Fortune Trading Review – Charges, Trading Platforms, Demat Account, Offers & more

Find out all details related to Fortune Trading Review here. Established in 2004, Fortune Trading is a Chennai-based discount broker.

Mr K. Narayana Moorthy founded Fortune Trading to offer traders opportunities to earn maximum profit while growing the company.

The firm provides services in multiple financial segments, including equities, commodities, currencies, mutual funds, and F&Os.

Within nine years of its establishment, Fortune Trading’s customer base grew to over 12,000 active clients, all thanks to its zero brokerage charges.

Let’s go through this Review to understand Fortune Trading Charges, perks, offers, trading platforms, research support, and more.

Why Trade or Invest with Fortune Trading?

Getting to know the following perks of trading or investing with Fortune Trading will help you make a rational decision about opening the Fortune Trading Account:

• The best part is you don’t have to pay anything to maintain your Demat or trading account with Fortune Trading.
• Fortune Trading levies zero brokerage charges and, thus, has attracted over 12,000+ customers, with a significant proportion coming from Southern India.
• Moreover, the company is growing faster while unlocking attractive opportunities for traders and investors nationwide. Isn’t it amazing?
• The firm facilitates an efficient online trading experience by providing smooth trading platforms.
• It caters to clients with a broad spectrum of financial offerings, including equities, F&Os, mutual funds, currencies, IPO services, share pledging, and more.

Fortune Trading offers a standard brokerage plan and free subscription charges to its active clients.

We are heading to the most exciting part! With the brokerage house, you don’t have to worry about preparing for brokerage charges whenever you think of executing a trade.

The company doesn’t levy brokerage charges for the transaction across all asset segments, from equity delivery to currency F&O.

According to Fortune Trading’s personnel, the brokerage houses levy brokerage charges as low as 45-50% lower than other Indian discount brokers.

Furthermore, the Fortune Trading Brokerage charges are as low as 98% than full-service brokers in India.

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How to Open a Fortune Trading Demat Account?

This step-by-step guide will help you open the Fortune Trading Demat Account:

1. Fill out the lead form given on the screen: “Open Free Demat Account Now.” The form asks you to enter your name and contact number as per your Aadhar card, email ID, and city.
2. After submitting the form, you can receive a call from the sales team within a working day.
3. They will ask you to provide information and documents, including identity, age, address proof, PAN, bank details, etc.
4. Once verification and KYC are completed, your Demat account will be activated within a day.
5. The firm will share the login credentials on your registered contact number or email ID.

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One of the critical sections of Fortune Trading Review is the company’s trading platforms. Fortune Trading has launched trading platforms that are compatible with Android and iOS.

It offers NSE NOW, a cutting-edge web-based trading platform accessible from any browser.

Besides trading terminals, the firm provides a mobile-based app with a size of 42 MB and NEST, a terminal-based trading software.

Algo trading platform and mutual fund investment platform are the other two platforms you can access to execute your buy and sell orders online quickly.

Fortune Trading has introduced three leading trading platforms across mobile, web-based, and desktop applications.

An in-house software development team develops the mobile app, while the other two are NSE-based trading platforms.

Let’s learn the features and functionalities of these three trading platforms.

NEST Trading Platform

NEST is the Fortune Trading terminal-based platform designed and developed by Omnesys Technologies.

Multiple stockbrokers can use it after availing of the license, and the same is the case with Fortune Trading.

As the company’s active client, you need to install the software on your desktop to carry on your trading. Next, log in to the trading platform by entering your username and password shared by Fortune Trading.

Here discussed are the features of NEST which is suitable for heavy traders:

• Users can add market watches across multiple asset segments to know the latest updates.
• The platform boasts an excellent user interface.
• NEST allows traders to place orders even post-market hours.
• You can access market quotes, news, stock prices, and other relevant details.
• Themes can be personalized by picking up your choice’s notification and alert types.
• The trading terminal allows real-time trade execution.
• The charting feature allows quick technical and fundamental analysis.

NSE NOW

NSE NOW is a web-based trading solution that can be accessed on prominent browsers, including Firefox, Microsoft Edge, Internet Explorer, Chrome, and more.

