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The WikiFX Score of this broker is reduced because of too many complaints!

FPG Fortune Prime Global

Australia|10-15 years|
Market Making(MM)|MT4 Full License|Regional Brokers|High potential risk|Offshore Regulated|

https://fortuneprime.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

10
Server Name
FortunePrimeGlobal-Demo MT4
Server Location United States

Contact

+61 02 8018 4648
support@fortuneprime.com
https://fortuneprime.com/
1276, Govant Building, Kumul Highway, Port Vila, Vanuatu
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+61 02 8018 4648

English

+44 20 8144 6588

Broker Information

More

Company Name

Fortune Prime Limited

Company Abbreviation

FPG Fortune Prime Global

Platform registered country and region

Australia

Company website
Facebook

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2024-05-20
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Vanuatu VFSC regulation with license number: 700507 is an offshore regulation. Please be aware of the risk!

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    FPG Fortune Prime Global · Company Summary

    Registered in Australia
    Regulated by ASIC, VFSC
    Year(s) of establishment 2011
    Trading instruments Over 100 intrsuments, covering forex pairs, commodities, stocks, cryptocurrencies, indices
    Minimum Initial Deposit $100
    Maximum Leverage 1:500
    Minimum spread 0.0 pips onwards
    Trading platform MT4, Webtrader
    Deposit and withdrawal methods Bank Wire, Tether, Payment Asia and fasapay, DragonPay, Help2Pay, China Union Pay
    Customer Service Email/ phone number /live chat
    Fraud Complaints Exposure No for now

    General information

    Fortune Prime Global Limited (short for “FPG”) present itself an ECN forex broker, with its headquarter located in Melbourn, Australia. FPG advertises that it has a global business coverage, having setting branches and offices in many countries. FPG operates under the regulatory supervision of the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). FPG offers a comprehensive range of trading services, catering to both retail and institutional clients. FPG enables traders to access various financial markets, including forex, commodities, indices, shares and cryptocurrency, with the maximum trading leverage for forex trading is up to 1:500.

    One of the key advantages of trading with FPG is the availability of multiple trading account types. These account types cater to the diverse needs and trading styles of different traders, including Cent, Standard, Prime and ECN, with the minimum deposit to open a cent account from $40. Whether you are a beginner or an experienced trader, FPG has tailored account options to suit your requirements.

    In terms of trading platforms, FPG offers the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface, advanced charting tools, and extensive range of technical indicators. MT4 provides a reliable and efficient trading experience, allowing traders to execute trades seamlessly and access real-time market data.

    Customer support is a priority for FPG and traders can reach out to the customer support team through multiple channels, including phone, email and live chat. The support team is available during trading hours to address inquiries, provide technical support, and assist with any account-related matters.

    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. We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

    basic-info

    Is FPG legit or a scam?

    FPG operates through two entities, each regulated by different authorities. FORTUNE PRIME GLOBAL CAPITAL PTY LTD is regulated by the Australian Securities and Investments Commission (ASIC), a well-known regulatory body in Australia. ASIC oversees and enforces financial regulations to ensure fair and transparent operations within the Australian financial markets.

    regulation

    FORTUNE PRIME LIMITED, its global entity, is regulated by the Vanuatu Financial Services Commission (VFSC). The VFSC is the regulatory authority responsible for overseeing financial services providers in Vanuatu. While Vanuatu is an offshore jurisdiction, it does have its own regulatory framework in place to supervise financial activities within its jurisdiction.

    regulation

    Regulation by ASIC and VFSC signifies that FPG is subject to certain compliance standards and regulations in their respective jurisdictions. It is important to note that regulatory oversight helps promote transparency, investor protection, and adherence to industry best practices.

    Pros and Cons

    FPG (Fictitious Forex Broker) has its strengths and weaknesses. On the positive side, it offers a wide range of currency pairs and trading instruments, along with competitive spreads and low trading fees. The broker supports the popular MT4 trading platform and provides access to educational resources and market analysis. Traders can choose from four types of trading accounts and enjoy generous leverage of up to 1:500.

