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Konnaxvest

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Operating status: SCAM

Website: https://www.konnaxvest.com/

Broker violations and abnormal records
  • 2023-09-14 The UK FCA issued a Warning against Konnaxvest

    On 15 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Konnaxvest was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/konnaxvest

    On 15 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Konnaxvest was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/konnaxvest
  • 2023-09-17 BrokersView has Reviewed that ​Konnaxvest is an Unregulated Broker

    Konnaxvest claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. 

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Konnaxvest was providing finacial services or products without authorisation.

    The truth is that Konnaxvest is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Konnaxvest is a scam.

    Konnaxvest claims to be a reliable company without presenting any information about its regulation or contact. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated companies always present their accreditations and licenses in a prominent position. It is a red flag. The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Konnaxvest was providing finacial services or products without authorisation.The truth is that Konnaxvest is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Konnaxvest is a scam.

Related Complaints

Q&A

Why was the withdrawal in Konnaxvest so slow?

Huxley
Guatemala
2023-09-19
ANSWER The unlicensed status of Konnaxvest may lead to your withdrawal issue.While Konnaxvest displays an incorporation certificate issued by the Companies House (CH) to appear legitimate, it remains an illegal firm. The mere registration with the CH doesn't mean being authorized to provide financial services or products in the UK. It is required to obtain license from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has added it to its warning list, classifying Konnaxvest as an unauthorized firm. The full warning can be accessed here.Therefore, BrokersView has concluded that Konnaxvest is a scam. Without the regulatory oversight, individuals dealing with the platform cannot be protected by rules from fraud and theft. If any violation occurs, traders may not be able to reclaim their funds or get compensation from any official body. To avoid such risks, it is advisable to choose a fully regulated broker.
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