Score

1.42 /10
Danger

Fortrade

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

C

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.34

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Warning: Low score, please stay away! 4
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Fortrade · Company summary

Note: Fortrade's official website: https://fxen.gloryft.com/ is currently inaccessible normally.

Fortrade Information

Fortrade, the full name of the company is Fortrade Ltd, the search information shows that it was registered in 2017, the registered address is uncertain.

Fortrade Investors can contact Fortrade for customer service at info@gloryft.com.

Currently, Fortrade is in an unregulated state and trading with it is not recommended.

Fortrade Information

Is Fortrade Legit?

The UK FCA regulation claimed by the broker (certificate number :609970) is suspected of cloning, so the broker has no effective supervision at present. Please be aware of the risks!

FCA
Financial Conduct Authority (FCA)
Current StatusSuspicious Clone
Regulated by United State
License TypeMarket Making (MM)
License No.609970
Licensed InstitutionFortrade Limited

Downsides of Fortrade

  • Unavailable website

Fortrade'sofficial website is currently inaccessible, leaving many investors without a key way to learn about the broker.

  • Lack of transparency

Fortrade is woefullylacking transparency. A lot of basic information is not known, which can cause some confusion in the decision-making of investors.

  • Regulatory concerns

The regulatory status of suspected cloning indicates that Fortrade is not subject to effective supervision, and its potential risks are large, which is not suitable for investors to trade.

Conclusion

To sum up, we can clearly understand the downsides exposed in Fortrade's operation, that is, the website is not accessible, the lack of transparency and the lack of effective supervision. These problems, even if Fortrade problems, are also common shortcomings of unqualified brokers.

Therefore, it is not recommended that investors choose brokers such as Fortrade. Choosing a formal, regulated and transparent broker is the key to ensuring investment safety.

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