Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Fortune

India | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.fortunewmc.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

India 2.92
Surpassed 15.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+91 422-4334333
info@fortunewmc.com
http://www.fortunewmc.com/
1056, Avinashi Road, Coimbatore 641018

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
India
Operating Period
5-10 years
Company Name
Fortune Wealth Management Company India Pvt Ltd
Customer Service Email Address
info@fortunewmc.com
Contact Number
+914224334333
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment

Users who viewed Fortune also viewed..

FBS

8.79
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
FBS
FBS
Score
8.79
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

STARTRADER

8.57
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.57
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Vantage

8.66
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Vantage
Vantage
Score
8.66
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

FXCM

9.34
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
FXCM
FXCM
Score
9.34
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Website

fortunewmc.com
123.108.61.115
Server Location
India
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Genealogy

vip VIP is not activated.
Please visit the WikiFX App to be our VIP.
Open Now

Relevant Enterprises

FORTUNE WEALTH MANAGEMENT COMPANY INDIA PRIVATE LIMITED(India)
Active
India
Registration No. U06599TZ2003PTC010836
Established 2019-01-03
Related sources Website Announcement

Company Summary

Fortune Wealth Review Summary
Founded2006
Registered Country/RegionIndia
RegulationNo regulation
Market InstrumentsEquities, derivatives
Demo Account
Trading PlatformNSE Mobile App, NOW (NSE's online trading platform)
Minimum Deposit/
Customer SupportContact form
Tel: +91-422-4334333
Email: pms@fortunewmc.com, info@fortunewmc.com
Social media: Facebook, Instagram, Twitter

Fortune Wealth Information

Fortune Wealth is an unregulated broker, offering trading on equities and derivatives on NSE Mobile App and NOW (NSEs online trading platform) trading platform.

Fortune Wealth Information

Pros and Cons

Pros Cons
Long operation timeNo regulation
Various contact channelsNo demo accounts
Limited types of payment options

Is Fortune Wealth Legit?

No. Fortune Wealth has no valid regulations currently. Please be aware of the risk!

Fortune Wealth license
Fortune Wealth domain

What Can I Trade on Fortune Wealth?

Fortune Wealth offers trading on equities and derivatives.

Trading InstrumentsSupported
Equities
Derivatives
Forex
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs
Products & Services

Account Type

The broker offers Demat accounts. However, it does not provide details on accounts.

Account Type

Fortune Wealth Fees

Clients should pay a 20% upfront margin of the transaction value to trade in the cash market segment.

When opening a trading account with the broker, there is a one-time fee of Rs 116.

Fortune Wealth Fees
Fortune Wealth Fees

Trading Platform

Trading PlatformSupported Available Devices
NSE Mobile AppMobile
NOW (NSEs online trading platform)Web
Trading Platform

Deposit and Withdrawal

The broker accepts payments done via bank wire. No minimum deposit or withdrawal amount defined and no fees or charges specified.

Deposit and Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Ibgentle
Within 1 year

Which deposit and withdrawal options does Fortune offer, such as credit cards, PayPal, Skrill, or cryptocurrencies?

WikiFX Reply
Based on my thorough evaluation of Fortune Wealth, I could only find bank wire as an available method for deposits and withdrawals. The broker does not mention any support for alternative funding options like credit cards, PayPal, Skrill, or cryptocurrencies. For me, this is a significant limitation, especially when compared to other brokers I’ve worked with that provide a broader, more convenient range of payment methods. Relying solely on bank transfers can slow down the funding process, limit flexibility, and create additional hurdles for clients who might prefer faster or more modern transaction options. Another important consideration—from both a risk management and client trust perspective—is that Fortune does not specify minimum amounts or outline any associated transaction fees for deposits and withdrawals. This lack of transparency makes it difficult for me to assess the full cost and accessibility of moving funds in and out of their platform. In my experience, reputable brokers are clear about their payment channels, timelines, and charges because such details are essential for financial planning and operational confidence. Given Fortune Wealth’s unregulated status and these payment constraints, I remain cautious and conservative about recommending them. I prioritize safety and operational clarity in my trading decisions, and the absence of multiple, industry-standard funding options is a clear drawback for me.
Broker Issues
Fortune
Withdrawal
Deposit
In a week
United States
Tom Rossito - Toronto
Within 1 year

Does Fortune charge a commission for each lot traded on their ECN or raw spread accounts?

