Broker violations and abnormal records
Fortuno Markets claims to be registered in Saint Lucia. While we did confirm its registration with the Saint Lucia International Financial Centre (IFC), this registration merely confirms its status as an International Business Company (IBC). It does not confer a license for foreign exchange trading activities. It is important to note that the Saint Lucia IFC does not regulate forex trading.
Additionally, Fortuno Markets states it operates under Fortuno Markets (UK) Ltd and is registered in the United Kingdom. However, our inquiry with the Financial Conduct Authority (FCA) confirms that the platform is not authorized by the FCA to conduct foreign exchange trading activities.
Therefore, Fortuno Markets involves high risks to be a fraud.
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