Reported as a scam / unregulated
Why Untomi Forex Trading is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.