Untomi Forex Trading

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CheckBroker register › Untomi Forex Trading
AC-503305

Untomi Forex Trading

⚠ Flagged on the register · High risk

We checked Untomi Forex Trading against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.

Why it’s flagged

⚑ Unregulated / unlicensed⚑ False or fabricated claims
Named in relation to SEC (U.S.)Named in relation to ASIC (Australia)Named in relation to FCA (UK)

What we found

Untomi Forex Trading claims that it was founded in 2015, but its domain ("untomi.co") is first registered in April 2023. This contradictory situation is a red flag. While the platform claims to be headquartered in Japan and regulated by the country's Financial Services Authority (FSA), there are no corresponding records in the Japan FSA's database. It is a false statement. It even purports that it is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (Cyprus SEC). But we have been unable to locate a firm called Untomi in the registers of the abovementioned regulators. In essence, Untomi Forex Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Untomi Forex Trading is unequivocally a scam.

Assessment source: FastBull BrokersView.

What to do next

  1. Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
  2. Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
  3. Report it to your regulator and to local police / action-fraud line so it’s on the official record.
  4. Add your report here so the next person searching this name is warned — report Untomi Forex Trading.
  5. Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.

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