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FortifiedTrade Review | The Best Trading Resources or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
FortifiedTrade - logo

The little-known brokerage company FortifiedTrade offers the best trading resources to turn you into a pro trader, as well as a reliable platform on which various financial assets are available. However, we have suspicions regarding the broker’s safety because it does not have a license, despite having a headquarters in the UK. Meanwhile, the firm clearly adheres to a policy of secrecy and opacity, which is hardly a positive factor. Online reviews are too scarce to draw any conclusions, so you will have to investigate for signs of scam on your own or read our article.

Highlights

🏛️ Country United Kingdom
⚠️ Regulation
🖥️ Website https://www.fortifiedtrade.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit 10,000 euros
⚖️ Minimum and Maximum Leverage 1:400
⚙️ Trading Platform WebTrader
📨 E-mail
📞 Phone +442038465537, +442038465556

First Impression of Fortifiedtrade.com

At first glance, the official website looks interesting, beautiful, and unusual. However, beneath such a design hides a template and typical site, where the top part contains standard sections about the company, platform, and other conditions, and the main page is abundant with pseudo-advantages, meaningless text, and clichéd phrases. Moreover, it is important to note that FortifiedTrade does not provide specific information but only tells generalized phrases.

FortifiedTrade - site

The site is translated into 9 languages besides English. Among the languages featured are Hindi, Japanese, as well as other Asian and European languages. Legal documents are not presented, a risk warning is missing, but there are plenty of sections with meaningless walls of text. It is hardly possible to say that FortifiedTrade has a quality and user-friendly website.

Partnership and Bonuses

The conditions for the affiliate program are not disclosed, but it exists. At the moment of account registration, you can specify a referral code, which hints at the presence of an affiliate program. Strangely, it is not described anywhere at FortifiedTrade. It is unknown whether the broker has bonuses, as they are not mentioned anywhere.

Account Opening on Fortifiedtrade.com

In order to get a more detailed look at the personal cabinet and trading platform, it is necessary to register an account. The registration procedure at FortifiedTrade is similar to that of other brokers. It is enough to provide your first name, last name, email address, phone number, country, account currency, password, and promo code. You also need to agree to the user terms and confirm that you are 18 years old.

Registration

Surprisingly, the promo code turned out to be a key point in registering a personal cabinet. The fact is that it is impossible to create an account without a referral code. Where to get this magic code? Unknown. In any case, it is a negative sign. By the way, FortifiedTrade also lacks a demo account.

Verification

The verification process at the broker is standard, as with any other financial company. However, the procedure is not described in detail on the website, but it can be stated with certainty that FortifiedTrade complies with the AML&KYC policy, so customers need to provide documents for verification. How the process is arranged, whether it is convenient to do it or not, is unknown.

Pros
  • Not found.
Cons
  • It is not possible to know the details of KYC without pre-registration.

Trading Software

Since it is impossible to register an account with FortifiedTrade, it is also impossible to practically check what the platform looks like and what capabilities and options it has. The broker describes its platform as the best software, rich in tools and features. It is not surprising, as every company will praise its terminal to the fullest. We are left with no choice but to believe what is written on the website. It is not recommended to do so, as such organizations are prone to lying and exaggerating, but there is no other option.

FortifiedTrade’s terminal is presented in the form of WebTrader. There is no desktop version, as well as a separate mobile application for Android/iOS. At the same time, the platform is adapted for smartphones, but trading in this way is still inconvenient and impractical. It is much more comfortable to trade in a separate application rather than through a mobile browser. The absence of desktop software is also a significant drawback. The web version is significantly inferior in performance and functionality to the desktop one.

Features FortifiedTrade TradinBull Virgobanc
Demo Account
Mobile App
Own Development

How Can I Trade With FortifiedTrade?

The company offers trading exclusively in CFDs, and there are no spot assets or futures contracts here. To increase the trading volume, FortifiedTrade provides leverage up to 1:400, but one should not forget about the risks, which increase exponentially when using leverage. Additional opportunities depend on which tariff the trader chooses.

All Info About Accounts

FortifiedTrade offers seven different types of accounts:

  • Bronze. The minimum deposit is 10,000 euros. The client receives market reviews, e-books, webinars, and access to social trading.
  • Silver. For deposits from 25,000 euros. Additionally, includes videos on demand.
  • Gold. From 50,000 euros. Includes 1 risk-free trade and a personal assistant.
  • Platinum. From 100,000 euros. Here, FortifiedTrade adds the following services: customized account, and access to the trading room.
  • Diamond. At least 250,000 euros. In addition to the aforementioned opportunities, the trader receives assistance from a specialist and exclusive marketplace updates.
  • Premium. From 500,000 euros. Surprisingly, the conditions are the same as in the “Diamond” tariff.
  • VIP. For amounts from 1 million euros. No different from “Premium”.

Account types

How can the trading conditions offered be characterized? Complete insanity. Who came up with these conditions? A minimum deposit of 10,000 euros is some kind of nonsense; where have you seen such restrictions on the initial deposit? All well-known, verified, and safe brokerage companies provide access to their platform even with $10 in your pocket. Where are the explanations for each service, what does it entail? And the differences between the tariffs are insignificant. In short, the conditions at FortifiedTrade are unfit for trading.

