FLATTRADE
We checked FLATTRADE against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
FLATTRADE claims to be an online brand of Fortune Capital Services P Ltd, a company that has authorization and memberships in several authorities, including: 1) The Securities and Exchange Board of India (SEBI); 2) The Multi Commodity Exchange of India Limited (MCX); 3) The National Stock Exchange of India Ltd (NSE). However, please be informed that none of the above authorities issues licenses for forex trading or regulates entities engaging in forex services. That means FLATTRADE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report FLATTRADE.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.