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Fortradefx

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Operating status: SCAM

Website: https://fortradefx.ae/index

Broker violations and abnormal records
  • 2026-06-10 BrokersView has found that Fortradefx appears to be a scam

    Fortradefx claims to be regulated by  Financial Services Authority (FSA) registry of Saint Vincent on its website. However, the SVG FSA has clearly stated that it does not regulate or licence forex brokers. It only provides registration for IBC companies. To explain its registration as indicating regulation and licensing is clearly misleading. Moreover, we found no results related to Fortradefx in the SVG FSA's registry, which further raises our concerns about its legitimacy.

    Fortradefx is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. Therefore, Fortradefx appears to be a scam.

  • 2026-06-08 The FCA issues a warning against Fortradefx

    On Jun 9, 2026, the Financial Conduct Authority (FCA) issued a warning against Fortradefx, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fortradefx-clone-fca-authorised-firm

    On Jun 9, 2026, the Financial Conduct Authority (FCA) issued a warning against Fortradefx, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fortradefx-clone-fca-authorised-firm

Related Complaints

Q&A

Fortrade global is quite like a SCAM but I'm not sure

izwan
Costa Rica
20 giờ trước
ANSWER Dear Investor, We must alert you that Fortradefx is an extremely unreliable trading platform, and we strongly advise investors to stay away from it. Regarding its regulatory claims, the platform states it is licensed by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG). However, we need to correct two critical points. First, the SVG FSA does not regulate forex trading and does not issue licenses to forex brokers; it merely registers International Business Companies (IBCs). Therefore, the claim of being "licensed by SVG FSA" is untrustworthy and highly misleading. Second, our search in the SVG FSA system did not yield any entities seemingly associated with Fortradefx, which casts doubt on whether it is genuinely registered at all. Furthermore, the UK Financial Conduct Authority (FCA) has added Fortradefx to its warning list. Based on these findings, Fortradefx poses significant risks, and we urge traders to avoid any dealings with this platform to protect their funds.
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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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