Fortrand Capital – Broker Review

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Fortrand Capital

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The United Kingdom’s Financial Conduct Authority has issued a warning against Fortrand Capital in October 2023

If you are looking for a reliable and trustworthy online broker, you may have come across Fortrand Capital. This broker claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But is Fortrand Capital a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of Fortrand Capital and help you decide if it is worth your time and money.

What is Fortrand Capital?

Fortrand Capital is an online broker that was founded in 2018 and is based in St. Vincent and the Grenadines. The broker is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, which is not a very reputable or strict regulator. The broker claims to have over 250,000 clients from more than 100 countries and offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250.

What are the features of Fortrand Capital?

  • A user-friendly and intuitive web-based trading platform that does not require any download or installation.
  • A variety of trading instruments, including over 50 currency pairs, over 100 stocks, over 20 commodities, over 30 indices, and over 10 cryptocurrencies.
  • Competitive spreads and commissions, starting from 0.1 pips for forex and 0.01% for stocks.
  • High leverage ratios, up to 1:400 for forex and 1:100 for stocks.
  • Multiple payment methods, including credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, and Bitcoin.
  • Fast and secure withdrawals, processed within 24 hours.
  • A dedicated customer support team, available 24/5 via phone, email, live chat, and WhatsApp.
  • A comprehensive education center, featuring ebooks, videos, webinars, articles, and tutorials.
  • A free demo account with $10,000 virtual funds to practice trading without risking real money.

What are the advantages of Fortrand Capital?

  • A wide range of trading instruments to diversify your portfolio and access different markets.
  • A simple and easy-to-use trading platform that suits both beginners and experienced traders.
  • Low spreads and commissions that reduce your trading costs and increase your profits.
  • High leverage ratios that allow you to trade with a small amount of capital and amplify your returns.
  • Multiple payment methods that offer convenience and flexibility for deposits and withdrawals.
  • A responsive and helpful customer support team that can assist you with any issues or queries.
  • A rich and informative education center that can enhance your trading skills and knowledge.

What are the disadvantages of Fortrand Capital?

  • A weak regulation by the FSA of St. Vincent and the Grenadines, which does not offer much protection or security to clients’ funds or personal data.
  • A lack of transparency about the company’s background, ownership, and reputation.
  • A high minimum deposit requirement of $250, which may be too much for some traders who want to start small.
  • A limited choice of trading platforms, as the broker does not offer the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms.
  • A restricted access to some markets and instruments depending on the account type.

Is Fortrand Capital a scam or a legit broker?

Based on our research and analysis, we conclude that Fortrand Capital is a scam broker. There are some positive aspects about the broker, such as its diverse trading instruments, low spreads and commissions, high leverage ratios, multiple payment methods, customer support team, and education center. However, there are also some negative aspects that raise some red flags, such as its weak regulation by the FSA of St. Vincent and the Grenadines, its lack of transparency about its company details, its high minimum deposit requirement, its limited choice of trading platforms, and its restricted access to some markets and instruments.

Therefore, we advise you to be cautious and careful when dealing with Fortrand Capital. You should do your own due diligence before opening an account with this broker. You should also check other online reviews and feedback from other clients who have traded with this broker. You should also compare this broker with other reputable and regulated brokers in the market. You should only trade with a broker that you trust and feel comfortable with.

What to Do If You’ve Lost Money with Fortrand Capital?

If you have been scammed by Fortrand Capital or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.