ANSWER Dear Investor,
Fortuno Markets claims to be a regulated and authorized trading platform. However, we have not found any information regarding which specific regulatory authority has granted it a license.
According to its claims, the company is registered in Saint Lucia. While we did confirm its registration with the Saint Lucia International Financial Centre (IFC), this registration merely confirms its status as an International Business Company (IBC). It does not confer a license for forex trading activities. It is important to note that the Saint Lucia IFC does not regulate forex trading.
Additionally, Fortuno Markets states it operates under Fortuno Markets (UK) Ltd and is registered in the United Kingdom. However, our investigation with the Financial Conduct Authority (FCA) confirms that the platform is not authorized by the FCA to conduct forex trading activities.
As a result, investors engaging with this platform have no regulatory protection. We strongly advise you to avoid trading with Fortuno Markets.
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