FortressFX Scam: Forex and Gold CFD Price Slippage

FortressFX presents itself as a "licensed forex and CFD broker" and offers gold, oil, crypto and currency trading on MetaTrader 5. The problem that reaches the user is that orders on gold positions are executed at prices with no counterpart in the market, and that this difference is never explained.

🚩 How Is Price Slippage on Gold Trades Used?

In the reported case, two sell stop orders on the XAUUSD pair were filled well below the set level. In the same minute no similar gap appeared in the news flow or at independent chart providers. Support requests were closed without explanation, and no trade record or liquidity provider report was given.

🔍 What Has Been Established About FortressFX

• Domain: fortressfx.com, registered on 8 June 2023 and live on Vercel infrastructure.
• Stated company name: FortressFX Ltd; an "International Business Company" with registration number 16045 in Anjouan and a claimed licence L16045/FFL. A company registration does not amount to permission to provide investment services.
• Declared address: Office No 107, Global Link Business Center, 37 Platon Ioseliani Street, Tbilisi (Georgia).
• Target audience: Deposits in Indian rupees via UPI, IMPS and Net Banking are emphasised; a "withdrawal in 2 minutes" promise is on the home page.

For an investor in Türkiye the only decisive record is SPK authorisation; FortressFX does not appear on the SPK list of authorised intermediary institutions. SPK Decision No. 8/297 of 24.02.2017 declared that leveraged accounts opened with overseas firms fall outside the Board's regulations and investor compensation protection.

🔗 Other Platforms with the Same Structure

We have come across schemes before that present an Anjouan registration as a licence and fill trades inside the platform. Articles where a similar scheme was seen:

🧭 How Does the Legal Process Proceed?

1. Determining the route a victim follows on the basis of the account history and order records.
2. Assessing whether the foreign-law and arbitration clause in the contract is valid in Türkiye.
3. Identifying the payment channels and carrying out the criminal complaint process.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions