks competence to control brokerage activity in forex trading, metals or commodities, so no Kuwaiti licence covers the leveraged forex and CFD accounts this site sold.
ModerateKuwait broker regulation guideE6As of 29 August 2026 the address kabkg.com serves a blank default hosting page instead of a website, and a sub page that search engines still index returns nothing.
E7Archived captures of kabkg.com run continuously from 3 May 2007 to 15 May 2026, with the earliest page already titled KAB Kuwait Group, showing an unbroken brand history of about nineteen years on the same domain.
E8The domain kabkg.com was registered on 20 November 2006 through NameCheap and remains registered until November 2027, with no gap suggesting it was dropped and re-registered.
E9A corporate record lists KAB Kuwait Group for Financial Brokerage KSCC as a Kuwaiti private company established in 2000 in Hawalli, Kuwait, operating in financial services.
E10The affiliated Cyprus firm KAB Strategy Ltd, licence 058/05, registration HE 165975, authorised on 16 June 2005 and operating kabonline.com, now appears on the CySEC list of former investment firms after voluntarily giving up its authorisation.
E11The company's LinkedIn page lists kabkg.com as its website, a founding year of 2002, 11 to 50 employees, and a head office at Al-Hamra Tower, Floor 42, Office C on Al-Shuhada Street in Sharq, Kuwait, with a second address in Downtown Dubai.
ModerateKAB Kuwait Group company pageE12Trustpilot has no review page for kabkg.com at all, and the Forex Peace Army listing for the brand carries no reviews, so there is almost no independent user record either for or against the broker.
E13A broker review service classifies KAB Kuwait as unregulated for forex and marks the operation as suspected inactive, recording one user query from July 2022 about its regulatory status.
E14A single client report published on a third-party broker directory in February 2022 describes a 200 US dollar deposit that could not be recovered and pressure to deposit more before funds would be released. It is one account on one platform and is not corroborated elsewhere.
WeakA third-party broker directory
The other side
The strongest case in this broker’s favour.
The fair case for KAB Kuwait Group, and it is a real one.
- This is not a scam shell. The company has been on the Kuwaiti corporate record since 2000 and the brand has held the same domain since 2006. Twenty year old brands with one address are almost never fabrications.
- The people are named and findable. The board chair appears by name in a public regulator decision. The registered office is a floor in Al-Hamra Tower, one of Kuwait City's landmark buildings, not a mailbox.
- It publishes what a supervised firm publishes: a governance report, an organisational structure, an investor affairs unit policy, a brokerage policies and procedures document and a written complaints form. Boiler rooms do not file governance reports.
- It answers to a real government regulator. Being fined is unpleasant, but it also proves supervision exists and works. Many offshore brokers we review have no authority above them at all.
- The fine was small. Three breaches at 1,000 dinars each is an administrative penalty, not a fraud finding. The CMA did not allege theft of client money, and the segregation breach ran the unusual way round, with company money going into a client account rather than client money going out.
- The complaint record is close to empty. One 200 dollar report from 2022 is all we could find in a four year sweep. If this firm were systematically refusing withdrawals, we would expect a visible trail, and there is not one.
- Kuwait's regulatory gap is not the broker's invention. The CMA genuinely does not license retail forex. A Kuwaiti firm wanting to offer it has no local licence to obtain, so operating under its securities licence and a chamber of commerce registration is what the local market allows rather than a deliberate deception.
- A site going offline can be an ordinary hosting or migration failure, or a planned wind down with clients paid out. We have no evidence either way, and we should not assume the worst version.
What would change this
What we would need to see to revise the verdict.
These are the specific things that would move this verdict, in either direction.
- Towards lower risk: a current entry for KAB Kuwait Group for Financial Brokerage on the Kuwait CMA public register of licensed persons, showing the licence active and stating the permitted activities.
- The site returning to normal service with a working client area, and clients confirming that withdrawals were paid throughout the outage.
- A public statement from the company or the CMA explaining the outage, or confirming an orderly wind down with client funds returned.
- A regulation page that links directly to the CMA register entry instead of to self hosted PDFs, and that stops presenting a chamber of commerce membership as regulation.
- Independent evidence that client money segregation was corrected after the 2022 decision, such as a clean follow up inspection or a later governance report.
- Towards higher risk: a CMA notice cancelling or suspending the licence, or the company appearing on the CMA list of entities restricted from securities activity.
- Three or more clients on separate platforms describing the same withdrawal failure with amounts and dates, especially after May 2026.
- Any credible report of the company asking a client for an extra payment, a tax or a fee before releasing funds. That single pattern would change the verdict on its own.
- Evidence that the brand has reappeared on a new domain while balances from the old one were never paid out.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Kuwait CMA disciplinary decision 2021/84 naming the company
The regulator's own announcement of the fine for client money and anti money laundering breaches.
Corporate record for KAB Kuwait Group for Financial Brokerage KSCC
Confirms the Kuwaiti legal entity and that it was established in 2000.
