Konto FX, hosted at KontoFX.com, is a foreign exchange brokerage scam.
Operating without regulation, Konto FX solicits prospective online day traders to “invest” with their platform only to steal their hard-earned money shortly after.
During the time of writing this review, Konto FX was highly regarded as an untrustworthy investment brokerage that should be avoided.
As you will soon find out throughout the course of this unbiased review, what others are saying about Konto FX are true.
Gather the facts along with an overall scope regarding the community verdict relating to Konto FX by continuing to read onward.
About Konto FX
Konto FX is an unlicensed and unregulated investment brokerage.
According to their site, they function as a foreign exchange brokerage that supports many assets including cryptocurrencies.
Among the category of assets supported would be pair options, stock options, indices and commodities, currency pairs along with cryptocurrency pair options.
Since Konto FX functions as an option-based platform, their investment platform may employ derivative trading values for some of their assets which may reflect deviations from real-time market values.
Trading Platform & Features
Konto FX is most notorious for marketing their platform is a Bitcoin, Ethereum and other digital currency investment haven when in reality they just steal their investors money.
To add, Konto FX doesn’t deviate much from other scam brokerages that we have encounter.
Like with most scams, Konto FX employs an out-dated and non-proprietary charting solution and investment platform into their site structure.
They go on to claim that they use “state-of-the-art” technology but sadly that is most definitely not the case.
Apart from offering a foreign exchange style of trading, Konto FX doesn’t not have much to offer since they don’t employ a Copy Trader, Demo Accounts, Strategy Center or anything of investor value unless traders deposit much more into their platform.
Sure they offer a standard run-of-the-mill educational center but it was feasibly constructed and includes fundamental information that can be found anywhere on the web.
As we previously stated, Konto FX requires a minimum deposit of $250.
For the time being, Konto FX currently offers the following trading accounts:
- Trade on your Own
- Spread from 0.6 pips
- 24/5 Customer Support
- Access to their Online Academy
- 24/5 Customer Support
- Access to more thorough online academy
- No promise of ROI and guaranteed returns
- Konto FX Robot trades automatically for you
Social Trading Account
- 24/5 Live Customer Support
- Copy trading features become available
- Allegedly best for inexperienced day traders
As you can see, Konto FX incorporates an incentivized platform that aims to make consumers deposit as much into their platform as possible yet they don’t share any information relating to minimum deposit requirements.
However, Konto FX doesn’t stop there.
According to consumers, many of them have experienced high-pressured sales tactics in the attempt to get them to deposit more money into their platform.
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Who is Behind Konto FX?
When investigating further into NTMT Transformatic Markets OU we were unable to verify the authenticity of this corporate entity.
When researching their alleged address of “Harju maakond, Tallinn, Kesklinna linnaosa, Parda tn 4, 10151” though we find that the address is associated with a number of cryptocurrency entities such as the following:
- Local XE (LocalXE.com)
- Memority Platform (memority.io)
- Vemarkets (vemarkets.com)
- Gozo (gozo.io)
That same address also matched the corporate address of Grau International Ou, which is a verifiable corporate entity under registry code 14482296.
Whether Konto FX is trying to portray a fictitious corporate entity as legitimate we are unsure, but that is a common trait we encounter when reviewing brokerage scams similar to Konto FX.
Konto FX Complaints
Konto FX has been declared a scam by the majority of online review portals.
Online review platforms that go on to support Konto FX are nothing more than scam operations themselves likely getting heavily compensated off of your deception.
According to TrustPilot, Konto FX reflects an average rating while below are some of the most relevant reviews we found across the net:
“Doesn’t matter whether the increase your funds they will NEVE let you WITHDRAW any funds!!!”
“Invested with KontoFX. Dead set scam.Dante is my contact and haven’t heard from for a couple of days. Don’t go anywhere near them!”
“I watched their video and thought it looked very legit. Just sorry that I didn’t do my homework properly. When I transferred the 250 Euros, I got a very frantic call from a support agent saying that my husband must immediately send them ALL his money and in that minute I realised I was scammed. I did not open the account because I do not want scammers to have access to my private details but my money is lost. Stay away people! Bad unregulated company that should go to jail.”
More relevant consumer reviews can be found at ForexBrokerz.
It should be made aware that Konto FX may appear to be leaving positive “user” reviews on their own behalf at TrustPilot, make sure to swift through reviews cautiously if so.
Konto FX was a privately acquired domain that was registered on March 14th, 2018 through the NameCheap, Inc registrar.
According to SimilarWeb, KontoFX reflects a global rank of 314,476 with a Germany rank of 66,522 as of December 10th, 2018.
Here were the following demographic breakdown for KontoFx top visited locations: Germany (26.39%), United Kingdom (17.50%), Australia (16.42%), Austria (12.61%) and Switzerland (5.47%).
Is Konto FX Legit?
Given the lack of unverifiable ownership information coupled with the excessive complaints filed against Konto FX we do not believe their brokerage to be legit.
Konto FX Scam Review
Konto FX is an unregulated and unlicensed investment brokerage that is stealing money from their own online traders.
For whatever reasons they may provide, just know that Konto FX will try to squeeze more money out of you at every chance given.
Just understand that none of their reasons are legitimate and that they are solely trying to milk you out of as much money as possible.
Don’t become a statistic by falling victim for the Konto FX scam, do yourself and others a courtesy by sharing this review and avoiding this malicious scam!
Outcome: Konto FX is a SCAM!
We invite you to share any feedback, experiences or insight you may have!