The other reason is that of the promises that KontoFX are making. Some are really unrealistic promises , but still, people believe them. Just to find out after a month or two, that they were actually a victim of a scam where they have lost a huge amount of money.

Reports are showing that all their information is misleading and not honest at all. From the fact that they have some terms and conditions that are ridiculous to promises that are impossible to keep. These are some of the reasons why you should stay away from KontoFX if you are looking for a cryptocurrency investment.

The first thing that you need to realize is that they are an unlicensed broker. This means that they can make and break rules as far as they can go. This is normally the first sign that there is something fishy with this broker.

Every legit and trustworthy broker is licensed and needs to obey all the rules and regulations of being a CFD broker.

The last thing that you want, is not to be able to withdraw your money from a broker when you need to get the money that you invested in. You can get the money paid into your account at any time. They have unusual withdraw terms and conditions that you will see immediately when you read the terms and conditions. And, this is a mistake that everyone makes.

Who really read the terms and conditions of a company before buying or using their services? Meaning that you will have huge problems for getting the money paid into your bank account. Most reliable services are making use of options like Neteller, Skrill, and PayPal. You can only make use of your visa, debit or credit card. This is normally easier and better to use than to use your visa, or credit card. There is not one single person that has left a positive feedback about this broker.

You will see that the company was reported a lot of times, because of scams. Reviews are negative , there are many complaints and reports against them. But, still, they are in business and scamming people out of money. KontoFX is offering some great services, with promises that might let you consider using them.

They are unlicensed brokers and they are not really paying profit out. This is one of the most popular CFD brokers, that is ending up stealing your money. So, before you consider making use of them, because of their promises, you need to make sure that you are getting all the facts. Facts that might show that they are fraudsters and they will steal your money, without thinking twice.

Send us a message if you have been scammed by Konto FX. Do not depend on single Hello everyone,are you interested to trade with binary options or you are looking for an expert to trade and manage your account for you or Do you have funds you wish to withdraw from your binary broker?

Kindly get in touch via adamwilson. trading consultant. Thanks to expert funds recovery for helping me to get back my lost money from those scam broker, i regret investing with them, but i was able to get back both my deposit and my profits, including all the amount i spent during the case against my scam broker, Mr ted and his team are very genuine and very honest , and i am so grateful meeting this company , if you have lost your money to any scam broker i will advice you to contact directly to the company below, for support and asistance to get back your lost funds ,feel free reach them on their website.

i got scammed by a broker recently it was difficult to get a withdrawal after many failed attempts i had to hire a refund solution company to get my money back very pleased with the results ashleybaninatgmaildotcom.

Absolutely DUBIOUS!!! HANDS OFF!!! After my last review few days ago I have no hesitation in calling this company a complete fraud. At the beginning it was ok, then there were unannounced rollovers, take profits with high losses instead of profits and no contact with customer service. With the terms and conditions, you quickly notice that the company does not want to keep customers long, for example, as a customer you only have 1 day to comment, otherwise the complaint will no longer be processed and further emails will be ignored!

High costs and a SLOW system during the important trading hours must also be expected here. I secured the help of a recovery specialist who helped me retrieve a fair amount of my lost funds without any hitch, and I would highly recommend the many others globally who have been affected or in similar situations to get in touch with Mrs, Robert robertslee gmail.

com …. Yes it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. I read an article on here reddit as regards to a recovery expert and genius so I reached out to One Standard Finance Company agent, and to my surprise I got all bitcoins recovered within 42hours frame. I read an article on reddit as regards to a recovery expert and genius so I reached out to Mr. Adam Wilson, and to my surprise I got all bitcoins recovered within 42hours frame.

Hello everyone it is possible to retrieve your stolen bitcoins. I read an article on reddit as regards to a recovery expert and genius so I reached out to One Standard Finance, and to my surprise I got all bitcoins recovered within 48hours frame. they kept on requesting for additional fees before withdrawal can be processed ,at the end i lost all my fund. All effort to reached out to their customer support was declined ,i was heart broken for over four months.

