KonohaFX Review : Fees, Pros and Cons, Reviews by Real Traders

KonohaFX

Operating status: SCAM

Website: https://konohafx.io/

Broker violations and abnormal records

Apr 03, 2023 BrokersView has Reviewed that KonohaFX is an Unregulated Broker
KonohaFX claims to be a trustwothy broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker is located in Cyprus and offers customer services from the UK and Australia. However, we did not find any regulatory information about KonohaFX from the registry of the Cyprus Securities and Exchange Commission (CySEC), the United Kingdom Financial Conduct Authority (UK FCA), and the Australian Securities & Investment Commission (ASIC).
The truth is that KonohaFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

KonohaFX claims to be a trustwothy broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.According to its website, the broker is located in Cyprus and offers customer services from the UK and Australia. However, we did not find any regulatory information about KonohaFX from the registry of the Cyprus Securities and Exchange Commission (CySEC), the United Kingdom Financial Conduct Authority (UK FCA), and the Australian Securities & Investment Commission (ASIC).The truth is that KonohaFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Apr 29, 2024 The FCA issues a warning against KonohaFX
On 30 April, 2024, the Financial Conduct Authority (FCA) issued a warning against KonohaFX, flagging it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/konohafx

On 30 April, 2024, the Financial Conduct Authority (FCA) issued a warning against KonohaFX, flagging it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/konohafx

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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