Reason for this visit

Despite being in a small scale, New Zealand's forex market is relatively efficient, with gradually declining spreads trading. The comparatively low intraday trading volume in the market is largely made during the London and New York session. Forex brokers in New Zealand are required to be licensed and regulated by the central bank, which demands that brokers should provide adequate risk disclosure and investor education. In recent years, smaller local brokers have faced competitive pressure from foreign brokers, with the rapid development of trading automation and mobile trading. In order to help investors or practitioners have a more comprehensive understanding of the country's forex brokers, WikiFX survey team is going to New Zealand for on-site visits to local companies.

On-site visit

In this issue, the survey team went to New Zealand to visit forex broker KVB Global as planned according to its regulatory address that Suite 2403, Level 24, 120 Albert Street, Huawei Centre, Auckland Central, Auckland 1010.

On September 23rd, 2023, the investigators came to Huawei Centre at 120 Albert Street in Auckland CBD in the North Island of New Zealand. The high-rise landmark building boasts a fabulous location closed to the primary commercial streets, including Queen Street, Victoria Street, and Wellesley Street. The directory in front of the building doesnt display any information regarding broker KVB Global.

After entering the building, the survey personnel spotted a reception area and a lobby directory which displayed that KVB Global was situated on the 24th floor.

And then the survey team reached the 24th floor by elevator, and saw the company name and logo of KVB Global at room 2403. Despite the fact that the room was illuminated, there was no staff in the office. And people werent allowed to enter the office without an access card.

Through an on-site investigation, it is confirmed that KVB Global has a physical presence at the place.

Conclusion

The survey team went to New Zealand to visit forex broker KVB Global as scheduled, and found the companys name at its regulatory address. This indicates that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible choice based on a comprehensive consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.