    However, FPG also has its drawbacks. The broker imposes higher minimum deposit requirements compared with other brokers, which could deter beginner traders or those with limited capital. There is also a potential risk of price manipulation due to the absence of proper regulation. Withdrawal options are limited, and delays in processing withdrawals may occur.

    Pros Cons
    • ASIC supported
    • No demo account
    • Wide range of currency pairs and trading instruments
    • Limited customer support options
    • Low minimum deposit of $100
    • High minimum deposit requirements
    • Four types of trading accounts to choose from
    • Potential for price manipulation
    • Generous leverage up to 1:500
    • Limited withdrawal options and delays
    • Competitive spreads and low trading fees
    • No Islamic trading account
    • MT4 trading platform and webtrader supported
    • Trading platform limited to MT4
    • Access to educational resources and market analysis
    • Copy trading available

    Market instruments

    FPG offers a diverse range of market instruments, catering to the needs of traders looking to access different financial markets. The broker provides access to various asset classes, including forex, commodities, indices, shares, and cryptocurrencies.

    Forex: FPG allows traders to participate in the global currency market, offering a wide range of forex pairs to trade. Traders can engage in major, minor, and exotic currency pairs, taking advantage of the volatility and potential profit opportunities in the forex market.

    Commodities: FPG enables traders to access the commodities market, where they can trade popular commodities such as gold, silver, crude oil, natural gas, and more.

    Indices: FPG provides access to a variety of global indices, allowing traders to speculate on the performance of stock market indices from around the world. Popular indices such as the S&P 500, Dow Jones, FTSE 100, and Nikkei 225 are available for trading.

    Shares: FPG offers the opportunity to trade shares of various publicly listed companies. Traders can engage in stock trading, speculating on the price movements of individual company stocks.

    Cryptocurrency: FPG facilitates trading in cryptocurrencies, including popular digital assets like Bitcoin, Ethereum, Litecoin, and more.

    products

    Spreads and Commissions for trading with FPG

    When it comes to spreads and commissions, FPG offers a variety of trading accounts with different pricing structures. The spreads and commissions vary depending on the type of account chosen.

    For the Cent and Standard accounts, FPG provides a zero-commission trading environment. The Cent account features spreads starting from 0.2 pips, while the Standard account offers even tighter spreads starting from 0.1 pips. These accounts are suitable for traders who prefer to escape from the burden of additional commissions. The Prime account is designed for more experienced traders who require enhanced trading conditions. This account also offers a zero-commission setup, but with even lower spreads, starting from 0.1 pips. It provides traders with the advantage of tighter spreads for potentially better trade execution.

    For traders who prefer an ECN (Electronic Communication Network) trading environment, FPG offers the ECN account. This account type features raw spreads starting from 0.0 pips, providing traders with direct access to the interbank market. However, there is a commission of $3.5 per lot traded, which is standard practice in ECN trading.

    spread-commission

    Non-Trading Fees

    In addition to trading fees, FPG imposes non-trading fees that traders should be aware of. These fees, separate from the actual cost of executing trades, can impact the overall profitability of trading activities.

    While FPG offers competitive spreads and low trading fees, it's important to consider the non-trading fees that may apply. These fees can include deposit and withdrawal fees, inactivity fees, account maintenance fees, and currency conversion fees. Traders should carefully review the broker's fee structure to assess the potential impact on their trading strategies and profitability. It's worth noting that non-trading fees can vary among brokers, and FPG may have its specific fee structure. By being aware of the non-trading fees associated with FPG, traders can better manage their costs and make informed decisions about their trading activities.

    Account Types for FPG

    FPG provides traders with a selection of four distinct trading account types: Standard, Prime, ECN, and Cent. Each account type caters to different trading needs and preferences. Let's explore the features and characteristics of each account:

    • Cent Account: The Cent account is suitable for traders who prefer to trade with smaller position sizes or test their strategies with minimal risk. It requires a minimum deposit of $40 and offers leverage of up to 1:500. This account type allows traders to trade in micro-lots, making it ideal for beginners or those with limited trading capital.

