Score

1.53 /10
Danger

Fortex

United States

5-10 years

Suspicious Regulatory License

High potential risk

C

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Score

Regulatory Index0.00

Business Index7.14

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Fortex · Company summary
Fortex Review Summary
Founded 1997
Registered Country/Region United States
Regulation Unregulated
Market Instruments N/A
Demo Account Yes
Trading Platforms Fortex6 WebTrader, Fortex MT4WebTrader, Fortex MT5WebTrader, Fortex v.5, Fortex MobileTrader
Minimum Deposit N/A
Customer Support Live chat, contact form
Email: info@fortex.com (general info)
Soical media: Twitter, LinkedIn, Facebook, Instagram
Silicon Valley Headquarters: Tel: 650.591.8822 Fax: 650.591.8818,Fortex, Inc. Palo Alto Square, 3000 El Camino Real, Building 4, Suite 200, Palo Alto, CA 94306, U.S.A.

What is Fortex?

Fortex is a pioneering force in the trading industry, having redefined trading practices since its establishment in 1997. As the initial independent, multi-asset trading platform, Fortex has been dedicated to granting its clients direct and equitable entry to various markets.

Over the years, the company has experienced organic growth and has evolved into a prominent FX trading platform which facilitates an impressive $12 billion in currency trades and manages 500,000 tickets on a daily basis for a sizable community of traders worldwide. Its important to note that Fortex currently does not hold a valid regulation.

Fortex's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Global presence
  • Not regulated
  • Multiple trading platforms and mobile apps
  • Non- standard forex broker
  • Many years' industry experience

Pros of Fortex:

- Global presence: Fortex has a wide global presence, providing access to markets across different regions.

- Many years' industry experience: Found in 1997, with extensive industry experience, Fortex likely possesses a deep understanding of the market and customer needs.

- Multiple trading platforms and mobile apps: The availability of various trading platforms and mobile apps offers users flexibility and convenience in accessing the services.

Cons of Fortex:

- Not regulated: The absence of valid regulation will raise concerns about oversight and user protection.

- Non-standard forex broker: Being categorized as a non-standard forex broker will lead to skepticism about the company's practices and standards.

Is Fortex Legit?

Fortex currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. It makes investing with them risky.

If you are considering investing with Fortex, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

No license

Service Groups

Fortex provides a range of electronic trading solutions and infrastructure services that are particularly designed for institutional clients such as broker dealers, liquidity providers, banks, hedge funds, money managers, and investors. It offers a range of advanced trading tools and technologies, including algorithmic trading, customized liquidity pools, and real-time market data and news feeds, to support efficient trade execution and sophisticated trading strategies.

Trading Platforms

Fortex provides a comprehensive suite of trading platforms designed to cater to various trading preferences and styles. The lineup includes Fortex6 WebTrader, Fortex MT4WebTrader, and Fortex MT5WebTrader, which offer robust web-based trading solutions with user-friendly interfaces and advanced charting tools.

For those who prefer a more traditional desktop experience, Fortex v.5 delivers powerful functionality and deep market analysis tools. Additionally, the Fortex MobileTrader ensures that traders can manage their portfolios and trade on the go from their smartphones or tablets, providing flexibility and continuous access to the markets.

Trading Platforms

Customer Service

Fortex provides a live chat feature, allowing customers to swiftly have their queries addressed and receive prompt assistance with any issues they encounter. This convenient and efficient communication channel has the potential to enhance customer satisfaction and drive increased sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Email: info@fortex.com

Location Address Telephone Fax
Silicon Valley Palo Alto Square, 3000 El Camino Real, Building 4, Suite 200, Palo Alto, CA 94306, U.S.A. 650.591.8822 650.591.8818
Wall Street One World Trade Center, Suite 8500, New York, NY 10007, U.S.A. 646.612.7788 -
Boston 282 Moody St, Fl 4, Waltham, MA, U.S.A. +1 (857) 263-3899 -
Japan Ishikawa building 201, 1302-5 Ino, Sakura, Chiba, Japan +81 (434) 20-8851 -
Hong Kong 99 Queens Road Central, Suite 01-03, 66/F, Central, Hong Kong +852.2824.8569 +852.3965.3222
contact details

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, YouTube and Linkedin.

Fortex provides a contact form feature integrated into their trading platform, enabling traders to communicate directly with customer support or other traders. This real-time messaging capability offers the convenience of seeking immediate assistance or participating in discussions with fellow traders.

Conclusion

In conclusion, The company offers a range of electronic trading solutions and infrastructure services designed for their clients. However, the absence of valid regulation may raise concerns about the platform's overall safety and reliability for users. As with any financial service, it's important for potential users to conduct thorough due diligence and consider regulatory oversight when making decisions related to trading and investment activities.

Frequently Asked Questions (FAQs)

Is Fortex regulated?

No. It has been verified that this broker currently has no valid regulation.

What platform does Fortex offer?

It offers Fortex6 WebTrader, Fortex MT4WebTrader, Fortex MT5WebTrader, Fortex v.5, and Fortex MobileTrader.

Is Fortex a good broker for beginners?

No. It is not a good choice for beginners because it's unregulated. Trading with this broker is risky.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

User Reviews

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Alice S.Saitama
more than one year
I placed a sell order on GBPUSD & it will be deeper in loss when the sell candle stick pull down.then when buy pulls up it gets in profit.I tried reaching out to them but no response.I have recorded the live trades of my accusations and sent it to them. Fortex is manipulating trades and it does this to many traders who are not aware!!!
I placed a sell order on GBPUSD & it will be deeper in loss when the sell candle stick pull down.then when buy pulls up it gets in profit.I tried reaching out to them but no response.I have recorded the live trades of my accusations and sent it to them. Fortex is manipulating trades and it does this to many traders who are not aware!!!
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2024-06-28 15:27
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Fuadwjd
more than one year
I used Fortex as my broker, but I gotta say, I'm not impressed. They closed my positions without hitting my stop-loss, which messed up my trading plans. Once, I managed to break even with a tiny profit, only to come back a few hours later and find out I'd lost some money. Sadly, when I reached out to customer support, they told me they closed my positions at a different price level.
I used Fortex as my broker, but I gotta say, I'm not impressed. They closed my positions without hitting my stop-loss, which messed up my trading plans. Once, I managed to break even with a tiny profit, only to come back a few hours later and find out I'd lost some money. Sadly, when I reached out to customer support, they told me they closed my positions at a different price level.
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2024-03-10 23:23
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