Fortune Broker Overview
Fortune is the trading and wealth management brand of Fortune Wealth Management Company India Private Limited, a broking and portfolio management firm based at 1056 Avinashi Road, Coimbatore 641018, in Tamil Nadu, India. It serves Indian clients in the equity and derivatives segments of the domestic exchanges, acts as a depository participant, and runs a portfolio management service. It is not a retail foreign exchange or contracts for difference broker, and it publishes none of the spread, leverage or currency pair offering that such a broker would.
Trading runs on exchange supplied software rather than on the firm's own build, account opening is a document based process handled from the Coimbatore office, and funding is domestic: rupee bank transfers, UPI and cheques. Brokerage is negotiated with each client in the account opening documentation rather than published as a rate card.
Fortune Regulation and License
Fortune publishes its Indian market registrations in the footer of its own website. For broking it gives SEBI registration number INZ000190535 for the National Stock Exchange and the Bombay Stock Exchange, with member codes NSE ID 12038 and BSE ID 6255. For portfolio management it gives SEBI registration number INP000008622. As a depository participant it gives DP 12041600 with CDSL registration IN-DP-103-2015.
These are Indian securities market registrations under the Securities and Exchange Board of India framework, covering exchange traded equities and derivatives, depository services and portfolio management. They are not a foreign exchange or contracts for difference permission, and Fortune claims none.
Is Fortune Regulated?
Fortune states that it is registered with the Securities and Exchange Board of India, and publishes registration numbers for broking, portfolio management and depository services on its own site. Those registrations govern Indian exchange traded products and nothing wider. A reader who arrived here expecting a foreign exchange broker should note that Fortune publishes no forex or CFD permission and offers no such product, so none of the leverage, spread or swap terms of that market apply to it.
Fortune Wealth Management Company India Private Limited
The operating company behind the Fortune brand is Fortune Wealth Management Company India Private Limited, an Indian private limited company registered under corporate identity number U06599TZ2003PTC010836 and addressed in Coimbatore. The same company name appears on the account opening cheque the firm asks for, on its bank mandates and on its UPI merchant records, so the counterparty a client funds is that Indian company.
Fortune Account Types
Fortune opens three things for a client, and none of them is a forex style tier with a published minimum deposit and leverage cap. A Trading Account gives access to the equity and the futures and options segments. A Demat Account holds the securities and can be opened with the firm's own CDSL depository participant or with an external one. A Portfolio Management Service relationship is the managed route, and the firm names two schemes for it, the Multicap Value Fund and the Quantitative Alpha Fund.
No minimum deposit, minimum investment or leverage figure is published for any of the three, and no demo account is offered. The firm's own client FAQ gives two different account opening charges in a single document: a one time fee of Rs 116 in the answer on account opening charges, and an account opening cheque of Rs 750 in the accompanying document checklist. Both figures come from the firm and neither should be read as settled. Activation is stated as one day once the documents are in, and a futures and options application additionally needs a self attested bank statement covering six months and dated within ten days of the application.
Fortune Spreads, Commissions and Fees
Fortune does not publish a brokerage rate. Its client agreement provides that brokerage is applied at the rate agreed with the client in the account opening documentation, that it will not exceed the maximum permitted under the exchange bye laws, and that it may be increased on thirty days notice to the client's registered address. A prospective client therefore has to ask for a quote before the cost of trading is knowable.
Brokerage is also exclusive of a long list of further charges set out in the same agreement: account opening charges, statutory charges payable to the exchanges, the regulator and the government, turnover and clearing charges, margin shortfall penalties in the derivatives segment, exchange penalties, delayed payment charges, depository and bank processing charges on the periodic settlement of funds and securities, depository account charges, and postage and courier costs. Delayed payment on a margin obligation attracts charges of up to 2 percent per month, debited monthly.
Fortune Leverage
Fortune publishes no leverage cap. What it publishes instead is margin. In the capital market segment its policy applies a margin of 10 percent where a client's gross exposure exceeds Rs 10,00,000, and in the derivatives segment it applies the SPAN and additional exposure margin calculated by the clearing corporation. Those are exchange driven requirements rather than a house leverage ratio.
Fortune Trading Platforms
Fortune's clients trade on exchange supplied software. Its client FAQ names the NSE Mobile App for mobile trading and NOW, the National Stock Exchange's online trading platform, for the browser. Its downloads page distributes the ODIN Diet and ODIN Branch terminals for Windows, with dated installer updates through September 2026. That page appears to serve branches and authorised persons as much as clients, so confirm with the firm whether a retail client gets the ODIN desktop terminal. Fortune offers no MetaTrader build and no platform of its own.
Fortune Deposits and Withdrawals
Funding is domestic and rupee denominated. The firm publishes three ICICI Bank client accounts at its Trichy Road branch in Coimbatore under IFSC codes ICIC0000106 and ICIC0000016, and three UPI identifiers collected through ICICI Bank eazypay, one for equity and futures and options, one for depository charges and one for portfolio management payments. Cheques are accepted, and the account opening payment is made that way. Demand drafts, pay orders and banker's cheques of Rs 50,000 or more per day per client are accepted only in exceptional cases, and only with certification from the issuing bank identifying the account debited.
Two conditions matter more than the list of routes. Money must arrive from the client's own registered bank account, because the firm's accounts department is required to verify that electronic transfers come from the account the client declared, so third party funding is not available. And credit for anything paid by a bank instrument is given only on realisation of the funds, at the firm's discretion. No deposit or withdrawal fee, minimum, maximum or processing time is published anywhere on the site, which is not the same as those being free or immediate: the client agreement reserves bank and processing charges on the periodic settlement of funds and securities, and on cheques returned unpaid. Where an account goes a year without trading it is marked inactive and the balance funds and securities are returned to the client's last known bank and demat account, with reactivation requiring a written request.
Fortune Support
Fortune is reachable by telephone on +91 422-4334333 and by email at info@fortunewmc.com for general enquiries and pms@fortunewmc.com for portfolio management, from its Coimbatore office. Grievances go to complaints@fortunewmc.com or the same telephone number, and the site also directs clients to the regulator's own channels, the SEBI SCORES portal and the SMART ODR dispute resolution portal. Correspondence is in English.
Fortune Pros and Cons
The strengths are the registrations the firm publishes for broking, portfolio management and depository services, a single named Indian operating company at a stated address, an identifiable grievance route that leads to the regulator's own portals, and funding restricted to the client's own bank account.
The limitations are commercial opacity rather than anything exotic. Brokerage is not published and has to be negotiated, the firm's own FAQ carries two different account opening charges, no minimum deposit, leverage figure, withdrawal timescale or payout charge is published, there is no demo account, and trading depends on exchange supplied software distributed partly through branches. Eligibility as the firm states it runs to Indian resident and non-resident individuals and Indian corporates, so this is a domestic service rather than an international one.
Fortune Review and Assessment
Fortune is a domestic Indian broking and portfolio management firm rather than an international forex broker, and it is best judged on that basis. It publishes the registrations expected of an Indian intermediary, names a single operating company, and gives a grievance route that ends at the regulator. The practical difficulty for a prospective client is that very little about cost is knowable in advance: brokerage is set in the account opening paperwork, the two account opening figures in the firm's own FAQ disagree, and no payout charge or processing time is stated while the client agreement reserves the right to levy charges. Asking for the brokerage schedule, the depository charges and the payout timetable in writing before funding an account is the step that matters most here.
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