    • Standard Account: The Standard account is designed for traders seeking a straightforward trading experience. It requires a minimum deposit of $50 and offers leverage of up to 1:500. This account type is suitable for beginners or traders with limited capital.

    • Prime Account: The Prime account is tailored for traders looking for enhanced trading conditions and features. It requires a minimum deposit of $100 and offers leverage of up to 1:500. Traders can enjoy competitive spreads, faster execution, and additional trading tools.

    • ECN Account: The ECN (Electronic Communication Network) account is geared towards experienced traders who require direct access to market liquidity and tighter spreads. It requires a minimum deposit of $200 and provides leverage of up to 1:500. Traders can take advantage of faster order execution and access to interbank pricing.

    EA and hedging are all available for these four types of accounts.

    account-types

    Trading Platform

    FPG offers a reliable and feature-rich trading platform to cater to the needs of its traders. The broker supports the widely acclaimed MetaTrader 4 (MT4) platform, known for its robust functionality and user-friendly interface. MT4 is a popular choice among traders globally due to its comprehensive charting capabilities, advanced technical analysis tools, and efficient order execution. With MT4, traders can access real-time market data, monitor multiple instruments simultaneously, and execute trades with ease. FPG MT4 is available for Mac, PC, Android versions.

    trading-platform
    trading-platform

    Webtrader

    In addition to MT4, FPG also provides a Webtrader platform, offering convenience and flexibility to traders who prefer accessing their accounts via a web browser. The Webtrader allows traders to access their accounts from any device with an internet connection, eliminating the need for downloading or installing any software. It provides a user-friendly interface, essential trading features, and real-time market updates, enabling traders to execute trades and manage their positions effortlessly.

    web-trader

    Leverage offered by FPG

    FPG offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

    Deposit and withdrawal methods and fees

    Clients can fund their accounts via Bank Wire for multi-currencies (except in China Mainland), with a minimum deposit of $100. For traders in mainland China, the China Union Pay option is available, accepting CNY deposits starting from $50. Regional payment gateways like Dragonpay (Philippines), Help2Pay (global except Europe), and Payment Asia (global) enable instant deposits in local currencies like PHP, IDR, MYR, THB, and VND, with minimums ranging from $50 to $100. Tether (USDT) is also accepted worldwide, with a $50 minimum deposit. Most deposit methods are free of charge, except for potential fees imposed by the client's bank or payment service provider.

    deposit

    When it comes to withdrawals, FPG broker offers similar options to cater to traders worldwide. Bank Wire withdrawals are available globally (except China Mainland) for USD, with a $50 minimum. China Union Pay is an option for Chinese traders, allowing CNY withdrawals starting from $50. Regional payment gateways like Dragonpay, Help2Pay, and Payment Asia facilitate withdrawals in local currencies like PHP, IDR, MYR, THB, and VND, with minimums ranging from $50 to $100. Tether (USDT) withdrawals are also supported globally, with a $50 minimum. Most withdrawal methods are processed within one working day, and FPG does not charge any fees for withdrawals, although the client's bank or payment service provider may impose fees.

    withdrawal

    Customer Support

    FPG provides assistance to its clients through multiple channels, including phone, email, and online chat. The availability of phone support enables traders to directly speak with a representative, allowing for real-time assistance and addressing any urgent queries or concerns. Email support provides a convenient way to communicate non-urgent matters, allowing traders to receive detailed responses and maintain a record of their communication with the broker.

    For those seeking immediate assistance or quick responses, FPG offers online chat support. This feature allows traders to engage in real-time conversations with a support agent directly through the broker's website or trading platform.

    Additionally, FPG provides a comprehensive Frequently Asked Questions (FAQs) section. This resource addresses common queries related to account opening, funding, trading conditions, and more. Traders can refer to FAQs to find quick answers to their questions without the need for direct assistance.

    customer-support
    customer-support

    Educational Resources

    At FPG, traders have access to a range of educational resources designed to enhance their trading knowledge and skills. These resources cover various aspects of the financial markets and aim to empower traders with valuable insights and strategies. From daily economic analysis to in-depth trading analysis.

