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Fortexo

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Operating status: SCAM

Website: https://fortexo.co/en/index.php

Broker violations and abnormal records
  • 2021-12-05 UK FCA Added Fortexo into the Unregistered Firm Alert

    On 6th October 2021, FCA released a notification that Fortexo has not been authorized to carry out investment services and activities in UK as a result of lacking the watchdog’s authorization. In other words, Fortexo is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker. You may visit: https://www.fca.org.uk/news/warnings/fortexo

    On 6th October 2021, FCA released a notification that Fortexo has not been authorized to carry out investment services and activities in UK as a result of lacking the watchdog’s authorization. In other words, Fortexo is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker. You may visit: https://www.fca.org.uk/news/warnings/fortexo
  • 2021-12-27 BrokersView has reviewed that Fortexo is an Unregulated Forex Broker

    Viewing its official website, we found that Fortexo is a brand owned by FLAB GROUP LTD from the Saint Vincent and the Grenadines(SVG) and claims to be registered with SVG Financial Services Authority (FSA) under the regulation number#25375 BC 2021. After searching with the registration number on the SVG FSA, we found that there is no mentioning of Fortexo company there. 

    Besides operating services without any licenses, the firm has already been remarked as a scam by UK financial authority FCA recently.

    On 6th October 2021, FCA released a notification that Fortexo has not been authorized to carry out investment services and activities in UK as a result of lacking the watchdog’s authorization. In other words, Fortexo is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker. 

    Viewing its official website, we found that Fortexo is a brand owned by FLAB GROUP LTD from the Saint Vincent and the Grenadines(SVG) and claims to be registered with SVG Financial Services Authority (FSA) under the regulation number#25375 BC 2021. After searching with the registration number on the SVG FSA, we found that there is no mentioning of Fortexo company there. Besides operating services without any licenses, the firm has already been remarked as a scam by UK financial authority FCA recently.On 6th October 2021, FCA released a notification that Fortexo has not been authorized to carry out investment services and activities in UK as a result of lacking the watchdog’s authorization. In other words, Fortexo is an unregulated forex broker. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-07 BrokersView has found that Fortexo is not working

    On 8 Jul 2022, BrokersView found the domain https://fortexo.co/en/index.php is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://fortexo.co/en/index.php is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is Fortexo a legit broker or not? Please check.

happyclient
Germany
2021-12-30
ANSWER Fortexo is NOT a legit broker and should be avoid at all events. Fortexo claims to be a brand name owned by FLAB GROUP LTD, a company registered in Saint Vincent and the Grenadines, but we didn't find any result in the registers of Saint Vincent and the Grenadines' Financial Services Authority (SVG FSA). Besides, the SVG FSA has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Fortexo is currently not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. What's worse, the UK's regulator FCA has added Fortexo into its blacklist and warned the public that this broker has been operating in the UK without a license. You can check full alert or warning here. As per the evidences above, our final conclusion is that Fortexo is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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10 comments

Ayman Steward
I have open new account qnd because of my phonedamaged and was unusable, I used another frndsphone and bcoz of this the system made myaccount inactive, also they took my funds and winningamount also. I contact to their risk management mailand also customer support but no response and theydon't want to listen the problem and understand thesituation. Looks like they are making fraud if you winand if you loose they say it's your luck. If problemsolved I'Il change my reviews.
2023-09-15
Reply
Jerry Kwan
Withdrawals from Fortexo are quick and hassle-free. I've never encountered any issues accessing my funds.
2023-09-11
Reply
Raja Muhammad Crooks
Fortexo, a scammer, leave away
2023-08-30
Reply
Mihail Suhaila
The game manipulated by the platform Fortexo itself keeps you deep in it. Even if you withdraw, he will let you pay taxes.
2023-08-29
Reply
Emilio Noor Adi
After reading online reviews that said they were scams, I asked for a refund, but they refused. I had an extremely terrible conversation with the agents before they hung up the phone on me. For some time, I waited for them to reinstate my acct, but nothing happened. Very bad broker.
2023-08-22
Reply
Abhinav Yusuf
Bad company!! Nothing worked as expected. So i filed a complaint to the website on my title/headline and got a refund! Don't believe Fortexo! Please keep your money safe!
2022-08-18
Reply
Sunil Montha
Since they never respond to complaints and only create delays to obtain your money, I sincerely hope no one puts their money here. Your money is taken, spent, and then they vanish. They are in no way reliable!
2022-08-15
Reply
Cristian Mezo
Fortexo is a scam broker they do not pay you your profit! They do not let me withdraw my money without any reason. I can't get any response from the customer service. Be aware from such a broker!
2022-08-11
Reply
Elena Krulwich
Better to avoid this broker, they offered big spread and complicated deal for documents submission. for sure the withdrawal will got problem also.
2022-08-08
Reply
Kat Arora
the slippage is bad! 11 Pips on 4pm (usdjpy), for a regular stop loss, no news event, nothing! That´s crazy!
2022-08-03
Reply
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