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FORTUNE SECURITIES

The Virgin Islands|5-10 years|
Regulated in Australia|Investment Advisory License|Counterfeit MT4/5|Regional Brokers|Suspicious Overrun|High potential risk|

https://www.forex.cn/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Counterfeit

5
Server Name
FortuneInternational-Live MT4
Server Location Hong Kong

Contact

+61 2 99948000
services@forex.cn
https://www.forex.cn/
Vistra Corporate Services Centre,Wickhams Cay II,Road Town,Tortola,VG1110,British Virgin Islands

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+61 2 99948000

Broker Information

More

Company Name

Fortune International Financial Services Co., Ltd

Company Abbreviation

FORTUNE SECURITIES

Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 343560)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

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FORTUNE SECURITIES · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

FORTUNE SECURITIES Review Summary
Founded 2013
Registered Country/Region Australia
Regulation ASIC (Suspicious Clone)
Market Instruments Currencies, global stock indices, commodity futures, metal and stock
Demo Account Available
Leverage 1:100
EUR/ USD Spreads About 2.3 pips (Mini account)About 1.7 pips (Standard account)About 1.2 pips (VIP account)
Trading Platforms MT4, MT5
Minimum Deposit $50 (Mini account)$3000 (Standard account)$20,000 (VIP account)
Customer Support Phone, email

What is FORTUNE SECURITIES?

FORTUNE SECURITIES is an established financial institution that offers trading services to its clients with support for both the popular MT4 and MT5 platforms. Besides, it offers a range of trading instruments and accounts for their clients. However, there have also been reports of a suspicious clone, raising concerns about the legitimacy and security of the platform.

FORTUNE SECURITIES' home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• MT4 and MT5 supported • ASIC (Suspicious clone)
• Account variety • No address revealed
• A range of trading instruments • No social media presence
• Demo accounts available • Wide spreads
• Commission-free
• Low minimum deposit
• Multiple payment options
• Flexible leverage
• Multiple payment options

FORTUNE SECURITIES Alternative Brokers

There are many alternative brokers to FORTUNE SECURITIES depending on the specific needs and preferences of the trader. Some popular options include:

  • AETOS - A global forex and CFD broker providing competitive trading services and advanced trading platforms to traders worldwide.

  • XGLOBAL Markets - An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network.

  • XM - A flexible trading platform with low spreads and a range of trading instruments.

Is FORTUNE SECURITIES Safe or Scam?

FORTUNE SECURITIES claims it is regulated by ASIC but it is a suspicious clone. Therefore, it currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.

suspicious clone ASIC license

However, FORTUNE SECURITIES places emphasis on the security of their clients' funds. They adhere to strict measures to ensure the safety and reliability of customer funds. All client funds are handled separately and kept in authorized bank supervision accounts.

The company takes data confidentiality and information security seriously. Customer personal data and transaction information are protected rigorously and are not disclosed to any third-party institutions or individuals. FORTUNE SECURITIES advises customers to refrain from disclosing their information and recommends changing passwords regularly to safeguard personal data and transaction information.

In terms of account review, FORTUNE SECURITIES follows a stringent process. During the account opening procedure, customers are required to provide their real name and valid ID number. Once the account opening is complete, the customer's name is linked to their withdrawal account, and the withdrawal account must also be under the customer's own name. Each payment is scrutinized to ensure that the incoming bank account number matches the customer's name. Any changes to the binding data can only be made by the customer themselves, and the bank account number being changed must also be in the customer's name. This ensures that even in the event of a severe case where the customer's transaction password is leaked, others can not benefit from obtaining the customer's trading account number.

protection measures

All in all, if you are considering investing with FORTUNE SECURITIES, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Trading Instruments

FORTUNE SECURITIES offers a variety of trading instruments across different asset classes, including currencies, global stock indices, commodity futures, metal and stock.

  • Currency Pairs:

FORTUNE SECURITIES offers a variety of currency pairs for trading in the foreign exchange (Forex) market. Currency pairs represent the exchange rate between two different currencies, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen).

