Is this company claiming to be a broker a Scam?
Is this company claiming to be a broker a Scam?
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fanbondi · External communityPost link
External question — Personal Finance Stack Exchange
Author: fanbondi
Original post: https://money.stackexchange.com/questions/127276
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I am very new to trading, so please take it easy with me. Recently I was searching online and doing independent research and met a new friend who recommended
https://fortistrad.com/en/
for me. I installed their recommended trading platform i.e. MT4 and I was given a $100K virtual fund to trade in order to understand how the app works. I liked it so far.
However, I am still sceptical about the authenticity of this broker. For me to start real trading, they request I do a bank transfer to a given account in HongKong and the funds will be deposited into my MT4 account. However, whenever I browse their website, I do find it difficult to trust them. There are no public reviews about them online making it difficult for any independent verification.
Can someone please advise me on this?
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ChrisInEdmonton · External communityPost link
External answer — Personal Finance Stack Exchange
Author: ChrisInEdmonton
Original post: https://money.stackexchange.com/a/127278
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
This is all but certainly a scam. The site was registered just a few weeks ago, on 2020-05-19. It's using a name confusingly similar to the legitimate company, Fortis Trading. Their website contains numerous red flags, such as the bizarre formatting on their
"common problem"
[sic] page. At least some of their content appears to be taken from newdc-fx.com, a similar site now shut down. For example, compare
this
with
this
; identical content, same telephone number, etc.
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JohnDoe123 · External communityPost link
External answer — Personal Finance Stack Exchange
Author: JohnDoe123
Original post: https://money.stackexchange.com/a/127349
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
This company is clearly a scam. I recently got talking to a Chinese girl on Tinder who tried to persuade me to trade bitcoin with them. She claimed to have studied in my home town and to be in Hong Kong due to Covid19. But after days of chatting it became clear that she could not answer any questions about her stay here. She got very coy when I tried to move the conversation to any other topic. I believe there is a team out there targeting social media and dating sites trying to take advantage of people by using this story. Beware.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: fanbondi Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/127276 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I am very new to trading, so please take it easy with me. Recently I was searching online and doing independent research and met a new friend who recommended https://fortistrad.com/en/ for me. I installed their recommended trading platform i.e. MT4 and I was given a $100K virtual fund to trade in order to understand how the app works. I liked it so far. However, I am still sceptical about the authenticity of this broker. For me to start real trading, they request I do a bank transfer to a given account in HongKong and the funds will be deposited into my MT4 account. However, whenever I browse their website, I do find it difficult to trust them. There are no public reviews about them online making it difficult for any independent verification. Can someone please advise me on this?
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