CySEC register entry for the affiliated Cyprus firm KAB Strategy Ltd
Shows the group's European licence 058/05 is now listed among former investment firms.
Background on what Kuwait's Capital Markets Authority does and does not regulate
Explains that the CMA does not license retail forex brokerage.
Archived copy of the broker's own Regulation page
The page as it stood, naming only the Kuwait Chamber of Commerce licence.
Frequently asked questions
Quick answers about this broker’s safety.
Is KAB Kuwait Group a scam?
We found no evidence of fraud. It is a genuine Kuwaiti company that has existed since 2000 and is licensed by Kuwait's Capital Markets Authority. But it is high risk: its regulator fined it in 2022 over client money handling, its forex product was not covered by any financial regulator, and its website has stopped working.
Is KAB Kuwait Group regulated?
Partly. The company is a licensed person of Kuwait's Capital Markets Authority, which is proved by the CMA's own disciplinary decision against it. However the CMA has said publicly that it does not supervise brokerage in forex, metals or commodities, so the leveraged trading accounts the site sold were outside that supervision.
What is the Kuwait Chamber of Commerce and Industry licence MM/673/200 worth?
Very little for a trader. A chamber of commerce is a business membership and trade body, not a financial regulator. It does not audit client money, does not set capital rules and runs no compensation scheme. Showing that number under a Regulation heading is misleading.
Why is the kabkg.com website not loading?
As of 29 August 2026 the address returns a blank default hosting page instead of a website. The last working copy we can find is dated 15 May 2026. We do not know whether this is a technical failure, a migration or a wind down, and the company has published no explanation.
Can I still withdraw my money from KAB?
We cannot confirm that anyone can. With no client area online, the only routes left are the published email info@kabkg.com and phone number +965 22911186. Put your request in writing, keep copies, and escalate to Kuwait's Capital Markets Authority if you get no proper answer.
Was my money kept separate from the company's money?
Not entirely, at least once. In January 2022 the CMA found the company had placed 3.9 million US dollars of its own funds into one of its US dollar client accounts, which breaks the rule that company money and client money must be kept apart. It also found undisclosed cash injections from related parties used to prop up liquidity.
How old is KAB Kuwait Group really?
Genuinely old. A corporate record shows the Kuwaiti company was established in 2000, the domain was registered in November 2006, and archived copies show the KAB Kuwait Group brand on that domain from May 2007 onwards. The site's claim of trading since 2002 is consistent with this, which is unusual and counts in the firm's favour.
Is KAB Kuwait Group a clone of another broker?
No. Everything checks out to the same operation: the domain, the company name, the Kuwait City address, the phone number and the social accounts all match one another. We found no borrowed licence number and no impersonation of a better known firm.
What happened to the Cyprus company KAB Strategy?
KAB Strategy Ltd held CySEC licence 058/05 from June 2005 and operated kabonline.com. It voluntarily gave up that licence in 2023 and now appears on the CySEC list of former investment firms. That was the group's only European authorisation, and it no longer exists.
Are there many complaints about KAB Kuwait Group?
Surprisingly few. There is no Trustpilot page for the domain and no reviews on Forex Peace Army. We found one detailed money complaint, from Argentina in February 2022, about a 200 dollar deposit. One report on one platform is not a pattern, so we have not scored it as one.
Why is the risk score 55 percent if you found no fraud?
Because the score reflects risk, not guilt. A real regulator finding on client money, a product nobody supervised, a regulation page that oversold a trade body membership, and a service that has gone offline together make this a broker we cannot call safe. None of it proves theft.
What should I check before depositing with any Kuwait based forex broker?
Ask which authority licenses the actual forex activity, not the company in general. Kuwait's CMA does not license retail forex, so look for a licence from a regulator that does, then type the licence number into that regulator's own public register yourself. If the broker only links to PDFs it hosts, treat that as a warning.
What we recommend
The practical takeaway from everything above.
Treat KAB Kuwait Group as a broker you cannot currently use or verify, and act on that.
- Do not send new money. There is no working website, so there is no service to buy and no reliable way to get funds back out.
- If you hold a balance, act now and in writing. Email info@kabkg.com and call the published number on +965 22911186, and keep copies of everything you send.
- Put your request in the company's own complaints process first. It published a written client complaints form and an investor affairs unit policy, and using them creates a dated record.
- If there is no proper answer, escalate to Kuwait's Capital Markets Authority. It is the authority that licensed this company and it has already disciplined it once for client money handling.
- Gather your evidence before you escalate: account statements, deposit receipts, transfer references, ticket numbers and the names of anyone who dealt with you.
- Ignore anyone who contacts you offering to recover your money for an upfront fee. Firms in trouble attract recovery scams, and that second loss is usually larger than the first.
- For new trading, choose a broker whose licence actually covers leveraged forex and CFDs, and check the number yourself on the regulator's own register before depositing.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 29, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.