A leverage of 1:400 is a serious violation of regulatory requirements. These are the first hints at the lack of a license at FortifiedTrade. Commissions and the size of spreads are not specified. A demo account is absent. The minimum deposit is mega-high. How many more disadvantages can one find with the broker? Well, at least there is an Islamic type of account, some small plus.

Pros
  • There is a swap-free option.
Cons
  • Inadequate minimum deposit requirement.
  • Important conditions are hidden.
  • No demo account.

Market Analysis and Education With Fortifiedtrade.com

Educational materials, articles, help from experts – all this is available at FortifiedTrade, as well as a scrolling line with online quotes, basic information about trading, CFDs, Forex, cryptocurrencies, and an FAQ section. However, such auxiliary but important widgets as an economic calendar and a news feed are absent.

Deposit, Withdrawal, and Fees

You can replenish the balance of your deposit using bank cards, bank wire transfers, and digital currency. Funds are withdrawn using the same method as was used for deposit. FortifiedTrade does not disclose exact details regarding withdrawal commissions, but reminds users that it may charge fees. Also, the processing time for withdrawal requests is not specified.

Features FortifiedTrade Graystone Venture Capital TorroCapital
Debit/Credit Cards ✔️ ✔️
Electronic Payments
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Contact details are presented only by two telephone numbers. For unknown reasons, email is absent, as well as online chat, and social media accounts. It will not be possible to quickly get in touch with the managers of FortifiedTrade.

Pros
  • Not found.
Cons
  • Email, social media accounts, and online chat are absent.

Is FortifiedTrade Dangerous?

A broker that does not allow free registration of a personal account without a promo code does not inspire trust at all. In addition, the trading conditions are completely insane and disadvantageous. At the same time, the website absolutely does not disclose information about the company’s activities. Now we will study the period of the firm’s operation, whether it has licenses, and then we will make a verdict.

How Long Does The Broker Work?

Why does FortifiedTrade not disclose its foundation date? Perhaps, is it too short a period? After all, any reliable and transparent broker will definitely indicate the date of its establishment. Registration documents are not available on the website, but there you can learn when the platform was launched. Let’s refer to the website’s domain, or rather to the date of its registration. It will help to understand when the organization started serving customers. The website’s domain was registered on August 17, 2023. That’s when the broker began its operation.

Domain

How Is FortifiedTrade Regulated?

It is a British broker, so we need to look for a license from the UK regulator, which is the Financial Conduct Authority. We checked the FCA register, but FortifiedTrade was not there. It turns out that the company does not have any licenses.

FortifiedTrade - FCA

We also decided to check Companies House, the registry of legal entities in the UK. The firm indicates an office address in London, so it should be officially registered. And not surprisingly, FortifiedTrade is not present in this registry. Where is the organization registered? And is it registered at all?

FortifiedTrade - Companies House

Features FortifiedTrade AiFxMarkets Modus UK Limited
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With FortifiedTrade?

On the website, there is a guide on how to start trading. First, you need to choose a tariff plan, then register an account, and after that, deposit funds. You will also need to undergo identity verification. However, it is impossible to create a personal cabinet without a promo code.

Is FortifiedTrade Legit?

Checking the Financial Conduct Authority's register showed that there is no such company listed. It means that the broker is not licensed, and therefore operates illegally. In addition, we could not find the firm in the registry of legal entities.

How Risky Is It?

Cooperation with FortifiedTrade is very risky. There is a high probability that the broker is a scam, which means that withdrawing funds would be impossible.
Kevin Berry
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Expert Opinion

Where is the license? Where are the legal documents? Where is the specified period of operation? Absolutely nothing. FortifiedTrade makes absolutely no guarantees. Moreover, it was found out that the legal address in London provided was fake. What we have before us is just some website that suggests investing 10,000 euros to start trading. Don’t even think about trying to find a referral code to register an account – it’s utter foolishness. Perhaps it’s even better that you can’t register without a promo code. Newbies won’t be able to create a personal account, so they won’t be able to transfer money to scammers.

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FortifiedTrade rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about FortifiedTrade

Interesting October 19, 2023 - 23:49
An acquaintance lost 12.5k euros here
The level of trust
Quick withdrawal of funds

Unbelievable. I recently talked to an acquaintance; he lost 12.5k euros here. Just lost 12.5k euros. He is a wealthy man; for him, it’s not a serious loss. But there are people who invest credit money in firms like this. It’s just horrendous! Moreover, the company stopped communicating, and the withdrawal of funds does not work. Can you imagine? Utter nightmare.

Reply
Nicholson Angels November 3, 2023 - 13:16
I don't recommend it.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I cannot recommend FortifiedTrade for trading, because it is an illegal broker with unfavorable trading conditions. Have you even read the trading conditions offered by the company? For example, the minimum deposit is a whopping 10,000 euros. Who would be ready to invest such amounts of money? Especially since the firm has no license. You can check the FCA register yourself to make sure that the company has no license based on your own experience.
I personally am not ready to invest 10,000 euros in an illegal organization. I prefer to cooperate with fully legal organizations. And those firms that don’t have a license, I believe, are scambrokers. That’s why I don’t recommend FortifiedTrade, precisely because of this, and because of the unfavorable conditions.
Moreover, it is also important to note that the trading conditions are not even disclosed. What commissions are there? And what about spreads? And what type of spreads? And what about swaps? In short, there’s complete secrecy. In general, I don’t recommend this scambroker. Especially since there is most likely also a fake platform with fake liquidity here.

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