    One of the key educational resources offered by FPG is daily economic analysis. Traders can stay updated on the latest economic events, market trends, and news that impact the financial markets.

    Additionally, FPG offers detailed trading analysis, providing traders with technical and fundamental analysis of different financial instruments. This analysis explores price patterns, support and resistance levels, trend indicators, and other critical factors that influence market movements.

    Furthermore, FPG provides financial tips and educational articles that cover a wide range of topics related to trading, risk management, and investment strategies.

    educational-resources
    educational-resources

    Conclusion

    In conclusion, FPG offers a range of positive features, such as a wide selection of currency pairs and trading instruments, competitive spreads, low trading fees, and access to educational resources. Traders also have the option to choose from multiple trading accounts and benefit from generous leverage. However, there are notable drawbacks to consider, including potential risks associated with price manipulation. Additionally, the withdrawal options are limited, and delays in processing withdrawals may occur.

    FAQs

    Q: Is FPG a regulated forex broker?

    A: No, FPG is regulated by ASIC and VFSC.

    Q: Does FPG offer a demo account for practice?

    A: Yes, FPG does provide a demo account for traders to practice their strategies.

    Q: What are the minimum deposit requirements for opening an account with FPG?

    A: FPG offers a low minimum deposit requirement of $100, making it accessible for traders with varying budgets.

    Q: What types of trading accounts are available with FPG?

    A: FPG offers four types of trading accounts, including Standard Accounts, ECN Accounts, Cent Accounts and Prime Accounts.

    Q: What is the maximum leverage offered by FPG?

    A: FPG provides generous leverage of up to 1:500, allowing traders to amplify their trading positions.

    Q: Does FPG support the popular MT4 trading platform?

    A: Yes, FPG supports the widely used MT4 trading platform as well as a webtrader.

    Q: Are there educational resources and market analysis available for traders?

    A: Yes, FPG provides access to educational resources and market analysis, which can assist traders in making informed trading decisions.

    Q: Can traders engage in copy trading with FPG?

    A: Yes, FPG offers copy trading functionality, allowing traders to follow and replicate the trades of successful traders.

