KonohaFX Review 2025
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Updated:
Reason to avoid: No license
Listed Date: January 31, 2023
Top 3 Forex Brokers
Beware KonohaFX is a Non-Regulated Broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: No license
Listed Date: January 31, 2023
Beware KonohaFX is a Non-Regulated Broker. It is NOT SAFE to trade.
KonohaFX is not a safe broker to trade with. Although the broker tries to position itself as a trustworthy broker with favorable conditions, it still does not hold any licenses, which is an immediate red flag for any broker. Services offered by KonohaFX are questionable and non-transparent. Besides many traders claiming KonohaFX scam operations and fraudulent activity.
🗺️ Registered in | Not registered |
🗺️ Type of License | No license |
🛡️ Is KonohaFX safe to trade? | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
KonohaFX is an unregulated Forex broker that offers its services throughout the Forex, Crypto, Indices, and Commodities markets. The company states that it accepts clients worldwide, providing very low spreads, supportive customer 24/5 service, and other favorable conditions.
However, all of the mentioned is just an attractive representation. In reality, the broker has many safety and regulation issues, that should scare away traders.
Taking into account our revelations on the safety of KonohaFX, we do not rank positively KonohaFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and numerous negative reviews from traders.
Ranking | KonohaFX | XM | HFM |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Conditions | Trading Environment |
Based on our revelations of KonohaFX safety and regulations issues, here are much better Alternatives to KonohaFX with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below:
With KonohaFX there are two main types of funding trading accounts: Credit cards and Wire transfers.
The minimum deposit is $250.
We strongly recommend to avoid non-regulated or offshore entities and avoiding KonohaFX at all means in case any offer came up. There are numerous complaints from traders in different jurisdictions based on our finds so KonohaFX isn’t a reliable Broker.
We advise traders to invest only with brokers holding licenses from authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as FP Markets, BDSwiss, and HFM.
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I have had lawyers in Barbados and zcyprus make enquiries to find them. Tas they are not regulated both lawyers came up with nothing.
KonhaFX is a complete scam and they have duped me big me big time. My account manager, Danny Green talked me into sending money to the account and then when I wanted to take my money out he cancelled the withdrawal request many times and then took all my money. THE COMPANY IS A VERY BIG SCAM.
Have you been able to locate their whereabouts?
I am following every lead I can