  • Global Stock Indices:

FORTUNE SECURITIES provides trading opportunities on global stock indices through contracts for difference (CFDs). CFDs allow traders to speculate on the price movements of stock market indices, such as the S&P 500, Dow Jones Industrial Average, or FTSE 100, without owning the underlying assets.

  • Commodity Futures:

It offers trading in commodity futures contracts. Commodity futures enable traders to speculate on the future price movements of various commodities, including energy commodities like crude oil, metals like gold or silver, and soft commodities like wheat or cocoa.

  • Stocks:

FORTUNE SECURITIES facilitates trading in stocks of various companies listed on stock exchanges worldwide. Traders can potentially buy (go long) or sell (go short) stocks to take advantage of price fluctuations. Stocks may include those from major global markets like the United States, Japan, or Europe, as well as local markets such as Hong Kong.

Trading Instruments

Accounts

FORTUNE SECURITIES offers three live account types including the Mini account, the Standard account and the VIP account with the minimum deposit requirement of $50, $3000 and $20000 respectively.

  • Mini Account:

It is designed for new or casual traders who want to start with a smaller investment. The features and benefits associated with the Mini account may vary and be specific to FORTUNE SECURITIES.

  • Standard Account:

This account type is typically suitable for traders who have some experience and are looking for more advanced trading features and services. As with any account type, specific details and benefits would need to be obtained from FORTUNE SECURITIES directly.

  • VIP Account:

This account type is likely designed for experienced or high-net-worth traders who require premium services and additional benefits. Again, the exact features of the VIP account would need to be confirmed with FORTUNE SECURITIES.

Account type details

Leverage

FORTUNE SECURITIES offers the maximum leverage of 1:100. Also, it also provides the leverage of 1:100, 1:50, 1:25, 1:20, 1:10 for clients to choose. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. A leverage ratio of 1:100 means that for every unit of capital the trader has, they can control a position in the market that is 100 times larger.

FORTUNE SECURITIES offers flexible leverage options to their clients. The specific leverage ratios available may vary depending on the trading products and regulatory requirements. Clients have the ability to choose from different leverage ratios based on their risk appetite and trading strategy.

To modify the leverage ratio with FORTUNE SECURITIES, clients are advised to log in to their “Personal Center” on the trading platform. Within the Personal Center, they can navigate to the “Change Leverage” section. Here, clients can select the desired leverage ratio from the available options provided by FORTUNE SECURITIES.

It is important to note that when changing the leverage ratio, it is recommended to ensure that there are no open positions in the trading account. This is because modifying the leverage ratio while having open positions may result in insufficient margin requirements, which could lead to forced liquidation of existing positions.

Spreads & Commissions

FORTUNE SECURITIES offers different spreads for each of their live account types: the Mini account, the Standard account, and the VIP account.

-For the Mini account: FORTUNE SECURITIES offers a spread of about 2.3 pips. The spread refers to the difference between the bid price (the price at which traders can sell a financial instrument) and the ask price (the price at which traders can buy a financial instrument). A spread of 2.3 pips indicates that the difference between the bid and ask prices for the instruments offered in the Mini account is typically 2.3 pips.

-For the Standard account: It offers a tighter spread of about 1.7 pips. A tighter spread generally indicates lower transaction costs for traders. With a spread of about 1.7 pips, the difference between the bid and ask prices for instruments within the Standard account is reduced compared to the Mini account.

-For the VIP account: it offers an even tighter spread of about 1.2 pips. This suggests that traders using the VIP account can potentially benefit from lower transaction costs compared to the Mini and Standard accounts.

Besides, it charges no commission for their accounts.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
FORTUNE SECURITIES 1.7 pips (Std) None
AETOS 1.2 pips None
XGLOBAL Markets 0.5 pips None
XM 0.1 pips $3.5 per lot

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

FORTUNE SECURITIES offers for MT4 and MT5 its clients. These platforms offer a comprehensive set of tools and features to enhance the trading experience for both beginner and experienced traders.

