Fortune Prime Global (FPG) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $40
- MetaTrader4
- MetaTrader5
- ASIC
- VFSC
- 2019
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $40
- MetaTrader4
- MetaTrader5
- ASIC
- VFSC
- 2019
Our Evaluation of Fortune Prime Global (FPG)
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Fortune Prime Global (FPG) is a high-risk broker with the TU Overall Score of 2.81 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Fortune Prime Global (FPG) clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Fortune Prime Global (FPG) ranks 330 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Fortune Prime Global has a strong position at the top of its segment. This broker has several account types, including Cent, which can be considered conditionally educational. Spreads are tight, and the fee, which is twice as low as that of most of its competitors, is only charged to the ECN account. This broker doesn’t charge withdrawal fees. Traders are not limited in trading styles and methods, and they can use expert advisors. They have access to many different assets, and useful indicators are offered for MT4. The website provides a lot of analytics that facilitate trading. Passive income options are a particular advantage, though not unique. Unfortunately, there are regional restrictions, and some popular deposit and withdrawal methods are not available. Another disadvantage is that technical support does not work on weekends.
Brief Look at Fortune Prime Global (FPG)
Fortune Prime Global offers trading 200+ assets, including currency pairs and CFDs on stocks, indices, commodities, precious metals, and cryptocurrencies. There is no demo account, but a cent account is available. Also, there are three additional account types, namely Standard, Prime, and ECN. Spreads start from 0 pips, and a $3.5 fee per full lot is charged only on the ECN account. The minimum deposit for the cent account is $40. The maximum leverage is 1:500. Several deposit and withdrawal options, including crypto wallets, are available. This broker does not charge transaction fees. Traders use MetaTrader 4 (MT4) with proprietary indicators offered by this broker. Moreover, there are passive income options such as copy trading, joint accounts, and partnership programs for individuals and legal entities. There is no training, but there is a lot of analytics. Technical support works 24/5.
- Traders can open the cent account to explore this broker’s possibilities and improve their strategies without the risk of large financial losses;
- Minimum deposit is $40, registration takes only a few minutes, verification is standard, and this broker's portal is intuitive;
- Several account types provide for individualized conditions, while the adaptability of MT4 ensures comfortable trading for all users;
- Traders can work with over 200 assets from 5 different groups, which is more than enough for successful risk diversification and implementation of almost any strategy;
- Proprietary copy trading service and MAM and PAMM accounts are excellent passive income options with reduced risk;
- This broker provides trading indicators and signals, analytical articles, and expert forecasts;
- Technical support is available 24/5 via a multi-channel call center, email, and live chat on the website and in the user account.
- The cent account is currently offered only to clients from Southeast Asia;
- Traders can work only through MT4 and WebTrader;
- This broker offers many deposit and withdrawal options, but none of them are typical for the European and American regions. For example, there are no PayPal, Perfect Money, or Visa and Mastercard.
TU Expert Advice
Financial expert and analyst at Traders Union
Fortune Prime Global is a trademark of Fortune Prime Ltd. This company is registered in Sydney and Vanuatu, and is licensed by the Vanuatu Financial Services Commission (VFSC) and The Australian Securities and Investments Commission (ASIC). The licenses are valid. For the entire period of this broker's work, there have been no confirmed facts of non-fulfillment of its obligations to its clients.
The site offers generally standard trading conditions, although in some aspects it clearly outperforms its competitors. Fortune Prime Global does not have a demo account, but there is the cent account, where traders execute trades in cents, not dollars. This is also a good opportunity to explore the site and practice, but you will have to deposit at least $40.
Spreads on main accounts start from 0, 0.1, or 0.2 pips, which are very low values. Moreover, this broker does not charge fees for trading on Standard and Prime accounts. Whereas on the ECN account, the fee is $3.5 per full lot. Such an indicator is quite rare, as usually the fee is $7. It is also important that Fortune Prime Global does not charge any withdrawal fees, regardless of the channel chosen by a trader.
Available deposit and withdrawal methods are bank transfers, crypto wallets, UnionPay, and several other systems. Unfortunately, there is no support for bank cards and typical options like PayPal, Wire, Skrill, or Neteller, which are offered by most brokers. Also, regional restrictions should be attributed to the disadvantages, however, all brokers have them. That technical support does not work on weekends is not a critical minus.
Finally, there is the copy trading platform developed by this broker. Also, traders can work with joint accounts, acting as managers or investors. Plus, there are three types of partnerships for socially active users and corporate clients. Therefore, Fortune Prime Global can be recommended for review.
