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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

FORTFS

Belize|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://www.fortfs.com/en

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

FortFS-Demo

Netherlands
MT4
3

Influence

C

Influence index NO.1

Indonesia 2.76
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
FortFS-Demo MT4
Server Location Netherlands

Influence

Influence

C

Influence index NO.1

Indonesia 2.76

Surpassed 19.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+371 67 66 0716
support@fortfs.com
https://www.fortfs.com/en
Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown St Vincent and Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+371 67 66 0716

Hindi

37167660716

Indonesian

6281379348759,6281373574543

Russian

8(800) 775-52-91

Broker Information

More

Company Name

Fort Financial Services Ltd

Company Abbreviation

FORTFS

Platform registered country and region

Belize

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    Sources

    FORTFS · Company Summary

    General Information & Regulation

    Fort Financial Services Ltd (FortFS) was founded in 2010 and operates from St Vincent and the Grenadines. The team has since expanded its services to Asia, with additional offices established in Malaysia and Indonesia. FortFS provides trading services in forex, CFDs and futures markets on several trusted platforms, catering to all levels of traders. FortFS is not subject to any regulation.

    Markets Instruments

    There are several markets to trade at Fort Financial Services:

    • Forex – Trade over 50 currency pairs including majors. Zero spread pairs are also available

    • Shares CFDs – Over 50 shares are available in global companies such as Visa and Twitter

    • Indices – Access some of the worlds biggest indices including the FTSE 100 and NASDAQ

    • Cryptocurrencies – Trade 13 cryptocurrencies including Bitcoin and Litecoin

    • Futures – Trade on bonds, indices, metals, currencies, and energies

    • Commodities – Trade on gold, silver, and oil in spot markets

    Minimum Deposit

    The minimum initial deposit requirement is quite low, only $5. Although this may sounds a good news, given the fact that FortFS is not subject to any regulation, traders are not advised to register real trading accounts here.

    Leverage

    Despite unlimited leverage claims, there are restrictions depending on account balance and account type. Leverage is available up to a maximum of 1:1000 with the Newbie, Flex and Fort accounts, and up to 1:100 with the Pro account:

    • $1 – $1,000 – 1:1000

    • $1,000 – $5,000 – 1:500

    • $5,000 – $20,000 – 1:200

    • $20,000 – $100,000 – 1:100

    • l$100,000+ – 1:33

    Spreads & Commissions

    With the Newbie and Flex accounts, floating spreads are available and start from 0.3 pips. With the Fort account, spreads are fixed from 2 pips, and in the Pro account, floating spreads start from 0.1 pips. Major pairs in the Pro account are the most competitive, at around 0.3 pips for the EUR/USD. In the Flex account, however, youre looking at around 1.2 pips for the EUR/USD. There is no commission charged on forex and precious metals, however, there is a fairly complex and variable commission structure for all the other assets

    Trading Platform Available

    The MetaTrader 4 (MT4) platform is one of the most popular servers among beginners and experienced traders. Its intuitive interface allows for a powerful and seamless experience, whilst its suite of advanced features suit various trading styles. The multi-functional MetaTrader 5 (MT5) terminal is the successor to MT4 and comes with a range of advanced tools suited to the more advanced trader. The powerful system allows for algorithmic trading and comprehensive price analysis.

    Deposit& Withdrawal

    FortFS offers several fast and mostly fee-free deposit methods:Qiwi,Skrill, Neteller, FasaPay, WebMoney, PerfectMoney, Visa/Mastercard, Local Asian banks (Indonesia, Malaysia, Vietnam, Thailand), Minimum deposits start from $5 (or currency equivalent) with WebMoney, PerfectMoney, Qiwi, Neteller, and Fasapay. All other methods require a deposit of $20 or equivalent. Users can withdraw funds using the same methods above and at the same commission rates. E-wallets are instant, card payments take 3 – 7 working days, and local Asian banks take up to 48 hours. Minimum withdrawal limits are $0.1 (or currency equivalent) for WebMoney, PerfectMoney, Skrill, and Qiwi; $5 for FasaPay and Neteller; $20 for card payments, and $15 for local Asian banks

    News

    WIKIFX REPORT: Scam Alert! Investors Complains Forex Broker FortFS Unable to Withdraw

    NewsWIKIFX REPORT: Scam Alert! Investors Complains Forex Broker FortFS Unable to Withdraw

    2022-05-30 16:52

    Forex operations, as well as forex scams, have expanded dramatically because a big number of forex organizations realized there was a land of opportunity in the market. The processing of withdrawal requests taking longer than expected, as well as no response to emails or phone calls, are usually early symptoms that something is amiss with your broker.

    WikiFX
    2022-05-30 16:52
    News
    WIKIFX REPORT: Scam Alert! Investors Complains Forex Broker FortFS Unable to Withdraw
    FortFS Review 2021

    NewsFortFS Review 2021

    2021-12-16 18:18

    Fort Financial Services (FortFS) is an award-winning trading broker. As well as the multiple platforms and customer service, this review covers live and demo account types, plus no deposit welcome bonuses. Find out if you should log in and trade with FortFS

    WikiFX
    2021-12-16 18:18
    News
    FortFS Review 2021

    User Reviews

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    User comment

    3

    Comments

    Write a review

    Aiden Leow
    more than one year
    I am saddened to hear that FORTFS has closed down. I used to trade with them regularly and found their platform and trading environment to be very user-friendly. I never experienced any issues with slippage and withdrawals were smooth. It's hard to believe that they have shut down, but I am grateful for the positive experiences I had with them.
    2023-03-30 11:06
    Reply
    0
    0
    币凡
    more than one year
    Guys, don’t waste your time or money anyway. FORTFS is a fake broker that was purely established to steal people’s money. Don’t give your money to these heartless brokers.
    2023-02-27 11:25
    Reply
    0
    0
    志强
    more than one year
    The company's website can no longer be opened, and I saw someone saying that they have been cheated out of money! Hope they can recover the funds soon.
    2022-12-16 17:22
    Reply
    0
    0
    7
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