Fortresscapital claims to be operated by Fortress Capital Formation LLC., a company supposedly regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). While we did locate a firm called Fortress Capital Formation LLC in the registries of the aforementioned regulators, it is crucial to note that Fortresscapital, as a forex broker, must be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Therefore, it is required to be an NFA member. However, our search for the company in the NFA register didn't yield any results, suggesting that it is not authorized by these two financial watchdogs.
Additionally, the Financial Conduct Authority (FCA) has issued a warning against Fortresscapital for operating without proper authorization.
In essence, Fortresscapital is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Fortresscapital claims to be operated by Fortress Capital Formation LLC., a company supposedly regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC). While we did locate a firm called Fortress Capital Formation LLC in the registries of the aforementioned regulators, it is crucial to note that Fortresscapital, as a forex broker, must be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Therefore, it is required to be an NFA member. However, our search for the company in the NFA register didn't yield any results, suggesting that it is not authorized by these two financial watchdogs.Additionally, the Financial Conduct Authority (FCA) has issued a warning against Fortresscapital for operating without proper authorization.In essence, Fortresscapital is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.