Polish
English
German
French
Portuguese
Italian
Czech
Slovak
Vietnamese
Polish
Fractal Trader on the list of public warnings of the PFSA
Fraktal Trader, a company focusing its activities on investing in Forex trading, has been placed on the list of public warnings of the Polish Financial Supervision Authority today. The company faces a fine of up to PLN 5 million.
Trader Fractal and the KNF warning
Fraktal Trader LLC with its seat in the USA, Fraktal Trader SC with its seat in Warsaw, Fraktal Trader sp. Z oo International sp. K. With its seat in Łódź and Fraktal Trader sp. Z oo sp.k. based in Łódź, FT Szkolenia SC based in Cieszyn, these are five new items that have been placed in the KNF register on the "black list". This action is not the same as a judgment of guilt, but only means the initiation of proceedings to clarify whether the allegations are justified.
In each of the five cases, the reason is the same:
Proceedings regarding an act pursuant to art. 178 of the Act on trading in financial instruments. The chairman of the PFSA joined proceedings initiated by another entity.
This article applies to conducting business in the field of trading in financial instruments without permission or authorization contained in separate regulations. A violation of this provision may result in a fine of up to PLN 5 million.
Controversy around the company
There are many extreme opinions on the activities of "Fraktala" on the web. On the one hand, we see graphics and videos with only upward-only capital curves, a pile of cash, expensive cars, exotic locations, and flattering customer ratings. On the other hand, we hear the voices of "awakened participants" who directly write about the manipulations and unethical practices on the part of the company.
Backtest result from EA Fractal Trader. Found on the web.
One of the loudest conflicts took place with the Trading Jam Foundation, which conducted a series of interviews with former clients and employees of the training company who were to reveal the backstage of the trainers' activities. The dispute between both parties is still pending in court.
