Registration
Advertiser Disclosure

Is Fortress Fund Safe or Scam?

Oleg Tkachenko
Written by:
Oleg Tkachenko
Chinmay Soni
Reviewed by:
Chinmay Soni
Mirjan Hipolito
Fact-checked by:
Mirjan Hipolito
Updated:
July 05, 2026

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

What is known about Fortress Fund at the moment?

Fortress Fund has been flagged as a scam by multiple sources. The company has been placed on a warning list by FINMA, the Swiss financial regulator. FINMA highlighted issues such as licensing problems, misleading information, lack of transparency, and numerous customer complaints. This is a significant red flag, as FINMA is known for its stringent regulatory standards and does not issue warnings lightly. Many customers have reported severe issues with Fortress Fund, including being unable to withdraw their funds, having their accounts intentionally mismanaged, and experiencing sudden, unexplained losses. Complaints have been consistent in describing how the company deliberately blew accounts by making risky trades that appeared to be designed to wipe out balances. There are detailed accounts from former investors who emphasize that the company's operations appear to be a Ponzi scheme or an outright scam.

Company name Fortress Fund
Foundation date 1998
Registration address Primary Headquarters: 1345 Avenue of the Americas, New York, NY 10105, USA Fortress Fund (South Africa): Imperium Tower, Jl. Prof Dr Satrio, Kuningan 12920, Jakarta, Indonesia (as per their logistics and retail sectors focus)
Operating geography Worldwide
Specialization Investment services
Regulation ❌ No
Official site fortressfund.co.za
Contacts
1 (212) 798-6100
Disclaimer

Information is based on publicly available regulatory sources and published in accordance with our Financial Warnings & Scam Database methodology.

TU Expert Advice: “I do not recommend Fortress Fund”

Anton Kharitonov
Anton KharitonovChief Analytics Officer

I have been working in the financial services market for a long period of time and consider myself an expert in safe investing. I can note that Fortress Fund demonstrates the following characteristics:

  • Fortress Fund is not regulated by a Level 1 regulator.
  • Fortress Fund is not regulated by a Level 2 regulator.
  • Fortress Fund is not regulated by a Level 3 regulator.
  • The company is either registered offshore or its registration number cannot be confirmed through official online databases.
  • The information about the Fortress Fund’s management is either absent or unreliable.

I recommend completely disregarding any mentions of such companies and refraining from doing business with them and its affiliate bodies. If you are already a client of such a company, immediately explore all options for getting your money back, up to filing a complaint with the financial oversight authorities and courts.

I recommend choosing only reliable and verified partners for trading on financial markets. You can use our 'Find my broker' tool for this purpose.

Which sources were utilized to evaluate the security of Fortress Fund?

The following information was used for the analysis and assessment of Fortress Fund reliability:

  • Registration details and information on licenses of brokers, financial companies, and their subsidiaries are published on their official websites.
  • Information from regulators' registries, including warnings, comments, and publications by regulators.
  • Data from analytical portals, including reviews, complaints, and claims filed by traders.

The latest database update: July 05, 2026.

Why do we have the expertise to assess the reliability of Fortress Fund?

Over the years of working with the analysis of financial companies, Traders Union has accumulated a significant knowledge database. Our analysts know how to distinguish scams from reliable companies. Every month, we publish important insights on this topic.

Claims Consideration Statistics of the Financial Commission (July, 2026)
Over 55 brokerage companies are members of the Financial Commission.
On average, more than 3,000 claims per year are filed with the Commission, which is not much compared to the number of traders worldwide.
The total damage amount in claims against brokers is over $24 million per year. The average claim amount is $7,400.
Compensation amounts awarded to traders total $1 million per year. This is the average data over the past five years.
The average claim consideration period is 6-8 days.
The ratio of claims against members of the Commission to claims against other brokers is 3 to 4 on average. That is, only 75% of all claims are filed against members of the Commission.
Over the past five years, about 85% of the considered claims were resolved in favor of one of the parties. About 15% of the reviewed claims remain unresolved.
About 35%-40% of claims are considered in favor of traders. About 60%-65% of claims are considered in favor of brokers.

Conclusion The Financial Commission is an independent organization that most often sides with brokers, unlike regulators who support traders. However, regulators typically consider only collective claims, while the Financial Commission also handles individual claims. Despite this, the number of claims considered by the Commission is relatively small. Whether a broker's membership in the Financial Commission is an additional benefit for traders remains uncertain.

Find the best broker for your trading style

We match you with the right broker using data-driven analysis of fees, conditions, and regulation.

  • Select your country of residence
  • Choose your trading type
  • Answer a few questions
  • Get a personalized broker shortlist
Find my best broker
  • Takes under 30 seconds
  • No registration required
  • 3,800+ brokers reviewed
  • 250+ verified data points

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

Fortune FX Academy Fouani Equity Fund Freedom Club Frfinaguidecom Fundiza Fusion Trade FuturBTC FX-Cryptex FX Live

Be careful and cooperate with the trusted brokerage companies only.

Should you identify any inaccuracies on this page or possess additional information about this broker, we kindly request you to inform us.

Editors' Top Picks and Insights

All news

Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko
Editor at Cryptocurrency & Blockchain Department

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018.

Learn about our editorial policies
Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.

Table of Contents
Who We Are
Business Solutions
For Users
TU News
Popular Sections
Disclosures
CONTACT US
Legal
We are in Social Media
© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186
  • Risk disclosure:

    Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

    That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.

  • Disclaimer:

    Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

    Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.

  • Disclosure of advertisers and revenues:

    All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

    Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.

onepercentfortheplanet.org World Association of News Publishers https://gdpr.eu/ GDPR