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The WikiFX Score of this broker is reduced because of too many complaints!

FPG Fortune Prime Global

Australia|10-15 years|
Market Making(MM)|High potential risk|Offshore Regulated|

https://fortuneprime.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

22
Server Name
FortunePrimeGlobal-Demo MT4
Server Location United States

Contact

+61 02 8018 4648
support@fortuneprime.com
https://fortuneprime.com/
1276, Govant Building, Kumul Highway, Port Vila, Vanuatu
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+61 02 8018 4648

English

+44 20 8144 6588

Other ways of contact

Broker Information

More

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-15
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Vanuatu VFSC regulation with license number: 700507 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

FPG Fortune Prime Global · WikiFX Survey
Great A Visit to FPG in Australia - Office Found
Australia
EXPO

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FPG Fortune Prime Global · Company Summary

FPGReview Summary
Founded2011
Registered Country/RegionAustralia
RegulationASIC, VFSC
Market InstrumentsOver 100 intrsuments, covering forex pairs, commodities, stocks, cryptocurrencies, indices
Demo Account
LeverageUp to 1:500
SpreadLow
Trading PlatformMT4 Margin WebTrader
Min Deposit$100
Customer SupportPhone: +610280184648+442081446588
Email: support@fortuneprime.com
Physical Address: Suite 5, 18-20 Prospect St, Box Hill VIC 3128 AUSTRALIA.

FPG Information

Fortune Prime Global Limited (short for “FPG”), founded in 2011, is a brokerage registered in Australia. The trading instruments it provides cover Forex pairs, Commodities, Stocks, Cryptocurrencies, Indices and so on.

FPG Information

Pros and Cons

ProsCons
ASIC & VFSC regulatedLimited customer support options
Wide range of currency pairs and trading instrumentsHigh minimum deposit requirements
Low minimum deposit of $100Potential for price manipulation
Four types of trading accounts to choose fromLimited withdrawal options and delays
Generous leverage up to 1:500No Islamic trading account
Competitive spreads and low trading fees
MT4 trading platform and webtrader supported
Copy trading available
Demo account available

Is FPG Legit?

FPG operates through two entities, FORTUNE PRIME GLOBAL CAPITAL PTY LTD and FORTUNE PRIME LIMITED. FORTUNE PRIME GLOBAL CAPITAL PTY LTD is regulated by the Australian Securities and Investments Commission (ASIC).FORTUNE PRIME LIMITED is regulated by the Vanuatu Financial Services Commission (VFSC).

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
AustraliaASICFORTUNE PRIME GLOBAL CAPITAL PTY LTDMarket Making(MM)400364Regulated
VanuatuVFSCFORTUNE PRIME LIMITEDRetail Forex License700507Offoreshore Regulated
Is FPG Legit?
Is FPG Legit?

What Can I Trade on FPG?

FPG offers traders the opportunity to trade forex pairs, commodities, stocks, cryptocurrencies, indices.

Tradable InstrumentsSupported
Forex
Commodities
Stocks
Cryptocurrencies
Indices
Futures
Options

Account Types

FPG offers 2 different types of accounts to traders - PRO and ECN.

PROECN
Minimum Deposit$50$100
Minimum Trading Volume0.01 lot0.01 lot
Spreads from1.4 pips0.0 pips
Commission starts fromZero$3.5/lot per side
Leverage500:1500:1
Instruments200+200+
FX min spread1.40
Gold min spread1.90.6
Account Types

FPG Fees

FPG claims to offer low spreads.PRO account charges no commission,but it's spread starts with 1.4pips.ECN account charges $3.5 for every transaction,but it's spread is as low as 0.0pips.

Trading Platform

FPG's trading platform is MT4 Margin WebTrader, which supports traders on PC,Mac,iPhone and Android.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4 Margin WebTraderWeb, MobileBeginner
MT5
Trading Platform

Deposit and Withdrawal

The broker doesn't charge deposit fees or withdrawal fees. It supports six payment methods: Bank Wire, China Union Pay, Dragonpay, Help2Pay, Payment Asia and tether.

