Question 1

Is FPG regulated and how safe is my money with this broker?

FXScope Intelligence Lab · Accepted Answer

FPG operates under a complex regulatory structure. Fortune Prime Limited trading as Fortune Prime Global is regulated by the Vanuatu Financial Services Commission (VFSC) with license number 700507. Additionally, Fortune Prime Global Capital Pty Ltd holds an Australian ASIC license (AFSL no. 400364). However, investor protection varies significantly - while ASIC regulation provides strong protections for Australian clients, most international clients trade with offshore entities that offer limited protection. The broker acknowledges that services are not available to residents of several major jurisdictions including the USA, Australia, Japan, and European countries. This regulatory complexity means fund safety depends heavily on which entity processes your trades and where you're located.

Question 2

What are the trading costs and account types available at FPG?

FXScope Intelligence Lab · Accepted Answer

FPG offers three main account types: Standard Account ($100 minimum deposit, 1.5+ pips spread, no commission), ECN Account ($200 minimum deposit, 0.1 pip + $7/lot commission), and Pro Account ($1000 minimum deposit, 0.0 pips + $5/lot commission). All accounts offer maximum leverage of 1:500 and support both MT4 and MT5 platforms. The broker claims spreads as low as 0.0 pips on their official site, though real user experience suggests spreads around 1.6 pips for major pairs like EUR/USD. The Pro Account offers the best trading conditions but requires the highest minimum deposit. All accounts provide access to over 100+ CFD instruments across multiple asset classes.

Question 3

Is FPG beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

FPG has mixed signals for beginner-friendliness. On the positive side, they offer low minimum deposits starting from $100, which makes the platform accessible to new traders with limited capital. They provide educational resources including expert-led tutorials, webinars, and market insights designed for traders of all levels. However, the platform offers extremely high leverage up to 1:500, which can be dangerous for inexperienced traders who may not fully understand the risks. Additionally, there are documented issues with slippage during volatile market periods (measured at 60 points during major news events) and user complaints about slow withdrawals, which could create significant stress for new traders. The educational offerings are present, but the regulatory complexity and high-risk product structure suggest beginners should exercise caution.

Question 4

What are FPG's deposit and withdrawal methods and how long do they take?

FXScope Intelligence Lab · Accepted Answer

FPG supports multiple funding methods including bank cards, wire transfers, Skrill, Neteller, and USDT deposits. The broker claims processing times of 24-48 hours for both deposits and withdrawals on their official website. However, real user experience contradicts these claims significantly. User feedback indicates deposits typically arrive within 20 minutes to a few hours, but withdrawals often take 3-5 business days rather than the stated 24-48 hours. Some channels charge withdrawal fees of 2-3%, and users have reported cases where withdrawals took over a week to process. The discrepancy between stated and actual processing times has been a major source of customer complaints. Customers can contact support at +61 2 8006 4855 or support@fortuneprimeglobal.com for account-related inquiries.

Question 5

What trading platforms and instruments does FPG offer?

FXScope Intelligence Lab · Accepted Answer

FPG provides access to the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both available for desktop and mobile devices. The platform supports Expert Advisors (EAs) for automated trading. FPG offers a diverse range of over 100+ CFD instruments across six major asset classes: Forex (40+ currency pairs), Shares, Commodities (including WTI and Brent crude oil), Cryptocurrencies (BTC, ETH, etc.), Indices (Nasdaq, S&P 500, Hang Seng Index), and Precious Metals (gold and silver). The broker claims ECN/STP execution for faster order processing, though this claim lacks third-party verification. During testing, latency measured 300-400 milliseconds, with significant slippage (50-80 pips) during high-impact news events like non-farm payroll data releases.

Question 6

What are the main complaints and risks associated with FPG?

FXScope Intelligence Lab · Accepted Answer

FPG faces several significant concerns that investors should be aware of. Major complaints include withdrawal delays (often 3-5 days instead of stated 24-48 hours), poor customer service response times, and excessive slippage during market volatility (measured at 60 points during news events). The broker's regulatory structure is complex, with most clients actually trading through offshore entities (Vanuatu, St. Vincent) despite ASIC marketing claims, resulting in limited investor protection for most customers. The platform offers high leverage up to 1:500, far exceeding compliant limits in major jurisdictions. User reports indicate potential account restrictions for profitable traders, with requests for additional documentation. Media reviews (WikiFX, FX110, TraderKnows) highlight these issues and rate the platform as medium-high risk with an overall score of 4.2/10. These factors combined suggest investors should approach with extreme caution.

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