Reported as a scam / unregulated
Why Fortradefx is on the register
Fortradefx claims to be regulated by Financial Services Authority (FSA) registry of Saint Vincent on its website. However, the SVG FSA has clearly stated that it does not regulate or licence forex brokers. It only provides registration for IBC companies. To explain its registration as indicating regulation and licensing is clearly misleading. Moreover, we found no results related to Fortradefx in the SVG FSA’s registry, which further raises our concerns about its legitimacy. Fortradefx is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. Therefore, Fortradefx appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. We never ask for up-front recovery fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.