Updated on January 26, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Fort Financial Services due to the issues we've identified.
Is Fort Financial Services Scam or Legit Broker? ▲
Fort Financial Services represents a significant risk to traders due to its 100% fraudulent operations. The firm operates under an offshore registration and lacks any form of reputable financial regulation. Trading with Fort Financial Services is strongly discouraged, as offshore brokers cannot guarantee the safety and security of financial investments. Their offerings might seem appealing, yet they lack the backing of authoritative entities that oversee the Forex market, leaving traders to rely solely on the broker’s promises – a perilous venture.
Despite obtaining authorization from the IFSC (Belize International Financial Service Commission), Fort Financial Services’ operational standards and business management practices fall significantly short when compared to those upheld by esteemed regulators such as the FCA or ASIC. The lenient oversight fails to ensure strict rule adherence or the highest level of customer protection.
What is Fort Financial Services? ▲
Established in 2010, Fort Financial Services Ltd, also known as FortFS, is an online trading service provider with a focus on offering financial services globally. The company, headquartered in Belize, aims to furnish investors with a stable source of passive income through an array of trading and investment opportunities, including trading signals, analytics, and advanced trading tools.
FortFS prides itself on advanced trading order processing algorithms and agreements with leading liquidity providers, earning international acclaim in the TOP 10 ratings of best ECN brokers with NDD execution. Despite promising competitive trading conditions, FortFS encourages clients to increase leverage to extremely high levels, a practice fraught with substantial financial risk despite its potential for higher returns.
Claimed international recognition in ECN and NDD execution.
Offers a range of trading and investment services.
Lack of reputable financial regulation.
Registered offshore, raising concerns about investment security.
Encourages extremely high leverage, increasing financial risk.
Operational standards significantly lower than those enforced by respected regulators.
Our comprehensive review reveals a predominantly negative perception of Fort Financial Services among traders. The absence of sharp criticisms does not mitigate the glaring issues identified with the brokerage. As such, we strongly advise against engaging with Fort Financial Services. Opting for a broker with a reputable, trustable reputation and regulatory compliance is a more prudent choice. The overall experience and ranking for Fort Financial Services is decidedly negative.
Fort Financial Services Update ▲
Recent investigations have led to the discovery that the Fort Financial Services website is no longer active, indicating the cessation of its operations. Given these circumstances, it is advisable to remain vigilant and steer clear of any potential offers from this broker to safeguard one’s financial interests.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.