WikiFX Review: Is Fortune Prime Global Reliable?

Please continue to read if you want to know whether FPG is a reliable forex broker.

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates FPG's reliability based on the facts.

What is WikiFX?

To explore whether FPG is a scammer, we evaluated this broker based on various aspects, such as regulatory status.

1. Evaluate the reliability of FPG based on its general information

To understand FPG better, we explore it by analyzing two main perspectives:

A. General Info of FPG

B. Regulatory Status

A. General Info of FPG

Founded in 2011, Fortune Prime Global (FPG) is an Australia-registered broker that offers over 100 investment products, including forex pairs, commodities, stocks, cryptocurrencies, and indices.

Account Types & Minimum Deposit

Saxo offers PRO accounts and ECN accounts to suit the different needs of its clients.

Trading Platform

FPG's trading platform is MT4 Margin WebTrader, which supports traders on PC, Mac,iPhone, and Android.

Spreads

FPG claims to offer low spreads.PRO account charges no commission, but its spread starts with 1.4pips.ECN account charges ＄3.5 for every transaction, but its spread is as low as 0.0pips.

Deposits & Withdrawals

The broker doesn't charge deposit fees or withdrawal fees. It supports six payment methods: Bank Wire, China Union Pay, Dragonpay, Help2Pay, Payment Asia, and Tether.

Copy Trading

This broker offers copy trading services for its clients.

B. Regulatory Status

What is a Legitimate License?

The legitimate license is the business license issued by the financial regulatory institution of each country/region.

Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under protection to some extent.

Whether a forex brokerage firm holds a legitimate license or not is one of the important factors in evaluating the reliability of forex brokers.

The regulation's content and the difficulty of obtaining a license vary by country and agency issuing the license.

The legitimate license of FPG

According to WikiFX, FPG operates under a strong regulatory frame.

2. The feedback from Social Media Platforms

FPG has official accounts on major social media platforms.

FPG at the Wiki Finance Expo held in Sydney in 2023

3. Special survey about FPG from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

FPG has been given by WikiFX a good rating of 8.58/10.

B. On-Site Survey

WikiFX has made an on-site survey on this broker and successfully found its office.

FPG joins in Wiki Finance Expo Sydney 2023.

4. Conclusion

All over, FPG is a sophisticated broker that offers excellent trading services to its clients. It is regulated and welcomed by many traders. It may be a good choice for you to start your trading journey. However, we still want to remind you of the potential risk in the forex trading. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.