Is Untomi Forex Trading a scam or not?

https://untomi.co/    

Untomi Forex Trading is a scam.

Untomi Forex Trading says that it started its operations in 2015, but its domain ("untomi.co") was only registered in April 2023. This inconsistency is a warning sign.

The platform asserts that it is based in Japan and supervised by the country's Financial Services Authority (FSA), but the Japan FSA's database does not have any matching records. It is a false claim.

It also alleges that it is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). However, we have failed to find a firm named Untomi in the registers of the aforementioned regulators.

In short, Untomi Forex Trading is not under the oversight of any authority. Investing with this broker is very risky, as there are no legal measures to protect traders who engage with the platform. In order to mitigate such risks, it is advisable to stay away from Untomi Forex Trading and instead opt for a fully regulated broker.