Legal Information: Is Fortune Capital TradeFX Regulated?
The website of Fortune Capital TradeFX falsely claims to be based in New Zealand under registration number #1168820. However, this registration ID actually belongs to a different company, Propio Holdings Limited. In reality, Fortunate Capital LTD was incorporated in the UK until its dissolution on March 14 of this year.
As mentioned earlier, a warning about Fortune Capital Trade FX was issued by the Spanish financial market authority, CNMV, on July 10, 2023. The warning explicitly stated that “Fortune Capital LTD is not authorized to provide investment services,” confirming that the company operates illicitly.
Instead of placing trust in unlicensed impostors, it is advisable to choose regulated providers that operate under the supervision of respected financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), and others.
Who Does Fortune Capital Trade FX Target?
According to godaddy.com/whois, the fortunecapitaltradefx.com website domain was created on August 20, 2022. Since then, this fraudulent entity has primarily targeted unsuspecting traders residing in the following countries:
- United States
- United Kingdom
- Dominican Republic
- Armenia
It’s worth noting that the US and UK, in particular, have stringent financial market regulations, especially in the realm of digital assets. These regulations require every financial market participant to possess the necessary licenses or permits.
By now, it is evident that Fortune Capital Trade FX operates as an almost entirely anonymous website with no authorization to conduct business anywhere. Even the legitimacy of the company’s website has been called into question by webparanoid.com.
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