ANSWER Please stay away from Fortresscapital due to its fraudulent nature. It is operating outside the regulatory framework and has been warned by a recognized financial watchdog.Fortresscapital claims to be operated by Fortress Capital Formation LLC., a company supposedly regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). While we did locate a firm called Fortress Capital Formation LLC in the registries of the aforementioned regulators, it is crucial to note that Fortresscapital, as a forex broker, must be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Therefore, it is required to be an NFA member first. However, our search for the company in the NFA register didn't yield any results, suggesting that it is not authorized by these two financial watchdogs.Additionally, the Financial Conduct Authority (FCA) has issued a warning against Fortresscapital for operating without proper authorization.In conclusion, Fortresscapital is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard them. Therefore, investors are advised against trading with unlicensed brokers like Fortresscapital and instead to choose a fully regulated one.
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