Fortune Prime Global (FPG) Summary
| 💻 Trading platform: | МetaТrader 4 and WebTrader |
|---|---|
| 📊 Accounts: | Cent, Standard, Prime, and ECN |
| 💰 Account currency: | USD and EUR |
| 💵 Replenishment / Withdrawal: | Bank transfers, China Union Pay, Dragonpay, Help2Pay, Payment Asia, and crypto wallets |
| 🚀 Minimum deposit: | $40 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, commodities, precious metals, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: |
Cent account instead of a demo account; Three live account types; Low entry threshold; Tight spreads; Many different assets; MT4 is only available (this broker provides proprietary indicators); Many analytics; Several passive income options. |
| 🎁 Contests and bonuses: | Yes |
As a rule, if a broker offers several live account types, conditions for them, including a minimum deposit, are different. This is also true for Fortune Prime Global, but in general, the entry threshold is low regardless of the account type. To open a cent account, a deposit of at least $40 is required. For Standard, the minimum is $50, for Prime it is $100, and for ECN it is $200. Note that most top brokers have a minimum deposit of $1,000-$5,000 on the ECN account. Trading leverage is the same on all accounts and ranges from 1:1 to 1:500, subject to the asset. That is, a trader can work without leverage at all. Its maximum is for currency pairs. This broker’s technical support works 24/5, meaning it does not work on weekends. It is available via live chat, email, and phone.
Fortune Prime Global (FPG) Key Parameters Evaluation
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Trading Account Opening
To start working with this broker, register on its official website. Next, verify, open a live account, deposit funds, and download the appropriate version of MT4. TU experts have compiled a detailed guide on the registration of a user account and describes its features.
Go to this broker's website. Select the interface language in the upper right corner and click the “Register” button.
Click the “Apply account now” button or enter your registration data if you already have a user account.
Select the personal or corporate account type. Indicate your country of residence and enter your first and last names, phone number, and email. Click the “Get Captcha” button to receive a verification code to the specified email address. Click the “Next” button.
Indicate your date of birth, gender, type of document proving your identity, and its number. Select your address and complete it with more precise information and a postcode. Enter your profile name in the social network from the list. Upload scans/photos of your ID document for verification. Click the “Next” button.
Choose your status, trading platform, base currency, required leverage, and the account type. Provide some financial information about yourself and click the “Next” button.
Read this broker’s regulatory documents. Agree with each of them by ticking the boxes and click the “Next” button.
An email will be sent to the specified address confirming your application for the user account registration. Within a couple of days, you will receive another email on registration approval. After that, you can use your email address and the password sent to you to enter your user account. Fund your account, download the trading platform, and start trading.
Main features of the user account allow you to:
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Open and close live/demo accounts and get statistics on them;
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View deposits, withdrawals, internal transfers, and transaction history;
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Review reports on trading activity and current and closed accounts;
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Adjust security settings and correcting personal data if necessary.
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Register in the copy trading service and open MAM and PAMM accounts;
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Download your preferred version of MT4 and install it on your device;
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Contact technical support, including live chat.
Regulation and safety
All legitimate brokerages must be officially registered to conduct brokerage activities. Regulation is also extremely important and is the monitoring of the broker's work by an authorized agency. The regulator's license indicates that the site operates transparently and fulfills its obligations to its clients. Fortune Prime Ltd, which owns the Fortune Prime Global trademark, is registered in Australia and Vanuatu and is regulated by ASIC and VFSC. Thus, potentially, the user funds and personal data are not exposed to any risks, and traders can be sure that this broker really works in accordance with the stated regulations.
Advantages
- This broker is officially registered in 2 countries
- Fortune Prime Global is regulated by ASIC and VFSC
Disadvantages
- Non-residents of Australia and Vanuatu are not protected by regional authorities
- Traders can apply for assistance only to ASIC and VFSC
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cent | $2 | No |
| Standard | $2 | No |
| Prime | $1 | No |
| ECN | $0 | No |
Many brokers have withdrawal fees, which are sometimes charged only when using certain withdrawal channels, and sometimes there are limits on the number of free withdrawals. Usually, the fee is 1-2% or more of the withdrawal amount, but there can also be fixed fees, for example, $10 per transaction. Fortune Prime Global doesn’t charge withdrawal fees from its clients. Users pay nothing for withdrawing profits to external accounts and wallets. Of course, this makes this broker’s conditions even more comfortable. Below is a comparative table, compiled by TU experts, that shows this broker’s fees and those of two of its competitors in the segment.
