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FortuneOX

Operating status: SCAM

Website: https://fortuneoxasia.net/

Broker violations and abnormal records
  • Jun 08, 2022 Brokersview has Reviewed that FortuneOX is an Unregulated Forex Broker

    FortuneOX is a thorough scam for the following reasons. First, FortuneOX claims its registration in the Marshall Island. However, we did not find any match results to FortuneOX in the Marshall Islands Registry (IRI). Besides, IRI does neither issue licenses for forex trading nor regulate any entities that offer forex activities.

    Second, FortuneOX claims it has recently moved its headquarters to Singapore. However, there are no match results to FortuneOX in the Monetary Authority of Singapore (MAS). That means this broker is not an approved broker to provide financial services in Singapore.

    Most importantly, FortuneOX states it has successfully acquired the license from the National Futures Association (NFA) and is fully regulated by the US ordinance. However, we did not find any match results for this broker in NFA. The regulation info this broker claimed on the website is a false statement for unsuspecting traders. FortuneOX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    FortuneOX is a thorough scam for the following reasons. First, FortuneOX claims its registration in the Marshall Island. However, we did not find any match results to FortuneOX in the Marshall Islands Registry (IRI). Besides, IRI does neither issue licenses for forex trading nor regulate any entities that offer forex activities.Second, FortuneOX claims it has recently moved its headquarters to Singapore. However, there are no match results to FortuneOX in the Monetary Authority of Singapore (MAS). That means this broker is not an approved broker to provide financial services in Singapore.Most importantly, FortuneOX states it has successfully acquired the license from the National Futures Association (NFA) and is fully regulated by the US ordinance. However, we did not find any match results for this broker in NFA. The regulation info this broker claimed on the website is a false statement for unsuspecting traders. FortuneOX is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Nov 17, 2022 BrokersView has found that FortuneOX is not working

    BrokersView found the domain "https://fortuneoxasia.net/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://fortuneoxasia.net/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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