Is Kronosinvest Scam or Legit Broker?
It is not safe to trade with a Forex broker Kronosinvest. It claims to be owned and operated by KRONOSINVEST Ltd, however, it doesn’t provide any information about its regulation or location, no contact phone numbers as well. The lack of these details should be considered the main red flag, as all the regulated and reliable brokers keep this information transparent.
About Kronosinvest
| 🗺️ Registered in | Estonia |
| 🗺️ Type of License | No License |
| 🛡️ Is Kronosinvest safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets – licensed by ASIC in Australia |
What is Kronosinvest?
Kronosinvest is an international company that has been providing a range of services, in Forex and CFDs in commodities, indices, and stocks since 2010.
- According to the terms and conditions on the website, the broker is overseen by the Estonian jurisdiction. Although we haven’t found any information about Kronosinvest in the Estonian regulator’s Financial Supervision Authority (FSA) register.
- Moreover, Kronosinvest has been blacklisted by Italian regulator CONSOB:
“CONSOB has availed itself of the new powers resulting from the “growth decree”, ordering internet providers to inhibit access from Italy to 5 new websites (including Kronosinvest) offering financial services without the proper authorization.”
Kronosinvest Review Conclusion
We advise all investors and traders to avoid Kronosinvest and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Alpari.
Kronosinvest Update
Recently the Kronosinvest website seems to be inactive, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.