| Broker | Average commission | Level |
|---|---|---|
|
$1.25 | |
|
$1 | |
|
$8.5 |
Account types
As a rule, the choice of account type is of great importance. Fortune Prime Global has four account types. The universal option is Standard, which has rather tight spreads and no fee. On Prime, spreads are slightly lower, and there is also no fee. There is a $3.5 fee per lot for trading on ECN, but this is the only account where a raw spread from 0 pips is applied. There is also the cent account, but it is not used for full-fledged trading. Traders need to pay attention to the minimum deposit. Fortune Prime Global has an objectively low entry threshold, however, for many users there is a difference between depositing $50 or $200. There are no difficulties with choosing a trading platform, since this broker only works with MetaTrader 4. In general, when choosing the account type, traders are guided by personal trading preferences and trading strategies.
Account types:
As a rule, having decided to explore a broker, traders open a demo account. Fortune Prime Global has the cent account for this, where bets are made in cents, not dollars, so even with a series of unsuccessful trades, traders do not take big risks. After users have studied this broker, they open Standard, Prime, or ECN accounts and start executing full-fledged trades.
Deposit and Withdrawal
When traders work on live accounts, they make profits subject to successful trades;
Traders can at any time withdraw their profits in full or partially by submitting withdrawal requests in their user accounts;
Available withdrawal methods are bank transfers, Union Pay, Dragonpay, Help2Pay, Payment Asia, and crypto wallets;
This broker doesn’t charge any withdrawal fees regardless of the chosen payment method;
Other parties involved in the withdrawal process, such as banks, electronic payment systems, or crypto wallets, may charge their own fees.
Investment Options
Many brokers offer alternative ways to make money. But they hardly ever come to the fore, because traders come to trade independently. Therefore, it is always more important to provide users with comfortable manual trading conditions. However, if a broker offers cryptocurrency staking or buying dividend stocks, some clients will definitely appreciate it. To date, the traditional methods of generating additional income are copy trading and joint accounts. They are provided by many top companies. Partnership programs are also very popular. Fortune Prime Global offers all of the above options.
Copy trading
All copy trading services work according to the same algorithm and differ only in fees. Traders can register as signal providers or investors. Signal providers trade as usual and broadcast their trades to interested users, who look at the provider rating, evaluate their win rates and other parameters, and choose the best provider. When users connect to providers, they become their investors. The provider's trades are automatically copied to investor accounts, but with restrictions set by them. For example, investors can limit the bet to $200 when providers bet $500 or $1,000. If the trade is successful, everyone makes a profit based on their bets. Providers also charge a small fee from investors. If the trade is unsuccessful, everyone loses their bets, including providers. Note that providers do not have access to investor accounts! The advantage of copy trading is that traders earn 100% passively and get a unique experience.
Joint accounts
For investors, joint MAM and PAMM accounts are similar to copy trading. But there are differences, and they are conceptual. The joint account consists of the main account, which belongs to a manager, and sub-accounts, which belong to investors. Managers have full control over their accounts and partial control over investor accounts. Managers use the combined capital when executing trades, that is, they add investor funds to their own. Investors can set trading limits on their bids. If the trade executed by the manager is successful, the profit is distributed between the manager's account and investor sub-accounts according to their proportional contributions. Managers also charge their investors a fee for their services. The difference from copy trading is that investors receive less information about managers’ actions and managers, in turn, work with investor accounts, and not just broadcast their trades.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs
Fortune Prime Global offers three partnership programs, which are Introducing Broker, Regional Manager, and Affiliate. The Introducing Broker receives fees for attracting new clients with payments up to 60% of their spreads. As part of the Regional Manager program, this broker provides ready-to-integrate market mechanisms and marketing solutions that provide for quickly organizing a trading platform and making a profit. Finally, the Affiliate (this broker’s partner) invites new users to the platform and receives payments for them. Payouts can be up to $1,000. This broker offers intuitive management, detailed analytics, and transparent reporting. Partnerships differ from copy trading and MAM and PAMM accounts in that they are active income options.
Customer support
Technical support is a crucial component for any broker, because traders constantly face problems that they cannot solve on their own. Or there can be questions that require immediate answers. To find answers to their questions, traders contact client services and expect a quick and competent response. If technical support is unavailable, takes too much time to respond, or cannot solve the problem, the broker’s client will inevitably be disappointed in it and go to a competitor. Fortune Prime Global offers up-to-date expert assistance, which can be contacted 24/5. That is, if you leave a request on Saturday or Sunday, it will be responded to on Monday.