    Risk Warning

    Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

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    User Reviews

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    24

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    Write a review

    Deepika Padukone
    more than one year
    Fast deposit and withdrawal, no funding fees, just great for me!!!
    2024-05-16 15:10
    Reply
    0
    0
    Michael Davies
    more than one year
    I enjoy the feeling of being trading with this broker, and I have open an ecn account here, rawa spreads, fast order execution, and great support. EVERYTHING IS SO PERFECT !!! YOU ARE AMAZING FPG!!!
    2024-05-16 14:07
    Reply
    0
    0
    Stanley Milburn
    more than one year
    The quotes are real, the execution is at a high level, spreads are competitive. 5 stars.⭐⭐⭐⭐⭐
    2024-05-06 17:27
    1
    0
    0
    FX1653683023
    more than one year
    A fantastic broker, I trust them completely. Everything went smoothly, and I'm pleased I could transfer funds from my crypto wallet to my MT account. The support was fast, transparent, and professional. I want to thank Nicole from the support team who not only helped resolve my situation but also provided advice on my security measures. Special thanks to Antoniya Yonova Tony for her personal guidance throughout this new experience. Right after registering my account, I was assigned a personal advisor who even gave me a call, and we had a chat.
    2024-03-22 15:31
    Reply
    0
    0
    Thanawat Pothiba
    more than one year
    Still remembered, a trade with the AUD/JPY pair on FPG. Relying on their timely trading signals, I shorted the pair, expecting a dip. Thankfully, FPG's swift order execution ensured my trade was placed exactly when I wanted it. When the pair indeed dipped, I profited nicely. The subsequent withdrawal of my winnings, while not lightning-fast, was hassle-free, reinforcing my confidence in FPG.
    2023-11-30 15:30
    Reply
    0
    1
    Closure
    more than one year
    My sheriffs at FPG keep them forex spreads locked down tighter than Fort Knox security baby! And they be faster on the execution than DJ Khaled yelling “annotha one”! Nailing breakouts on EUR/JPY is childsplay thanks to FPG's beast infrastructure. No fake promises neither - one hour funds transfer, crazy bonuses, the works, they Deliver it to ya doorstep for real no cap! And my guys at FPG backdesk resolve all ma noob questions sharpishly through call n chat. Dey got all language translators n stuff covered so ain't no barriers for this diverse squad tryna get educated on pips n margins n complex stuff. Bless up kings! FPG= Fa Real Partners to me LOL!
    2023-11-28 16:50
    Reply
    0
    1
    FX1429302730
    more than one year
    FPG is a Good broker, quick withdrawals and friendly service.
    2023-06-05 07:57
    Reply
    0
    2
    FPGAndrea
    6-12months
    Caisheng International FPG Australian regulatory high-quality platform platform provides encrypted currency financial derivatives precious metals crude oil stock index CFD platform In addition to 1% account transfer subsidy, there is also a 20% discount activity with a bonus of up to 4,000 US dollars. The spread of the platform is also good and the lowest is reached 0 Leverage up to 500 times is very good. Leverage can usually be adjusted to 100, 200, 400 times. The platform agency rebate is also very good, especially if you can act as an agent to get the highest rebate gold to 22 dollars. The first-hand rebate ratio is also quite good. Sheng platform deposits and withdrawals Quick deposits usually arrive in real time and withdrawals arrive within 1-2 days. It is really convenient. Overall, the advantages of the platform are diversified and it is a very good platform.
    2023-05-25 12:15
    Reply
    0
    2
    柯丽
    more than one year
    By chance, I got to know the FPG platform. My FPG account manager is very professional, with good service and fast service. They also have analysts who can give me advice. The response is fast. If you have any questions, you can immediately ask the account manager and get a reply immediately. My account manager is really great. Withdrawal is easy and fast. In addition, they have organized many activities to give back to customers! is a great trading platform!
    2023-04-05 15:07
    1
    0
    2
    FX5514426452
    more than one year
    Great choice, very good ASIC regulated broker, service is excellent, tight spread, fast deposit and withdrawal, overall, a great one.
    2023-04-05 08:44
    1
    0
    1
    FX5514426452
    more than one year
    Great ASIC regulated broker, tight spread, fast execution speed, fast deposit and withdrawal, great service, overall, outstanding broker, great experiences.
    2023-04-04 09:53
    1
    0
    1
    FX5514426452
    more than one year
    FPG Capital is a great broker that provides great service, overall, great experience.
    2023-04-03 16:31
    Reply
    0
    0
    FX1253350750
    more than one year
    The suggestions and market analysis have enabled me to increase my profit over my original gains. This website has become my favourite ever! The developers did a truly fantastic job!
    2023-02-24 16:02
    Reply
    0
    0
    FX1222754830
    more than one year
    It is an awesome broker! The previous one has scammed me, so now I make my choices carefully. This broker has proven that it can protect my funds, and there will be no issues during transactions.
    2023-02-14 18:16
    1
    0
    0
    Thomas8
    more than one year
    Recommended! tight spreads and quick service as well!
    2023-01-03 19:43
    1
    0
    0
    FPG
    more than one year
    Good service, no issue with withdrawals. good work team!
    2022-12-30 08:31
    Reply
    0
    0
    Agustinus Revelle Sitorus
    more than one year
    Do not trade with FPG! Totally a scam company. At first they lured me in with various conditions, letting me invest and promising me high returns. After making a deposit, they said that the market fluctuates and risk is unavoidable...
    2022-11-23 10:08
    Reply
    0
    0
    Ray
    more than one year
    Basically, it is an internal market, what British supervision, only Crypto and UnionPay card deposit and withdrawal methods, not even a British bank, there are doubts about the safety of funds
    2022-11-16 13:43
    Reply
    0
    0
    12
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