God so kind i was going through a broadcast on youtube and i came across a comment on how to get my lost fund back, i contacted the email provided. mrs maria instructed me to provide all the details about my broker who scammed me, which i did without delay. To my greatest surprised she helped me to recovered all the money i lost…. you can reach her on email mariajosh gmail. you can reach her on email mariajosh at gmail. com stakes its claim as the 1 FX broker in the U.

and that claim is validated by the latest June 30, CFTC Retail Forex Obligation report which "represents the total amount of funds at an FCM , RFED, or FCMRFD that would be obtained by combining all money, securities and property deposited by a retail forex customer into a retail forex account or accounts, adjusted for the realized and unrealized net profit or loss. com is for all types of traders seeking exposure to a wide array of products and asset classes but is a good fit for the high-volume trader.

Product offerings vary by region but the broker emphasizes fast and reliable execution, a variety of platforms, and account security. In the U. Pricing is transparent and easily found on FOREX. The spreads vary depending on the type of account the client chooses. clients on a "standard" account is 1 pip while "commission" and " STP Pro" accounts will show spreads of 0.

Regions outside the U. The DMA account offers no markup on spreads, but a commission is charged. Standard account and commission account traders may also benefit from the Active Trader Program. The program is not open to DMA account holders, as that account already has volume-based fee reductions.

com requires that the minimum initial deposit "is at least of your selected base currency," though they recommend a deposit of 2, so that the client has "more flexibility and better risk management" in their trading. As is the norm in the FX industry, clients may be charged swap fees on positions they hold overnight, which can be subject to currency conversion charges if they trade in a currency other than the account's base currency.

The website does not list additional fees for deposits or withdrawals. com's trading platforms accommodate the active day trading professional as well as the occasional longer-term trader.

Clients can choose between the downloadable advanced trading platform or MetaTrader 4 MT4 for a desktop experience, the web trader for a browser-based trading experience, or choose the FOREX. com or MT4 mobile app for trading on portable smart devices. com analysts. There aren't many drawbacks to the platforms.

There are a sufficient amount of indicators and drawing tools to satisfy the avid technical analyst, and the platforms are functional enough to make rapid-fire trades, if needed. The charting package is provided by TradingView and is, by far, the most impressive aspect of the web-based platform.

Placing trades on the web trader or the downloadable advanced trading platform is intuitive. Clients can trade directly from charts by right-clicking and selecting the "trade" option or by clicking on the "buy" and "sell" buttons along the top of the chart. This brings up an order window where the entry, stop loss, and profit target are set. One-click trading can be enabled for rapid trade execution.

Additionally, the trader can choose to make the stop loss a trailing stop loss order. The one difference between the web-based and downloadable offering is that guaranteed stop loss orders are only available on the latter and, furthermore, only for U. A FOREX. com account can also be integrated with NinjaTrader, a popular third-party trading platform.

VPS is available for MT4 accounts. Clients can use FOREX. com's API to connect in for their own strategies. MT4 and MT5 connectivity allows the use of automated strategies using MetaTrader algorithms. The mobile app is functional, providing traders with access to all their account information. Traders can add or withdraw funds, view trade history, create watchlists, access news, and view charts from the mobile app. It is also easy to navigate and set up. The charting feature is one of the drawbacks of the mobile app.

There are a limited number of common indicators available, such as RSI, MACD, and moving averages, but drawing functions and more advanced technical tools are missing. Full order functionality is available, including conditional orders and the ability to easily place stop losses and profit targets at the time of a trade.

Functional demo accounts are provided for free, giving potential clients time to assess the pricing structure before committing real capital. The one criticism of the broker's demo accounts is that they expire in 30 days and FOREX. com doesn't give the prospective client the option of extending or applying for a new one under the same credentials. The implication seems to be that you've had enough time to test our platform, so either open a funded "live" account or go elsewhere.

com provides access to a broad selection of financial instruments across a wide range of different asset classes, including:. The broker's website lists multiple ways that clients can contact FOREX. com, including online chat and live phone support, from 10 a.

ET on Sunday to 5 p. ET on Friday. FAQs and website client support were satisfactory, but repeated attempts to contact via "live chat" proved to be unsuccessful. Social media support is not available, although they do have social media accounts where they post market analysis and company information.

