Founded in 1994, Fortune Securities Ltd (FSL) has become one of the leading members of the Karachi Stock Exchange (the largest of the three Pakistani exchanges).
FSL offers brokerage and advisory services to retail and institutional clients. Fortune Securities is listed on the Pakistan National Mercantile Exchange (NCEL). NCEL is regulated by the Securities and Exchange Commission of Pakistan (SECP).
The SECP supervises and regulates brokers, insurance companies, and non-bank finance companies. SECP does not impose any requirements on the assets of the broker. In addition, there are no investor funds compensation programs.
Brokers, under the terms of the SECP, are required to keep their clients' money and securities separate from their own assets in segregated accounts. This requirement was introduced to prevent the company from using clients' money for its own purposes and benefits.
If you are planning to invest a large amount of money, then we advise you to look at other companies with stricter regulation.
The Fortune Islamic subsidiary offers services to Muslim investors and entrepreneurs.
Trading conditions
You can start working in the company by depositing 25,000 PKR. It is the local currency in Pakistan. In terms of US dollars - $ 237.20.
A trader can open an account with shares / securities with a minimum deposit of 5,000 PKR.
The registration process for a new user usually takes 4-6 business days, but can take up to two weeks.
The company is a partner of the world's largest US-based consulting firm ASHLAND and Partners. FSL is committed to providing advisory services to investment managers.
Training
The company provides training courses in the following areas:
Islamic finance; financial modeling; MS Office and MS Project; project management; sales department management.
Support service
If you would like more information about Fortune Commodities, please contact a company specialist by phone or email. FSL claims to have assembled a highly qualified and experienced institutional team with market knowledge.
Ways of payment
You can deposit money via bank transfer, check by post, or cash at offices located in Karachi, Pakistan.
Pros:
regulated broker.
Minuses:
no platform description.
FAQ - BROKER QUESTIONS FSL
- Do trader reviews affect the rating of FSL?
- How to leave a review about FSL on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker FSL be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. FSL received a rating of 1 out of 5 on our resource.
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