Advantages
- Non-clients of this broker can contact support
- Multiple communication channels are available
- Managers work round the clock on weekdays
Disadvantages
- Support is not available on weekends
Whether you are this broker’s client or just intend to become one, contact technical support with trade-related questions. The following methods are currently available:
call center;
email;
live chat on the website and in the user account.
You can also contact this broker in WhatsApp and Telegram. To do this, install the relevant software on your device and add this broker to your contact list. Use the +61405822031 number, the account name is FPG_01.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address |
Suite 407, 55 Miller St, Pyrmont NSW 2009 Australia 1276, Government Building, Kumul Highway, Port Vila, Vanuatu |
| Regulation | ASIC, VFSC |
| Official site | https://fortuneprimeglobal.com/ |
| Contacts |
+61 2 8006 4855
|
Education
Some brokers offer their clients full-fledged training courses, while others are limited to FAQs, trader's glossary, and a few articles. Fortune Prime Global has minimal training. This broker believes that if traders decide to trade, they know at least the basics of working with financial markets. However, there are many different types of analytics on the website, plus experts provide their own indicators for MetaTrader 4, which can greatly facilitate forecasting and help in determining the optimal entry point into a trade.
In the “Learn” section of the website, there are three articles and a list of indicators with a brief description of each. Articles are thematic, which reveal different aspects of working with the markets. These are by no means intensive educational courses, and novice traders may not gain substantial useful information. But mid-level users and experienced traders will definitely find practical knowledge for improved trading.
Comparison of Fortune Prime Global (FPG) with other Brokers
| Fortune Prime Global (FPG) | RoboForex | Pocket Option | Exness | TeleTrade | Libertex | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | Libertex, MT5, MT4 |
| Min deposit | $40 | $10 | $5 | $10 | $1 | 100 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:30 for retail clients |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 0.1 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 50% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Fortune Prime Global (FPG)
This broker has been on the market for a long time. It uses an advanced technological stack, it operates smoothly, and order execution does not exceed 30 ms, which meets modern standards. Its proprietary copy trading service is distinguished by maximum convenience for signal providers and investors. Client funds are held separately from this broker’s operating capital and the internet connection is protected by the SSL protocol, which guarantees the safety of client funds and data. Microservice architecture and virtual servers are used. This results in the high performance and reliability of the system. This broker uses advanced CRM (Client Relationship Management) to work with its clients, which ensures the quick response of managers and prompt search for the most optimal solution.
Fortune Prime Global by the numbers:
Minimum deposit is $40;
Minimum spread (on the ECN account) is 0 pips;
Maximum leverage is 1:500;
200+ trading instruments;
6 deposit/withdrawal options.
Fortune Prime Global is a universal broker with transparent and comfortable working conditions
Working with Fortune Prime Global is comfortable for many reasons. First, it is an opportunity to practice on the cent account without the risk of large financial losses. Second, there are several account types with different conditions, but the minimum deposit is acceptable on each of them and spreads are low. Third, Fortune Prime Global offers many assets from different groups. This provides for successful diversification of risks by adding various trading instruments to your investment portfolio. Moreover, the vast pool of assets does not limit traders, thus they can use numerous strategies and methods. There are also the flexibility and comfort of working with this broker. Traders have the opportunity to scalp, hedge, trade news, and use advisors. Finally, MetaTrader 4 is a top-end trading platform, which is perfectly customizable due to free plug-ins.
Useful services offered by Fortune Prime Global:
Copy trading. This service allows traders to register as signal providers or investors. Providers earn on fees, while investors receive passive income and practical experience;
MAM and PAMM accounts. Professional joint account managers can make good money on fees they charge from investors. Investors, in their turn, do not trade on their own, but do earn income;
Indicators for MT4. This broker offers its own indicators, which are integrated into MetaTrader 4. There are several types of free indicators, which are aimed at current analytics and forecasting.
Advantages:
This broker offers a cent account that provides for discovering the site and training; plus, three more account types with favorable conditions, including small initial deposit and tight spreads;
Traders work on the multifunctional MT4. This is the most demanded solution, which allows you to work with all asset types and use extensions for automated trading;
This broker's clients can deposit and withdraw funds in different ways. This company does not set any limits and does not charge any fees;
Copy trading and MAM and PAMM accounts are traditional methods of passive income. They are easy to learn and time-proven. The implementation of services does not raise any questions and complaints;
The stability and transparency of this broker ensures comfortable working conditions. Order execution is up to 30 ms, all fees are known in advance, and the website interface is intuitive.
User Satisfaction