As a large number of forex firms realized that there was a land of opportunity in the market, forex activities, as well as the forex scams, have significantly increased. The delayed processing of withdrawal requests and no response on emails or phones are usually the early indicators that something may be wrong with your broker.
BrokersView recently learned that some clients of FORTFS, a forex broker operating under the website https://www.FORTFS.com/, are complaining about the company's delayed withdrawal and non-responsive customer service.
Unable to Withdraw&No Response on Emails
Recently, some of the clients of FortFS posted their experience with the broker.
“Fraudulent broker, you are under maintenance for more than 48 hours, the platform not working and no support to help. The telegram group is deleted.” An investor said.
Some bad complains are easy to read, such as “FortFS is a fraud broker, it's scam, took away all his money” or “I can not access my dashboard anymore. No response on my emails. I want to get my money back.”
Moreover, one of the victims said that when he wanted to close his accounts by FortFS and get his 2500 USD back, he found unexpectedly he was canceled from system administrator. When he tried to log in, he just got the message “You have been banned by the system administrator”. and also he received no reply.
(Screenshot from an inverstor)
Operates Without any Regulation License
To be able to offer forex trading service, the broker must get the necessary license(s) from regulator(s). As the information we hold, the FortFS operates without any regulatory licenses except its registration with SVG FSA who does not regulate forex trading. As a forex trader, you must know that a broker offers trading without licenses, meaning it doesnt respect the laws and become a fraudulent broker.
Brokers who don't have regulated licenses like FortFS will not try their best to refuse to pay your money back when you made withdrawal requests. BrokersView advises investors to exercise extreme caution when come across these alike brokers and to only deal with forex brokers that are authorised by the regulators.
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