The MT4 platform provided by FORTUNE SECURITIES is widely recognized in the industry for its user-friendly interface and powerful functionality. It offers a range of charting and analysis tools, allowing traders to make informed decisions based on technical indicators and patterns. Traders can also create and customize their own trading strategies using the platform's built-in programming language, MetaQuotes Language 4 (MQL4). The platform supports various order types and execution modes, providing flexibility in executing trades.

On the other hand, FORTUNE SECURITIES also provides its clients with the latest version, MT5. MT5 offers enhanced charting capabilities, providing access to more timeframes, technical indicators, and graphical objects. Traders can conduct in-depth analysis of the markets and make precise trading decisions.

MT4

See the trading platform comparison table below:

Broker Trading Platform
FORTUNE SECURITIES MT4, MT5
AETOS MT4
XGLOBAL Markets MT4, MT5
XM MT4, MT5

Deposits & Withdrawals

FORTUNE SECURITIES provides a variety of convenient deposit and withdrawal methods to cater to the diverse needs of their clients. One of the primary methods is through credit and debit cards. Clients can easily fund their trading accounts by linking their credit or debit cards to their FORTUNE SECURITIES account. This allows for quick and hassle-free deposits, enabling clients to start trading without delay.

Additionally, FORTUNE SECURITIES supports wire transfer as another deposit method. Clients can initiate wire transfers from their bank accounts directly to their FORTUNE SECURITIES trading accounts. This method is particularly suitable for larger deposit amounts or for clients who prefer traditional banking channels.

Notably, FORTUNE SECURITIES does not charge any remittance fees for deposits. This means that clients can transfer funds into their trading accounts without incurring any additional charges from FORTUNE SECURITIES.

When it comes to withdrawals, FORTUNE SECURITIES ensures a smooth and efficient process. Clients can request withdrawals through their trading account, specifying the desired withdrawal amount. The funds can then be transferred back to the client's linked bank account via wire transfer. FORTUNE SECURITIES endeavors to process withdrawal requests promptly, allowing clients to access their funds in a timely manner. The types of bank cards supported byFORTUNE SECURITIES include: Industrial and Commercial Bank of China, China Merchants Bank, China Construction Bank, Bank of China, Bank of Communications, China CITIC Bank, Guangdong Development Bank, China Everbright Bank, Ping An Bank, Agricultural Bank of China, China Minsheng Bank, China Post, Bank of Beijing, Industrial Bank, Shanghai Pudong Development Bank, etc.

Deposits & Withdrawals

FORTUNE SECURITIES minimum deposit vs other brokers

FORTUNE SECURITIES Most other
Minimum Deposit $50 $100

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Phone: 400-688-0155

Email: services@forex.cn

Whats more, FORTUNE SECURITIES provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource,FORTUNE SECURITIES aims to provide transparency and clarity to their clients, helping them make informed decisions.

FAQ

Conclusion

In conclusion, FORTUNE SECURITIES is a trading platform that offers services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, FORTUNE SECURITIES's trading platforms, MT4 and MT5, caters to the needs of both beginner and advanced traders.

However, FORTUNE SECURITIES doesnt have regulation because of its suspicious clone. Therefore, traders should verify the regulatory status of FORTUNE SECURITIES or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is FORTUNE SECURITIES regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at FORTUNE SECURITIES?
A 2: You can contact via phone, 400-688-0155 and email, services@forex.cn.
Q 3: Does FORTUNE SECURITIES offer demo accounts?
A 3: Yes.
Q 4: Does FORTUNE SECURITIES offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4 and MT5.
Q 5: What is the minimum deposit for FORTUNE SECURITIES ?
A 5: The minimum initial deposit to open an account is $50.
Q 6: Is FORTUNE SECURITIES a good broker for beginners?
A 6: No. It is not a good choice for beginners because of its suspicious clone condition.

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