Warning: Is Fokitrade a Scam?

Investigation: Fokitrade (fokitrade.com)

We analyzed Fokitrade (fokitrade.com) and uncovered disturbing issues.

Fokitrade presents itself as a investment provider, but it appears currently unlicensed by any major authority.

Have You Lost Funds to Fokitrade?

If you believe you have been tricked by Fokitrade, act now. Submit the inquiry below to talk to our investigative team for a complimentary case evaluation.

Is Fokitrade Safe?

Our check shows that Fokitrade does not hold a valid license.

Investing with unlicensed entities is extremely risky. Trusted firms are always authorized with agencies like the SEC, ASIC, or FCA to ensure consumer safety.

Fokitrade operates without this supervision. This means there is no legal recourse if they withhold your funds. Many online scams use unregulated entities, and getting back money from them is hard without professional help.

For instance, in the UK, unauthorized firms are not covered by the Financial Ombudsman. In America, they are not part of regulatory bodies, meaning your capital is completely exposed.

How They Steal Money

Online trading fraud is getting smarter. Fraudsters use social engineering to take wealth. Here are typical tactics used by sites similar to Fokitrade (fokitrade.com).

Pig Butchering & Romance Scams

The "Romance Scam" is a cruel tactic where scammers groom victims over weeks. They fake a romance on social media. Once trust is built, they introduce a special investment. It's a trap to lure you onto a fake platform like Fokitrade.

Rigged Platforms

Scammers build websites that mimic legit trading apps. They have charts and balances that go up. But it is a game. The scammer manipulates the prices to make you feel rich so you invest more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Cold Calling: They call you from "brokers" you don't know.
• Unregulated: The firm lacks authorization.
• High Returns: They promise 1% daily returns or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" pressure you to invest bigger amounts.

Do not trust fake reviews. Scammers frequently write their own 5-star comments to look legitimate.

Final Thoughts

Fokitrade is unsafe. It appears to be a scam. Protect your money and use a regulated broker. Avoid fokitrade.com at all costs.