Finally Gone: Russian GloryFT Linked to Alpari and Fortrade Disappears

The controversial platform GloryFT, previously associated with broker brands Alpari and Fortrade, has now gone offline. The website currently returns a 404 error, indicating its removal. Earlier investigations by Scam-Or Project highlighted a possible operational link between these entities, raising serious compliance questions.

Background: Alleged Cooperation Between Alpari and Fortrade

Scam-Or Project previously reported indications of collaboration between the broker schemes Alpari and Fortrade. Particular attention was given to the Russian-language platform GloryFT, which presented itself as being operated by:

• Fortrade, regulated by CySEC
• Alpari, licensed in Russia

During investigative testing, users who registered on GloryFT were automatically redirected to the official website of Fortrade Cyprus Ltd to finalize their onboarding. Shortly afterward, confirmation emails were received from ForTrade, reinforcing the connection.

Today, the GloryFT domain is no longer accessible.

Legal Complaint from ForTrade

In April 2022, the law firm Michael Kyprianou Advocates, representing Fortrade, issued a formal complaint to Scam-Or Project. The letter claimed:

• Any assertion linking Fortrade Cyprus Ltd to GloryFT is defamatory
• There is no relationship between Fortrade and Alpari
• Legal action would be pursued if such claims persisted

Evidence Submitted

In response, Scam-Or Project provided supporting documentation, including screenshots demonstrating:

• GloryFT functioned as an Introducing Broker targeting Russian-speaking clients
• Clear redirection flows from GloryFT to Fortrade Cyprus Ltd
• Communication emails originating from ForTrade after registration

Following submission of this evidence, no further communication was received from the complainant.

Statement from Alpari

On May 6, 2022, Alpari Limited—registered offshore in St. Vincent & The Grenadines—also reached out. Their position included:

• Denial of any affiliation with GloryFT
• No operational or business relationship with ForTrade
• Claim that GloryFT was unlawfully using Alpari’s branding and credentials

Alpari stated that they had contacted the operators behind GloryFT and that this action ultimately led to the platform being taken down.

Key Findings and Timeline

According to publicly available data, including records from the Internet Archive, GloryFT operated for nearly five years.

Overview of Activity

Despite this extended activity period, both Fortrade and Alpari now state they were unaware of GloryFT’s operations.

Current Status: Platform Offline

As of now, the GloryFT website is inaccessible and returns a 404 (Not Found) error. However, during earlier reviews, a deep technical and operational integration between ForTrade and GloryFT was observed. Such integration—particularly user redirection and communication workflows—would likely require direct or indirect involvement.

Clarifications on Alpari’s Role

It is important to distinguish between entities:

• Alpari Limited (St. Vincent & The Grenadines) – offshore broker, not authorized in Europe
• Alpari Broker LLC – licensed by the Central Bank of Russia

While no direct link was established between Alpari Limited and GloryFT, the platform explicitly referenced Alpari Broker LLC, indicating at least some form of association.

Preliminary Conclusion

The statements issued by Fortrade and Alpari contradict the findings gathered during the investigation. The existence of:

• Redirection mechanisms
• Shared branding
• Email communications

suggests that GloryFT operated with a level of integration that cannot be easily dismissed.

A more comprehensive follow-up report is expected to further clarify these relationships and ensure balanced assessment.

Share Information

If you have insights or evidence related to GloryFT, ForTrade, or Alpari, you can submit information confidentially via the Scam-Or Project whistleblower section.