Fortune Prime Global Review – Regulated But Not 100% Reliable?

Important to note is that this trading brand is operated by two entities. One is Fortune Prime Limited from Vanuatu, which is stated to trade as FPG Fortune Prime Global. The other one is Fortune Prime Global Capital Pty Ltd, based in Australia.

In addition to all these confusing details, the company’s physical address is in Saint Vincent and the Grenadines. Now remains a question: how reliable are they? Let’s find out together in this Fortune Prime Global review.

Regulated By:	ASIC, VFSC
Is This Company Safe?	Potential issues possible
Known Websites:
Have Warnings From:	N/A
Registered In:	Vanuatu, Australia, Saint Vincent and Grenadines
Operating Since:	2021
Trading Platforms:	MT4
Maximum Leverage:	1:500
Minimum Deposit:	$100
Deposit Bonus:	Not available
Trading Assets:	Cryptos, forex, indices, shares, commodities
Free Demo Account:	Available
How To  Withdraw From This Company?	Regularly withdrawing funds might cause you some issues according to some user reviews. If that happens, feel free to contact our refund specialists for consultation about solutions.

Legal Info: Is Fortune Prime Global Legit?

In general, Fortune Prime Global should be one of the best out there, considering their regulations. The key regulation is coming from the Australian ASIC.  Thus, the problem with ASIC registers is that they don’t provide a link to the website that is holding that license.

Another license this company possesses is far less popular and trusted, coming from VFSC. Many traders trading with other brokers with this license didn’t have such good experience. Nevertheless, with this brokerage, you should relax and enjoy your trading with maximum security. Or maybe not?

Who Are Fortune Prime Global’s Clients?

As can be seen from Fortune Prime Global reviews, their clients come from all over the world. Yet, only Australians can enjoy maximum protection primarily because their ASIC license is obtained only to provide services to them. All other countries can only enjoy the privileges of offshore regulation. 

Anyway, the company’s clients mostly come from: 

• Italy
• Australia
• United Kingdom
• United States
• Netherlands

For instance, having an ASIC license is not enough to trade with UK or US traders. That’s why traders can expect potential issues with Fortune Prime Global broker. If that happens, feel free to contact our refund specialists for advice.

Traders Reviews

In general, FPG Forex broker has quite positive reviews on Trustpilot. There are 41 comments, and only 15% are negative ones. However, those might reveal some issues nobody likes. According to some, this firm has been requiring traders to pay upfront taxes before making withdrawals.

Unfortunately, that’s something we have seen very often as a trick with unregulated brokers. If you can’t withdraw the funds after that, reach out to us.

Leverage, Commissions, Spreads, Fees and Taxes

Another thing where Fortune Prime Global regulation plays a key role is leverage. The problem is that the maximum leverage allowed by ASIC is 1:30. However, this brokerage offers up to 1:500 with their offshore entity. That sounds like a problem.

Nevertheless, the company’s spreads, starting from 0 pips and commissions of $7 per lot per round turn, are in the industry average. Still, those Fortune Prime Global complaints about taxes may ring some bells.

Bonuses

On the positive side, with this brokerage, there are no bonuses. At least they are not mentioned anywhere transparently. So, we can relax about it and forget about manipulations.

Fortune Prime Global Trading Features

Besides highly dangerous Fortune Prime Global leverage, there are not many flaws. The company offers a highly trusted platform and offers a wide range of advanced features. But it also allows traders to use EAs, scalping, and hedging.

Trading Platforms Available

As mentioned, the company’s features are available for one reason – a Fortune Prime Global MT4 platform is offered. Whether you prefer trading on the go or by your desktop setup, you have it all covered.

As a leader in the industry, MT4 has become quite popular among traders and represents trustworthiness in a way. Generally, all brokers with trusted licenses using this platform shouldn’t be doubted. But to see what you should avoid, read our SwizzPro review.

Available Trading Assets

Another thing that might attract traders to deposit with this broker is the wide range of instruments available. With more than 100 assets divided into five categories, there are plenty of options for everyone. Some of those are: 

• Forex – USD/EUR, AUD/NZD
• Cryptos – BNB, DOT
• Commodities – gold, crude oil
• Shares – Amazon, IBM
• Indices – ASX200, FTSE100

Account Types

Generally speaking, the company’s account types are quite straightforward. Pretty much all features are the same except for spreads and commissions. 

For instance, the Standard account requires a $100 minimum deposit, has 0% commission, and includes a starting spread from 1.3 pips. At the same time, the ECN account requires a $200 minimum deposit, has $3.5/lot per side commission, and has a starting spread from 0 pips.

Mobile Trading App

Important to note is that all the advanced features the company offers can be used on the Fortune Prime Global app provided by MT4.

That’s a huge relief, knowing that trading on Webtrader through the browser is often a nightmare. In any case, to understand better why trusted platforms are important, read our Lionetix review.

Demo Account

Another huge advantage of this brokerage is that opening their Webtrader gives you direct access to a demo account. It includes $100k virtual funds you can play around with without a Fortune Prime Global login. Isn’t that amazing? 

But how do they have then those negative reviews? It will remain a mystery.

Education

Considering all the features presented so far, we are a bit disappointed with the educational program.  The company only provides articles about strategies and indicators, economic news, and technical analysis. Unfortunately, one-on-one sessions and webinars are not part of the deal.

Fortune Prime Global Withdrawal

What is surprising about this broker is that card payments are unavailable for funding. Unfortunately, not even for Fortune Prime Global withdrawals. Instead, you can use wire transfers, a wide range of e-payments (China Union Pay, Dragonpay, Help2Pay, Payment Asia), and cryptos.

Fairly, not the most convenient method. Nevertheless, processing time is quite quick. All withdrawals are processed within one business day, except for wire transfers that take up to 3 days. Apparently, all withdrawal methods include $0 fees.

Customer Support

When it comes to contacting the broker, some traders reported slight issues with it. But keep in mind that the company operates between 5 PM EST on Sunday and 4 PM EST on Friday. Contact options available are phone, e-mail, WhatsApp, Telegram and WeChat.

Key Information To Consider About Fortune Prime Global

As can be seen, the company has everything one trader needs. Licenses, trusted software, transparent conditions, and good support. Yet, the company’s reviews are not so promising. And when you add to that payment methods that don’t involve card transfers, it becomes a bit more risky. Especially with the leverage of 1:500, which is not according to the EU or US regulations.

All in all, there could be potential issues along the way. We know that trusting the broker is the hardest thing to do. But if you don’t for some reason, feel free to contact us for consultation. Sometimes, it’s hard to see everything with one pair of eyes. Most importantly, our first consultation is completely free. Book yours already today!

FAQ Section

What is Fortune Prime Global?

Fortune Prime Global is a trading brand operating from Vanuatu and Australia, and a physical office in Saint Vincent and Grenadines since 2021.

Is Fortune Prime Global Legit?

Indeed, yes. The company is equipped with a highly trusted ASIC license for Australian traders. Others will have to rely on less popular VFSC licenses.

How to Get Money Back From a Regulated Broker?

Regular withdrawal is the logical option. But if some irregularities happen, we suggest you talk to our refund specialists for advice.