Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Tom Rossito - Toronto
Within 1 year

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

Broker Issues
Fortune
Fees and Spreads
08-25
United States
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.

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