FortifiedTrade

This review is dedicated to the brokerage firm FortifiedTrade, which promises to provide all the necessary resources for professional and easy trading, including a modern platform, fast execution, reliability, and security. The broker is based in the UK, but does not have any licenses, including from the FCA, and the foundation date is unknown. The company appears to be highly secretive, so our task is to meticulously examine its activities, conditions, and other aspects to ultimately deliver a verdict.

Overview of FortifiedTrade

Before funding a deposit anywhere, one must thoroughly investigate the place. Is the firm legitimate, or are there any suspicious aspects or disconcerting facts? This is what we will explore in our review of FortifiedTrade.

Broker History

The company meticulously outlines its mission, what it offers to traders, the challenges its leadership faces, and reasons why it’s the best in the field. However, at the same time, it does not disclose its founding date, business model, or licenses. FortifiedTrade claims its headquarters are in London, yet it lacks legal documents and registration numbers – providing only a legal address. Regarding licenses, the organization assures its regulatory status is underway but offers no further details.

Fortifiedtrade.co Website

The official website of the company has both positive and negative aspects. On the plus side, there’s an intriguing approach to layout and design. FortifiedTrade uses a white and purple color scheme with images and graphic elements that evoke high technology and financial markets. The site navigation is simplified, featuring a standard top panel where users can explore a range of information:

• About us.
• Affiliates and fees.
• Platform, terms, and account types.
• Legal documents.
• FAQs and blog.
• Contacts.

On the downside, there’s an overabundance of text and a mountain of meaningless sentences. It seems as though FortifiedTrade’s goal was to fill the site with informational noise and senseless content to appear as a serious and sophisticated broker. The amount of useful data is minimal, and the firm adheres to a policy of anonymity and secrecy. The website’s generic template is also noteworthy; its overall structure is indistinguishable from many similar sites.

Registration Process and Personal Account

The process of creating a personal cabinet hardly differs from other brokers. FortifiedTrade asks for your name, password, contact details, and other client information. You can also add a promo code and choose a currency (USD, EUR, or GBP). Moreover, it is essential to agree to the terms, and the trader must be over 18 years of age.

Unfortunately, the company has closed registration, so we cannot explore the personal account interface. The fact is that FortifiedTrade mandatorily requires a promo code to be entered. It is a significant oversight by the firm, as other intermediaries, even with an affiliate program, allow for account registration without this miracle code.

On the official website, there is a document explaining the AML & KYC policy, while FortifiedTrade merely insists that traders comply with AML & KYC. It is worth noting the absence of a detailed description of what documents are required, how the process goes, and how much time the technical support will take to process the documents. In other words, there is virtually no information available without registering an account.

Trading Platform

It is unknown which specific terminal the broker uses, as it does not even provide screenshots of the platform. We cannot test this terminal in practice due to the closed registration via a promo code. However, it is unlikely that any advanced software is used here, as FortifiedTrade talks about the standard Webtrader.

The company claims its platform is easy to learn and use, offers advanced features like automation and copy-trading, and runs on various operating systems and devices. FortifiedTrade suggests that its terminal meets the needs of modern traders by being portable and scalable, and it integrates various analytical tools and market insights to help traders make informed decisions.

Contacts

FortifiedTrade only lists two British phone numbers for contact:

• +442038465537 – technical support.
• +442038465556 – trading.

The headquarters is located at 20 Bank St, London E14 4AD, United Kingdom. The absence of an email address and an online chat is surprising, without which it will likely be difficult to promptly contact staff.

Analysis of Services Offered by FortifiedTrade

Now let’s move on to examine the trading conditions, how money is transferred, and what additional opportunities exist.

Funding and Withdrawal

Regarding the methods of deposit and withdrawal, as well as their terms, the broker is not very open. It is known that money can be transferred using both fiat methods (credit/debit cards and bank wire transfers) and digital currency. However, when it comes to the processing times for withdrawal requests, FortifiedTrade does not provide precise data. No transaction fees are charged, but the company may start doing so at any time, so traders should be prepared for such a turn of events.

