Fortexo Review: Transparent Account Types and Pricing
Fortexo Review: Transparent Account Types and Pricing

While unregulated, Fortexo presents itself as the future of trading. Since we cannot say we trust those allegations without any evidence, we advise you to read our Fortexo review and check it all yourself.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Scammers Websites: fortexo.co
Blacklisted as a Scam by: BaFin
Owned by: Flab Group Ltd
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $1,000
Cryptocurrencies: Yes – BTC, ETH, XRP – total 20+
Types of Assets: FX, commodities, indices, shares, bonds, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No

What About Fortexo Regulation?

Fortexo broker is a brand of Flab Group LLC from Saint Vincent and the Grenadines. The broker is based in the exact location allegedly hosting other fraudulent firms such as OctaFX, HYCM, and more. 

At the same time, the brand has been promoted by a notorious Bitcoin System campaign, supporting other fraudulent firms.

After acknowledging all this information, we can only say that you are advised to look for a broker with a Tier1 license such as FCA, ASIC, or BaFin. Only then will you have a guarantee for the funds.

In addition to the above, we strongly advise you not to invest in Crystalead, Qteck and Tredero fraudulent brokers.

What Can You Trade With Fortexo?

While everything else is faulty, we will give Fortexo points for a diversified offer of trading assets. The broker provides trading with:

  • Currency pairs
  • Commodities
  • Indices
  • Shares
  • Bonds
  • Cryptocurrencies

Allegedly, the spread is raw and starts from 0.0 pips. However, since the broker doesn’t have a Demo account and we were unwilling to invest our funds with a fraudulent firm, this will remain a question.

Fortexo Warnings From Financial Regulators

BaFin Against Fortexo

Conducting a scam is one thing, but running a scam without being noticed is another. Based on numerous Fortexo complaints, German regulator BaFin started an official investigation and ordered this fraudulent company to stop providing services in Germany.

Pay Extra Fees Before Withdrawal

As funny as it sounds, Fortexo doesn’t allow clients to just withdraw their funds. It’s a painful process, and the broker’s account managers are actually requesting clients to pay fees before withdrawals. Even then, don’t think you will get your funds back. It’s another scheme the broker came up with.

You will be asked to pay 20-30% of the withdrawal amount under the name of alleged fees, and once you deposit the funds, you will never be able to reach the broker again.

Don’t fall for the Fortexo trading scam!

Also remember the names of the STX Brokers, FxGlory and Acceptrade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Fund Withdrawal Issues With Fortexo Broker

As mentioned, the broker is using different tactics to prevent clients from withdrawing funds. Besides additional fees, it’s using a bonus scheme. Every client is entitled to a certain amount of bonus, but nobody will tell them that they cannot withdraw their funds before paying that bonus off around 100 times. Is it really worth the money? We didn’t think so.

Areas Of Fortexo Scam

As per Fortexo reviews, the broker is mainly present in Germany and Switzerland. However, others are not safe as well, with the US being the only restricted area. Be aware that Fortexo is unregulated and your funds are being processed through unregulated payment processors.

Getting funds back from such is complex and may require assistance!

Traders About Fortexo Scam

If you have been scammed, there is most likely nothing good to say about the fraudster itself. That’s why traders were not willing to say anything nice about Fortexo, but the opposite. There are plenty of complaints about withdrawals, broker’s account managers who are extorting funds and not listening to clients, all the way to money magically disappearing after the payout request is submitted.

How Does Online Trading Scam Work?

Every online trading scam starts with an unrealistic ad showing huge profits from relatively low investments. However, once you fall for the scam and invest even a penny, your journey starts, and we can promise, it won’t be a nice one. With brokers such as Fortexo, there are no guarantees of funds, the broker is not obliged to follow any regulatory rules, and there is nothing to trust. 

As you had a chance to see, getting funds back is nearly impossible, so stay away from such stories.

Scammed by Fortexo? – Tell Us Your Story

If you were scammed by Fortexo or a similar bogus broker, let us know. Our chargeback specialists will be glad to assist you with the refund procedure and find the most suitable solution for you.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse fraudulent online transactions. For further details, please contact us via online chat and book a free consultation with our experts.

What Is Fortexo?

Fortexo is an online trading Forex and CFD provider without a license.

Is Fortexo a Scam Broker?

Yes, Fortexo is a scam broker blacklisted in Germany for fraudulent activities.

Is Fortexo Regulated?

Fortexo is not regulated and provides financial services illegally.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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