Fortumax Prudent FX is a foreign exchange broker that was registered in Saint Lucia on August 28, 2023, mainly offering investors trading services in contracts for difference (CFDs) in forex, commodities, indices, cryptocurrencies, etc., with its headquarters located in Dubai. This broker does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, etc.
Corporate Registration Information and Regulatory Status:
Information on the official website of Fortumax Prudent FX indicates that its registered entity in Saint Lucia is Fortumax Prudent FX Ltd, with the specific registration address at GROUND FLOOR, THE SOTHEBY BUILDING, RODNEY BAY, GROS-ISLET, SAINT LUCIA P.O. BOX 838, CASTRIES, SAINT LUCIA, with the company registration number being 2023-00417. The actual operating address of this broker is at Churchill Towers (Executive), Business Bay, Dubai, UAE.
Upon verification, Saint Lucia's International Business Companies and International Trusts Registry (ifc) can confirm the enterprise entity named Fortumax Prudent FX Ltd, with the registration number 2023-00417. However, this entity is not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor in official financial regulatory authorities of other jurisdictions.
According to information obtained from Whois, the domain name of this broker's official website was registered on September 8, 2023. Moreover, as of February 17, 2024, this broker has been established for less than a year.
Opening an Account:
To open an account with Fortumax Prudent FX: visit the broker's official website, click "Open Live Account" on the homepage or "Sign Up" at the top right corner of the webpage to enter the registration page. Follow the instructions to fill in personal information such as name, phone number, nationality, email, and then submit. After submission, the broker will send a verification email to the provided email address. Once verified, the account registration is successful.
Account Types:
Fortumax Prudent FX offers five different types of real trading accounts to its users: Micro Account, Mini Account, Pro Account, Ultra Pro Account, ECN Account.
Micro Account:
- Spread: 1.0 pips
- Swap: None
- Trading Commission: None
- Maximum Trading Leverage: 1:500
- Margin Call: 00%
- Minimum Trading Volume: 0.01 lots
- Minimum Deposit Amount: $10
Mini Account:
- Spread: 1.5 pips
- Swap: None
- Trading Commission: None
- Maximum Trading Leverage: 1:500
- Margin Call: 00%
- Minimum Trading Volume: 0.01 lots
- Minimum Deposit Amount: $100
Pro Account:
- Spread: 2.0 pips
- Swap: None
- Trading Commission: None
- Maximum Trading Leverage: 1:500
- Margin Call: 00%
- Minimum Trading Volume: 0.01 lots
- Minimum Deposit Amount: $500
Ultra Pro Account:
- Spread: 2.5 pips
- Swap: None
- Trading Commission: None
- Maximum Trading Leverage: 1:500
- Margin Call: 00%
- Minimum Trading Volume: 0.01 lots
- Minimum Deposit Amount: $1000
ECN Account:
- Spread: 0 pips
- Swap: None
- Trading Commission: Yes
- Maximum Trading Leverage: 1:500
- Margin Call: 00%
- Minimum Trading Volume: 0.01 lots
- Minimum Deposit Amount: $3000
Trading Platform:
Fortumax Prudent FX offers the MT5 trading platform to its users.
Deposits and Withdrawals:
Fortumax Prudent FX has not explicitly disclosed the supported methods, fees, and minimum amounts for deposits and withdrawals on its official website.
Summary:
Traderknows reminds investors that Fortumax Prudent FX is a forex broker without effective regulation. Traderknows advises investors to preferably choose brokers with strong regulation and a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Scam' on Traderknows.
