Fortune Trading Corporation is one of the well-known discount broker based out of Chennai. Let’s have a detailed Fortune Trading Review & get good understanding of Fortune Trading Brokerage Charges, Fortune Trading Demat Account, Fortune Trading Platforms & other important features.
Fortune Trading Customer Ratings & Review
About Fortune Trading
|Broker Type||Discount Broker|
|Founder||Mr. K. Narayana Moorthy|
Fortune Trading Corporation is a discount broker in India. It was started in the year 2004 at Chennai (TN), India. It is a discount brokerage and provides services in following financial segments like equities, F&O, commodity and currency.
It has proved its efforts for growth in recent years, with a customer base of over 25000 clients. After its consistent work on research and analytics, it has emerged in the comprehensive stock market in India. It holds the membership of popular exchanges like NSE, BSE, and MCX with a wide business network across India.
The discount broker also has two legal entities under Fortune Trading Corporation providing services for Commodities trading, and Fortune Capital Services Private Limited for trading in Equities, Derivatives, and Currencies.
In this era, internet usage has been increased to a good level to boost the business and reaching maximum clients. As a result, leads to the broadening the online trading zone as compared to offline trade. Fortune Trading Corporation is now considered as an established brokers among Online Discount Brokers across India.
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Fortune Trading Brokerage Charges
|Equity Delivery Trading||Rs.20 per order|
|Equity Intraday Trading||Rs.20 per order|
|Commodity Trading||0.1% of trade value|
|Equity Futures Trading||Rs.20 per order|
|Equity Options Trading||Rs.20 per order|
|Currency Futures Trading||Rs.20 per order|
|Currency Options Trading||Rs.20 per order|
|Demat AMC Charges||Free Lifetime|
|Trading AMC Charges||Zero|
- Only SMS charge Rs 100/month
Fortune Trading Brokerage Plans
A flat fee of INR 20 per order for any kind of transaction across all asset segments. As per the personnel of Fortune Trading, the brokerage charged by them is almost 45-50% lower vis-à-vis that charged by other discount brokers. Further, in comparison to full service brokers, the rates are as low as 98%.
Fortune Trading Charges
Other than brokerage charges various other charges are levied to the client but these charges are very small in number & percentage.
|Transaction Charges||0.0019% of Total Turnover|
|STT||0.01% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
These charges are very minimal & they don’t affect the overall ROI of the Investment.
Fortune Trading Demat Account Opening Fees
|Account Opening Charges||Rs.525|
|Demat AMC Charges||Free|
|Trading AMC Charges||Free|
|Offline to Online||Yes|
It charges INR 525 for opening a trading account and the AMC is Nil. For DEMAT account, there are no account opening charges & AMC is free for lifetime.
Fortune Trading Offers
|Free Demat Account||No|
|Free Trading Account||No|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
Here is the list of offers rolled out by Fortune Trading
- Flat brokerage Charges of Rs.20
- Free Trading Account
- Minimal Margin charges are applicable.
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How to open Demat account with Fortune Trading?
- Fill up the Lead Form – Click here
- Prospect will receive a call from sales team
- Appointment will be set-up as per prospects availability
- Sales person will visit the prospect
- Prospect will have to provide few information & documents like Aadhaar Details, PAN Details, Account Opening Fees
- Account will be activated within 1 working day
This Entire process takes 1 or 2 days to complete.
Why Open Fortune Trading account?
- Competitive Rates. Flexible Plans.
- Unparalleled Services. Always.
- Timely Payments. Every time.
- Unlimited Leverage. Unlimited Trading.
- Brokerage Charges is very low – Rs. 20 per transaction
- Account Opening process is very smooth
- Very smooth working Trading Platforms
Fortune Trading Products & Services
Here is the list of Products & Services provided by the broking house.
Fortune Trading Products
List of Products offered are:
Fortune Trading Services
|3 in 1 Acount||No|
|Trading Exposure||Upto 15x|
Various Services offered:
- Demat Account
- Trading Account
- Intraday Services
- Robo Advisory
- IPO Services
- Exposure upto 15x
Fortune Trading Research, Advisory & Stock Tips
Look at this table for all information about their research & recommendations
|Company Stock Review||No|
|Free Stock Tips||No|
|Daily Market Review||No|
Fortune Trading Exposure or Leverage
The broking company provides upto 15x exposure to their clients. Exposure varies on various parameters
- Clients Holdings (Trader client or high value client gets high exposure)
- Clients History (old client gets high leverage)
- Type of investment (Equity, Derivatives, Currency, Commodity)
- Company Scrip (High net worth company has high exposure scrip)
|Equity Intraday||Upto 15x|
|Equity Futures||Upto 15x|
Fortune Trading Trading Platforms
The Discount broker provides trading platform for all types of devices & browsers, Let’s have a detailed review of the same.
Features of Fortune Trading Platforms:
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||No|
|Multi Account Management||No|
To carry forward its credibility and momentum, Fortune Trading Corporation has availed three trading platforms in latest Web, mobile, and desktop version.
Fortune Trading NEST Review: Desktop based Trading Terminal
You can easily download and install this trading platform. It is used by many brokers through a license availed. By giving the information required, you can smoothly proceed with your trading. The features involved in this trading platform are given below:
- Latest updates and multiple market watch
- Nice user interface
- Technical Charting feature
- Personalization of themes is possible with alerts as per your choice
- Order placement is possible even after market hours
- Real-time execution
- Quick analysis is possible
Fortune Trading NSE NOW Review: Web based Trading Platform
This web-based trading platform is accessible from any device like the laptop, desktop, mobile. It also enhances the good user interface. It holds automatic screen resolution adjusting feature as well.
- Nice charting with many technical indicators.
- You will get notifications and alerts related to latest changes.
- Fund transfer is easy with this software.
- Chart tools integrated to Chart toolbar.
- Analyze trading opportunities by screening stocks from different sectors and indices.
Fortune Trading Mobile App Review: Mobile App based Trading Platform
The Mobile app provides fast trading opportunity. You can easily proceed with your trading objective on the go. The mobile app size is 42 MB.
- It gives high degree of performance
- It’s secure and has good analytics
- Featured with notifications pop-up
- Fast and reliable
- Hassle free trade
Fortune Trading Customer Support
Here is the list of Support they provide to their client
|Support Number||044 45609696|
|Toll Free Number||NA|
Fortune Trading Complaints & Feedback
Here are the total number of complaints lodged & resolution status of Fortune Trading for the current year.
|Lodged in BSE||68|
|Resolved in BSE||27|
|Lodged in NSE||106|
|Resolved in NSE||73|
The broking house complaint resolution time is very long, leads to low client satisfaction.
NOTE* – Their TAT for resolving any kind of complaints are 30 days. This is not very good.
Fortune Trading Benefits or Advantages
- It holds good network in South India
- Zero Account opening charges
- User friendly trading platforms
- Very competitive brokerage rate
Fortune Trading Disadvantages
- Average Customer support services
- It’s not technically sound.
- Low degree of performance
Fortune Trading Branch Set-up
The stock broker doesn’t support any kind of offline activity, hence, they don’t have any branch available across India. They are end to end Online Set-up.
Fortune Trading Conclusion
Among the Discount Broking house, Fortune Trading is growing at a very fast rate. Their client rating is also decent at 5.8 of 10. Our critical experience into stock broking suggests that go with Fortune Trading if you have a good trading knowledge. Since, they don’t have offline presence & their own advisory service, they are not good for Investors. Their advisory is entirely dependent on machine learning, so there is a big chance of goof-up for new investors.
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