Table of Contents
Fortnomics is another scam broker to be wary of, linked to notorious scam brokers like Blantomic, HighBTCstock, TheBtcPro and Chronovalor.
This review covers the key aspects, services, customer feedback, and regulatory warnings to highlight why you should avoid Fortnomics.
Key Points
Before diving deeper, consider these key points:
- Multiple regulatory warnings.
- Lack of proper regulation.
- Unverified company claims.
- Anonymous ownership.
- Numerous customer complaints.
Is Fortnomics a Legit Broker?
No, Fortnomics is not a legit broker. The Financial Services and Markets Authority (FSMA) and the French AMF have issued warnings against them for providing financial services without authorization:
Fortnomics falsely claims to be a registered CFD trading platform that complies with international regulations for financial service providers and industry standards.
However, there is no information about it in any regulatory registries except for the warnings issued against them.
Contact Information
- Address: 11 Westferry Circus, London E14 8RH, United Kingdom
- Phone Number: Support – +442038666778, Trading – +442038666779
Services Offered
Fortnomics offers a variety of trading assets, but the lack of regulation makes these offers risky.
Trading Assets
- Currency
- Stocks
- Indices
- Cryptocurrencies
- Commodities
Leverage & Spreads
Fortnomics claims to offer tight spreads, but provides little information about these spreads.
The maximum leverage is up to 200:1, which exceeds the regulatory limit in the UK (30:1), indicating non-compliance.
Deposit & Withdrawal Options
- Bank Wire Transfer
- Credit or Debit Card
- Internet Transfer
- Crypto Wallet Transfer
Account Types
Here’s a breakdown of the different accounts available at Fortnomics:
| Account Type | Deposit | Features |
|---|---|---|
| Bronze | €10,000 | Market Reviews, Trading E-Book, Webinar Access, Social Trading |
| Silver | €25,000 | Market Reviews, Trading E-Book, Webinar Access, Social Trading, VOD: Advanced |
| Gold | €50,000 | Market Reviews, Trading E-Book, Webinar Access, Social Trading, VOD: Advanced, 1 Risk-Free Trade, Personal Assistant |
| Platinum | €100,000 | Market Reviews, Trading E-Book, Webinar Access, Social Trading, VOD: Advanced, 1 Risk-Free Trade, Personal Assistant, Customized Account |
| Diamond, Premium, and VIP | €250,000 – €1,000,000 | Market Reviews, Trading E-Book, Webinar Access, Social Trading, VOD: Advanced, 1 Risk-Free Trade, Personal Assistant, Custom Account, Access to Trading Room, Trade Specialist, Exclusive Updates |
| Islamic Account | N/A | Market Reviews, Trading E-Book, Webinar Access, Spreads: Regular |
Trading Platform
Fortnomics offers a web-based trading platform, but user reviews suggest frequent issues, lack of intuitive design, and slow response times.
Customer Reviews
Customer reviews of Fortnomics are overwhelmingly negative. Common complaints include difficulties with withdrawing funds, poor customer service, and misleading trading information.
Many users feel scammed, with some reporting that their accounts were frozen or closed without explanation.
Copycat Websites
Fortnomics isn’t just a standalone scam; it appears to be a copy of other notorious scams and blacklisted brokers such as:
Conclusion
Fortnomics appears to be a high-risk broker with numerous red flags that potential investors should be wary of.
Their questionable regulatory status, poor customer reviews, and unreliable services make it difficult to trust them with your investments.
If you’re looking for a reputable and reliable broker, it’s advisable to explore other options.
FAQs
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Is Fortnomics regulated?
No, Fortnomics operates without proper regulatory oversight, which puts clients at significant risk.
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Can I withdraw my funds easily from Fortnomics?
Many users report difficulties and delays in withdrawing funds from Fortnomics, with some unable to access their money at all.
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What are the account types offered by Fortnomics?
Fortnomics offers various account types, but users often find that the benefits promised are not delivered.
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Is the Fortnomics trading platform reliable?
No, the trading platform has frequent issues and lacks robust security measures.
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Are there any positive reviews of Fortnomics?
Positive reviews are rare, with the majority of feedback being negative due to issues with withdrawals, customer service, and transparency.
