ALERT | Fortrades Ltd Review: Is it Legit or a Scam

Fortrades Ltd logo
1.1
Rated 1.1 out of 5
Scam Company
1.1 out of 5 stars (based on 7 reviews)

FORTRADES LTD INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Fortrades Ltd
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
Michelin House, 81 Fulham Rd., London SW3 6RD, United Kingdom
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
Unknown
CONTACT EMAIL:
support@fortradesltd.com (Blocked)
WEBSITE URL:
https://fortradesltd.com/
WEBSITE IP:
185.212.70.252
IP COUNTRY:
US
DOMAIN CREATION DATE:
2022-01-16
HOSTING:
Hostinger International Limited

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What Is This Company; Fortrades Ltd About?

With years of experience in the UK market, Fortrades Ltd claims to be a top trade and investment firm. They purportedly have company number 08619610 and are registered with the UK government. However, there is definitely more to there story, considering all the suspicious activities they are conducting.

What Is Fortrades Ltd Offering/Promising To The Clients?

In order to offer goods and services for online CFD trading and foreign exchange trading, Fortrade, a worldwide forex broker, was established in the UK in 2013. CEO Nick Collison is in charge of the broker’s main staff, which is based in London and Watford in the UK. However, many believe that this is just a cover up and infact this company is a hoax! 

They say that the Financial Conduct Authority (FCA) regulates them all, which we have discovered to be untrue. Over the previous few years, the firm also created trading platforms and regulatory frameworks in Belarus, Canada, Australia, and Cyprus.

The tight and aggressive spreads offered by Fortrade start at 4 pip for forex and fluctuate depending on the trading instrument, however I personally believe that they pitch this to attract innocent individuals. They also claim to offer a variety of leverage ratios, prizes, and bonuses.

Fortrades Ltd Offers

Is Fortrades Ltd Legit or a Scam?

A lot of people might have questions in their mind while reading the Fortrades Ltd Review: Is Fortrades Ltd legit? Is Fortrades Ltd a scam? Because they want to know that Can Fortrades Ltd be trusted?

Fortrades Ltd is not a respectable website because it clearly breaks the regulations and laws that are relevant to companies that provide financial services.

So, is Fortrades Ltd a scam?

The UK’s financial watchdog, the FCA, is warning individuals from doing any business with Fortrades Ltd because it is so dangerous. The website claims to offer a trustworthy and safe trade environment, but this is not at all accurate.

Although this type of service is regulated in the UK, Fortrades Ltd does not yet have FCA clearance to provide it to UK residents. A business that isn’t regulated won’t follow industry standards, which puts clients in danger of losing money.

You are putting your investment in the hands of unlicensed financial consultants. It becomes harmful in that way.

Fortrades Ltd FCA Details

Is Fortrades Ltd Licensed?

FCA gave a recent warning to investors that investing with this dealer is risky and would not provide any kind of protection. The FCA is the UK’s financial regulator. FCA tagged Fortrades Ltd as a Clone firm of FCA Authorized firm “Fortrade Limited”

An alert like that essentially proves that we are dealing with a scam.

Brokers with licenses from the UK, the EU, and Australia are a good choice if you’re not sure where to put your money. These agents will never be anonymous and will always provide you with a tonne of corporate information to promote openness. They must conduct business fairly, transparently, and in accordance with a multitude of standards because they are subject to some of the strictest financial restrictions in the world. There are minimum capital requirements of A$1 million and €730 000 in the UK, EU, and Australia, respectively.

This money demonstrates the broker’s dependability as a source of funding. The client’s money must be kept in separate bank accounts from dealer funds to prevent their merging. This explains how your agent would be unable to reinvest your deposits in the event of broker insolvency and safeguards your money. Clients are additionally protected by compensation funds in the EU and UK if their broker files for bankruptcy; in this case, your money would be insured for up to €20 000 in the EU and £85 000 in the UK.

The company claims that its operating in the UK but the name is not registered on the gov.uk site.

Similar or Duplicate Sites Detected

We found that Fortrades Ltd has similar websites. Upon further investigation, we found that their structure and offers are similar and we didn’t find any mention of affiliation between the websites. On the list, Fortrades Ltd seems to be the youngest website which was made in mid-2022. We suspect that this might be a network of unauthorized offshore brokers or the sites could be involved in a scam network.

List of similar sites:

Fortrades Ltd domain age

Fortrades Ltd Opinions On Review Sites, Social Media, And Contact Information

In this section of Fortrades Ltd review, you will know how people are reviewing this platform on social media sites. 

The company has no social media presence, no phone number, and neither are the people behind the website revealed. This only makes one question the credibility of Fortrades Ltd. It’s a good show of transparency if a business that is offering financial services is stating its CEO or stockholders in the company. It adds to the authenticity of the website. But unfortunately, Fortrades Ltd is hiding a lot of vital information.

This is what Vicky bower had to say about this fraudulent company,

“Fortrades Ltd proclaimed that they will trade on my behalf but now he kept on asking for more money. Sent only twice then started having questions but my money was already gone. I have a WhatsApp screenshot of”

Comparing Fortrades Ltd To Well Established Companies

If you compare Fortrades Ltd with legitimate websites such as binance.com, binance.com definitely offers more secure investment, better offers, and better training for newbies on crypto and there is already a community built under binance.  

When you visit a legitimate broker’s website, you can expect to find clear and detailed information about the company that owns and operates it, where it is headquartered, and what regulatory regimes it is subject to. Licensed financial service providers must also provide a complete set of legal documentation.

All of this is absent from the Fortrades Ltd. We have no idea who we are dealing with or what the terms of the agreement are. Putting our money on the line under these conditions would be an unforgivable mistake.

WORRIED THAT SOMEONE HAS YOUR PERSONAL & BUSINESS INFORMATION?

With how easy it is for scammers to acquire your data, it’s reasonable to be alarmed. Protect yourself and your loved ones by getting advice from experts. 

We will guide and even help you get your money back from scammers.

How To Get Your Money Back If You Were Scammed By Fortrades Ltd!

Be sure to immediately alert the appropriate authorities if you believe you have been a victim of this business.

The first thing you should do if you ever feel deceived is to terminate all contact with the brokers. Spare them any personal information that can expose them to fraud from other sources.

The Ez Chargeback is here to assist you with the recovery process; here are a few steps you can take to recover funds from a scammer:

To begin, notify the authorities; call the police, then contact your local regulators and other law enforcement agencies that deal with fraud and crime. Change all of your passwords, remove any dangerous software you may have downloaded, and, if necessary, contact your credit card provider if you think you are being defrauded.  

Moreover, report your case to us and we will help you get in touch with respectable companies that can help those who have been scammed or had their personal information stolen. 

We hope that by reading Fortrades Ltd Review, your question Can Fortrades Ltd be trusted must have been answered. 

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

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