Summary:
- ECN broker without branches in Europe
- Leverage up to 1:500
- Interbank spreads starting from 0 pips
- MT4 and MT5 platforms
Pros:
- Authorized and regulated by ASIC (Australia)
- Minimum deposit of 50€ with the Standard account
- Micro lots and leverage up to 500x
- Dedicated Account Manager for every client
Cons:
- Limited educational resources for beginners
- No proprietary trading platform available
4.7
Online Broker Fortune Prime Global: who it is and how it works
Fortune Prime Global is a renowned non-European ECN broker that allows online trading with high leverage on CFDs. In this in-depth review, we will explore the platform’s features, strengths, and distinctive aspects.
Fortune Prime Global stands out for its wide range of available assets as well as for the licenses ensuring its reliability — particularly the one issued by the ASIC, the Australian Securities and Investment Commission.
Originating as a successful real estate agency (this is the website for more information), the company later transferred its expertise to the financial sector.
Moreover, the ECN broker nature ensures direct market access and fast order execution, with interbank spreads starting from 0 pips. We will further explore these and other features to provide a complete overview of Fortune Prime Global and our final opinions.
Is trading with FPG worth it? Here’s what we found out.
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| Country | Australia |
| Broker type | ECN |
| Leverage | Up to 1:500 |
| Minimum deposit | $50 |
| Forex | |
| Cryptocurrencies | |
| Indices | |
| Precious metals | |
| Commodities | |
| Stocks |
Start investing or try FPG’s demo account
Account types
Fortune Prime Global offers two types of trading accounts to its clients.
The first is the Standard Account, characterized by low entry barriers and minimal costs.
This account type features zero commissions and spreads starting from 0.2 pips (1.6 pips for Forex). The minimum deposit is $50.
The second is the ECN Account: it includes commissions of $3.50 per lot, both for buying and selling. The minimum required deposit is $200, and the minimum lot size is 0.01. Spreads start from 0.0 pips, and the maximum leverage allowed is 1:500.
More than 200 financial instruments are available, and deposits and withdrawals are free of charge.
Opening a Fortune Prime Global account, either in demo or live mode, is done online through the broker’s website. The account opening process is paperless, and you will need to provide a copy of a proof of identity and a proof of residence, such as a bank statement or a utility bill in your name.
» Deposits and withdrawals
There are several ways to fund your FPG account, including:
- Bank transfer
- Credit card
- eWallets: Skrill, Neteller
- Cryptocurrencies (USDT ERC-20, USDT TRC-20, BTC, and ETH)
The FPG account can be denominated in various currencies. Among the supported account currencies are EUR, USD, CNY, PHP, IDR, MYR, THB, VND, and USDT.
Withdrawals are processed using the same method as the deposit. If multiple deposit methods were used, the credit card will be the primary withdrawal method.
Funds are processed within 24 hours on business days after the request has been submitted through the Client Portal, but delays may occasionally occur. If the withdrawal request is made during the weekend, it will be processed on the following Monday.
» What is the minimum deposit with Fortune Prime Global?
The minimum deposit required by Fortune Prime Global depends on the client’s account type. The minimum deposit for a trading account is 50 USD (Standard account) and 200 USD (ECN account).
» Demo account
Fortune Prime Global offers a demo account with virtual funds. This allows you to test the trading platform and execute trades using virtual money. It enables you to assess the quality of the broker’s services before deciding whether to open a real account.
Products and Markets
Fortune Prime Global stands out for its broad and diversified offering, which includes many assets, all tradable via CFDs. Here’s an overview of the available options:
- Forex: Fortune Prime Global allows trading on over 60 currency pairs, from the most liquid to the most exotic ones.
- Precious metals: the broker enables trading in gold and silver.
- Commodities: Fortune Prime Global offers trading in commodities such as crude oil and gas, as well as agricultural products like cotton, coffee, sugar, orange juice, and cocoa.
- Cryptocurrencies: the broker allows trading in several cryptocurrencies, including Bitcoin, Ethereum, Polkadot, ChainLink, Ripple, and Stellar. There’s no need to connect an external wallet, providing a convenient trading experience.
- Indices: the index offering meets the expectations of traders of all levels. Available indices include AUS200, DE40, F40, UK100, US500, and many others.
The wide selection of available assets allows traders to diversify their investment strategies and take advantage of opportunities across different markets.
» Leverage
Leverage with FPG (on Forex, Commodities, and Indices) is a tool that allows traders to amplify the potential return of their trades.
With a maximum leverage of 1:500, traders can take positions with a volume much greater than their account balance. This means that even with a small deposit, it is possible to access higher trading volumes.
However, it should be noted that leverage amplifies not only potential profits but also losses. Therefore, it is important to use leverage carefully and apply proper risk management strategies to protect your capital.
