Our investigation into Untomi Forex Trading found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Untomi Forex Trading?
On the surface, Untomi Forex Trading looks like an ordinary forex and crypto broker. Its public site is presented at https://untomi.co/. But surface impressions are exactly what these operations rely on — the substance behind Untomi Forex Trading is where the problems begin.
Is Untomi Forex Trading regulated?
We could find no evidence that Untomi Forex Trading holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- No credible physical address or verifiable corporate record
- Unrealistic profit claims and pressure to deposit more
- Opaque or anonymous corporate ownership
- Offshore or shell-company registration used to avoid oversight
Our analysis
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.
Can you recover money lost to Untomi Forex Trading?
If you have deposited with Untomi Forex Trading, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Untomi Forex Trading?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.