KonohaFX Broker Review

Are You Curious About KonohaFX?

KonohaFX is a broker that promises visitors trading success, but it doesn’t provide any reason to trust them. First of all, they don’t have a license. This is the first red flag we noticed, but there were more. This broker had very high leverage at 1:400, which is dangerous for traders and can put them at risk of losing money. In addition, KonohaFX offers WebTrader but not MetaTrader. MT4 and 5 are a high standard for trading, however, WebTrader can be easily misused by scam brokers to display fake trading. 

Do You Want to Know if KonohaFX Is a Legitimate or a Scam Broker?

KonohaFX doesn’t provide any transparency about who runs this brokerage. Worse, its terms and conditions say that accounts can be closed if the broker feels the client is suspicious. This, however, could be any reason at all. If a broker wants to make an excuse for not providing withdrawals, they can claim they found the customer’s financial activity as suspicious. In fact, we’ve received complaints from people who have not received requested withdrawals from KonohaFX

Here Are Some Issues with KonohaFX:

  • No license
  • No transparency
  • High leverage
  • Disturbing terms and conditions
  • Verified customer complaints

What to Do If You’ve Lost Money with KonohaFX

If you have opened an account with IB-Finanzas, but feel suspicious about them, you’ll want to seek assistance from Broker Dispute immediately. Our experts will consult with you and bolster your claim to help you get your money back. Broker Dispute is a leader in fund recovery and will help you retrieve your funds from a broker scam