FPG Fortune Prime Global Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-10-16 17:41Abstract：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.
| FPGReview Summary | |
| Founded | 2011 |
| Registered Country/Region | Australia |
| Regulation | ASIC, VFSC |
| Market Instruments | Over 100 intrsuments, covering forex pairs, commodities, stocks, cryptocurrencies, indices |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | Low |
| Trading Platform | MT4 Margin WebTrader |
| Min Deposit | $100 |
| Customer Support | Phone: +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.
Pros and Cons
| Pros | Cons |
| ASIC & VFSC regulated | Limited customer support options |
| Wide range of currency pairs and trading instruments | High minimum deposit requirements |
| Low minimum deposit of $100 | Potential for price manipulation |
| Four types of trading accounts to choose from | Limited withdrawal options and delays |
| Generous leverage up to 1:500 | No 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 Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| Australia | ASIC | FORTUNE PRIME GLOBAL CAPITAL PTY LTD | Market Making(MM) | 400364 | Regulated |
| Vanuatu | VFSC | FORTUNE PRIME LIMITED | Retail Forex License | 700507 | Offoreshore Regulated |
What Can I Trade on FPG?
FPG offers traders the opportunity to trade forex pairs, commodities, stocks, cryptocurrencies, indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Futures | ❌ |
| Options | ❌ |
Account Types
FPG offers 2 different types of accounts to traders - PRO and ECN.
| PRO | ECN | |
| Minimum Deposit | $50 | $100 |
| Minimum Trading Volume | 0.01 lot | 0.01 lot |
| Spreads from | 1.4 pips | 0.0 pips |
| Commission starts from | Zero | $3.5/lot per side |
| Leverage | 500:1 | 500:1 |
| Instruments | 200+ | 200+ |
| FX min spread | 1.4 | 0 |
| Gold min spread | 1.9 | 0.6 |
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 Platform | Supported | Available Devices | Suitable for |
| MT4 Margin WebTrader | ✔ | Web, Mobile | Beginner |
| MT5 | ❌ |
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.
| Method | Availability | Currencies | Minimum Deposit | Maximum Deposit | Deposit Processing Time | fees |
| Bank Wire | Global, except China Mainland | USD | $100 | Depends on client's bank limit | 1 to 3 business days | 0 |
| China Union Pay | China Mainland | CNY | $50 | $10,000 | Instant | 0 |
| Dragonpay | Philippines | PHP | $100 | $150,000 | Instant | 0 |
| Help2Pay | Global, except Europe | IDR, MYR, THB, VND, PHP | $50 | $150,000 | Instant | 0 |
| Payment Asia | Global | IDR, MYR, THB, VND | $50 | $50,000 | Instant | 0 |
| tether | Global | USDT | $50 | $100,000 | Instant | 0 |
| Method | Availability | Currencies | Minimum Withdrawal | Maximum Withdrawal | Withdrawal Processing Time | fees |
| Bank Wire | Global, except China Mainland | USD | $50 | Depends on client's bank limit | 1 to 3 business days | 0 |
| China Union Pay | China Mainland | CNY | $50 | $10,000 | 1 working day | 0 |
| Dragonpay | Philippines | PHP | $50 | $150,000 | 1 working day | 0 |
| Help2Pay | Global, except Europe | IDR, MYR, THB, VND, PHP | $50 | $150,000 | 1 working day | 0 |
| Payment Asia | Global | IDR, MYR, THB, VND | $50 | $50,000 | 1 working day | 0 |
| tether | Global | USDT | $50 | $100,000 | 1 working day | 0 |
Copy Trading
FPG's copytrading offers an opportunity to automatically follow good traders and monitor the markets.
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