It is not likely to solve your problem.
Use the "options" argument to fmincon. You can use optimset() to construct the appropriate structure.
For debugging purposes, try setting
'Diagnostics', 'on'
'Display', 'notify-detailed' (or perhaps even 'iter-detailed')
'FunValCheck', 'on'
You may wish to adjust some of the other options as well. Adjusting the maximum iterations MaxIters is not likely to help you, as the default is 400 or 1000 (depending on algorithm), much larger than the 50 you are reporting.