CHINA FORTUNE SECURITIES Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Full license for MT4/5 trading platform
Multiple account type options available
Established since 2017 with a digital account opening process
Low WikiFX score indicating potential risks
Lack of biometric security features in trading software
Long customer service response times
Exposure platform: CHINA FORTUNE Its teacher earn profits by defrauding clients.
Established in 2017 and headquartered in New Zealand, China Fortune Securities has presented itself as an accessible brokerage, primarily targeting retail traders who desire simple digital access to various trading options. This brokerage boasts digital account openings with surprisingly low minimum deposit requirements and three distinct account types.
However, the appeal of low entry costs comes with significant caveats. Despite its modern offerings, potential users face serious risks, notably a concerning low safety score of 2.25 out of 10 on WikiFX, compounded by limited regulatory oversight. This duality highlights a critical trade-off in the market position of China Fortune Securities—it serves as an easy entry point for retail traders but simultaneously risks security and support, making it a less favorable choice for those prioritizing safety and regulatory compliance.
Be cautious: Before proceeding with any investment, it is essential to consider the following risks associated with China Fortune Securities:
How to self-verify your options:
| Dimension | Rating | Justification |
|---|---|---|
| Trustworthiness | 2 | Low regulatory score raises safety concerns. |
| Trading Costs | 3 | Competitive commission structure but hidden fees. |
| Platforms & Tools | 3 | Basic platform with limited advanced features. |
| User Experience | 2 | Mixed reviews on usability and customer support. |
| Customer Support | 2 | Long response times reported by users. |
| Account Conditions | 4 | Low minimum deposit and multiple account types. |
China Fortune Securities was founded in 2017, and has positioned itself in the competitive online brokerage market in New Zealand. While the firm caters to a wide array of retail traders, it faces considerable scrutiny due to its vulnerabilities in safety ratings, primarily influenced by its low regulatory delineation. The brokerage maintains that it is compliant with standards set by the Australian Securities and Investment Commission (ASIC), but it lacks the depth of oversight typically expected in the sector.
The brokerage primarily specializes in forex and CFD trading, leveraging the widely popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and customizability. China Fortune Securities offers a total of three account types: VIP, Standard, and Mini, which accommodate varying investment levels. These accounts demand initial deposits of $20,000, $3,000, and $50 respectively, allowing traders with different budgets to engage in trading activities. Cryptocurrencies are notably unsupported, which may deter traders interested in diverse asset classes.
| Feature | Details |
|---|---|
| Regulation | ASIC |
| Minimum Deposit | $50 (Mini Account Type) |
| Leverage | Up to 500:1 |
| Major Fees | Variable spreads, withdrawal fees may apply |
| Trading Platforms | MetaTrader 4 (MT4) |
| Customer Support | Phone/Email, long response times |
| Trading Instruments | Forex, CFDs |
The low WikiFX score of 2.25 raises flags regarding the trustworthiness of China Fortune Securities. As per various reviews, the lack of comprehensive regulatory oversight restricts the safety guarantees typically extended by other brokers. Potential clients should critically evaluate the licensing status and oversight claimed by the brokerage, especially concerning ASIC's regulations.
To ensure your investments are secure, consider taking the following steps:
"Dont just rely on the broker's claims; inspect and confirm through regulatory updates and competitor analysis." — Anonymous User Feedback
The previously mentioned low safety score significantly affects the brokerage's reputation within the investing community. Users have reported concerns regarding fund safety, further emphasizing the necessity for rigorous self-verification.
China Fortune Securities offers competitive trading costs, particularly appealing for those starting in forex trading. Detailed information suggests that the commission structure is favorable for active traders, making it cost-effective.
Hidden fees, especially on withdrawals, pose a significant hurdle. Some users have noted reports of withdrawal fees reaching $30, which can sap profits, especially if frequent transactions are involved.
"I initially found the fee structure appealing until I encountered unforeseen withdrawal fees that significantly cut into my trading results." — Anonymous Trader
For traders prioritizing lower initial costs, this brokerage provides a reasonable platform. However, the potential for hidden fees introduces a stark trade-off that could prove essential depending on the frequency and volume of trading activity.
The reliance on MetaTrader 4 makes trading straightforward for many. This platform supports a versatile environment with essential tools for executing trades but lacks certain modern features expected by more seasoned traders.
While MT4 provides adequate charting tools and market analyses, it lacks advanced analytics that can greatly assist experienced traders in making strategic decisions.
User feedback indicates mixed sentiments about the platform's usability. Though MT4 is known for customizability, some users have described a learning curve associated with navigating specific features efficiently.
“The MT4 platform is customizable, but finding basic functions often proves cumbersome. It took me longer than expected to adapt.” — MT4 User Review
The account opening process is digital and relatively intuitive. Users have highlighted the ease of setting up accounts, although ongoing engagement often brings concerns regarding support response times.
Users report that the execution of trades generally runs smoothly. However, any delays in platform response can quickly compound problems, especially during volatile market conditions.
Feedback highlights a split experience; while some appreciate the accessibility and interface of trading, many express significant concern regarding customer support delays exacerbated by low regulatory assurance.
Customer service options include both phone and email; however, users frequently report prolonged wait times.
Numerous user reviews illustrate frustrations with response times, making support an area that notably requires improvement in reliability and speed.
Users recommend that the brokerage prioritize enhancements to customer support, ensuring users are not left stranded during critical trading moments.
With three varying account types, China Fortune Securities affords traders flexibility but requires significant understanding of these offerings to leverage them entirely.
The requirements to open accounts range from as low as $50 for the Mini account to $20,000 for the VIP account, enabling access for different levels of traders but reflecting that higher tiers may wield greater control and features.
While the process of withdrawal is reportedly straightforward, the absence of clarity regarding associated fees has raised concerns. Traders must remain vigilant about any potential withdrawal fees linked to their accounts.
As potential investors weigh their options, a thorough assessment of China Fortune Securities' offerings against the inherent risks revealed by a low safety score will dictate whether this brokerage serves as a viable opportunity or a potential trap. For those with a strong risk appetite and an inclination for basic trading, the easy access might be appealing—but caution is certainly advised for anyone prioritizing regulatory security and robust support.
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