Reviews of Stock Brokers

Fortune Trading

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Fortune Trading, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Fortune Trading founded in 2004 by Mr. K. Narayana Moorthy is a Public company headquartered in Chennai India. As a Discount Broker, Fortune Trading aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Fortune Trading operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewFortune Trading
Broker TypeDiscount Broker
Type of companyPublic
FoundersMr. K. Narayana Moorthy
Foundation Year2004
Supported ExchangesNA
Total branchesNil

Fortune Trading Account opening charges

To begin trading with Fortune Trading, you need to open a trading account and a Demat account. Fortune Trading charges Rs.525 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesFortune Trading
Trading Account Opening ChargesRs.525
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyYes
Offline to Online ChargesYes

Fortune Trading Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Fortune Trading brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesFortune Trading
Equity Delivery BrokerageRs.20 per order
Equity Intraday BrokerageRs.20 per order
Equity Futures BrokerageRs.20 per order
Equity Options BrokerageRs.20 per order

Currency Brokerage Charges

Currency Brokerage ChargesFortune Trading
Currency Futures BrokerageRs.20 per order
Currency Options BrokerageRs.20 per order

Commodity Brokerage Charges

Commodity Brokerage ChargesFortune Trading
Commodity Options BrokerageNA

Fortune Trading Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesFortune Trading
Minimum Brokerage ChargesRs.20
Transaction Brokerage Charges0.0019%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.01% of Total Turnover
Call and Trade ChargesNA

Fortune Trading Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Fortune Trading:

Equity LeverageFortune Trading
Equity DeliveryZero
Equity IntradayUpto 15x
Equity FuturesUpto 15x
Equity OptionsZero

Fortune Trading Currency Leverage

Currency LeverageFortune Trading
Currency FuturesZero
Currency OptionsZero

Fortune Trading Commodity Leverage

Equity LeverageFortune Trading
CommodityUpto 10x

Fortune Trading Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersFortune Trading
Free Stock Trading AccountNo
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Fortune Trading Features

FeaturesFortune Trading
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)No
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 15x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

Fortune Trading Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesFortune Trading
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Fortune Trading Trading Platforms

The Fortune Trading trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Fortune Trading Trading Platforms

Desktop Trading PlatformsFortune Trading
Desktop BrowserYes

Fortune Trading Mobile App

The Fortune Trading mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppFortune Trading
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Fortune Trading Web Trading

For web-based trading, Fortune Trading offers a powerful trading website known as Fortune Trading trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Fortune Trading Trade Terminal

Fortune Trading offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Fortune Trading Customer Support

Customer SupportFortune Trading
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportYes
Email SupportYes
Chat SupportYes
Toll free numberNo
Support Branches0

Fortune Trading Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Fortune Trading.

BSE ComplaintsFortune Trading
BSE Complaints68
BSE Resolved Complaints27
Percentage of resolved BSE complaints39.71 %
NSE Complaints106
NSE Resolved Complaints73
Percentage of resolved NSE complaints68.87 %
BSE/NSE Complaint vs. Resolved Percentage54.29 %


In conclusion, Fortune Trading offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Fortune Trading can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.