Reported Website: https://konohafx.io/
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.
