Score
Fortuno Markets
Cyprus|1-2 years| https://www.fortunomarkets.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：FORTUNO MARKETS (UK) LTD
License No.：15884483
Single Core
1G
40G
1M*ADSL
- This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15884483)Common Business Registration Non-Forex License. Please be aware of the risk!
Basic information
Cyprus
1-2 years Regulated in United Kingdom Common Business Registration Suspicious Scope of Business Suspicious Overrun Medium potential riskAccount Information
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Website
fortunomarkets.com
Server Location
United States
Website Domain Name
fortunomarkets.com
Server IP
172.67.192.102
Company Summary
| Fortuno Markets Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Cyprus |
| Regulation | FCA (Exceeded) |
| Market Instruments | Forex, metals, indices, stocks, commodities, bonds, ETFs, cryptos |
| Demo Account | / |
| Leverage | Up to 1:2000 |
| Spread | From 0.5 pips |
| Trading Platform | Fortuno web and APP, TradingView |
| Copy Trading | ✅ |
| Min Deposit | $10 |
| Customer Support | Email: Telegram@fortunosupport; support@fortunomarkets.com |
| Social media: Facebook, Instagram, Twitter, YouTube, Linkedin, Telegram | |
| Regional Restrictions | The USA, Canada, Sudan, Syria, Iran, North Korea |
Fortuno Markets was registered in 2023 in Cyprus, offering a variety of products, such as forex, metals, stocks, and commodities. It provides 2 types of accounts, and the minimum deposit is $10, the maximum leverage being 1:2000. Fortuno Markets was regulated by FCA in the UK, but its license was exceeded.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Exceeded FCA license |
| Commission-free accounts offered | Regional restrictions |
| Copy trading provided | No MT4 or MT5 |
| Low minimum deposit | Not accept popular payment options |
| No deposit and withdrawal fees | Only email support |
Is Fortuno Markets Legit?
Fortuno Markets was once regulated by the Financial Conduct Authority (FCA) in the UK, but it is currently exceeded. Moreover, the current status shows that activities such as client transferring and updating are prohibited, which means potential risks may exist.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Financial Conduct Authority (FCA) | Exceeded | UK | Commom Business Registration | 15884483 |
What Can I Trade on Fortuno Markets?
Fortuno Markets provides a number of products, including forex, metals, indices, stocks, commodities, bonds, ETFs, and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ✔ |
| ETFs | ✔ |
| Options | ❌ |
Account Type
Fortuno Markets offers 2 types of accounts, including Premium and Standard. It does not mention whether a demo account or Islamic account is available or not.
| Account Type | Accepted Currencies | Min Deposit |
| Premium | USD, EUR, NGN, JPY | $10 |
| Standard |
Leverage
For both types of accounts, the leverage can be up to 1:2000 for both account types, which is rather high. Customers need to consider carefully before investing, because high leverage is likely to bring high risks.
Fees
| Account Type | Spread | Commission |
| Premium | From 0.5 pips | ❌ |
| Standard | From 1 pip | ✔ |
Trading Platform
Fortuno uses its own trading platforms, called “Fortuno”. Besides, it also uses TradingView.
| Trading Platform | Supported | Available Devices | Suitable for |
| Fortuno | ✔ | Web, mobile | / |
| TradingView | ✔ | PC, web, mobile | / |
| MT5 | ❌ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Copy Trading
Fortuno Markets provides copy trading services. Customers can follow top and excellent traders, and they can learn from their trading experiences.
Deposit and Withdrawal
Fortuno Markets supports several types of payment options, and it does not charge any fees for deposit and withdrawal.
| Payment Options | Min Deposit/Withdrawal | Fees | Deposit Time | Withdrawal Time |
| IDR Payment 1 | $20 | ❌ | Instant | Within 24 hrs |
| IDR Payment 2 | $10 | |||
| MYR Payment 1 | $10 | |||
| MYR Payment2 | $25 | |||
| USDT (TRC-20) | $5 |
Keywords
- 1-2 years
- Regulated in United Kingdom
- Common Business Registration
- Suspicious Scope of Business
- Suspicious Overrun
- Medium potential risk
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FX2023596758
Indonesia
The deposit using QRIS was successful but it didn't add up to the deposit balance of 100 USD... now it has failed, the status is serious, it has been emailed, but there is no response, be careful with Fortuno Market, don't let fraud happen like mine... the rating should be bad.
Exposure
05-25
umam7752
Indonesia
The last time I traded at the Fortuno broker was April 5 2024 and every time I trade I always use the SL and TP menu. but after April 15 2024 I will withdraw the funds. My balance is ZERO with the statement that I lost 81 USD. Even though on that day I didn't do anything on my account from April 5th. I feel at a loss.
Exposure
05-07
abu3746
Indonesia
I have deposited via QR code, and my balance is already 0 in my account but it has not been added to the broker's balance, what a fraudulent broker.
Exposure
04-17
kahfi173
Indonesia
The funds haven't arrived for 1 hour even though the balance in the account is already 0.
Exposure
02-25
tijani5052
Indonesia
Why can't I withdraw my funds
Exposure
2023-12-18
Yunhok
Nigeria
Fortuno Markets seems to offer competitive spreads and a decent range of account types. It's not the cheapest option out there, but it's definitely worth considering for traders looking for a reliable platform with some flexibility.
Neutral
07-17
FX1494149797
Cyprus
Fortuno Markets‘ platform is super user-friendly and the customer service is always there when you need them. Love the variety of trading options available—it's everything I need in one place. Highly recommend!
Positive
06-18
Mr Cuan
Indonesia
This is a cool broker. Yesterday there was a slippage incident due to strong news, I chatted with CS and my money was immediately returned. Thanks.
Positive
2023-12-12
Yanto2429
Ireland
Trusted broker 👍👍
Positive
2023-12-09