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Fortnetstationservices Capital Group

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Operating status: SCAM

Website: https://www.fortnetstationservices.com/

Broker violations and abnormal records
  • 2023-06-29 The UK FCA issued a warning against Fortnetstationservices Capital Group

    On June 30, 2023, the Financial Conduct Authority (FCA) issued a warning against Fortnetstationservices Capital Group, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fortnetstationservices-capital-group

    On June 30, 2023, the Financial Conduct Authority (FCA) issued a warning against Fortnetstationservices Capital Group, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fortnetstationservices-capital-group
  • 2023-07-03 BrokersView has reviewed that Fortnetstationservices Capital Group is an unregulated broker

    Fortnetstationservices Capital Group fails to disclose its regulatory information and licensing data, which can be seen as a scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag.

    In an attempt to appear real, Capitalswise provides an address in the US, where brokers must be authorized by the National Futures Association (NFA) if they offer, promote or sell financial products or services for forex and derivatives. However, data from the NFA suggest that it is not an NFA member and thus not subject to the authority's oversight.

    Additionally, the Financial Conduct Authority (FCA) has issued a warning against Fortnetstationservices Capital Group for operating without their authorization.

    In essence, Fortnetstationservices Capital Group is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Fortnetstationservices Capital Group fails to disclose its regulatory information and licensing data, which can be seen as a scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag.In an attempt to appear real, Capitalswise provides an address in the US, where brokers must be authorized by the National Futures Association (NFA) if they offer, promote or sell financial products or services for forex and derivatives. However, data from the NFA suggest that it is not an NFA member and thus not subject to the authority's oversight.Additionally, the Financial Conduct Authority (FCA) has issued a warning against Fortnetstationservices Capital Group for operating without their authorization.In essence, Fortnetstationservices Capital Group is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

It is a newcomer-friendly broker?

Enzo
New Zealand
2023-07-20
ANSWER Fortnetstationservices Capital Group, instead of being a newcomer-friendly broker, is a scam posing significant risks to both funds and personal information. We strongly suggest you drop the plan to engage with the fraudulent trading platform.Firstly, a clear scam indicator is the failure of Fortnetstationservices Capital Group to disclose its regulatory information and licensing data, as legitimate counterparts always prominently display their accreditation and licenses for transparency and credibility.Secondly, Capitalswise claims to have an address in the US to appear legitimate. If it is truly located in this country, the company is required to be a member of National Futures Association (NFA) due to its business scope. However, data from NFA indicate that Capitalswise is not an NFA member and thus not subject to the authority's oversight.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against Fortnetstationservices Capital Group for operating without their authorization, further confirming the broker's illegitimacy.In conclusion, dealing with unlicensed brokers like Fortnetstationservices Capital Group can lead to financial losses and identity theft, as there is no regulatory oversight to protect investors. To safeguard investments, it is essential to exercise extreme caution and only choose fully regulated platforms that comply with established financial authorities' regulations.
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