WikiFX

Sagot

Speaking candidly as a trader who has navigated the industry for years, I approach brokers like Fortune with significant caution. Despite Fortune's five to ten years of operation and its accessibility through varied contact methods, I could not find any evidence of valid regulatory oversight associated with this broker. This is a major concern for me, as regulatory supervision is fundamental for client protection, dispute resolution, and overall trustworthiness in the financial industry. The complete absence of regulation inherently increases risk, regardless of the firm’s tenure or user comments. Notably, Fortune does not provide a demo account, and there is very little transparency regarding fees, withdrawal policies, or available account types. These gaps pose tangible hurdles for building real confidence in a broker. I also consider the trading product range to be extremely limited, as only equities and derivatives are supported—there is no forex, commodities, or broader instruments available. Using platforms like the NSE Mobile App and NOW may seem convenient, but this does not compensate for the risks arising from non-regulation. In my view, the lack of a regulatory license is a critical issue that outweighs minor operational strengths. For me, legitimacy in this space is anchored in recognized oversight and transparency—areas where Fortune currently falls short. Consequently, I would not consider this broker a secure or advisable choice for trading, especially given the high risk to client funds and limited recourse in the event of a dispute.