FX.co ★ Fortune Securities - Broker rating, review and comments

About company

Fortune Securities Ltd was founded in 1994. Soon, it became one of the leading corporate members of the Karachi Stock Exchange. Fortune Securities is registered with the National Commodity Exchange Limited of Pakistan (NCEL). NCEL is in turn regulated by the Securities & Exchange Commission of Pakistan. Fortune Securities offers brokerage and advisory services to its retail and institutional clients. According to the company’s official website, the broker has a highly competent and experienced team of dedicated professionals equipped with superior knowledge of the capital market. Fortune Securities business is also supported by an equity research team that focuses on producing quality fundamental research without compromising on the ethics of research. Fortune Securities owns Fortune Islamic, a subsidiary that renders services to Islamic investors and entrepreneurs.

Trading conditions

• minimum deposit is 25,000 PKR (around $237.20)
• registration period takes about 4-6 working days, in rare cases, it can last up to two weeks
• broker provides educational training in the following areas: Islamic finance, project management, financial modeling, etc.
• bonus program
• few payment methods: wire transfers and cheques

Trading platform

There is a lack of information about the trading platforms provided by Fortune Securities both on the official website and on the Internet.

Support service

Clients can reach out to the Fortune Securities support service team via phone and email.

Traders’ reviews

There are practically no comments about Fortune Securities on the Web even though the company has been a leading member of the Karachi Stock Exchange for over 20 years. Those reviews we have been able to find are mostly mixed. Some traders point out a quick registration process and a rapid response from the customer support. Others complain about requotes and disruptions to trading platforms.

Advantages:

• regulated broker
• quick registration procedure for novice clients
• prompt and professional support service
• bonus program
• training

Disadvantages:

• official website lacks details about trading instruments and trading conditions as well as lacks information on trading platforms
• requotes
• few payment methods