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No — Fortrade is a real business. But the scam reports around it are under active investigation, and if you lost money to someone using its name, that is exactly what we investigate.
Send this to Forensics Source GroupFortrade is a UK-founded forex/CFD broker (operating since 2013) that is genuinely FCA-regulated — but that carries one of the poorest review records of any licensed UK broker and a serious clone-impersonation problem. These are the facts that check out on public registers — the complaint record is what our review is still working through:
Checking out is not the same as closed: the complaints against Fortrade are under active investigation, and none of the facts above protects you from a fake. Most 'fortrade scam' searches trace to impersonators, not the platform itself — the ones that don't are the reason we investigate.
One more thing before you deposit: the complaints around Fortrade are under investigation — by us, not by a regulator. The complaint record is the counterweight. Trustpilot for fortrade.com sits around 1.9/5 from ~558 reviews, dominated by: relentless cold calls after a demo signup (one user reports 15+ calls in two months), withdrawals questioned or stalled, a documented case of a €50 profit denied and “kept”, and account managers pressuring deposits. There are regulatory blemishes too: CIRO fined the Canadian entity CAD $2,000,000 plus $100,000 costs for prohibited recommendations to unsophisticated retail clients, and its Belarus NBRB forex licence was revoked. Finally, WikiFX exposure articles document fake Fortrade clone sites harvesting deposits — some “missing deposit” complaints are actually clone victims, which is why the FRN check matters.
Both feel identical from the inside. They are fixed by completely different routes — and the fastest way to tell them apart is to ask three questions.
If it is the real platform: your dispute runs through its formal complaints process, then the regulator or ombudsman. Slow, but it usually works. Verify before anything else: the genuine firm is Fortrade Ltd, FRN 609970, at fortrade.com. If you signed up through any other domain or were phoned out of the blue by “Fortrade”, check the FCA register — the register lists the firm’s genuine website, and a mismatch means you met a clone. Complaints about the real firm route to Fortrade’s process and then the FOS.
If it was an impersonator: you were never a customer of Fortrade at all. A clone site, a fake “account manager”, a lookalike domain — the money went to criminals, not to the platform. That is fraud, and speed decides what can be recovered.
The three questions: did you type the official domain yourself, or follow a link, advert or message? Did anyone contact you first? Were you asked to pay a personal account or a different domain? If any answer is wrong, treat it as impersonation — and start here.
No — Fortrade is a real business: FCA authorised for real: Fortrade Ltd, FRN 609970, verifiable on the FCA register, with FSCS coverage up to £120,000 for UK clients; group coverage also includes CySEC (385/20), ASIC, CIRO (Canada) and DFSA (Dubai). The scam stories you see online usually trace to fakes borrowing its name — and the ones that don't are part of our active investigation. But read the note above first — the business is real, and so are the caveats.
Yes — Fortrade Ltd is FCA authorised, FRN 609970, with FSCS cover up to £120,000 for UK clients. The group also holds CySEC, ASIC, CIRO and DFSA licences through separate entities. Verify the entity on your statement against the register, because clone sites impersonating Fortrade are documented.
Almost certainly not. Impersonators borrow the name, the logo, even the licence number. The real company knows nothing about it. Keep every message, receipt, URL and wallet address — that evidence is what an investigation builds on.
The domain you actually used, the date, and whether it was a card, a bank transfer, or crypto. Or the name of the person who told you to pay. Or one screenshot. Where the same payment shows up from other people, those files can sit together as a class action. The first look is free.
Type the official domain yourself — fortrade.com — never follow a link from an advert, email or message. Then check the regulator's public register, which lists the firm's genuine website. If your domain differs by even one character, it was a fake.
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