MethodAvailabilityCurrenciesMinimum DepositMaximum DepositDeposit Processing Timefees
Bank WireGlobal, except China MainlandUSD$100Depends on client's bank limit1 to 3 business days0
China Union PayChina MainlandCNY$50$10,000Instant0
DragonpayPhilippinesPHP$100$150,000Instant0
Help2PayGlobal, except EuropeIDR, MYR, THB, VND, PHP$50$150,000Instant0
Payment AsiaGlobalIDR, MYR, THB, VND$50$50,000Instant0
tetherGlobalUSDT$50$100,000Instant0
MethodAvailabilityCurrenciesMinimum WithdrawalMaximum WithdrawalWithdrawal Processing Timefees
Bank WireGlobal, except China MainlandUSD$50Depends on client's bank limit1 to 3 business days0
China Union PayChina MainlandCNY$50$10,0001 working day0
DragonpayPhilippinesPHP$50$150,0001 working day0
Help2PayGlobal, except EuropeIDR, MYR, THB, VND, PHP$50$150,0001 working day0
Payment AsiaGlobalIDR, MYR, THB, VND$50$50,0001 working day0
tetherGlobalUSDT$50$100,0001 working day0

Copy Trading

FPG's copytrading offers an opportunity to automatically follow good traders and monitor the markets.

Copy Trading

News

FPG Sponsors Quanzhou Summit, Empowering Attendees with Key Insights on Trading and Networking

NewsFPG Sponsors Quanzhou Summit, Empowering Attendees with Key Insights on Trading and Networking

2024-11-01 09:30

Last week, as the primary sponsor, FPG Fortune Prime Global partnered with FX Alliance to host the Quanzhou Trading Technology Summit. Under the theme “Inside Trading and Beyond,” the event attracted

WikiFX
2024-11-01 09:30
News
FPG Sponsors Quanzhou Summit, Empowering Attendees with Key Insights on Trading and Networking
Preparing for Market Volatility Ahead of the 2024 U.S. Election

NewsPreparing for Market Volatility Ahead of the 2024 U.S. Election

2024-10-30 13:37

With the 2024 U.S. election approaching, markets are bracing for increased volatility! Investors are closely watching how candidates policy differences might impact the U.S. dollar, stock markets, and

WikiFX
2024-10-30 13:37
News
Preparing for Market Volatility Ahead of the 2024 U.S. Election
FPG: Technical Analysis for Today, October 29, 2024

ReviewFPG: Technical Analysis for Today, October 29, 2024

2024-10-29 12:14

Limited Fluctuations in U.S. Stock Futures as Market Awaits Key Labor Market Data and Tech Giants EarningsOn Tuesday, U.S. stock futures showed limited movement as investors awaited key labor market d

WikiFX
2024-10-29 12:14
Review
FPG: Technical Analysis for Today, October 29, 2024
Tina Teng: FPG Fortune Prime Global's Newly Appointed Guest Market Analyst

NewsTina Teng: FPG Fortune Prime Global's Newly Appointed Guest Market Analyst

2024-10-15 06:59

We are thrilled to announce that Tina Teng, a highly respected figure in the finance industry, has joined FPG Fortune Prime Global as a Guest Market Analyst. Tina brings over a decade of experience, h

WikiFX
2024-10-15 06:59
News
Tina Teng: FPG Fortune Prime Global's Newly Appointed Guest Market Analyst

