Score
Within 1 year Suspicious Regulatory License
MT4/5 White Label
Chinese market only
High potential risk
Influence
E
Score
License Index0.00
Business Index3.87
Risk Management Index0.00
Software Index4.00
Regulatory Index0.00
Influence
E
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
FRTC.NET LIMITED
Company Abbreviation
FRTC.NET LIMITED
Platform registered country and region
China
Company website
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
Betrayal is the theme of FRTC. They con you into giving them your money and then claim you must pay taxes on it in order for them to return your investment money.
The spread widens resulting in the trigger of the stop loss and when i asked to take out some of my money they threatened to liquidate the account if i don't pay a tax fee first, this is a very strange experience for me I looked at legal action from financial recovery authority Fintrack/ org just to get my investment back from FRTC Do not lose your money, you are advised to stay away from companies like FRTC.
Companies like this will take your money and never give it back unless you seek professional assistance, which was orchestrated by Assetsclaimback/com and was the only way I could get my investment of $76,900 out of FRTC. I just wanted to withdraw my money but I was taken through a series of back and forth with no actual solution in sight. My advice is to avoid FRTC because the broker's falsehoods and deceit severely infuriated me all to scam innocent investors.
After injecting so many deposits and funding my MT5 account, trades were done and profits were made. It got to the withdrawal stage where i wanted to take out some of my funds, that was when i got to know i have been dealing with a scam company. i was asked to pay some tax fees and risk fees which sounded sketchy and inappropriate for a company that is suppose to be regulated on areas like that. Furthering my research , i stumbled on so many complaints on denied withdrawals by investors and also ran into fintrack/org who got on my case for a withdrawal chargeback which only took 3-4 working days. FRTC should do right and stop scamming more unsuspecting victims.
I started investing in this company in mid-May. My first application for withdrawal in mid-July was rejected. The platform required a certain amount of risk fund before processing the withdrawal.
I've lost count of the number of times I've gone through the same procedure of trying to get my withdrawal approved by sending emails and forms to the customer service representative on the line and being assured that it was being processed - only to call again and discover they had no record of ever speaking to me. It appears that they intentionally built up this mechanism to make it impossible to withdraw your investment.
Do not use this broker as a means to trade or invest because they have only dedicated their time to successfully convince investors like me into depositing large sums to their fraudulent trading scheme they also refused to close my existing positions so I went online and did it myself while also filing a case of stolen investment under the financial authority fintrack/ org I have asked them to return the outstanding balance of $72,000 but also got the profits returned as well Good thing I took a screenshot of some of my conversations with the broker.
On April 15th this year, the liar Pan Xinglong added me as a friend by phone number and then asked me to chat with Line. Finally, the liar Pan XingLong (Pan Xinglong) tricked me into trading gold futures on this fraud platform and invested more than 200,000 AUD, and then made some US dollars. The account ended up with more than 227,000 US dollars. When I wanted to withdraw the money, the platform asked me to pay more than 68,000 US dollars on the grounds that my account violated the operation. After I paid part of the risk deposit, I still owed more than 40,000 yuan. Then Pan Xinglong took me to trade, and the platform turned the money in my account into a negative number. Finally, I asked to close the account and return my insurance money. The platform customer service pushed three No solution to push four, and no response to emails to them. This black platform has a total of 4 gangs. Guo Juan, Wang Jin Chen , Pan Xing long , Shi Meng long. Registered address: Unit G1, capital House 61 Amherst Road, London E81LL United Kingdom.
