FORAITRADE Scam Warning: License Claims Don’t Match Official Records

FORAITRADE (foraitrade.com) presents itself as a multi-asset CFD broker for forex, stocks, indices, crypto, and more. On the surface, the website looks polished and promises “institutional-grade” execution. But a closer, evidence-based review of its domain records and—most importantly—its regulatory claims reveals a pattern that is consistent with a suspected clone / impersonation-style scam rather than a transparent, verifiable broker.

Quick facts (what can be verified fast)

• Domain age: WHOIS shows foraitrade.com was registered on December 11, 2025 and updated on December 22, 2025—a very new domain with limited history.
• Claimed office locations: The site lists addresses in Vancouver (Canada), DIFC Dubai (UAE), and Basel (Switzerland).
• High-volume marketing claims: The homepage claims extremely large scale (e.g., “3,600,000 trades per day”).

A new domain is not automatically fraud—but in broker cases, a “fresh domain + aggressive credibility claims” combination is a common early warning sign.

The biggest red flag: the regulation page reads like a license “copy-paste”

FORAITRADE’s own Regulation page claims oversight across multiple jurisdictions, including:

• CIRO / CIPF (Canada)
• CySEC with CIF license number 385/20 (Cyprus)
• Mauritius FSC with investment dealer number GB21026472
• DFSA (Dubai) with license F009856
• plus references to Seychelles (SD018) in the site’s footer/registration lines

That “regulated everywhere” story is exactly where the credibility breaks—because several of those identifiers match a different, established firm.

Evidence: CySEC license 385/20 belongs to Fortrade (not FORAITRADE)

CySEC’s official regulated-entity page shows license number 385/20 is tied to Fortrade Cyprus Ltd (including a fortrade.com email domain).

So when FORAITRADE’s regulation page points to “CIF 385/20,” it is referencing a license that CySEC publicly associates with Fortrade, not “FORAITRADE.”

Evidence: DFSA reference F009856 belongs to Fortrade (DIFC) Limited

Dubai’s DFSA public register lists DFSA Reference Number F009856 as Fortrade (DIFC) Limited, with the address N704 B, Floor 7, Emirates Financial Towers, DIFC, Dubai.

FORAITRADE’s site cites the same DFSA license number and a closely matching DIFC location.

Why this matters: Using another firm’s real license numbers (even if they are real licenses) is a classic hallmark of a clone broker / impersonation scheme—where the scam copies regulatory credibility from a legitimate company to convince victims to deposit.

Canada angle: CIRO claims should be verified—because scammers often fake them

CIRO explicitly tells investors to verify whether a firm is regulated using its official lookup tools/directory.

CIRO has also published investor alerts about fraudsters falsely claiming CIRO registration and misusing a legitimate firm’s details—a known playbook in this sector.

If a broker is truly CIRO-regulated, it should be discoverable through CIRO’s “Dealers We Regulate” directory and related official records.

“Account tiers” and withdrawal fee structure that can trap users

FORAITRADE advertises multiple account levels (Classic → Black) with larger deposits unlocking “wealth manager” style services. More importantly, the site discloses withdrawal fees for certain tiers as 2.5% “Firm Fee” + 2.5% “Wealth manager commissions”.

In many fraud cases, victims only discover the real problem when attempting to withdraw—after which “fees,” “taxes,” “verification costs,” or “commissions” are used to delay or block access to funds. A prominently stated multi-layer withdrawal fee model is not proof of wrongdoing by itself, but it is a material risk factor when paired with license-copying concerns.

Platform claims: MT4/MT5 references without clean verification

On the account overview page, FORAITRADE claims “MetaTrader 4 and 5 servers” hosted at Equinix NY4 and promotes MT4/MT5 as core infrastructure.

However, the site’s public-facing flow heavily pushes web onboarding and “Start Trading” funnels, and the key question remains: Are these MT4/MT5 services genuinely provided under a verifiable, authorized brokerage entity—or is this another credibility prop? When regulation claims appear borrowed, platform claims should be treated the same way: assume marketing until independently verified.

Contact details and footprint

FORAITRADE lists a phone number and a support email, and shows office locations in Canada/UAE/Switzerland.

A real broker can have multiple offices, but addresses alone are not proof of licensing—especially when the regulatory identifiers on the site align with an unrelated firm’s public records.

Bottom line: treat FORAITRADE as a suspected scam / clone broker

Based on publicly viewable evidence, FORAITRADE displays several high-risk characteristics:

• Newly registered domain (Dec 2025)
• Multiple “top-tier” regulatory claims presented together
• Regulatory identifiers that match Fortrade in official regulator databases (CySEC 385/20; DFSA F009856)
• Fee structures that can become withdrawal friction

Taken together, the risk profile is consistent with an operation that investors should avoid unless and until the operator can provide entity-level proof that matches official regulator registries under the same name and domain.

What to do if someone is being solicited (or already deposited)

• Do not send more money (especially if told it’s needed to “unlock” withdrawals).
• Attempt a withdrawal immediately and document everything (emails, chat logs, transaction IDs, wallet addresses).
• Contact the payment provider/bank to ask about chargeback/dispute options where applicable.
• Report to relevant authorities/regulators in your jurisdiction and use official regulator complaint channels where available. CIRO also provides investor guidance on checking firm status and protecting against fraud.