Financial Commission Issues Warning Against Fortexo

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, announced recently the addition of the Forex CFD provider Fortexo to its Warning List.

Based on the information offered its website, Fortexo is operated by FLAB GROUP LTD, and is the one of the top choices for automated traders. The broker is the issuer of over-the-counter derivatives such as CFDs over various underlying instruments or other assets including cryptocurrencies.

Whereas, the Financial Commission noted that it has been notified by concerned traders regarding Fortexo and its associated website. Upon reviewing the submitted information from potential customers of this broker, it has determined that the indicated company and associated website were suspicious of being used to defraud traders and investors.

In light of this, the Commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.