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Fortnomics
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Fortnomics

United Kingdom
2023-11-13
2
1.44
Rating Index
Software
4.96
Licensed
0
Risk Control
1.2
Experience
4.69
Institution
0
Industry Classification
C
High Risk
Trading Platforms

Mobile (iOS/Android) Desktop Web-based

Basic Information

  • Registered Region
    United Kingdom
  • Operation Status
    Suspected of fraud
  • Operating Period
    2023-11-13
  • Deposit Methods
    Bank wire transfer, VISA/Mastercard, Skrill/Neteller, cryptocurrency wallets
  • Website
  • Market Type
    Foreign exchange Stocks Commodities Cryptocurrencies Indices CFD
  • Support Languges
    English
  • Main Business
    Claimed to offer forex currency pairs, global stock CFDs, commodities (gold, crude oil), cryptocurrencies (BTC, ETH, etc.), and stock index CFD trading services. No valid regulatory approval for these business scopes has been verified.
  • Business Type
    Brokerage
  • Social Media
  • Contact Details
  • Type of Accounts
    Standard Account (Minimum deposit $250) Premium Account (Minimum deposit $2,500) Professional Account (Minimum deposit $10,000) Demo Account (Virtual fund $10,000)
  • Trading Platforms

    Mobile (iOS/Android) Desktop Web-based

  • Withdraw Methods
    /
  • Auto Trading
    Not supported

Pros and Cons

Main Advantages

– Multi-asset trading coverage including forex, stocks, commodities, cryptocurrencies – Minimum deposit $250 for Standard Account – Supports MT4/MT5 trading platforms – Offers CopyTrade functionality

Main Disadvantages & Risks

– No valid regulatory license – Opaque company background – risk rating 3/10 – No disclosure of custodian bank information – No public telephone number or physical address – Incomplete fee disclosure – No negative balance protection or compensation fund coverage

Company Background

Fortnomics offers forex, commodities, crypto, and CFDs across different account types. This site offers 1:200 leverage, but no demo account. Despite little regulation, the site offers several features, including 24/7 client assistance.

Fund Security

Fortnomics is not regulated by the FCA or ASIC in Saint Kitts and Nevis (KN). This broker is unregulated in its own nation and by worldwide authorities, raising safety and legitimacy problems.

Account Opening

Step 1: Online registration – fill in full name, email address, phone number, country of residence Step 2: Set account password and select account type Step 3: Upload scanned copy of ID card/passport Step 4: Deposit minimum required amount Step 5: Start trading after deposit credited

Critical Risks

  • Ambiguous KYC requirements
  • Personal information security risks
  • Possible hidden terms or forced deposit requirements
  • No guarantee of account ownership or fund access

Trading Fees

Spreads: EUR/USD 1.3 pips (Standard Account), 0.8 pips (Premium Account), 0.3 pips (Professional Account) Commissions: Professional Account $5 per lot (round turn), other accounts no commission Undisclosed: Overnight interest rates, deposit/withdrawal fees, inactivity fees, currency conversion fees

Trading Instruments

The platform supports a web version (available for desktop and iOS/Android mobile devices, meeting the needs of traders at all levels), a desktop client (supporting Windows and macOS, designed for advanced and professional traders), and a mobile application (fully compatible with Android and iOS systems, providing convenience for mobile scenarios and light traders), building a complete multi-terminal trading ecosystem.

Trading Technology

The platform supports a web version (available for desktop and iOS/Android mobile devices, meeting the needs of traders at all levels), a desktop client (supporting Windows and macOS, designed for advanced and professional traders), and a mobile application (fully compatible with Android and iOS systems, providing convenience for mobile scenarios and light traders), building a complete multi-terminal trading ecosystem.

Research and Education

Educational Resources: Basic trading tutorials (platform operation, trading terminology) Research Tools: Basic economic calendar No video courses, webinars, live training, market analysis reports, or advanced analysis tools

Customer Support

Fortnomics offers client service around-the-clock. There is phone, email, and online chat support. Contact Options Details Phone Support: +442038666778 Trading: +442038666779 Email Not specified Support Ticket System Not specified Online Chat Available Social Media Not specified Supported Language English Website Language English Physical Address 11 Westferry Circus, London E14 8RH, United Kingdom
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Rating Instructions
Rating Index
Fortnomics
Fortnomics
Unregulated
Legal Environment
4.96
License Value
0
Risk Management
1.2
Investor Protection
4.69
Regulatory Policy
0
  • Software

    Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.

  • Institution

    Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.

  • Licensed

    Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.

  • Risk Control

    Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.

  • Investor Protection

    Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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