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Exceeded
Score
1.59 /10
Danger
FORTUNE SECURITIES
5-10 yearsRegulated in Australia
Investment Advisory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
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Exposure
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Website
Score
Regulatory Index3.05
Business Index7.59
Risk Management Index0.00
Software Index4.00
License Index0.00
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Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-23
- 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!
WikiFX Verification
| FORTUNE SECURITIESReview Summary | |
| Founded | 2003 |
| Registered Country/Region | New Zealand |
| Regulation | Exceeded |
| Market Instruments | CurrencyGlobal Stock IndicesCommodity futuresMetalsStocks |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | 1.7 pips |
| Trading Platform | MT4Web Trading PlatformTablet Trading Platform |
| Min Deposit | $50 |
| Customer Support | Phone: 400-688-0155 |
| Email: services@forex.cn | |
FORTUNE SECURITIES Information
FORTUNE SECURITIES was incorporated in New Zealand in 2003, offering trading products such as Currency, Global Stock Indices, Commodity futures, Metals, Stocks, etc., offering 3 account types and 3 trading platforms. That includes MT4. At present, although FORTUNE SECURITIES holds a regulatory license, the regulatory status is not normal.
Pros and Cons
| Pros | Cons |
| 3 trading platforms and MT4 support | Abnormal regulatory state |
| No commission | |
| Offer demo account | |
| Trade many products |
Is FORTUNE SECURITIES Legit?
| Regulated Country/Region |  |
| Regulated Authority | CFFEX |
| Regulated Entity | FORTUNE SECURITIES PTY LTD |
| License Type | Investment Advisory License |
| License Number | 343560 |
| Current Status | Exceeded |
What Can I Trade on FORTUNE SECURITIES?
FORTUNE SECURITIES offers trading in more than 40 currencies, nine global stock indices, seven commodity futures, two metals, and the stocks of major public companies in the United States, Japan, and Europe.
| Tradable Instruments | Supported |
| Currency | ✔ |
| Global Stock Indices | ✔ |
| Commodity futures | ✔ |
| Metals | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
FORTUNE SECURITIES offers 3 different types of accounts: Mini Account, Standard Account and VIP Account. Their minimum deposit requirements range from $50 to $20,000.
In addition, the default leverage ratio is 1:100. It currently provides 1:100, 1:50, 1:25, 1:20, 1:10 five leverage ratios for you to choose from.
FORTUNE SECURITIES Fees
The spread of EUR/USD for the three accounts are 2.3 pips, 1.7 pips and 1.2 pips. The spread of the remaining forex pairs in the VIP account ranges from 1.5 to 3.7; The rest of the forex spread in the standard account is 1.8 to 3.7; Mini account is 2.3 to 4.5.
The spread of the stock index ranges from 2.2 to 10.
All three accounts have spreads of 0.5 to 5.5 on commodities futures.
All three accounts have a spread of 5.8 to 6 on metals.
In addition, FORTUNE SECURITIES says it is commission-free.
Trading Platform
FORTUNE SECURITIES offers three Trading platforms, MT4,Web Trading Platform and Tablet Trading Platform. Traders can use it on desktop, mobile, web or tablet.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile | All traders |
| Web Trading Platform | ✔ | Web | All traders |
| Tablet Trading Platform | ✔ | Tablet | All traders |
| MT5 | ❌ |
Deposit and Withdrawal
FORTUNE SECURITIES supports a variety of deposit methods: bank wire, VISA, mastercard, and China UnionPay. In addition, both the US dollar and the RMB are supported for deposit, and no deposit procedures are charged. If you deposit funds by bank wire transfer, the bank may charge a certain fee.
About Withdrawal:
Bank transfer: It is usually processed within one business day, but it takes 3-5 days for the funds to be credited to your bank account.
Credit/debit card transfers: Usually processed within one business day, but it takes 5 to 7 days for the funds to be credited to your bank account.
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