Fortune: SEBI licence IN-DP-103-2015

No. No demo or practice account is mentioned anywhere on Fortune's website, and the terminals its clients use are supplied by the exchange rather than by the firm.

Fortune publishes no withdrawal processing time, and no minimum, maximum or payout fee either. That is not the same as free or immediate: its client agreement reserves bank and other processing charges on the periodic settlement of funds and securities.

Payouts go back to the client's own registered bank and demat account. Where an account goes a year without trading it is marked inactive and the balance is returned to the last known bank and demat account, with reactivation requiring a written request.

Fortune does not publish a brokerage rate. Its client agreement sets brokerage at the rate agreed with each client in the account opening documentation, capped at the maximum allowed under the exchange bye laws, and allows an increase on thirty days notice.

Brokerage is also exclusive of statutory and exchange charges, depository and bank processing charges, margin shortfall penalties and courier costs, and late payment of a margin obligation attracts charges of up to 2 percent per month. A quote has to be requested before the cost of trading is knowable.

Fortune publishes no minimum deposit for any of its accounts. What it does publish is an account opening charge, and its own client FAQ gives two different figures for it in the same document: a one time fee of Rs 116 in the answer about account opening charges, and an account opening cheque of Rs 750 in the document checklist.

Both figures come from the firm, so confirm the amount in writing before applying.

Exchange traded equities and derivatives on the Indian exchanges, held through a demat account. The firm is a CDSL depository participant and also offers mutual funds through a dedicated team.

For clients who prefer a managed arrangement it runs two portfolio management schemes, the Multicap Value Fund and the Quantitative Alpha Fund, for which no minimum investment or fee schedule is published.

No. Fortune is an Indian broking and portfolio management firm dealing in exchange traded equities and derivatives, with a depository participant arm and two portfolio management schemes. It publishes no foreign exchange or contracts for difference product.

None of the usual forex terms apply to it: its site carries no spread, no leverage cap, no swap free account and no currency pair list.

Fortune is the brand of Fortune Wealth Management Company India Private Limited, an Indian private limited company with corporate identity number U06599TZ2003PTC010836, operating from 1056 Avinashi Road, Coimbatore 641018.

That same company name appears on the account opening cheque the firm requests, on its bank mandates and on its UPI merchant records, so it is the entity a client contracts with and funds.

Yes, by telephone and email, in English. The number is +91 422-4334333 and the published addresses are info@fortunewmc.com for general enquiries, pms@fortunewmc.com for portfolio management and complaints@fortunewmc.com for grievances, all from the firm's office at 1056 Avinashi Road, Coimbatore 641018.

There is no live chat. An unresolved grievance can be taken to the regulator's own channels, the SEBI SCORES portal and the SMART ODR dispute resolution portal, both linked from the firm's website.

Fortune publishes no leverage cap. What its policies publish instead is margin: a 10 percent margin in the capital market segment where a client's gross exposure exceeds Rs 10,00,000, and the SPAN plus additional exposure margin calculated by the clearing corporation in the derivatives segment.

Those are exchange driven requirements rather than a house leverage ratio, and they are the figures to ask about before trading.

Funding is domestic and in rupees. Fortune publishes bank transfer to its ICICI Bank client accounts in Coimbatore, UPI through three merchant identifiers split between broking, depository charges and portfolio management, cheque, and demand drafts or banker's cheques, the last accepted only in exceptional cases for Rs 50,000 or more per day and only with issuing bank certification.

Money has to come from the client's own registered bank account, so third party funding is not accepted, and anything paid by a bank instrument is credited only once the funds are realised. No card, electronic wallet or cryptocurrency route is offered.

Fortune's clients trade on exchange supplied software rather than on a platform of the firm's own. Its client FAQ names the NSE Mobile App for mobile trading and NOW, the National Stock Exchange's online trading platform, for the browser, and its downloads page distributes the ODIN Diet and ODIN Branch desktop terminals for Windows.

Fortune offers no MetaTrader build. The downloads page serves branches and authorised persons as well as clients, so confirm with the firm which terminal a retail account gets.

Fortune states that it is registered with the Securities and Exchange Board of India, and it publishes those registration numbers on its own website: INZ000190535 for broking on the National Stock Exchange and the Bombay Stock Exchange, INP000008622 for portfolio management, and depository participant registration IN-DP-103-2015 with CDSL. Those registrations cover Indian exchange traded equities, derivatives, depository services and portfolio management.

They are not a foreign exchange or contracts for difference licence, and Fortune does not claim one. For protection in practice, the firm publishes a grievance address and the site routes unresolved complaints to the regulator's own SCORES portal and the SMART ODR dispute resolution portal.