Konix Trade / konixtrade.com has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Konix Trade / konixtrade.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Quick verification|Multi-device support|Competitive fees
Cons: Withdrawal takes 1-2 business days
Several red flags with Konix Trade / konixtrade.com: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
Tried to withdraw my funds from Konix Trade / konixtrade.com and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
I found Konix Trade / konixtrade.com based on a colleague's recommendation and the initial impression was positive. But since early this year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Helpful community forum|Stable platform|Smooth onboarding|Easy withdrawals
Cons: Limited ETF selection
I signed up with Konix Trade / konixtrade.com while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: No hidden fees|Multi-device support
Cons: Alert system is basic
I closed a profitable position at Konix Trade / konixtrade.com and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: No hidden fees|Intuitive for beginners|Regular platform improvements|Demo account available
Cons: Limited social trading features
Do not use Konix Trade / konixtrade.com for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Automated trading options|No hidden fees|Professional team|Social trading features
Cons: Limited ETF selection|No live chat on mobile
I trusted Konix Trade / konixtrade.com with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Automated trading options|Intuitive for beginners|No hidden fees|Easy to use platform
Cons: Limited demo account features|Limited ETF selection