Fortune Yields has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm stating they are FCA registered when not - Breach of s24 FSMA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.fortuneyields.com.
Fortune Yields seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Portfolio tracking tools|Economic calendar|Transparent fees|Competitive fees
Cons: Some tools only available on higher tiers|Nothing significant
Fortune Yields had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Good mobile app|Clean UI|Easy withdrawals
Cons: No dark mode on mobile
I wanted to transfer my portfolio from another broker to Fortune Yields. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Social trading features|Wide product range|Multi-currency support|Economic calendar
Cons: Would like more payment methods|Limited ETF selection
The so-called education at Fortune Yields is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since last summer thinking they would help me learn.
Pros: Intuitive for beginners|Market news feed|Easy withdrawals|Excellent charting
Cons: Research section could be deeper