Fees and Costs
Another strength of Fortune Prime Global lies in its favorable trading conditions, which allow traders to operate with confidence, without worrying about high commissions or spreads that could erode their profits.
The minimum deposit is only 50 dollars. This choice reflects the broker’s intention to be an accessible platform for everyone. The same applies to the minimum lot size of 0.01, which allows for small trades and a cautious approach when needed.
As for spreads, they are generally very low and equal to interbank levels, consistent with the broker’s ECN nature. In some cases, spreads are even zero, such as in the trading of certain currency pairs.
These competitive trading conditions offered by Fortune Prime Global enable traders to manage their investments flexibly, giving them the freedom to adapt to different market situations and optimize potential profits.
Regarding account-related costs, account opening, maintenance, and closure are free of charge. There are no inactivity fees, and deposits and withdrawals are processed without any fees charged by the broker.
Fortune Prime Global therefore proves to be a highly cost-effective broker in terms of commissions and account fees.
Trading Platform
Fortune Prime Global provides its clients with a solid trading platform: MetaTrader. It is available in both MT4 and MT5 versions. This software has long been the preferred choice of millions of traders around the world. It offers a perfect balance between ease of use and in-depth analysis. The interface is intuitive and functional, delivering a potentially highly profitable trading experience.
It is important to note that despite the arrival of MetaTrader 5, the MT4 software remains a valid solution. There are still traders who would not replace it with any other platform. MT4 is known for its ease of use compared to the newer MT5 version and offers a wide range of trading tools.
The availability of MetaTrader 4 and MetaTrader 5 on Fortune Prime Global ensures a familiar and reliable environment for trading operations. Thanks to their features and the numerous available resources, these platforms provide users with all the tools needed to analyze markets, execute orders, and monitor their positions effectively.
Security
Fortune Prime Global is a well-known Australian broker holding multiple licenses, including one issued by the ASIC (Australian Securities and Investment Commission) under license number 400364. Its history is quite interesting: originally established as a real estate agency, it gained nationwide recognition by completing numerous transactions and handling around 8.6 billion Australian dollars.
Later on, the company applied all its expertise and knowledge to the field of online trading. Today, it is a well-established broker with a strong identity that sets it apart from the mass of brokers offering more or less approximate trading services.
By working with regulatory authorities such as ASIC, the Vanuatu Financial Services Commission (license no. 700507), and the Financial Services Authority (license no. 1753LLC2022), Fortune Prime Global ensures that client operations comply with the law and that their funds remain protected.
From a technical standpoint, Fortune Prime Global is an ECN broker (Electronic Communication Network). This means the broker provides direct market access, preventing price manipulation typical of Market Makers.
Its structure also guarantees near-instant order execution, an essential detail especially for those engaged in day trading and scalping.
To ensure the safety of client funds, Fortune Prime Global adopts strict security measures. Client funds are kept segregated in trusted financial institutions, providing an additional layer of protection. Moreover, the broker is committed to transparency, clearly outlining its policies, including risk management and regulatory compliance.
In summary, Fortune Prime Global has evolved from a successful real estate agency into a reliable online broker offering advanced trading services. Its dedication to customer support, ECN trading model, efficient order execution, and robust trading platform all contribute to its reputation as a trusted choice for traders seeking a safe and rewarding trading experience.
Customer Service
Fortune Prime Global stands out for its excellent customer service, offering high-quality support available 24 hours a day, 5 days a week. Each client has access to a dedicated account manager, highly qualified and easily reachable. This level of assistance is rare in the industry and demonstrates the broker’s commitment to supporting users throughout their investment journey.
Whether it’s answering questions, providing clarifications, or resolving issues, the Fortune Prime Global support team strives to ensure smooth communication and a satisfying customer experience.
Support is provided through live chat, phone, and email channels.
Final Verdict
In conclusion, Fortune Prime Global has proven to be a trustworthy and reliable broker in the online trading industry. Its multiple regulated licenses, especially that of the ASIC, provide traders with a sense of safety and transparency.
The wide range of available assets, including cryptocurrencies, forex, indices, and commodities, allows clients to diversify their investment strategies. Moreover, Fortune Prime Global’s customer service stands out for its quality and attention, thanks to the assignment of a dedicated Italian account manager for each user.
The use of the renowned MetaTrader 4 and MetaTrader 5 trading platforms provides a user-friendly and potentially profitable experience.
One downside of FPG is the lack of a website translated into Italian (the site is available only in English).
Overall, Fortune Prime Global proves to be a solid choice for those looking for a reliable broker offering high leverage, a broad range of assets, and top-quality customer service.
Our opinion of Fortune Prime Global is therefore positive; we recommend using the platform while keeping in mind that leverage amplifies risks and should only be used by experienced traders.
What’s the next step now?
Register for free on FPG and start trading with leverage up to 1:500
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