FortifiedTrade Trading Conditions

The trading conditions are only partially known. Details such as commissions, the type and size of the spread, swaps, and contract specifications are missing. However, it is more important to note the inadequate requirements for the minimum deposit. FortifiedTrade offers seven tariff plans:

• Bronze. The minimum deposit is €10,000.
• Silver. From €25,000.
• Gold. From €50,000.
• Platinum. The minimum is €100,000.
• Diamond. At least €250,000.
• Premium. €500,000 and more.
• VIP. For amounts from 1 million euros.

The initial deposit starts at €10,000. A quick comparison with the deposit requirements of many popular, well-known, and verified brokers suggests the absurdity of demanding a minimum of €10,000. Other tariff plans from FortifiedTrade are not even worth commenting on, as they simply involve exorbitant figures.

Additionally, the extra service leaves much to be desired: market reviews, e-books, webinars, social trading, personal assistance, help from a specialist, and customized accounts. Such services should be provided to all traders without exception, rather than being divided into tariffs with a six-figure deposit.

FortifiedTrade also offers an Islamic type of account, but there is no demo account available. Would you still want to “test” the platform with €10,000? The broker could have at least offered a demo account for testing the service without the risk of losing money.

A credit leverage of up to 1:400 is a blatant violation of regulatory requirements. Since the company likely does not have a license, it disregards regulatory prohibitions against offering leverage of more than 1:50. And we have already mentioned the hidden terms above. Trading with FortifiedTrade is exclusively available for CFDs on forex, metals, indices, commodities, stocks, and cryptocurrency.

Unique Features

FortifiedTrade assists newcomers with educational materials and resources. Clients can explore e-books, articles, educational content, and also seek help from experts. Additionally, the requirement for a mandatory promo code suggests the presence of an affiliate program. Overall, there are no unique advantages or opportunities here, making the firm significantly inferior to its competitors in this respect.

Is FortifiedTrade Trustworthy and Reliable?

We have understood that the trading conditions here are unfavorable and not client-friendly, and there is a complete absence of a unique proposition. As for the security and reliability of the platform, that remains to be determined.

Assessing Legitimacy

Currently, the serious red flags include the high requirement for the initial deposit and the closed registration via invitation codes. There are other minor downsides, but we will not focus on them now. We need to verify FortifiedTrade’s legal address, as it is in the United Kingdom, and also the licenses that any broker operating in British jurisdiction should have.

The first step is to try to find the broker in the Financial Conduct Authority’s registry, as it must have a license. However, unfortunately, FortifiedTrade is not listed there. The conclusion is simple – there is no license.

Next, we’ll attempt to verify whether the firm is indeed registered and based in the United Kingdom, or if the legal address is fake. Unsurprisingly, such a broker is not found on the Companies House register. Here, the conclusion is just as simple – the firm is illegal.

Established Track Record

Regarding the period of FortifiedTrade’s operation, the situation is also bleak and unfavorable. It is unknown when the company began operations since the legal entity is not registered, and therefore, there is no foundation date. The illegal broker is also silent about the launch date on its website. The only option left is to check the domain registration date. The first domain was created in August of 2023. It indicates a very brief and limited period of operation. Now the broker operates at fortifiedtrade.co domain.

Implications for Traders

And what do you think, can a brokerage company be trusted with 10,000 euros? Especially knowing and understanding that the broker has no license, the legal address is fake, there are zero guarantees, and it is unknown where the firm is actually registered. We think the answer to such a question is obvious and clear. FortifiedTrade is a fraudulent and illegal organization that has concocted an office in the United Kingdom to create the illusion of a serious brokerage intermediary. Do not think about investing money here; you are guaranteed to lose it.

Strengths and Weaknesses of FortifiedTrade