Kobefx (the impersonating entity)

I was about to invest with Kobefx (the impersonating entity) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Jersey Financial Services Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.

I was contacted by Kobefx (the impersonating entity) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

The spread at Kobefx (the impersonating entity) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them when my bank disappointed me and I searched for alternatives and initially thought the platform was good - until I started trading seriously.

My withdrawal request from Kobefx (the impersonating entity) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.

I referred a friend to Kobefx (the impersonating entity) through a podcast recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

After since mid-2025 with Kobefx (the impersonating entity) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

I wanted to transfer my portfolio from another broker to Kobefx (the impersonating entity). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Do not be fooled by the professional-looking website. Behind the scenes, Kobefx (the impersonating entity) is disorganized and incompetent. I found them after a family member had a good experience and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

The mobile app from Kobefx (the impersonating entity) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

I looked into Kobefx (the impersonating entity) and found they appear in the regulatory warnings database. Jersey Financial Services Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.