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

FRTC.NET LIMITED

China|2-5 years|
Suspicious Regulatory License|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

Contact

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 : 2024-04-22
  • 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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Pyramid scheme complaint
Expose
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.

    News

    FRTC.NET LIMITED did not allow a victim from Taiwan to withdraw and even asked for an extra fee

    ExposureFRTC.NET LIMITED did not allow a victim from Taiwan to withdraw and even asked for an extra fee

    2022-08-11 17:14

    Although forex trading is one of the market’s most profitable businesses, many people suffered heavy financial losses every year. The biggest problem that many traders met lies in withdrawal refusal. In today’s article, we will expose how FRTC. NET LIMITED denies the victim’s withdrawal request and even puts forward unacceptable demands.

    WikiFX
    2022-08-11 17:14
    Exposure
    FRTC.NET LIMITED did not allow a victim from Taiwan to withdraw and even asked for an extra fee

    User Reviews

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    2

    Comments

    Write 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
    Reply
    0
    0
    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
    Reply
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