FortressCapital Review: An illegal Fund Manager (fortress-capitalfxpro.com)

 
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FortressCapital is a website that claims to connect traders with investors. They’re doing business on a website whose domain is fortress-capitalfxpro.com.

FortressCapital is a broker as well since their website claims that traders can access a wide range of financial instruments for trading on their platform.

According to the marketing material seen by our team, Fortress Capital is supposedly investing in the skills of talented traders.

Talented traders sell their strategies on the platform while this broker is supposed to match them with investors who are looking for trading strategies.

During our research, we noticed a number of red flags which are quite discouraging. We don’t encourage traders and investors to use this broker at all.

If you have transferred funds to this broker, please read this information to learn what you should do next.

Reasons why FortressCapital is potentially a scam

1)This firm operates like a broker and at the same time a hedge fund

2)They are unregulated but lying that they have a license from the FCA

3)They provide a New York address which is unverifiable

4)This is a very new company with no track record

5)Use of lies in the marketing material to gain investors’ trust

FortressCapital is basically operated by shameless people who don’t care. The broker is claiming to be based out of New York which essentially means they ought to be regulated by the SEC or FINRA in the US.

We’ve checked their website and didn’t find this discussion anywhere. There’s no valid license from either of these regulatory bodies.

FortressCapital also claims that they are authorized by the FCA in the United Kingdom.

The question is why are they “regulated in the UK” and not in the US where they claim to be headquartered at?

Consider checking them out here. The FCA has warned that this company is not authorized by them and is therefore an illegal outfit that traders and investors should not trust.

We find it quite strange because this firm is offering Contract for Difference on their platform yet trading of these instruments are banned in the US.

That aside, FortressCapital is not a popular investment website or hedge fund. They do not have a track record of success.

In fact, the numbers shown on their website are unverifiable and absolutely misleading.

These scammers just want to win your trust using lies. They think they can get away with their lies.

Background check on fortress-capitalfxpro.com

Our background check didn’t yield much because the owner of this website is hiding their identity.

The website was registered anonymously. However, they claim that their company is incorporated as Fortress Capital Formation LLC.

Interestingly, this company appears on the FINRA broker check page as a “registered” broker.

While this information may be conflicting considering that the FCA in the UK says the broker is unauthorized, it’s also important to realize that scammers can clone the names of legitimate firms.

This seems to be the case here.

The company Fortress Capital Formation LLC was registered several years ago. The company was existing as early as as 2010.

However, the website fortress-capitalfxpro.com appeared in 2023.

Furthermore, it is not sensible for an established fund manager to use a peculiar domain such as fortress-capitalfxpro.com.

The domain is unprofessional and probably resembles names of websites that are used by scammers to defraud investors.

Conclusion of FortressCapital review

We don’t trust this broker.

We don’t believe the statement that they are insuring traders and investors. In trading, there is nothing like compensation insurance.

The fake numbers on their sales page are misleading. They are unverifiable. Only their marketing department can defend this material but up to now they’ve refused to confront us.

The performance of the trading strategies which they parade on this website is also not verifiable.

This is far from being transparent. We need them to use services such as myfxbook to track performance.

The supposed hedge fund in question is also doubling up as a broker. We cannot have a broker and a hedge fund on the same platform due to conflict of interest.

There is no way the broker is going to be fair to its customers. They are in this business to make money and if you’re using their platform to make money, they end up losing money since this is a typical CFDs broker.

Thanks for reading this review and if you have an experience with this broker, please share it with us in the comment section.

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