Fortexo-Overview of Minimum Deposit, Leverage, Spreads

Since Fortexos official website (https://fortexo.co/en/index.php) is now unavailable, we had to piece together as much information as possible on this brokerage house as a forex broker from other sources.

General Information

Established in 2022, Fortexo is an online forex broker registered in Saint Vincent and the Grenadines, operated by Flag Group Ltd. Fortexo allegedly offers its clients four trading accounts, high leverage up to 1:500. However, Fortexo provides poor customer support, with many essential information missing, making it a suspicious broker to trade with.

As far as we can tell, Fortexo is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.18 out of 10 overall.

Trading with an unregulated forex broker is a surefire way to lose your money, please be aware of the risk.

Account Types

It said that Fortexo does offer investors four trading accounts to suit different traders trading needs, with the minimum deposit varying from $1,000 to $50,000, which is far too big considering the fact legit broker could set up an account a much lower amount-less than $100.

Leverage

When it comes to trading leverage, Fortexo allows traders to use so-called generous leverage of up to 1:500, which is much above the levels considered appropriate by the vast majority of regulators.

Bear in mind, offering high leverage is a typical tactic that most offshore broker will do to attract investors into their traps.

Trading Platform

Fortexo uses the established platform MT4, which is renowned for its multiple useful functions, access to pre-programmed Expert Advisors that track markets and trade automatically to the option of developing your own trading algorithms.

The following screenshot shows what a typical MT4 terminal looks like:

Deposit & Withdrawal

The minimum deposit to invest with Fortexo is $1000, and this broker allows traders to make a deposit and withdrawal through the following payment methods:

• VISA

• MasterCard

• Bank Transfer

• OK PAY

The minimum withdrawal amount and processing time are not disclosed.

Customer Support

Only email support is available when traders have some inquiries or trading-related issues. Here is the contact detail:

Email: support@fortexo.co

Registered Company Address: Suite 307, Griffith Corporate Centre, Beachmont, P.O. Box 1515, Kingstown, Saint Vincent and the Grenadines.

Risk Warning

There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.

Please keep in mind that the data presented in this article is meant to serve as a guideline only.