General Information
Fortune Prime Global Limited (short for “FPG”) present itself an ECN forex broker, with its headquarter located in Melbourn, Australia. FPG advertises that it has a global business coverage, having setting branches and offices in many countries.
Regulatory Details
Fortune Prime Global holds two regulatory licenses:
FORTUNE PRIME AUSTRALIA PTY LTD is regulated by ASIC, with regulatory license No. 001294202;
FORTUNE PRIME LIMITED is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), with Regulatory License No. 700507.
Market Instruments
With FPG, traders or investors can get access to a wide range of popular and mainstream financial market in the world, including foreign exchange, indices, cryptocurrencies, precious metals commodities and crude oil.
Account Types
There are two trading accounts are on offer, including Standard, ECN Raw Spread accounts, with the minimum initial deposit ranging from $20 to as high as $1,000.
Standard
This account type is designed for beginners and regular traders, trading with a small sum of capital without risking too much.
ECN
This account type is more suitable for advanced and experienced traders who pursue tighter spreads and lower trading costs.
Leverage
Leverage varies depending on particular trading instruments, and FPG offers generous trading leverage, overall.
Forex: leverage up to 1:500
Commodities: leverage up to 1:100
Global indices: leverage up to 1:100
Crude oil: leverage up to 1:100
Precious metals: leverage up to 1:500
Since leverage can amplify gains as well as losses, traders, especially inexperienced traders are not advised to use too high leverage in case of causing serious fund losses.
Spreads and Commissions
Spreads and commissions are defined by what trading accounts you are holding. With the Standard account, you can get variable spreads with no commission and ECN accounts can offer you extremely competitive spreads, as low as 0.0 pips, yet with a commission of $3.5 per side per lot.
Trading Platforms
To give its clients a better trading environment and experienced, FPG offers access to the most popular trading platform in the world-MT4 trading platform, featuring multiple technical indicators, powerful charting tools, highly customized and EA supported.
Payment Methods
FPG works with several payment processors to offer its clients faster and safer deposit and withdrawal, including Tether, FasaPay, Union Pay, PM.
Customer Support
The FPG customer support can be reached 24x5 through WhatsApp, Wetchat, and Lark. And more surprisingly, customers can directly talk with them online.
Educational Resources
FPG offers an educational resource center for newcomers to learn some forex trading fundamentals, which include CFDs, Forex Trading, Personal Manager and Market Analysis, and more.
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