FSL

FSL Review Summary
Founded	1994
Registered Country/Region	Pakistan
Regulation	Unregulated
Products & Services	Equities and commodities trading and research services
Demo Account	Unavailable
Trading Platforms	Fortune Connect platform
Minimum Deposit	N/A
Customer Support	Mon – Fri: 9:00 – 17:00 (Closed on Weekends) Telephone, fax:, email:info@fortunesecurities.com, online messaging, Twitter, Facebook, Instagram, and Linkedin

What is FSL？

Established in 1994, Fortune Securities Ltd (FSL) has emerged as a premier member of the Pakistan Stock Exchange, offering unparalleled services in the realm of equity and commodities trading. FSL prides itself on being a top-tier, full-service brokerage firm, catering to both Retail and Institutional clients with a comprehensive suite of research-driven, broking, and advisory solutions. Nevertheless, it is not regulated.

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros	Cons
Extensive Research Coverage	Unregulated
Diverse Account Types	Limited Availability of Demo Account
Direct Market Access	Limited Operating Hours
Multiple Contact Channels

Pros:

- Extensive Research Coverage: With coverage of 60% of the KSE 100, FSL provides clients with extensive research services, offering valuable insights to aid in informed investment decisions.

- Diverse Account Types: FSL offers a range of account types tailored to meet the diverse needs of its clients in both equities and commodities trading, providing flexibility and customization option

- Direct Market Access: Clients benefit from direct market access, ensuring sufficient liquidity for executing large block trades with ease, which is crucial for Institutional clients and high-volume traders.

- Customer Support: FSL prioritizes customer satisfaction by offering robust customer support services accessible through various channels, including telephone, email, and social media platforms, enhancing accessibility and responsiveness.

Cons:

- Unregulated: Despite FSLs commitment to ethical standards and transparency, being unregulated may pose a concern for some clients who prefer brokerage firms operating under regulatory oversight for added security and compliance assurance.

- Limited Availability of Demo Account: The absence of a demo account may hinder potential clients from familiarizing themselves with FSLs trading platforms and services before committing to opening an account, potentially impacting the onboarding process for new clients.

- Limited Operating Hours: FSLs customer support operates only during weekdays from 9:00 to 17:00, which may inconvenience clients who require assistance outside of these hours, particularly those in different time zones or with busy schedules.

Is FSL Safe or Scam？

FSL's current lack of valid regulation implies a significant risk for potential investors. Without governmental or financial authority oversight, the operations of the platform are not subject to the checks and balances typically imposed by regulatory bodies. This absence of regulation creates an environment where the individuals managing the platform hold unchecked power over investors' funds.

Products & Services

FSL (Financial Services Limited) offers a comprehensive range of services and products tailored to meet the diverse needs of its clients in the financial markets.

- Equities Trading:

- High-quality trade executions: FSL provides efficient and reliable execution services for equities trading to ensure optimal outcomes for clients.

- Trading platform: FSL offers a robust online, mobile, and desktop trading platform, equipped with advanced features and tools for seamless trading experiences.

- Research: Clients have access to both technical and fundamental research, enabling them to make informed decisions based on market analysis and insights.

- Commodities Trading:

- Spot and future contracts: FSL facilitates trading in spot and future contracts offered by PMEX (Pakistan Mercantile Exchange) across various commodity categories including precious metals, energy, industrial metals, and agricultural commodities.

- Research Services:

- Finest research team: FSL boasts one of the finest research teams in the industry, dedicated to providing insightful analysis and reports.

- Research publications: FSL's research publications cover a wide range of topics including analysis on listed companies, economic trends, and political developments. These publications offer timely insights to help clients make well-informed investment decisions.

Account Types

FSL (Financial Services Limited) provides a range of account types tailored to meet the diverse needs of its clients in both equities and commodities trading.

Corporate Account:

- Designed for corporate clients looking to engage in equities trading.

- Offers tailored services and support to meet the specific requirements of corporate entities.

- Provides access to FSL's comprehensive suite of trading platforms, research services, and personalized sales trading facilities.

Retail Premium – Trader Assisted Account:

- Aimed at retail investors seeking personalized assistance and guidance in their trading activities.