Clients don’t need to download or install any executable file or software to access trading. The best part of using this web-based trading platform is that it can be accessed from any mobile, tablet, desktop, or laptop device.

It’s a responsive platform and takes care of screen resolution to provide users with an enhanced trading experience. The following are some cool features of NSE NOW:

• It’s a lightweight application and allows easy, fun transfer.
• Multiple technical indicators provide a pleasant charting experience.
• The platform provides notifications and alerts related to the latest changes in the stock exchanges.
• Chart tools are integrated into the Chart toolbar.
• Easy fund transfers.
• NES NOW allows executing different types of orders.
• You can analyze trading opportunities by screening stocks from different indices and sectors.

Fortune Trading Mobile App

The in-house software development team designed and developed the Fortune Trading App.

However, the app is rated average in terms of performance and still has a long way to go regarding features, functionality, and user experience.

The following are some exceptional features of Fortune Trading App:

• You can create multiple market watch lists to know real-time updates.
• Users can personalize in-app notifications and alerts.
• The app allows real-time streaming of market news and quotes.
• It provides good analytic features and hassle-free trade.

The following are the Fortune Trading offers clients can leverage for top-notch trading experience:

• The stockbroker doesn’t provide a free account opening process but offers zero account maintenance charges.
• The most exciting thing that attracts more and more clients to the company is free and flat brokerage.
• You don’t have to pay for delivery, intraday, or F&O trading.
• Referral offers entail Rs. 200 for each new client referred to the firm.

Fortune Trading SWOT Analysis

Know everything about Fortune trading via its SWOT Analysis.

Strength

• The brokerage house allows prospects to maintain a Demat account for free.
• Zero brokerage charges make Fortune Trading an ideal broker for traders.
• The firm holds a good network in Southern India.
• It provides access to user-friendly NSE-based trading platforms.
• Clients can earn extra money by referring new clients to the organization.

Weakness

• The company provides a limited number of trading and investment products.
• Since Fortune Trading has only one in-house mobile platform, it’s not a tech-savvy company.
• It offers limited-margin trading.

Opportunities

• Fortune Trading can introduce financial products and services to attract more clients.
• It can work on improving its non-technically sound image.
• The company can improve its customer support services.

Threat

• Full-service brokerage houses offering diverse products and services constitute a significant threat to Fortune Trading.
• Technologically advanced stockbrokers provide tough competition in this digital trading era.
• Poor customer management and support services.

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In this section, you will learn what research and advisory support the brokerage house renders to clients with Fortune Trading Account.

You will be disheartened to know that Fortune Trading lags regarding research support.

You can’t view or analyze fundamental, company, research, annual, IPO, or technical reports to make informed trading decisions.

Although the firm provides stock tips, daily top stock picks, and relationship manager support, these are chargeable.

The following points highlight the Fortune Trading Margin or leverage:

• Margin or leverage for equity intraday can be up to 5 times, depending on the chosen stocks.
• Equity delivery, equity F&O intraday, commodity F&O carry forward, and currency F&O trading has the same margin or exposure rate of 1x.
• For the rest of the segments, including equity and commodity F&O intraday, the margin can be 1x.

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Fortune Trading does provide trading and dedicated dealer support to its clients, but it’s chargeable. To contact the firm’s customer help desk, call 044-45609696 or email [email protected].

Moreover, you can access it online but not offline Fortune Trading Customer Care.

You can head to the company’s website, Facebook page, or Twitter account to communicate your problems or queries and expect a response within a few days.

Talking about the Fortune Trading Complaints, the company received just nine complaints as per the latest figures.

It successfully resolved all these nine complaints, which means the percentage of resolved complaints is 100%. Isn’t that a good thing?

There were no actionable complaints, meaning the ratio of non-actionable complaints was 0.00%.

These figures indicate that Fortune Trading takes its clients’ complaints or problems seriously and makes the best possible efforts to resolve them.

Fortune Trading Charges

Other than brokerage charges, there are many different types of charges you might have to pay when investing or trading with a stockbroker.

