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/10

KontoFX

Hungary|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.kontofx.com/#/

Website

Rating Index

Contact

+852 441217263858
support@kontofx.info
https://www.kontofx.com/#/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

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Contact number

English

+852 441217263858

German

441217263858

Broker Information

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Company Name

NTMT Transformatic Markets OU

Company Abbreviation

KontoFX

Platform registered country and region

Hungary

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • Global regulators have disclosed 4 pieces of information about this broker, please be aware of the risks!

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KontoFX · Company Summary

General Information & Regulation

KontoFX is an Estonia-based brokerage firm that offers investors trading in CFDs and cryptocurrencies. KontoFX is not currently effectively regulated by any regulatory body.

Market Instruments

KontoFX offers investors a limited range of financial instruments, including CFDs, cryptocurrency trading.

Minimum Deposit

KontoFX offers investors three different types of accounts, namely Self-Trading account, Auto-Trading accounts, and Social Trading accounts, which are very different from other brokers. Besides, the minimum initial deposit on the KontoFX platform is 250 USD/EUR.

KontoFX Leverage

When it comes to trading leverage, the maximum leverage level for forex instruments offered by KontoFX is up to 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The minimum spread on the KontoFX platform for EURUSD is 0.6 pips, and no information about trading commissions is disclosed.

Trading Platform

KontoFX offers traders a trading platform that is not MT4/MT5 but KontoFX WebTrader. KontoFX claims that KontoFX WebTrader is exclusively tailored to its clients and provides traders with the best trading experience. The reason why many scam brokers do not offer MT4/MT5 trading platforms is that MT4/MT5/cTrader trading platforms are monitored constantly by an online community so that brokers do not plant too many conditions in their trading software in their favor. Therefore, such in-house software of the broker is often not trusted.

Deposit & withdrawal

KontoFX supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Maestro, and wire transfer.

Customer Support

When it comes to customer support service team, this broker offers customer support in three languages and is available from Monday to Friday, 05:00 – 22:00 GMT – it would be better if the platform worked 24/7 though as many crypto trading brokerages do.

KontoFX Pros & Cons

KontoFX Advantages Include:

1. Three Trading Accounts Available

KontoFX Disadvantages Include:

1. Not Subject to Any Regulation

2. Narrow Range of Tradable Assets

2. No Details on Commissions & Spreads

3. Non-MT4/MT5 Trading Platform

4. Fewer Options for Deposit & Withdrawal

5. No 24/7 Customer Service

User Reviews

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小柳同学
more than one year
They only take your money I was in a profit of 1015 USD and I cannot make a withdrawal. They are absolutely very bad... Please do not make the same mistakes I did.. DO NOT INVEST WITH THEM!!
2023-03-10 16:08
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