Unauthorised Firm Details
Name: Fosterhart
Website: fosterhart.com
What Fosterhart claims to be
Fosterhart is marketed as an online brokerage offering trading in financial derivatives such as CFDs. It promotes access to markets including forex, cryptocurrencies, commodities, indices, and stocks. The platform’s materials advertise fast trade execution, advanced tools, mobile apps, and web trading, positioning itself as modern and user-friendly.
Regulatory and licensing claims vs verifiable facts
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Fosterhart claims to be regulated by certain authorities, including an assertion of a licence with the Swiss Financial Market Supervisory Authority (FINMA).
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However, checks in those regulators’ official registers do not show any matching record for Fosterhart.
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In addition, one national regulator (Australia’s securities regulator, ASIC) has issued a warning that Fosterhart may be offering financial services or products without proper authorisation.
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Monitoring services list no valid regulation, and label the operation as unregulated.
Risk assessment — what this means for potential users
| Type of Risk | Likely Level | Implications |
|---|---|---|
| Financial Loss | High | Funds deposited may be difficult or impossible to retrieve. Withdrawals may be delayed, blocked, or refused. |
| Legal Protection / Recourse | Low | Without regulation, users have limited legal protections, no recourse through financial ombudsmen or compensation schemes. |
| Transparency & Trust | Weak | Hidden ownership, unverified regulation claims, domain age, and mixed reviews reduce reliability. |
| Operational Risk | Significant | Promises of high leverage, fast returns, possible pressure to deposit more, and possibly non-transparent fees are all risk factors. |
Conclusion
Fosterhart presents itself as a full-feature CFD / derivative broker, but a closer look reveals serious concerns. Regulatory claims are not substantiated in official registries, warning notices exist, and many user complaints raise doubts about reliability. The evidence suggests the platform may carry a high risk of fraud or at least being very unreliable. For anyone considering using such a service, it is prudent to treat Fosterhart as high-risk, demand strong proof of licensing, test with very small amounts, and be extremely cautious about making large deposits.
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