WikiFX Reply
In my experience with multiple brokers, one of the first things I look for is a clear fee structure, especially regarding commissions per lot on ECN or raw spread accounts. With Fortune Wealth, this has proven challenging. Based on my review of their available information, Fortune Wealth does not offer ECN or raw spread accounts typically found in the forex industry. Their primary focus appears to be on equities and derivatives trading via platforms like the NSE Mobile App and NOW. For me, the lack of offering in standard forex account types, such as ECN, is a significant limitation. Moreover, Fortune Wealth is upfront about charging a one-time account opening fee of Rs 116, but I could not find any straightforward details about trading commissions per lot. Instead, they require clients to pay a 20% upfront margin of the transaction value for cash market trades, which is different from a per-lot commission structure and is more in line with Indian equity brokers. For someone used to forex trading, this approach feels less transparent. What raises additional concern for me is the lack of regulatory oversight—there’s no valid license, which means there’s limited external accountability if questions about fees or execution arise. In short, I did not find any information about standard commission charges per lot for ECN or raw spread accounts, because Fortune Wealth doesn’t appear to provide those account types. This absence of clarity and limited range of trading instruments makes me very cautious about engaging with this broker.
Broker Issues
Fortune
Fees and Spreads
08-25
United States
JV1s24K_g0ld
Within 1 year

Is it possible to open a free demo account with Fortune, and do they impose any restrictions such as an expiry period?

WikiFX Reply
As someone who relies heavily on testing a broker’s platform and order execution before ever putting real funds at risk, I took a close look at Fortune’s offering in this regard. From my examination, Fortune does not provide any kind of demo account option—the feature simply isn’t available. For me, that’s a significant drawback, as I consider demo accounts essential for anyone aiming to familiarize themselves with the trading environment and conditions, or to safely test new strategies. I found no indication of an expiry period or limitations—because the absence of demo accounts makes the question of expiry moot. All live trading appears to require a one-time account opening fee, along with an upfront margin commitment when trading equities. That suggests a level of financial commitment from day one, and there’s no way to trial the service risk-free. Given that Fortune is also unregulated, and that their business scope raises a number of red flags according to objective risk indicators, I personally would urge extreme caution. In my own trading practice, the inability to conduct risk-free testing and the lack of regulatory oversight are deal-breakers. Because of these factors, I would not use Fortune for my trading needs.
Broker Issues
Fortune
Account
Leverage
Platform
Instruments
08-25
United States
helpneeded
Within 1 year

Could you give a comprehensive explanation of Fortune’s fees, covering both commissions and spreads in detail?

WikiFX Reply
After carefully studying Fortune's available information and considering my own criteria as a trader, I find their fee structure somewhat opaque and quite restrictive. The most explicit cost disclosed is a one-time account opening fee of Rs 116, which is comparatively minor. Much more significant, however, is the requirement for a 20% upfront margin on cash market trades, which could impact capital allocation and leverage decisions for some traders. This margin is not a cost in and of itself, but it does mean tying up a substantial portion of funds to initiate trades, and it's vital to consider this when assessing position sizing and risk. As for commissions and spreads specifically, Fortune does not provide detailed disclosures on these—at least from the context I have reviewed. Unlike global brokers that clearly outline per-trade commissions, spread ranges, or tiered fee structures, Fortune appears to lack transparency here. In my experience, unclear or undisclosed commission and spread details are a cause for concern, particularly because these directly affect trading costs and ultimately net profitability. Additionally, since Fortune operates without regulatory oversight, there is no credible third-party assurance regarding the fairness or consistency of their fee practices. When dealing with any broker—especially one without explicit, published data on commissions and spreads—I proceed with heightened caution, fully recognizing that costs could vary or be higher than anticipated. For my own trading, this lack of detail would be a material drawback, making it difficult to conduct rigorous cost analysis or compare Fortune’s offerings competitively.
Broker Issues
Fortune
Fees and Spreads
08-15
United States
View More
Write a comment
1
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

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