WikiFX

Sagot

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.