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Untomi Forex Trading

Operating status: SCAM

Website: https://untomi.co/

Broker violations and abnormal records
  • Sep 03, 2023 BrokersView has reviewed that Untomi Forex Trading is an unregulated broker

    Untomi Forex Trading claims that it was founded in 2015, but its domain ("untomi.co") is first registered in April 2023. This contradictory situation is a red flag.

    While the platform claims to be headquartered in Japan and regulated by the country's Financial Services Authority (FSA), there are no corresponding records in the Japan FSA's database. It is a false statement.

    It even purports that it is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (Cyprus SEC). But we have been unable to locate a firm called Untomi in the registers of the abovementioned regulators.

    In essence, Untomi Forex Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Untomi Forex Trading is unequivocally a scam.

    Untomi Forex Trading claims that it was founded in 2015, but its domain ("untomi.co") is first registered in April 2023. This contradictory situation is a red flag.While the platform claims to be headquartered in Japan and regulated by the country's Financial Services Authority (FSA), there are no corresponding records in the Japan FSA's database. It is a false statement.It even purports that it is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (Cyprus SEC). But we have been unable to locate a firm called Untomi in the registers of the abovementioned regulators.In essence, Untomi Forex Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Untomi Forex Trading is unequivocally a scam.

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Risk Warning:

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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