Home -
KONANO -

Score

1.44 /10
Danger

KONANO

Malta

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.konano.com/en/index.htm

Add brokers

Comparison

Quantity 33

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.44

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

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

open now

Regulatory disclosure

Danger

MT MFSA
2021-07-07
MFSA Warning - Konano Wealth Ltd - Unlicensed Entity
KONANO

Broker Information

More

Company Name

KONANO Wealth LTD

Company Abbreviation

KONANO

Platform registered country and region

Malta

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 28 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

33 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Withdrawal needs to pay 100000TWD margin

Withdrawal needs to pay 100000TWD margin? Is there such rules for forex broker?

2022-01-17 20:54
Unable to Withdraw

Keep asking you to pay margin and expedite fee, but not withdrawing

Keep asking you to pay margin and expedite fee, and delaying the withdrawal. Cooperate with Cinda to scam together

2022-01-16 11:43
Unable to Withdraw

Unable to withdraw

I applied for a withdrawal on Jan. 5, 2022, but it had not withdrawn successfully till Jan.11. It is suspected to be a scam. Please assist me to address it.

2022-01-11 17:14
Resolved

It is said that we will meet on December 31 and withdraw money, but they do not withdraw till January 3

They don’t withdraw the money and keep asking me to deposit, saying that they are going to withdraw money from the meeting on December 31st, but still not be able to withdraw money until January 3, and I’m also asked to pay a margin. What kind of margin I have money to pay when I have money in my account?

2022-01-03 19:40
Unable to Withdraw

Cannot withdraw

Need to pay the dividend and margin in order to withdraw. It is unreasonable. Already report the case.

2022-01-25 13:34
Scam

Fraud platfrom cooperate with scam group to deceive

Keep asking you to deposit after wipe out. Induce step by step and uses every possible way to reject the withdrawal.

2022-01-17 21:20
Unable to Withdraw

Fraud broker

I made lots of profit in my account, but cannot withdraw it. The customer service emial is the QQ account and does not match with reality. Also, nobody reply the email after sending it.

2022-01-18 17:22
Unable to Withdraw

Unable to withdraw

It said that the withdrawal requires 3 working day at the beginning. In November, the reasons for delay are: can only make one withdrawal at once/do not fill the account and ask people to re-apply. At the end of December, it said that it requires 20% margins deposit before withdrawal for anti-laundering money. On January of this year, it changes to say that it requires to pay income tax for 20%. They just keep delay the withdrawals and ask people to deposit. It is totally a scam.

2022-01-13 10:54
Unable to Withdraw

This platform is a scam group

It just cannot withdraw and ask you to pay margin and deceive you again and again. They will also block you.

2022-01-23 18:17
Others

False information

1. the homepage is wrong and cannot be connected 2. The email address of customer service does not have response at all.

2022-01-11 09:10
Scam

Unable to withdraw, fraud website

Cinda Investment Consultants and konano cheated together and could not withdraw the money. They required to deposit a margin to withdraw the money, but the website disappeared after the payment.

2022-01-27 00:00
Unable to Withdraw

Withdrawal was delayed and not transferred

Since the beginning of December, I have applied for multiple withdrawals. The customer service said that it will arrived within 3 days, but it has not been received. One said that I cannot apply at the same time, and the other said that the account number was not filled in. Each re-application is three days. On Dec. 23, they changed to say that they have received the notice from the Financial Management Committee, in order to respond to the financial institution’s anti-money laundering law and strictly crack down on money laundering crimes, we require to charge 20% of the deposit for all your withdrawals. Please help, Thanks

2022-01-05 23:53
Unable to Withdraw

Does not withdraw

Keep asking you to pay margin, expedite fee and delay the withdrawal. Cooperate with Cinda to scam together.

2022-01-16 11:17
Unable to Withdraw

Not withdrawing at all. The message has not been read nor replied

Cooperate with Cinda to scam money and delay withdrawals. I cannot get money back. The gold linear slippage fluctuates severely.

2022-01-05 08:37
Others

The broker disappears

At present, the information on the app of the broker can no longer be contacted. The relevant webpage can not be used. The broker selected on the MT4 seems to match the APP, but there is currently no deposit and withdrawal methods.

2022-01-07 11:07
Unable to Withdraw

KONANO cannot withdraw fund

Starting from October 2021, I cooperate with CINDA Investment Trust (currently renamed Renxiang Investment Trust) (continue to defraud), induce deposits to MT4 to KONARO to buy gold, induce liquidation and continue to induce deposits. The slippage is severe, and finally my account funds reach: 1,964,253 US dollars, and the continuous application for withdrawal were delayed and failed. They are willing to withdraw money only if we pay the margin. The principal deposit is: $17622. Hope to get back the principal of the deposit. Please coordinate, thank you very much. PS: Attach a screenshot of the dealer's deposit and withdrawal (the withdrawal was unsuccessful) PS: Attach a screenshot of the dealer's dialogue PS: Jiaoyishang has maliciously removed the account

2022-02-22 17:02
    KONANO · Company summary

    Note: KONANO's official website: https://www.konano.com/ is currently inaccessible normally.

    KONANO Review Summary
    Founded2005
    Registered Country/RegionMalta
    RegulationNo Regulation
    Market InstrumentsCurrencies, Gold, Metals, Energies, Indices, etc.
    Demo Account✔
    LeverageUp to 1:50
    EUR/USD SpreadFrom 0.5 pips
    Trading PlatformMT4
    Min Deposit$300
    Customer SupportPhone: (+356) 2778 1919
    Email: services@konano.com
    Address: 168 St Christopher Street, Valletta VLT 1467, MALTA

    KONANO is an unregulated financial company based in Malta. It claims to provide traders Currencies, Golds, Metals, Energies, and Indices trading via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $300.

    Pros and Cons

    Pros Cons
    Various trading instrumentsNon-functional website
    Demo accountsNo regulation
    MT4 supportedLack of transparency
    High min deposit requirement

    Is KONANO Legit?

    Is KONANO Legit?

    At present, KONANO lacks valid regulations. We advise you to look for regulated brokers instead.

    Is KONANO Legit?

    What Can I Trade on KONANO?

    KONANO claims to offer Currencies, Gold, Metals, Energies, Indices, etc.

    Tradable Instruments Supported
    Forex✔
    Gold✔
    Metals✔
    Energies✔
    Indices✔
    Shares❌
    Cryptocurrencies❌
    Bonds❌
    Options❌
    ETFs❌

    Account Type

    There is no info on account types. As to the minimum deposit, KONANO requires $300 for account opening, which is significantly higher than what a broker nowadays would typically charge. The majority of licensed companies can open an account for as little as $10. That's why we advise you to choose regulated ones.

    Leverage

    The maximum leverage on KONANO is as low as 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Spread

    The spread according to the gathered info is 0.5 pips for the EUR/USD pair.

    Trading Platform

    KONANO claims to offer MT4 for trading but delivers only on a web-based MT4, which does not hold any trading servers belonging to the broker.

    Deposit and Withdrawal

    The payment options offered by the site include credit cards, debit cards, wire transfer, Neteller, and Skrill. As per the terms and conditions, withdrawals can only be made through wire transfer.

    Nevertheless, the payment page on the website indicates that users can withdraw using the same methods employed for depositing. A 2.9% fee is levied on Skrill and Neteller withdrawals. Withdrawals are processed within 2 days.

    User Reviews

    More

    User comment

    0

    Comments

    Write a review

    No comment yet

    start to write first comment

    33