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Fortnomics

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Operating status: SCAM

Website: https://www.fortnomics.com/

Broker violations and abnormal records
  • Apr 11, 2024 The AMF adds Fortnomics to its warning list

    On 12 Apr, 2024, the Financial Authority (Autorité des Marchés Financiers, AMF) added Fortnomics to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

  • Apr 14, 2024 BrokersView has reviewed that Fortnomics is an unregulated broker

    According to its website, it is located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).

    In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) added Fortnomics to the warning list for it being an unauthorized company engaging in forex activities.

    In essence, Fortnomics 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.

    Fortnomics appears to be a scam.

    According to its website, it is located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) added Fortnomics to the warning list for it being an unauthorized company engaging in forex activities.In essence, Fortnomics 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.Fortnomics appears to be a scam.
  • May 15, 2024 The FSMA adds Fortnomics to its warning list

    On May 16, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Fortnomics to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms

    On May 16, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Fortnomics to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms

Related Complaints

Q&A

Is Fortnomics trustworthy?

fortuneA
Brazil
Apr 17, 2024
ANSWER No, Fortnomics is not trustworthy.This trading platform fails to disclose any information regarding its regulatory compliance, which suggests that it might be operating outside of the regulatory framework. In the UK, almost all individuals and firms are required to be authorized by the Financial Conduct Authority (FCA) before they can solicit investors. However, Fortnomics, which claims to be a UK-based company, does not appear to have this authorization. There are no indications that it is registered with the FCA.Moreover, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Fortnomics to its warning list as an unauthorized company engaging in forex activities.Given these circumstances, trading with Fortnomics could potentially lead to financial losses due to fraud and identity theft. Investors are therefore strongly advised to avoid Fortnomics and instead opt for fully regulated trading platforms.
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