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Hi, is my money safe if i use KENKE FX to trade?
Sabrina
Malta
2022-03-21
ANSWER Kenkefx is a scam and should be avoided at all events. The domain of Kenkefx is unavailable now, as most probably it has been suspended, which is always a bad sign.Following the information we hold, Kenkefx operates without any valid license even though it provides an impressive list of the so-called accreditation and licenses.(Screenshot from Kenkefx)1) Kenkefx claims to be a brand name of Kenke Capital Global Limited, a wholly-owned global company registered in the UK. However, it is not regulated by the UK's Financial Conduct Authority (FCA) since we didn't find any information about its regulation from FCA. 2) Kenkefx also claims to be authorized and managed by the US Financial Enforcement Bureau MSB and registered as a member of the US National Futures Association (NFA). However, MSB does not regulate forex trading, and it is actually not a registered member of NFA. Therefore, Kenkefx is not overseen or authorized by any financial regulator. We would recommend traders stay away from unregulated brokers and trade with licensed brokers.
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Is it safe to trade with KENKEFX？How long will it take to withdraw money?
Ruben
Malaysia
2021-10-23
ANSWER KENKEFX is NOT properly regulated and should definitely be avoided even though it provides an impressive list of the so-called accreditation and licenses. KENKEFX claims to be a brand name of Kenke Capital Global Limited, a wholly-owned global company registered in the UK. However, it is not regulated by the UK's Financial Conduct Authority (FCA), since we didn't find any information about its regulation from FCA. KENKEFX also claims to be authorized and managed by the US Financial Enforcement Bureau MSB and registered as a member of the US National Futures Association (NFA). However, MSB does not regulate forex trading, and it is actually not a registered member of NFA. Therefore, KENKEFX is not overseen or authorized by any financial regulator. As per the evidences above, our final verdict is that KENKEFX is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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