• The Fortune Trading Account Opening Charges are Rs. 200, but you can maintain your account for free.
• STT & CTT charges for transacting in assets across different segments range from zero to 0.01% on the buy and sell side. Clients have asked for 0.0125% STT & CTT charges for equity future on the sell side. And the STT & CTT charges for currency F&O are nil.
• Stamp duty charges you might have to pay for equity delivery are 0.015%, and commodity options are 0.003% on the buy side.
• Fortune Trading levies different transaction charges for other assets, such as 0.00325% (NSE) and 0.00375% (BSE) for equity delivery. To complete the transaction for currency future, you must pay 0.0008% (NSE) and 0.00025% (BSE).
• To create a pledge, you must pay 50 INR per scrip; for an invocate pledge, you must pay Rs. 25 per scrip.
• SEBI turnover, DP, dematerialization, and call & trade charges are some of the Fortune Trading Hidden Charges.

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Fortune Trading Review – Conclusion

Among all the Discount brokerage houses in India, Fortune Trading is known to be growing at a faster rate.

As per the Fortune Trading Review, the company received a decent rating of 6.22 out of 10. Moreover, the stockbroker offers a free brokerage plan with zero subscription and account maintenance charges.

However, there are many aspects Fortune Trading needs to work on, including its offline presence and its own research and advisory service.

Overall, Fortune Trading is a good brokerage house for prospects considering starting their investing and trading journey.

FAQs on Fortune Trading Review

Here are various FAQs on Fortune Trading Review.

Is Fortune Trading a Safe Broker?

Fortune Trading is registered with SEBI, making it a secure brokerage house. Moreover, the brokerage house keeps your transactions and information safe.

Is Fortune Trading Good for Beginners?

Fortune Trading offers free brokerage, making it an affordable option for beginners to continue their trading journey.

How many active clients does Fortune Trading have?

Fortune Trading has more than 12,000 clients at present, with a significant chunk from Southern India.

Who is the Founder of Fortune Trading?

Mr. K. Narayana Moorthy is the founder of Fortune Trading.

Does Fortune Trading provide Free Delivery Trading?

Fortune Trading provides free delivery trading.

What are Intraday Trading Charges in Fortune Trading?

There are no intraday trading charges in Fortune Trading.

What are Fortune Trading F&O Charges?

There are no F&O charges in Fortune Trading.

Does Fortune Trading charge for Commodity Trading?

Fortune Trading doesn’t charge anything for commodity trading.

Does Fortune Trading charge for Currency Trading?

No, Fortune Trading doesn’t charge for currency trading.

Does Fortune Trading provide Research?

Fortune Trading doesn’t offer research, company, fundamental, technical, or IPO reports. But it provides stock tips and relationship manager support to the clients ready to pay for the same.

How to contact Fortune Trading Customer Care?

You can contact the Fortune Trading customer care helpdesk by calling 044-45609696 or emailing [email protected].

You can visit the firm’s website, Facebook page, or Twitter account to resolve your problems.

How much is AMC in Fortune Trading?

The annual maintenance charges (AMC) in Fortune Trading are zero.

What are Account Opening Fees in Fortune Trading?

The account opening fee in Fortune Trading is 200 INR.

What are Pledge Creation Charges in Fortune Trading?

Fortune Trading asks for Rs. 50 per scrip to create a pledge.

How Much are Pledge Invocation Fees in Fortune Trading?

Fortune Trading asks for Rs. 25 per scrip to create a pledge.

Does Fortune Trading levy any Interest on Margin Trade Funding?

Fortune Trading levy 0.072% interest on margin trade funding.

What are DP Charges in Fortune Trading?

You must pay 20 INR per scrip on the sell side as depositary participant (DP) charges.

Does Fortune Trading levy any Account Closure Fees?

There are no charges to close your account in Fortune Trading.

What are Account Reactivation Fees in Fortune Trading?

There is no fee to reactivate your account in Fortune Trading.

What are Call and trade Charges in Fortune Trading?

Clients must pay 50 INR for using the call and trade facility each time.