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Fruitful -

Score

1.10 /10
Danger

Fruitful

United States

Within 1 year

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://fruitfulmarketsltd.com/en

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index3.82

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Fruitful

Company Abbreviation

Fruitful

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Being deceived, unable to withdraw funds after continuous deposits

Previously, it was said that after completing the rebate activity and reaching three times the trading volume, you can freely withdraw funds. However, after completing the withdrawal requirements, it was said that a 20% tax payment is required. Later, it was received a notification from the police that the merchant account provided to him is under investigation for fraud. After checking, all the accounts provided by the platform are reported to be high-risk and suspicious accounts.

FX1698451843
2024-08-12 09:05
Unable to Withdraw

Unable to withdraw funds

I believe in a man I met online and he invited me to deposit money and operate with him to make quick money for my child's education. After depositing money several times, he made profits for me. But now when I requested a withdrawal from customer service, they told me that I have to pay USD 4190 in taxes to the Malaysian government? The man is unwilling to help me pay the taxes, and now he is asking me to repay his principal. Please, I invested much less than him and now I don't have the money to pay the taxes.

FX3291457732
2024-09-08 18:17
Unable to Withdraw

I was deceived, requested to pay taxes within three days after requesting withdrawal

A young man said he could help me make money. Initially, I deposited US$3000 and made some profitable trades. I was able to successfully withdraw funds. Later, I increased my deposit to US$30,000 and continued to trade and make profits, earning approximately US$47,000. However, when I requested a withdrawal, it was unsuccessful. The customer service informed me that since my profits exceeded US$15,000, I needed to pay a 30% tax, which amounted to approximately US$13,000. I was given a deadline of 3 days to submit the payment, otherwise a 5% penalty would be deducted from my account daily. This withdrawal requirement was not mentioned anywhere on the platform. I was only informed about it when I requested the withdrawal, which is clearly fraudulent. I haven't paid the tax, and I don't know what to do now that 5% is being deducted from my account every day.

Watty
2024-10-10 23:24
Fruitful · Company summary

Note: Fruitful's official website: https://fruitfulmarketsltd.com/en is currently inaccessible normally.

Fruitful Review Summary
Founded2024
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForex, stocks, indices, futures, precious metals, energy
Trading PlatformST5
Commission0
SpreadsLow
Deposit & WithdrawalWire transfers, credit/debit cards, and online payment
Customer SupportEmail: support@fruitfulmarketsltd.com
Physical Address: 123 Main Street Suite 456 Cityville, State 78901 United States

Fruitful Information

Fruitful, founded in 2024, is a brokerage registered in the United Kingdom. It provides forex, stocks, indices, futures, precious metals, energy. It is unregulated.

Pros and Cons

Pros Cons
Lots of instrumentsNo regulation
Multiple payment methodsNo account information
No commissionsInaccessible official website
Low spreadsNo MT4 supported
ST5 supported

Is Fruitful Legit?

It is clear that Fruitful is currently unregulated.

Is Fruitful Legit?

What Can I Trade on Fruitful?

Fruitful offers traders forex, stocks, indices, futures, precious metals, energy to trade.

Tradable Instruments Supported
Forex✔
Indices✔
Futures✔
Metals✔
Energy✔
Commodities❌
Shares❌
ETFs❌
Cryptocurrencies❌
Currencies❌
Options❌

Fruitful Fees

Fruitful charges no commissions for per trade. Its spreads are low. But there is no more information about spreads.

Trading Platform

Fruitful's trading platform is ST5 platform, which supports traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
ST5✔Web, Mobile
MT4❌
MT5❌

Deposit & Withdrawal

Fruitful provides 3 types of deposit and withdrawal methods - wire transfers, credit/debit cards, and online payment.

User Reviews

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User comment

3

Comments

Write a review

Watty
0-3months
有位男生說帶我賺錢,最初入了US3000,幾次操作有賺,也能順利出金.後來加到US30,000,一直也有操作也有賺錢,賺了大約US47,000.後來要求出金不成功,客服告知利潤超過US15,000,需要支付30%稅款,大約US13,000,要在3天内提交,否則每天在賬戶扣除5%罸金. 此出金要求在平台完全沒有提及. 當要求出金時才被告知,根本就係欺詐. 我沒有交稅,現在每天被扣5%也不知可以怎麼辦
有位男生說帶我賺錢,最初入了US3000,幾次操作有賺,也能順利出金.後來加到US30,000,一直也有操作也有賺錢,賺了大約US47,000.後來要求出金不成功,客服告知利潤超過US15,000,需要支付30%稅款,大約US13,000,要在3天内提交,否則每天在賬戶扣除5%罸金. 此出金要求在平台完全沒有提及. 當要求出金時才被告知,根本就係欺詐. 我沒有交稅,現在每天被扣5%也不知可以怎麼辦
Translate to English
2024-10-10 23:24
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0
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FX3291457732
3-6months
我相信了网上认识的一男生邀我同入金他操作带我赚孩子要读书的急钱。我几次入金后他操住后有赚。但现我要求客服出金时，才告诉我得交usd4190税给马来西亚政府？那男生也不愿意帮我一起交税，现在追我还他本金。拜托，我投的usd比他少多 现在我也没钱交税。
我相信了网上认识的一男生邀我同入金他操作带我赚孩子要读书的急钱。我几次入金后他操住后有赚。但现我要求客服出金时，才告诉我得交usd4190税给马来西亚政府？那男生也不愿意帮我一起交税，现在追我还他本金。拜托，我投的usd比他少多 现在我也没钱交税。
Translate to English
2024-09-08 18:17
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0
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3