Fortuno Markets 2025 Review: Everything You Need to Know
Summary: Fortuno Markets has garnered a predominantly negative reputation among traders, with numerous reports highlighting issues related to fund withdrawals and regulatory concerns. While some users praise the platform's user-friendly interface and competitive spreads, the overall sentiment leans towards caution due to the broker's unregulated status and lack of transparency.
Note: It is crucial to recognize that Fortuno Markets operates under multiple entities in different jurisdictions, which may affect user experiences and regulatory protections. This review aims to provide a balanced perspective based on various sources to ensure fairness and accuracy.
Rating Overview
We rate brokers based on user feedback, expert opinions, and factual data from reliable sources.
Broker Overview
Founded in 2023, Fortuno Markets is a relatively new player in the forex trading industry. The broker claims to offer a variety of trading instruments, including forex, metals, indices, and cryptocurrencies. However, it has come under scrutiny for its lack of regulation, particularly after its license with the UK's Financial Conduct Authority (FCA) was exceeded. The platform operates using its proprietary trading interface and TradingView, providing a user-friendly experience for traders of all levels.
Detailed Section
Regulatory Status
Fortuno Markets is currently unregulated, having lost its FCA license. According to multiple sources, including WikiFX, the broker falsely claims regulatory oversight and lacks physical offices in the locations it mentions, such as Saint Lucia and the UK. This lack of regulation poses significant risks for potential investors.
Deposit/Withdrawal Currencies and Cryptocurrencies
The broker supports various deposit and withdrawal methods, including traditional currencies and cryptocurrencies. However, specific details on supported cryptocurrencies are scarce, and user experiences suggest that withdrawal processes can be lengthy and fraught with issues.
Minimum Deposit
Fortuno Markets has a low minimum deposit requirement of $10, making it accessible for new traders. However, this low barrier to entry does not compensate for the significant risks associated with trading under an unregulated broker.
The broker offers a 30% deposit bonus, which may attract new clients. However, such promotions should be approached with caution, as they can often be a red flag for potential scams.
Tradable Asset Classes
Traders can access a range of asset classes, including forex, metals, stocks, and indices. However, the absence of established regulatory oversight raises concerns about the quality and reliability of these offerings.
Costs (Spreads, Fees, Commissions)
Fortuno Markets advertises competitive spreads, starting from 0.5 pips, and claims to offer commission-free accounts. However, the lack of transparency regarding additional fees has been a point of contention among users.
Leverage
The broker offers high leverage up to 1:2000, which can be attractive for experienced traders seeking to maximize their trading potential. However, such high leverage also increases the risk of significant losses, particularly for inexperienced traders.
Fortuno Markets utilizes its proprietary trading platform and TradingView, which are designed to cater to various trading styles. However, the absence of popular platforms like MT4 or MT5 may deter some traders.
Restricted Regions
The broker restricts users from certain countries, including the USA, Canada, and several others. This limitation further complicates its legitimacy as a global trading platform.
Available Customer Support Languages
Customer support appears to be limited, with reports indicating that users have difficulty reaching the support team. The lack of a robust support system is a significant drawback for traders seeking assistance.
Rating Breakdown
Account Conditions
With a low minimum deposit and high leverage, Fortuno Markets seems appealing at first glance. However, the lack of regulation and transparency significantly detracts from its overall score.
The platform offers a user-friendly interface and some educational resources, but these do not compensate for the risks involved in trading with an unregulated broker.
Customer Service and Support
User experiences indicate that customer service is lacking, with many reports detailing slow response times and unhelpful support.
Trading Setup (Experience)
While the platform is user-friendly, the overall trading experience is marred by withdrawal issues and regulatory concerns.
Trustworthiness
Fortuno Markets scores poorly in trustworthiness due to its unregulated status and numerous negative user experiences. Reports of disappearing funds and difficulty in withdrawing money further exacerbate these concerns.
User Experience
Despite some positive feedback regarding the platform's interface, the overwhelming negative reports regarding fund management significantly impact the user experience score.
In conclusion, while Fortuno Markets may present some attractive features, the overwhelming consensus among users and experts is to approach this broker with caution. The lack of regulation, transparency, and consistent negative feedback regarding withdrawals and support raise significant red flags for potential investors.
