Is Fortune Capital Trade FX Legit or a Scam?
Fortune Capital Trade FX is a scam broker. While it may lure you in with promises of high returns and pre-IPO investments, behind the facade lies a web of red flags and predatory practices that endanger your hard-earned money. Read more to know the dark sides of this shady broker.
What is Fortune Capital Trade FX?
Presented as a UK forex and CFD broker, Fortune TradeFX offers over 300 trading instruments, including cryptocurrency coins, indices, equities, and currency pairings, with competitive spreads and the option to trade on either the MetaTrader4 or MetaTrader5 platform. Furthermore, Fortune TradeFX claims to have a British Financial Conduct Authority license and authorization (FCA).
Even if the Fortune TradeFX offer appears genuine at first glance, you should carefully verify any information that a new broker sends you. In this instance, Fortune TradeFX unlawfully utilizes the corporate information of a genuine, regulated business to deceive and defraud its clients.
Fortune Capital Trade FX Details
Regulated by: | Unregulated Investment Scam |
Is This Company Safe? | No |
Known Websites: | |
Have Warnings from: | CNMV |
Registered in: | UK (currently dissolved) |
Website Created on: | 2022-08-20 |
Trading Platforms: | N/A |
Maximum Leverage: | N/A |
Minimum Deposit: | 150 USD |
Deposit Bonus: | N/A |
Investment Products: | Forex, Indices, Commodities, Stocks, Cryptocurrencies, ETFs |
Free Demo Account: | Unavailable |
How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds. |
Deposits and Withdrawals
Fortune Capital Trade FX touts fast and easy deposits, but withdrawing your funds is another story. Numerous customer complaints allege unreasonable delays, exorbitant fees, and complete denial of withdrawal requests. This is a classic hallmark of a scam broker.
Account Types
The enticingly high guaranteed return on investment that we discovered on the Fortune Capital Trade FX accounts is unconfirmed. Every investment plan’s declared profit % is determined daily, which raises red flags for even the most seasoned observer. These deals seem too good to be true:
- BEGINNER PLAN – 5% after 24 hours – $150
- GOLD PLAN – 8.6% after 24 hours – $500
- DIAMOND PLAN – 10.5% after 24 hours – $2,000
- ELITES PLAN – 11.37% after 48 hours – $4,000
- MASTER PLAN – 10% after 12 hours – $7,000
- VIP PLAN – 13% after 16 hours – $10,000
Red Flags and Warning Signs
Tradeslide Trading Tech Limited, a business duly approved and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with FRN 586466, is said to be the owner and operator of Fortune TradeFX. Take a look at it:
The issue here is that Fortune TradeFX (www.fortunetradefx.com) has nothing to do with Tradeslide Trading Tech Limited, despite the fact that it is actually licensed by the FCA under Firm Reference Number 586466. You can view the FCA’s warning against Fortune TradeFX and the licensed company’s details on the screenshots below.
Clone website scams are the name given to this type of fraud. As we’ve already mentioned, con artists purposefully attempt to convince dealers that they are members of an authorized and regulated business. They can accomplish this by copying corporate information, such as license numbers and, in this instance, the name of the licensed business.
Customer Complaints and Negative Reviews
A quick online search reveals a torrent of negative reviews and complaints against Fortune Capital Trade FX. These allegations range from manipulated trading platforms and hidden fees to outright theft of funds. Trust the collective wisdom of past victims and avoid this broker at all costs.
Got Scammed by Fortune Capital Trade FX? We Help Victims!
If you’ve fallen victim to Fortune Capital Trade FX’s scam, know that you’re not alone. While recovering your lost funds can be challenging, there are resources available to help. Reach out to financial regulators, consumer protection agencies, and specialized scam recovery services for assistance. Remember, the sooner you act, the better your chances of getting some of your money back.
If you have not got any support from these sources, you can contact us. You will get a free consultation and recovery service recommendations to get help in recovering the lost funds.
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