On-line since: About the company: Established in 1994, Fortune Securities Ltd (FSL) has become one of the leading members of the Karachi Stock Exchange (the largest of the three Pakistani stock exchanges). FSL offers brokerage and advisory services to its retail and institutional clients. Fortune Securities is registered with the National Commodity Exchange Limited (NCEL). The NCEL is regulated by the Securities and Exchange Commission of Pakistan (SECP). SECP supervises and regulates brokers, insurance companies, and non-bank financial companies. SECP does not impose any requirements on the broker's assets. Besides, there are no compensation programs for investors. Brokers, under SECP, are required to keep their clients' money and securities in segregated accounts. This requirement was introduced so that the company could not use the clients' money for their own purposes and benefits. If you plan to invest a large amount of money, it is more preferable to look for companies with stricter regulation. FSL subsidiary Fortune Islamic offers the Islamic business support services. Trading conditions You can start working by depositing PKR 25,000 ($237.20). A trader can open an account with shares or securities with a minimum deposit of PKR 5,000. The registration of a new user usually takes 4-6 business days, but it can take up to two weeks. The company is a partner of the world's largest consulting firm ASHLAND and Partners, based in the United States. FSL strives to provide advisory services to investment managers. Educational program The company conducts training programs in the following areas:
Customer service To gain additional information, you can contact the customer service via phone or e-mail. FSL claims to have a highly qualified and experienced institutional team of specialists with knowledge of the markets. Payment methods You can deposit money via bank transfer, check, or cash at offices located in Karachi, Pakistan. Pros:
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My approach to FSL is completely professional. I have invested $500 dollars and started trading with them. Till now I have experienced fixed spreads, the fastest execution and no reqoutes. Therefore, I have earned $580. Overall I face no more slippage. I have withdrawn $300 through the Binance account which I have got within the same day. Overall, my trading experience with FSL is comfortable.
I have dealt with FSL for nearly four months. In the beginning, everything smelled fine. They allow me to withdraw money within the same day, but recently they have been trying to cheat on me. On 23 May, I submitted a $470 withdrawal request they did not approve it yet. When I emailed their customer service, they always replied that they would process it within tomorrow. I think they are trying to mislead me. Right now, I'm still waiting for them to give my withdrawal, but I have no idea until when I should wait for more
I cannot say anything bad about FSL broker. I have been trade with them regularly and I'm really satisfied with their service. The platform interface is outstanding, and functionality is so easy to use. Qualified technical support, forum is large and active. I'm very satisfied.
Lately, I have been having trouble with the order execution. The platform is always delayed in executing the trades and it often malfunctions. I already spoke with a representative but it does not seem like they are going to do anything about it.
I don't have a satisfactory experience with FSL. I have to tell to all of you that I was regret and will never join Atom8 again for the future. They didn't want to accept my request to withdraw. They have stolen my money. I don't think I would be able to stay with this broker for quite a long time. My trades go against me.
FSL Brokers has fixed spread and perfect execution on the MT4 platform, So I've tremendous success in scalping at the market, I can manage my investment to reach $1K. I have several withdrawals through Skrill account. So I am satisfied with Pakistani FSL Brokers so far.
To be honest, I am disappointed with the services that FSL offers. Their platform is terrible. I tried to report the issue to the company but they are ignoring it. The platform frequently crashes and I can no longer make any decent trade.
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