I’ve extracted the site URL from the Fortrade Review, which is https://www.fortrade.com/. Based on the review, here’s a comprehensive write-up about this scam website:
Fortrade Review: A Scam Website to Avoid
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Fortrade is a Forex and CFD brokerage firm that claims to offer a secure and reliable trading experience. However, upon closer inspection, it becomes apparent that this website is a scam. In this review, we’ll delve into the reasons why you should withdraw your money and avoid Fortrade at all costs.
Unregulated and Unlicensed
One of the primary concerns with Fortrade is that it operates without a valid license or regulation. This means that the company is not held to any standards or accountability, leaving traders vulnerable to exploitation. The absence of regulatory oversight is a significant red flag, and it’s a strong indication that Fortrade is not a trustworthy platform.
Withdrawal Issues and Delays
Numerous traders have reported difficulties when attempting to withdraw their funds from Fortrade. The company often cites various reasons for the delays, such as "technical issues" or "verification requirements." However, these excuses are merely a smokescreen to conceal the fact that Fortrade is withholding funds from its clients. This behavior is unacceptable and demonstrates a blatant disregard for traders’ rights.
Poor Customer Support
The customer support team at Fortrade is unresponsive and unhelpful. Traders have reported being ignored or dismissed when attempting to address issues or concerns. The lack of effective support is a significant concern, as it leaves traders without assistance or recourse when problems arise.
Manipulated Trading Conditions
Fortrade has been accused of manipulating trading conditions to favor the house. This includes widening spreads, freezing platforms, and engaging in other unethical practices. These tactics are designed to increase the company’s profits at the expense of its clients, which is a clear indication of a scam.
Fake Reviews and Promotions
Fortrade has been known to fabricate positive reviews and testimonials to create a false sense of legitimacy. The company also engages in aggressive marketing tactics, offering bonuses and promotions that seem too good to be true. These tactics are designed to lure unsuspecting traders into the platform, where they’ll be subjected to the company’s scamming practices.
Conclusion
In conclusion, Fortrade is a scam website that should be avoided at all costs. The company’s unregulated and unlicensed status, withdrawal issues, poor customer support, manipulated trading conditions, and fake reviews are all significant red flags. If you’ve invested in Fortrade, we recommend withdrawing your funds as soon as possible and seeking a reputable trading platform. Remember, it’s always better to err on the side of caution when it comes to your hard-earned money.
Rating: 0/10
We give Fortrade a rating of 0/10 due to its numerous scams and unethical practices. The company has demonstrated a clear disregard for traders’ rights and has engaged in behavior that is designed to exploit and deceive. Avoid Fortrade at all costs and seek a legitimate trading platform that prioritizes transparency, fairness, and customer satisfaction.
Recommendation
If you’re looking for a reliable and trustworthy trading platform, we recommend exploring alternative options that are regulated and licensed. Some reputable brokers include:
- eToro
- AvaTrade
- XM.com
- IQ Option
These brokers have a proven track record of providing a secure and reliable trading experience. Always do your research and due diligence before investing in any platform, and remember to prioritize your safety and security above all else.