Review 29

29 Comments
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All(29) Latest Positive(16) Exposure(13)
Exposure
FPG Fortune Prime Global Refuses Withdrawals! Denies License!
After unilaterally negotiating with FPG Fortune Prime Global without any substantial response, I've decided to share my experience here. If you have similar experiences or are a CFD trader, please advise how to resolve this. Also, if you have similar disputes, send your information to a lawyer so we can seek legal aid together. As a legitimate investor, I invested $60,000 and, through hard work and careful strategy, my account profit reached $142,510. However, when I attempted to withdraw these hard-earned profits, FPG Fortune Prime Global not only failed to provide a reasonable explanation but also disabled my backend and trading account. They sent an email implying that my account was closed for investigation due to suspected market manipulation breaches of agreement. How could my $60k account manipulate a CFD platform licensed by an Australian market maker, especially with such liquid assets as gold in the US market? It seems they got it backward; realizing the platform was trying to default on paying out because they saw a client winning. My fears came true when instead of receiving my funds, I got an unclear email allowing me only to retrieve my principal. This has left me shocked, angry, and deeply skeptical of the platform's integrity. I spent countless days and nights analyzing market dynamics and meticulously planning trades to earn this profit. Yet, when I was on the verge of success, the platform disregarded my rights and treated my efforts frivolously. This is not how a professional financial platform should act! FPG Fortune Prime Global’s behavior is tantamount to depriving me of my legitimate earnings as an investor and could even be seen as deliberate deceit! As an international financial platform that claims to operate legally, FPG Fortune Prime Global should protect investors' interests instead of suppressing or even freezing accounts when investors profit. FPG Fortune Prime Global has reached new heights of shamelessness; for a platform that claims to be regulated and legitimate to not even recognize regulatory authorities?! They clean out the money and deny their own regulation? What exactly are they trying to hide?! So many investors trade on your platform trusting your promises; now that they profit, you adopt an attitude as if "regulation doesn't exist," thinking you can continue deceiving? This not only harms me personally but also threatens all clients who trust and trade on this platform. If FPG Fortune Prime Global cannot ensure basic fairness and transparency, how can other investors trust such a platform? I have already filed a complaint with AFCA; the process may be lengthy but considering everything I can only ask friends with similar experiences in this circle to join me; I have already engaged a professional lawyer specialized in such financial licenses.
交易员FX
09-24
Exposure
FPG Fortune Prime Global can't handle it; they won't allow withdrawals once you make a profit.
After unilaterally negotiating with FPG Fortune Prime Global without any substantive response, I decided to share my experience here. As a legitimate and compliant investor, I invested $60,000 and, through hard work and careful strategy, my account profits reached $142,510. However, when I tried to withdraw these hard-earned profits, FPG Fortune Prime Global not only failed to provide a reasonable explanation but directly disabled my backend and trading account. They then sent an email implying that my account was closed for investigation due to suspected market manipulation under their agreement. How could my $60,000 account manipulate a CFD platform licensed by an Australian market maker, especially with assets like gold which have good liquidity in the US market? This seemed entirely backward; it was clear the platform was trying to default on a winning client. My worst fears came true when instead of receiving my profits, I got a vague email allowing me only to withdraw my principal. This was shocking and infuriating, and it made me seriously doubt the platform's integrity. I spent countless days and nights analyzing market dynamics and meticulously planning trades to earn this profit. Yet, when I was on the threshold of success, the platform disregarded my rights and treated my efforts as trivial. This is not how a professional financial platform should operate! The actions of FPG Fortune Prime Global deprived me of my legitimate earnings as an investor and could even be seen as deliberate deception! As an international financial platform that claims to operate legally, FPG Fortune Prime Global should protect investors' interests instead of suppressing or even freezing accounts when investors profit. FPG Fortune Prime Global's shamelessness is boundless; as a platform that claims to be regular and legal, it even fails to acknowledge regulatory authorities! They take the money cleanly but do not admit their regulation—what exactly are they trying to hide? So many investors trade on their platform trusting their promises; now that they have profited, the platform acts as if "regulation does not exist." Do they really think they can continue deceiving people? This not only harms me personally but also poses a threat to all customers who trust and trade on this platform. If FPG Fortune Prime Global cannot even ensure basic fairness and transparency, how can other investors trust such a platform?
交易员FX
09-17
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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com