- Provides access to experienced sales traders who offer assistance and advice tailored to individual investment objectives.

- Suitable for investors who prefer a more hands-on approach to managing their portfolios with professional support.

Roshan Account:

- Specifically designed for non-resident Pakistanis (NRPs) under the Roshan Digital Account initiative.

- Facilitates equities trading for NRPs, enabling them to invest in Pakistan's financial markets conveniently from abroad.

- Offers a seamless and secure platform for NRPs to manage their investments in Pakistani equities.

Digital Account:

- Provides a digital platform for retail investors to trade equities conveniently.

- Offers easy access to FSL's trading platform through digital channels such as mobile apps and online portals.

- Ideal for individuals who prefer a self-directed approach to investing in equities, with access to research insights and trading tools.

Sahulat Account:

- Tailored for clients seeking a convenient and hassle-free trading experience.

- Offers simplified account opening and trading processes, making it accessible to a wide range of investors.

- Provides basic services and support for investors looking to start their journey in equities trading.

Additionally, FSL offers a Digital Account specifically for commodities trading, catering to investors interested in trading spot and future contracts offered by PMEX (Pakistan Mercantile Exchange). This account provides a digital platform for investors to trade commodities efficiently and securely.

How to Open an Account？

To open an account with FSL, please follow these steps:

Step 1	Visit the Fortune Securities Limited website.
Step 2	Navigate to the account opening section.
Step 3	Provide personal information:
	- Full name
	- Email address
	- Residential status (Resident or Non-Resident)
	- Type of ID (e.g., SNIC - Smart Card with Chip)
	- ID number (without hyphens)
	- ID issue date (DD/MM/YYYY)
	- Upload scanned copies of ID card front and back
	- Mobile number and indicate if its registered under your name
	- IBAN number and provide proof (e.g., picture of a cheque)
Step 4	Provide a reference indicating where you heard about Fortune Securities Limited.
Step 5	Complete the human verification process by typing the displayed letters and numbers.
Step 6	Review and accept the general terms and conditions as well as any house-specific terms and conditions.
Step 7	Submit your application.
Step 8	Await confirmation of your application, which may come via email or message.
Step 9	Upon approval, follow instructions for account activation.
Step 10	Optionally, sign in to your account if you already have one.

Trading Platforms

FSL (Financial Services Limited) offers Fortune Connect platform that caters to the diverse needs of investors in the equities and commodities markets. The platform is designed to provide a seamless and efficient trading experience, combining advanced technology with user-friendly interfaces.

Firstly, FSL's trading platform is accessible across multiple devices, including mobile phones, tablets, and desktop computers. This ensures that clients can trade conveniently from anywhere, whether they are on the go or at their desks. The platform is available for download from Google Play, Apple Store, and Windows, making it easily accessible to a wide range of users.

The platform's interface is intuitive and user-friendly, allowing clients to navigate through various features and tools with ease. It provides real-time market data, including stock prices, indices, and commodity prices, enabling clients to stay informed about market movements and make informed trading decisions.

Customer Service

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

Mon – Fri: 9:00 – 17:00 (Closed on Weekends)

Telephone: UAN +92 21 111 000 375 l Tel: 021-35309103 – 09

Fax: 021-35309154

Email:info@fortunesecurities.com

Address: 3rd Floor, Razi Tower, BC – 13, Block – 9, KDA Scheme # 5, Clifton, Karachi, Pakistan

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, and Linkedin.

FSL offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Conclusion

Fortune Securities Limited presents a mixed bag of strengths and weaknesses. On the positive side, it boasts a strong sales team with solid fundamental knowledge, extensive research coverage direct market access, robust customer support, and user-friendly trading platforms. However, it faces challenges such as being unregulated, limited availability of demo accounts, and restricted operating hours for customer support.

Frequently Asked Questions (FAQs)

Q 1:	Is FSL regulated by any financial authority？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	Does FSL offer demo accounts？
A 2:	No.

Q 3:	What platform does FSL offer？
A 3:	It offers Fortune Connect platform.

Q 4:	What services and products FSL provides？
A 4:	It provides equities and commodities trading and research services.

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.