Home -
Fortuno Markets -

Score

1.99 /10
Danger

Fortuno Markets

Cyprus

1-2 years

Regulated in United Kingdom

Common Business Registration

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://www.fortunomarkets.com

Add brokers

Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index4.97

Risk Management Index0.00

Software Index4.00

License Index1.25

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Fortuno Markets

Company Abbreviation

Fortuno Markets

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15884483)Common Business Registration Non-Forex License. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Unable to withdraw funds

Why can't I withdraw my funds

tijani5052
2023-12-18 12:14
Unable to Withdraw

The process of withdrawing funds is long and difficult.

The funds haven't arrived for 1 hour even though the balance in the account is already 0.

kahfi173
2024-02-25 19:10
Others

Deposit has not been received.

I have deposited via QR code, and my balance is already 0 in my account but it has not been added to the broker's balance, what a fraudulent broker.

abu3746
2024-04-17 16:16
Scam

The deposit using QRIS was suc

The deposit using QRIS was successful but it didn't add up to the deposit balance of 100 USD... now it has failed, the status is serious, it has been emailed, but there is no response, be careful with Fortuno Market, don't let fraud happen like mine... the rating should be bad.

FX2023596758
2024-05-25 15:54
Unable to Withdraw

The last time I traded at the

The last time I traded at the Fortuno broker was April 5 2024 and every time I trade I always use the SL and TP menu. but after April 15 2024 I will withdraw the funds. My balance is ZERO with the statement that I lost 81 USD. Even though on that day I didn't do anything on my account from April 5th. I feel at a loss.

umam7752
2024-05-07 17:46
Fortuno Markets · Company summary
Fortuno Markets Review Summary
Founded2023
Registered Country/RegionCyprus
RegulationFCA (Exceeded)
Market InstrumentsForex, metals, indices, stocks, commodities, bonds, ETFs, cryptos
Demo Account/
LeverageUp to 1:2000
SpreadFrom 0.5 pips
Trading PlatformFortuno web and APP, TradingView
Copy Trading✅
Min Deposit$10
Customer SupportEmail: Telegram@fortunosupport; support@fortunomarkets.com
Social media: Facebook, Instagram, Twitter, YouTube, Linkedin, Telegram
Regional RestrictionsThe USA, Canada, Sudan, Syria, Iran, North Korea

Fortuno Markets was registered in 2023 in Cyprus, offering a variety of products, such as forex, metals, stocks, and commodities. It provides 2 types of accounts, and the minimum deposit is $10, the maximum leverage being 1:2000. Fortuno Markets was regulated by FCA in the UK, but its license was exceeded.

Fortuno Markets' homepage

Pros and Cons

Pros Cons
Diverse tradable assetsExceeded FCA license
Commission-free accounts offeredRegional restrictions
Copy trading providedNo MT4 or MT5
Low minimum depositNot accept popular payment options
No deposit and withdrawal feesOnly email support

Is Fortuno Markets Legit?

Fortuno Markets was once regulated by the Financial Conduct Authority (FCA) in the UK, but it is currently exceeded. Moreover, the current status shows that activities such as client transferring and updating are prohibited, which means potential risks may exist.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Financial Conduct Authority (FCA)ExceededUKCommom Business Registration15884483
Exceeded FCA license
Domain information

What Can I Trade on Fortuno Markets?

Fortuno Markets provides a number of products, including forex, metals, indices, stocks, commodities, bonds, ETFs, and cryptos.

Tradable Instruments Supported
Forex✔
Metals✔
Commodities✔
Indices✔
Stocks✔
Cryptos✔
Bonds✔
ETFs✔
Options❌
What Can I Trade on Fortuno Markets?

Account Type

Fortuno Markets offers 2 types of accounts, including Premium and Standard. It does not mention whether a demo account or Islamic account is available or not.

Account TypeAccepted CurrenciesMin Deposit
PremiumUSD, EUR, NGN, JPY$10
Standard
Account comparison
Premium account
Standard account

Leverage

For both types of accounts, the leverage can be up to 1:2000 for both account types, which is rather high. Customers need to consider carefully before investing, because high leverage is likely to bring high risks.

Fees

Account TypeSpreadCommission
PremiumFrom 0.5 pips❌
StandardFrom 1 pip✔

Trading Platform

Fortuno uses its own trading platforms, called “Fortuno”. Besides, it also uses TradingView.

Trading PlatformSupported Available Devices Suitable for
Fortuno✔Web, mobile/
TradingView✔PC, web, mobile/
MT5❌/Experienced traders
MT4❌/Beginners
Fortuno
TradingView

Copy Trading

Fortuno Markets provides copy trading services. Customers can follow top and excellent traders, and they can learn from their trading experiences.

Copy Trading

Deposit and Withdrawal

Fortuno Markets supports several types of payment options, and it does not charge any fees for deposit and withdrawal.

Payment Options Min Deposit/WithdrawalFeesDeposit TimeWithdrawal Time
IDR Payment 1$20❌InstantWithin 24 hrs
IDR Payment 2$10
MYR Payment 1$10
MYR Payment2$25
USDT (TRC-20)$5
Deposit and Withdrawal

News

ExposureFortuno Markets Exposed: Unregulated Broker Engaging in Fraud

​Fortuno Markets falsely claims NFA regulation. Unlicensed, with no physical offices found. Traders report scams, vanished funds, and withdrawal issues.

WikiFX
2024-08-31 16:03
Fortuno Markets Exposed: Unregulated Broker Engaging in Fraud
About More

User Reviews

More

User comment

6

Comments

Write a review

Yunhok
more than one year
Fortuno Markets seems to offer competitive spreads and a decent range of account types. It's not the cheapest option out there, but it's definitely worth considering for traders looking for a reliable platform with some flexibility.
Fortuno Markets seems to offer competitive spreads and a decent range of account types. It's not the cheapest option out there, but it's definitely worth considering for traders looking for a reliable platform with some flexibility.
Translate to English
2024-07-17 17:19
Reply
0
0
FX1494149797
more than one year
Fortuno Markets‘ platform is super user-friendly and the customer service is always there when you need them. Love the variety of trading options available—it's everything I need in one place. Highly recommend!
Fortuno Markets‘ platform is super user-friendly and the customer service is always there when you need them. Love the variety of trading options available—it's everything I need in one place. Highly recommend!
Translate to English
2024-06-18 10:15
Reply
0
0
5