FortifiedTrade Review: A Platform Ready to Cater to All Your Needs or SCAM?

FortifiedTrade boldly presents itself as a platform ready to cater to all your needs. Well, in our review, we’ll conduct a comprehensive analysis of these claims and, of course, determine whether they’re truly reliable or just another unscrupulous scam.

FortifiedTrade General Information

Registration and Client Portal Review

The official website is a multilingual platform, offering translations in several languages, including Spanish, French, and even Japanese. These multilingual options can be a positive aspect for users. However, when it comes to design and content, it follows the typical pattern seen in many similar projects. The dominant color scheme is the enigmatic dark blue often favored by such platforms. The website is rich in self-promotion but lacks substantial information about the company itself, making it necessary to dig through various sections for any valuable insights. Nonetheless, it does contain some useful tools and features.

FortifiedTrade appears to offer a simple registration process. You type in your name, contact details, and eagerly click the “Register” button, expecting to be welcomed into the world of online trading. However, just when you think you’ve got it all figured out, reality hits.

It turns out, this registration isn’t the walk-in the park it pretends to be. It’s more like trying to find Waldo in a sea of look-alikes. The elusive piece of the puzzle? A referral code.

So, where do you find this golden ticket, you ask? Well, the platform’s website remains tight-lipped about it. You might need to embark on a grand quest, contacting mysterious managers and deciphering riddles in the dead of night.

All in all, this rather unusual approach to registration does raise eyebrows. It makes you wonder if this firm is trying to keep something hidden, or if they simply enjoy turning registration into a scavenger hunt. Either way, it’s not the user-friendly experience we’d hope for when considering an online trading platform.

FortifiedTrade Trading Conditions

So, it has boldly claimed to be “the most reliable platform.” Well, that’s a strong statement. Now, it’s time to put this claim to the test and see if it holds water. Are they the real deal, or is this just another case of “all talk, no substance”?

Account Types Review

The company offers a grand total of seven account types, each with rather conventional names: Bronze, Silver, Gold, Platinum, Diamond, Premium, and VIP. Sounds impressive, right? Well, let’s take a closer look.

First and foremost, these accounts come with minimum deposit requirements that might make your jaw drop. The Bronze account requires a minimum deposit of 10,000 euros! As for the others, they go even higher: 25,000, 50,000, 100,000, 250,000, 500,000, and, of course, a staggering 1 million euros. Are you as bewildered as we are? Because these requirements are far from what you’d typically encounter with a legitimate brokerage.

Oddly enough, the broker conveniently leaves out crucial details like leverage and spreads. Instead, the account descriptions seem to focus more on promoting additional services, including risk-free trades, a customized support approach, and other, shall we say, “bells and whistles.”

All in all, it’s hard to take this seriously; it appears to be more about marketing than providing a solid trading experience.

Trading Platform

Regrettably, our attempts at registration have been thwarted, preventing us from offering a firsthand view of FortifiedTrade’s trading terminal. However, even without direct access, we have garnered enough insights to provide an evaluation.

The employed trading terminal appears to be affiliated with Easy Technologies, and our preliminary assessment isn’t too encouraging. This platform seems to offer a somewhat restricted range of features and provides traders with only a minimal set of essential indicators.

FortifiedTrade — Deposit and Withdrawal of Funds

The broker provides a list of funding methods on its official website, although the accuracy of these claims remains questionable. There are a couple of reasons for our skepticism. Firstly, we still lack access to the client portal, which prevents us from confirming these details directly. Secondly, no specific banking details or payment requisites are readily available to the public.

In general, the company suggests that clients can use credit or debit cards, bank transfers, or cryptocurrencies for both funding and withdrawal purposes. However, it’s noteworthy that FortifiedTrade does not specify how quickly withdrawal requests will be processed. They simply state that the processing time will depend on the chosen payment system.

Furthermore, it implies that they may charge a fee for withdrawals made more frequently than once a month, but the exact amount of this fee is not disclosed.

Verification

FortifiedTrade insists on clients undergoing a verification process, even when the initial registration process remains a bit perplexing. Nonetheless, this verification procedure, in itself, is relatively straightforward and expeditious. It generally entails the submission of identification documents and potentially some financial information.

However, we’d strongly advise against rushing into the verification process until the authenticity and trustworthiness of the broker are firmly established. Verifying personal details and financial information is a sensitive step, and it’s crucial to be certain that you’re dealing with a reputable and legitimate broker before providing such information. With many concerns surrounding, exercising caution and due diligence is of utmost importance.

Additional Options

The necessity of a referral code hints at the possibility of a partnership or affiliate program within FortifiedTrade. Strangely, there are no overt mentions of such a program on the official website, which raises suspicions.

Regarding the additional services offered by the broker, we have already briefly outlined some of them in the trading conditions. However, there doesn’t appear to be anything particularly enticing. This is primarily because it remains entirely unclear what caliber of analysts will be assisting you and what their professional qualifications may be.

Is FortifiedTrade a Scam?

We’ve established that it presents us with questionable trading conditions. Now, let’s delve deeper into whether it’s a broker that can be trusted at all.

Legal Information and License

FortifiedTrade remains an enigmatic broker, shrouded in mystery. It withholds crucial legal information, such as the official name of its managing company and its place of incorporation. Based on its office address and phone number, one might assume that this broker is based in the United Kingdom. To verify this, we conducted a search in the corresponding registry. Surprisingly, we couldn’t find any company registered under this name on the UK’s list of legal entities. We also checked for the presence of a license, which was conspicuously absent. It’s perplexing that this elusive broker boldly demands a minimum deposit of 10,000 euros, considering its lack of transparency and legal standing.

Fortifiedtrade.co Domain Info

Adding another layer to this dubious broker’s reputation is its incredibly short lifespan. We investigated the official website and discovered that the domain was registered as recently as August 17, 2023. This makes it an astonishingly new project, one that is strikingly ambitious yet significantly lacking in substance.

This article has been updated. Probably, the dealers have fallen under the ban of financial regulators, as a new site fortifiedtrade.co is now in operation. It is registered until September 2024.

Contacts Review

While we did locate a phone number for the broker, their email address remains elusive. Additionally, there’s an office address provided, but we strongly advise against any visits. You won’t find a welcoming team of managers there – in fact, you won’t find anyone at all. This address seems to be as empty as the promises FortifiedTrade makes.

Pros and Cons

2.6 TOTAL SCORE

FortifiedTrade Summary

It is far from an ideal brokerage. In fact, it more closely resembles a dubious website designed to exploit unsuspecting traders. The lack of transparency regarding its legal standing, unreasonably high minimum deposit requirements, convoluted registration process, limited trading information, and the recent domain registration raise significant red flags.

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Website information content 3

Client Portal 2

Trading conditions 3

Trading platform 3

Deposit and withdrawal 4

Verification 3

Extra options 3

Licenses and guarantees 1

Work duration 1

Feedback 3

Frequently Asked Questions (FAQ)