Fortune Prime Global is a Forex brokerage company that claims to have over 10,000 active traders from 30 countries around the world and strives to provide its services at the highest level. Fortune Prime Global offers over 200 trading instruments including currency pairs, indices, commodities, stocks, and cryptocurrencies through the MetaTrader 4 (MT4) trading platform. The fortuneprime.com website is owned and operated by Fortune Prime Global Limited, which is incorporated in Marshall Islands under number 73515. This means that this brokerage is not regulated, and you should work with them with caution. Also, not a single legal document, including the customer agreement, is provided on the page. All of this adds up to increased risks to your funds, despite the company claiming to be an ECN broker and providing deep liquidity.
The company claims that there are over 200 assets for trading, including over 60 currency pairs and cryptocurrencies. Leverage can be up to 1:500 and the initial deposit is as low as 50 USD. This would probably attract clients with capital constraints, but the high leverage also increases the risk of serious losses. Fortune Prime Global warns on its page that you may lose substantially more than your initial investment, so you may end up owing funds to this brokerage company.
There are 4 types of accounts available, Standard, Prime, ECN and Cent (only available for some customers). The main differences between them are the size of the initial deposit, the spread of the instruments and the commissions. For a Standard account, the minimum deposit is USD 50, spreads start at 0.2 pips and no commission is charged. With an ECN account, the minimum deposit is USD 200, spreads are close to zero, but the company charges a commission of USD 7 per lot traded. The Prime account requires an initial deposit of USD 100, trades are commission-free, and spreads start at 0.1 pips.
Fortune Prime Global offers online trading through the well-known MetaTrader 4 (MT4) platform. The MT4 terminal was created many years ago and is still one of the best choices for any type of trader. MT4 also allows traders to trade on the go via a mobile app, however, it is not available for iOS devices due to Apple policy changes. Android and Windows users can use it without any problem. The brokerage company claims to allow the use of expert advisors.
There are several ways to deposit funds into customers’ accounts, including Bank Wire, China Union Pay, Credit Card, Crypto (USDT ERC-20, USDT TRC-20, BTC, and ETH), Dragonpay, Fasapay, Neteller, Paytrust, Perfect Money, Poli, Skrill, etc. Withdrawals are returned using the same method used for deposit and funds cannot be transferred to another payment method. If multiple deposit methods are used, the company will issue a refund to a credit/debit card first and then another type may be used.