Basic Information
Registered Region 
Malta
MaltaOperating Period
2-5 years
Company Name
KONANO Wealth LTD
Customer Service Email Address
services@konano.com
Contact Number
(+356) 2778 1919
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
KONANO
Malta
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.konano.com/en/index.htm
Website
Rating Index
Contact
(+356) 2778 1919
services@konano.com
https://www.konano.com/en/index.htm
168 St Christopher Street, Valletta VLT 1467, MALTA
The WikiFX Score of this broker is reduced because of too many complaints!
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
3
32
Website
Company Summary
Disclosure
Comment
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Website
konano.com
103.233.8.54Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
Note: KONANO's official website: https://www.konano.com/ is currently inaccessible normally.
| KONANO Review Summary | |
| Founded | 2005 |
| Registered Country/Region | Malta |
| Regulation | No Regulation |
| Market Instruments | Currencies, Gold, Metals, Energies, Indices, etc. |
| Demo Account | ✔ |
| Leverage | Up to 1:50 |
| EUR/USD Spread | From 0.5 pips |
| Trading Platform | MT4 |
| Min Deposit | $300 |
| Customer Support | Phone: (+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 instruments | Non-functional website |
| Demo accounts | No regulation |
| MT4 supported | Lack of transparency |
| High min deposit requirement |
Is KONANO Legit?
At present, KONANO lacks valid regulations. We advise you to look for regulated brokers instead.
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
User Reviews 32
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Mada
Taiwan
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
Exposure
maymay
Taiwan
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.
Exposure
Alan Chang
Taiwan
Need to pay the dividend and margin in order to withdraw. It is unreasonable. Already report the case.
Exposure
FX2807780632
Taiwan
It just cannot withdraw and ask you to pay margin and deceive you again and again. They will also block you.
Exposure
Anber_hsieh
Taiwan
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.
Exposure
虹虹62558
Taiwan
Keep asking you to deposit after wipe out. Induce step by step and uses every possible way to reject the withdrawal.
Exposure
TH C
Taiwan
Withdrawal needs to pay 100000TWD margin? Is there such rules for forex broker?
Exposure
虹虹62558
Taiwan
Keep asking you to pay margin and expedite fee, and delaying the withdrawal. Cooperate with Cinda to scam together
Exposure
虹虹62558
Taiwan
Keep asking you to pay margin, expedite fee and delay the withdrawal. Cooperate with Cinda to scam together.
Exposure
Lily1994
Taiwan
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.
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