The Official Website Of KoinFX Trade Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-04-06 UK FCA Adds KoinFX Trade To Warning List
On April 6, 2022, The FCA Issued A Warning That KoinFX Trade Provides Financial Services And Products In The UK Without Authorization. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/kionfx-trade
2022-04-21 We Have Reviewed And Confirmed That KoinFX Trade Is An Unregulated Foreign Exchange Broker
KoinFX Trade Claims To Be A Highly Regulated Broker And Presents Its Company's Business License In The United States, License Number: 445435. However, We Did Not Find Any Results Matching KoinFX Trade In The US Regulator NFA. This Means That KoinFX Trade Is Not Licensed To Operate In The US To Engage In Foreign Exchange Trading.
KoinFX Trade Also Shows That Its Company Office Address Is In The UK. According To UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Obtain Authorization Or Business Registration From The UK Financial Conduct Authority (FCA). When We Searched For KoinFX Trade In The FCA, We Found That The Trader Had Been Added To The Warning Name By The FCA For Providing Financial Services Without Authorization. This Means That KoinFX Trade Is Not Regulated By Any Regulatory Authority. Investors' Money Invested In This Broker Is Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That KoinFX Trade Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: KoinFX Trade As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
