Fortune Capital Trade FX Review: Avoid Getting Scammed!

The Spanish watchdog managed to catch this fraudster red-handed during the summer. We did our own investigation to uncover the malevolent plot. 

Hence, our unforgiving Fortune Capital Trade FX Review will open your eyes to the truth about this investment platform. Please read our analysis to find out how you can recover your hard-earned funds from dubious firms such as Fortune Capital Trade FX and Noble Markets. 

Legal Info: Is Fortune Capital TradeFX Regulated?

The trickster’s website claims this business is based in New Zealand (registration number #1168820). However, this registration ID belongs to a different company – Propio Holdings Limited. Fortunate Capital LTD was actually incorporated in the UK until its dissolution on March 14 this year.

As mentioned, we found a Fortune Capital Trade FX warning issued by the Spanish financial market authority, the CNMV. The warning appeared on July 10, 2023, saying that “Fortune Capital LTD is not authorised to provide the investment services…” This means that the firm is illicit.

Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the supervision of esteemed financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Fortune Capital Trade FX’s Targets?

According to godaddy.com/whois, the fortunecapitaltradefx.com website domain was created on August 20, 2022. Since then, the financial swindler has mainly been targeting unwary traders who reside in the following countries:

• United States;
• United Kingdom;
• Dominican Republic;
• Armenia.

The US and UK in particular are known for heavy financial market regulations, especially when it comes to digital assets. One of the key laws stipulates that each financial market participant is required to possess a necessary license or permit.

By now you know that Fortune Capital Trade FX is a virtually anonymous website with no authorization to operate anywhere. Even the firm’s website is bogus, per webparanoid.com. 

Trader Reviews – Sharing Experiences

Fortune Capital Trade FX received nothing but negative feedback on popular forums such as trustpilot.com and scamadviser.com. These complaints helped us understand how the investment scam functions.

“Each time you try to do a withdrawal they ask you to do another deposit to activate the withdrawal,”

one trader stressed, indicating that the firm attempted to charge an illegal upfront fee. 

There are a couple of fake reviews as well. It’s a common trick scammers such as Fortune Capital Trade FX and Time Markets use to create an illusion and deceive traders. For that reason, please avoid trading on unregulated platforms and instead stick to transparent and licensed providers.

How the Investment Scam Works

Judging by what we read on the forums, we concluded that this investment scheme works like any other – withdrawal issues are inevitable. Shady bonuses with strings attached are awarded to traders to prevent them from withdrawing funds while the scammer promises unrealistic daily returns.

Furthermore, it seems that Fortune Capital Trade FX demands an illicit upfront fee before allowing users to withdraw any funds whatsoever. 

There is also a referral program in-store. This is actually a Ponzi scheme in disguise, a plot designed to pay existing investors with funds collected from new investors. Please do not drag your close ones into this mess. In case you’ve already deposited your funds, we can help you recover the money.

Which Trading Platform Is Available?

The unscrupulous provider did not reveal whether there is a trading platform available or not, who takes over clients’ money and where it is invested, etc.

Nevertheless, if you want a pure trading experience, you should stick to licensed providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.

Available Investment Plans

Deposit and Withdrawal Process

The shady company did not disclose which payment methods can be used to deposit funds. However, we found out that funds can be withdrawn to Bitcoin wallets. Fees and the minimum deposit requirement are unknown as well, which just shows the alarming lack of transparency.

The reason why scammers prefer crypto payments is that they are extremely hard to trace and undo, plus such a method allows them to remain anonymous and run their schemes.

To reverse crypto transactions, you’re going to need to seek out professional assistance as these types of payments can be a nightmare to refund. Luckily, we have a team of experts that can help you recover your funds.

Key Facts To Consider About Fortune Capital Trade FX

To sum up our review, our verdict is that this investment platform is a pure scam that targets mainly traders from the United Kingdom, the United States, the Dominican Republic, and Armenia.

We do not recommend this platform because it is unregulated and blacklisted by the Spanish CNMV. Several traders reported withdrawal issues. In case you have also lost money to the Fortune Capital Trade FX scam, you must seek our professional help to recover your funds!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

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