Score

1.16 /10
Danger

Fortnomics

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index4.34

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Fortnomics · Company summary
FortnomicsBasic Information
Registered CountriesSaint Kitts and Nevis (KN)
RegulationNot regulated by FCA, ASIC, or any major authority
Minimum Deposit$250
Maximum Leverage1:200
Minimum SpreadVaries based on market conditions
Trading PlatformWeb-Based Platform, Desktop, Mobile Application
Trading AssetsForex, Commodities, Crypto, CFD
Payment MethodsBank Wire Transfer, VISA/Mastercard, Skrill/Neteller, Crypto Wallet
Customer Support24/7 via Phone, Email, Online Chat
Bonus AvailableNot specified
Demo AccountNo

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.

Fortnomics Information

Pros and Cons

Pros Cons
No commission feesUnregulated broker
Wide range of trading instrumentsNo demo account available
24/7 customer supportLacks 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.

Is Fortnomics Legit?

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.

Is Fortnomics Legit?

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
What Can I Trade on Fortnomics?

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.

Account Types

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 PlatformSupported Available Devices Suitable for
Web-Based PlatformDesktop, Mobile (iOS, Android)All traders, beginners to experts
Desktop ApplicationWindows, MacOSAdvanced and professional traders
Mobile ApplicationAndroid, iOSTraders on the go, casual traders
MT4Not AvailableNot supported

Deposit and Withdrawal

Fortnomics charges neither fees for withdrawals nor deposits. The minimum deposit is $250.

Deposit Options

Deposit Options Min. DepositFees Processing Time
Bank Wire Transfer$250None3-5 business days
VISA/Mastercard$250NoneInstant
Skrill/Neteller$250NoneInstant
Crypto Wallet Transfer$250NoneInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Bank Wire TransferNot specifiedNone3-5 business days
VISA/MastercardNot specifiedNoneInstant
Skrill/NetellerNot specifiedNoneInstant
Crypto Wallet TransferNot specifiedNoneInstant

Customer Service

Fortnomics offers client service around-the-clock. There is phone, email, and online chat support.

Contact Options Details
PhoneSupport: +442038666778
Trading: +442038666779
EmailNot specified
Support Ticket SystemNot specified
Online ChatAvailable
Social MediaNot specified
Supported LanguageEnglish
Website LanguageEnglish
Physical Address11 Westferry Circus, London E14 8RH, United Kingdom
Customer Service

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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