Phone support is the quickest way to have questions answered by a real person. There is a small menu to choose from at the start of the call. Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative. Email support is available for more in-depth questions but expect to wait one to three business days for a response.

com's educational offerings are on par with the industry standard and are well organized. Clients can access content according to their experience level, or thematically. All content, with the exception of "technical analysis" topics that are available on the platform, can only be accessed through the website. Client experience is divided into three categories—beginner, intermediate, and advanced, while themes range from the industry norm of providing market basics, such as fundamental and technical analysis, risk management, and trading strategies, to platform tutorials.

A comprehensive glossary is also available. New investors will find some helpful background information, but relying solely on FOREX. com's education to become proficient in the markets is unlikely. That said, the material covers all the major topics that a beginner should need to know. com does not provide a trading journal nor do they provide tax accounting tools on the platform. In keeping with the competition, FOREX.

com has recently incorporated a 'Performance Analytics' tool that analyzes clients trading behavior and past performance.

com's market analysis and insights are on par with industry standards and serve to connect traders to the markets and supplement its educational resources. com's platform offers Trading Central, a third-party vendor that provides technical analysis reports along with an economic calendar, Reuters news feed, and proprietary news and analysis market-wrap articles. Additionally, a margin calculator and an array of trading and charting tools can be found on all of its trading platforms.

The broker's "premium" and "pro" accounts have the option of receiving research tailored to the client's needs.

KontoFX was an unregulated Forex Broker, that opened in June Their website is not longer working! If you are having problems getting your money back, read this. Crypto Currency investors at KontoFX have access to the classic MetaTrader4 trading platform. This broker is offering investors a white label webtrader software that is made by Panda , as you can see in the screenshot below.

At this broker you will only find about 30 underlying assets for CFD trading, on digital coins like; Bitcoin, Ethereum, Dash, Cardano, Tether and Steller. You can find brokers with much tighter spreads and more assets, look here. Their website and customer support is available in English, German and Spanish. Mobile trading apps have been listed as coming soon since June.

KontoFX is NOT Licensed by FCA or ASIC. Look at the Best Forex Brokers. When the Scam Broker Investigator reviews a new Crypto Currency broker, we check for a valid licensed to know if they are another scam or a legitimate broker.

All brokers that operate in England must be licensed and authorised by the FCA. And all brokers in Australia, must hold a license from ASIC. KontoFX is not a regulated broker.

On Sept 29th the UK FCA published this warning , and on Feb 4th ASIC published this warning. Konto FX is owned by NTMT Transformatic Markets OU, located at: Harju maakond, Tallinn, Kesklinna linnaosa, Parda tn 4, Estonia. They are operated by: Northside Business Centres, 2nd and 4th floor, BC91 Office building, Váci út 91, Budapest , Hungary. For Real Automated Trading Software, look here. According to the brokers website, all withdrawal requests must be made in writing.

So make sure you send an email to all their email addresses. There is no automated withdrawal mechanism on their website, and all requests are manually processed.

Officially, your account needs to be verified, and your source of funds needs to be verified also. This is the cause for many headaches, as it seems that the verification requests are never ending. Smart investors should first compare their choices of online Forex brokers, and check the latest list of popular brokers.

ForTrade is the best broker for new investors, because their trading platform is simple to use, look here. ForTrade is a legitimate broker, since they are regulated by the FCA and ASIC, read more. Are you currently investing at Konto?

We would like to hear about your experience! Please share your thoughts in the comments section. Home Best Brokers Trading Apps Reviews Crypto Scams Complaints.

Menu Home Best Brokers Trading Apps Reviews Crypto Scams Complaints. KontoFX Broker Review Crypto Currency investors at KontoFX have access to the classic MetaTrader4 trading platform. KontoFX is NOT Licensed by FCA or ASIC Look at the Best Forex Brokers Is KontoFX a Regulated Broker? Software claiming to be featured on Dragons Den are all fake.

At this broker you will only find about 30 underlying assets for CFD trading, on digital coins like; Bitcoin, Ethereum, Dash, Cardano, Tether and Steller. Offers protection for U. In case you are having issues getting your a reimbursement, learn this. Adam Wilson, and to my surprise I got all bitcoins recovered within 42hours frame. com provides access to a broad selection of financial instruments across a wide range of different asset classes, including:. If you are still considering using them, you should make sure that you are reading this. Oldest Newest Most Voted.

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