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The WikiFX Score of this broker is reduced because of too many complaints!
FRTC.NET LIMITED
China|2-5 years| White label MT5|Chinese market only|High potential risk|
https://www.frtcnet.live/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
1
Server Name
FRTCNet-service MT5
Server Location 
Hong Kong
Hong KongContact
frtcnetlimited@gmail.com
https://www.frtcnet.live/
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
FRTC.NET LIMITED
Company Abbreviation
FRTC.NET LIMITED
Platform registered country and region
China
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2024-04-26
- 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 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
8 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Trying to get my money back
Betrayal is the theme of FRTC. They con you into giving them your money and then claim you must pay taxes on it in order for them to return your investment money.
2022-07-27 01:39
Unable to Withdraw
Probably the worst broker i've come across
The spread widens resulting in the trigger of the stop loss and when i asked to take out some of my money they threatened to liquidate the account if i don't pay a tax fee first, this is a very strange experience for me I looked at legal action from financial recovery authority Fintrack/ org just to get my investment back from FRTC Do not lose your money, you are advised to stay away from companies like FRTC.
2022-08-09 01:02
Unable to Withdraw
Fraud warning
Companies like this will take your money and never give it back unless you seek professional assistance, which was orchestrated by Assetsclaimback/com and was the only way I could get my investment of $76,900 out of FRTC. I just wanted to withdraw my money but I was taken through a series of back and forth with no actual solution in sight. My advice is to avoid FRTC because the broker's falsehoods and deceit severely infuriated me all to scam innocent investors.
2022-08-06 00:08
Unable to Withdraw
FRTC HAVE DECIDED TO BE FRAUDLENT
After injecting so many deposits and funding my MT5 account, trades were done and profits were made. It got to the withdrawal stage where i wanted to take out some of my funds, that was when i got to know i have been dealing with a scam company. i was asked to pay some tax fees and risk fees which sounded sketchy and inappropriate for a company that is suppose to be regulated on areas like that. Furthering my research , i stumbled on so many complaints on denied withdrawals by investors and also ran into fintrack/org who got on my case for a withdrawal chargeback which only took 3-4 working days. FRTC should do right and stop scamming more unsuspecting victims.
2022-08-05 18:55
Unable to Withdraw
Risk fund is required, otherwise the money would not be withdrawn
I started investing in this company in mid-May. My first application for withdrawal in mid-July was rejected. The platform required a certain amount of risk fund before processing the withdrawal.
2022-07-22 14:25
Unable to Withdraw
Fraud
I've lost count of the number of times I've gone through the same procedure of trying to get my withdrawal approved by sending emails and forms to the customer service representative on the line and being assured that it was being processed - only to call again and discover they had no record of ever speaking to me. It appears that they intentionally built up this mechanism to make it impossible to withdraw your investment.
2022-07-26 19:33
Unable to Withdraw
I WOULDN'T COME CLOSE TO THIS TRADING FIRM
Do not use this broker as a means to trade or invest because they have only dedicated their time to successfully convince investors like me into depositing large sums to their fraudulent trading scheme they also refused to close my existing positions so I went online and did it myself while also filing a case of stolen investment under the financial authority fintrack/ org I have asked them to return the outstanding balance of $72,000 but also got the profits returned as well Good thing I took a screenshot of some of my conversations with the broker.
2022-08-05 23:25
Unable to Withdraw
Unable to withdraw. The balance of account is cleared.
On April 15th this year, the liar Pan Xinglong added me as a friend by phone number and then asked me to chat with Line. Finally, the liar Pan XingLong (Pan Xinglong) tricked me into trading gold futures on this fraud platform and invested more than 200,000 AUD, and then made some US dollars. The account ended up with more than 227,000 US dollars. When I wanted to withdraw the money, the platform asked me to pay more than 68,000 US dollars on the grounds that my account violated the operation. After I paid part of the risk deposit, I still owed more than 40,000 yuan. Then Pan Xinglong took me to trade, and the platform turned the money in my account into a negative number. Finally, I asked to close the account and return my insurance money. The platform customer service pushed three No solution to push four, and no response to emails to them. This black platform has a total of 4 gangs. Guo Juan, Wang Jin Chen , Pan Xing long , Shi Meng long. Registered address: Unit G1, capital House 61 Amherst Road, London E81LL United Kingdom.
2022-07-26 14:34
FRTC.NET LIMITED · Company Summary
Note: Since FRTC.NET LIMITEDs official site (https://www.frtcnet.live/) is unavailable while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
FRTC.NET LIMITED is allegedly a suspicious regulated forex broker based in China and incorporated on 28 December 2018, claiming to provide its clients with leverage up to 1:400 on the industry-standard MetaTrader5 trading platform, but only serves in Chinese markets.
Market Instruments
FRTC.NET LIMITED is a forex broker that mainly offers forex trading, yet we cannot be if there are also other available trading instruments due to its broken links.
Account Types
According to the information on the Internet, FRTC.NET LIMITED appears to provide only one type of real account and the minimum initial deposit requirement is $1,000.
Leverage
A leverage ratio of up to 1:400 is offered by FRTC.NET LIMITED, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Trading Platform Available
The platform available for trading at FRTC.NET LIMITED is said to be the worlds most trusted and popular MetaTrader5 platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at FRTC.NET LIMITED is $1,000, which is much higher than most brokers. However, the broker says nothing about the available deposit and withdrawal methods.
Customer Support
FRTC.NET LIMITED‘s customer support can be reached by email: frtcnetlimited@gmail.com. Company address: Unit G1, Capital House 61 Amhurst Road, London, United Kingdom, E8 1LL. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
User Reviews
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User comment
2
CommentsWrite a review
FX1407413940
more than one year
Unregulated thieves!! They take your money and when you want it back they will ask for more and more personal details. I managed to get a refund only because they hadn’t traded my money and my credit card intervened. I was stupid to invest with FRTC.NET LIMITED. Please stay away from this broker. Don’t be as stupid as me.
2023-03-22 11:21
Mani Kumar Magar
more than one year
Do not trade with FRTC.NET LIMITED! Totally a scam company. Now their website is down and they don't respond to my messages at all.
2022-12-12 10:31 8
