What is Fortune？
Fortune is an unregulated financial services provider founded in 2004 and based in India. It operates without regulation, offering services such as DEMAT account management, commodity trading, equity trading, derivatives trading, currency trading, Margin Trading Facility (MTF), and algo trading. It also provides trading platforms accessible through web and mobile platforms. Clients can reach customer support via phone, email, or through a contact form and live chat on their website.
Pros & Cons
Pros:
Diverse Range of Financial Services: Fortune offers a comprehensive range of financial services tailored to meet the diverse needs of investors and traders.
Multiple Customer Support Channels: Fortune provides various customer support channels, enhancing accessibility and assistance for clients.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Is Fortune Safe or Scam？
Fortune currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Services
Fortune provides a comprehensive range of financial services tailored to meet the diverse needs of investors and traders. These services include:
DEMAT ACCOUNT: Fortune offers DEMAT account services, enabling clients to electronically hold and manage their securities, including stocks, bonds, and mutual funds, in a secure and convenient manner.
COMMODITY TRADING: Clients can engage in commodity trading through Fortune's platform, allowing them to buy and sell commodities such as gold, silver, crude oil, agricultural products, and more, to diversify their investment portfolios.
EQUITY TRADING: Fortune facilitates equity trading, enabling clients to buy and sell shares of publicly traded companies on stock exchanges, empowering them to capitalize on investment opportunities in the equity market.
DERIVATIVES TRADING: Fortune provides derivatives trading services, allowing clients to trade financial instruments such as futures and options contracts, helping them hedge risks or speculate on future price movements in various asset classes.
CURRENCY TRADING: Clients can participate in currency trading through Fortune's platform, accessing the foreign exchange market to buy and sell currencies, enabling them to capitalize on fluctuations in exchange rates.
MTF (Margin Trading Facility): Fortune offers MTF service, empowering investors to buy shares and securities with the advantage of margin. This means investors can utilize either cash as margin or pledge approved shares and securities. Once the purchase order is executed, the investor receives the shares and securities after repaying the utilized margin.
ALGO TRADING: Fortune provides algo trading services, allowing clients to automate their trading strategies using algorithms, enabling faster execution, reduced human error, and the ability to capitalize on market opportunities in real-time.
How to Open an Account？
Steps:
Follow the on-screen instructions to input your personal and contact details.
Set a secure password for your account.
Read and agree to the Terms and Conditions as required.
Click on the ''Get OTP'' option to finalize the creation of your account.
An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.
Click on the link received in the verification email to activate your account.
Trading Platforms
Mobile App: Flattrade offers a mobile app that is available on both Android and iOS devices. The app allows you to trade on the go, view live market data, and manage your account.
Web App: Flattrade also offers a web-based platform that can be accessed from any computer with an internet connection. The web platform offers the same features as the mobile app, including live market data, charting tools, and account management.
Customer Service
Fortune provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone Number: 044-45609696 / 044-61329696
Email: support@flattrade.in
Address: 6th Floor, Kochar Technology Park, SP 31-A, 1st Cross Rd, Sai Nagar, Ambattur Industrial Estate, Chennai, Tamil Nadu 600058
Contact form, live chat
Conclusion
In conclusion, Fortune offers an extensive range of trading instruments, making it an advantageous platform for various investors with varying investment styles and goals. While Fortune provides trading platforms accessible through web and mobile platforms, along with various customer support channels, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.
Frequently Asked Questions (FAQs)
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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