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Danger
FR AMF
2024-04-12
No Regulation
Score
1.14 /10
Danger
Fortnomics
1-2 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.14
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
Regulatory disclosure
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Fortnomics | Basic Information |
| Registered Countries | Saint Kitts and Nevis (KN) |
| Regulation | Not regulated by FCA, ASIC, or any major authority |
| Minimum Deposit | $250 |
| Maximum Leverage | 1:200 |
| Minimum Spread | Varies based on market conditions |
| Trading Platform | Web-Based Platform, Desktop, Mobile Application |
| Trading Assets | Forex, Commodities, Crypto, CFD |
| Payment Methods | Bank Wire Transfer, VISA/Mastercard, Skrill/Neteller, Crypto Wallet |
| Customer Support | 24/7 via Phone, Email, Online Chat |
| Bonus Available | Not specified |
| Demo Account | No |
Fortnomics Information
Fortnomics offers forex, commodities, crypto, and CFDs across different account types. This site offers 1:200 leverage, but no demo account. Despite little regulation, the site offers several features, including 24/7 client assistance.
Pros and Cons
| Pros | Cons |
| No commission fees | Unregulated broker |
| Wide range of trading instruments | No demo account available |
| 24/7 customer support | Lacks Islamic account flexibility |
Is Fortnomics Legit?
Fortnomics is not regulated by the FCA or ASIC in Saint Kitts and Nevis (KN). This broker is unregulated in its own nation and by worldwide authorities, raising safety and legitimacy problems.
Fortnomics.com was registered on November 13, 2023, and will expire on November 13, 2024, with a restricted status forbidding unauthorized changes or transfers, according to WHOIS.
What Can I Trade on Fortnomics?
Fortnomics allows traders to try multiple asset classes with its many trading instruments. Fortnomics offers traders hundreds of stocks, cryptocurrencies, currency, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ❌ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
Fortnomics has five real accounts: Bronze (€10,000) for novices, Silver (€25,000) for intermediates, Gold (€50,000) for advanced traders, Platinum (€100,000) for professionals, and an Islamic account with interest-free trading. The benefits of each account differ, but there is no demo.
Leverage
Fortnomics allows traders to control larger positions with a smaller initial commitment with leverage up to 1:200. Higher leverage can improve profits but also increases risk, resulting in heavier losses if the market moves against you.
Fortnomics Fees
Fortnomics charges no commissions on trades and their fees match industry norms. The spread is the main expense for traders; it changes depending on the kind of account and state of the market.
Spreads: Fortnomics charges spreads that fluctuate based on the real-time market conditions.
Commissions: There are no commission fees on trades.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-Based Platform | ✔ | Desktop, Mobile (iOS, Android) | All traders, beginners to experts |
| Desktop Application | ✔ | Windows, MacOS | Advanced and professional traders |
| Mobile Application | ✔ | Android, iOS | Traders on the go, casual traders |
| MT4 | ❌ | Not Available | Not supported |
Deposit and Withdrawal
Fortnomics charges neither fees for withdrawals nor deposits. The minimum deposit is $250.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Wire Transfer | $250 | None | 3-5 business days |
| VISA/Mastercard | $250 | None | Instant |
| Skrill/Neteller | $250 | None | Instant |
| Crypto Wallet Transfer | $250 | None | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Wire Transfer | Not specified | None | 3-5 business days |
| VISA/Mastercard | Not specified | None | Instant |
| Skrill/Neteller | Not specified | None | Instant |
| Crypto Wallet Transfer | Not specified | None | Instant |
Customer Service
Fortnomics offers client service around-the-clock. There is phone, email, and online chat support.
| Contact Options | Details |
| Phone | Support: +442038666778 |
| Trading: +442038666779 | |
| Not specified | |
| Support Ticket System | Not specified |
| Online Chat | Available |
| Social Media | Not specified |
| Supported Language | English |
| Website Language | English |
| Physical Address | 11 Westferry Circus, London E14 8RH, United Kingdom |
The Bottom Line
Fortnomics offers extensive trading tools and 24/7 customer service, but its lack of regulation and demo account may alarm traders. A no-commission trading environment and comfort with unregulated brokers make it ideal for experienced traders.
FAQs
Is Fortnomics safe?
Fortnomics is unregulated, posing safety issues.
Is Fortnomics good for beginners?
Beginners may not like Fortnomics due to the high minimum deposit and lack of a demo account.
Is Fortnomics good for day trading?
Day traders benefit from 24/7 trading and tight spreads.
Is it safe to trade with Fortnomics?
Fortnomics trade is risky due to unregulation. Is Fortnomics beginner-friendly?
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
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