Fullerton Markets is not yet a very well-known name in the trading environment. Meanwhile, the broker does not despair and actively encourages clients to register on its platform. It promises excellent trading conditions and a variety of tools. However, is it definitely not a scam? Let’s check the company for honesty and find out what reviews traders leave.
- Fullerton Markets General Information
- Registration and Client Portal Review
- Fullerton Markets Trading Conditions
- Account Types Review
- Trading Platform
- Fullerton Markets — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Fullerton Markets a Scam?
- Legal Information and License
- Fullertonmarkets.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Fullerton Markets General Information
| Website | https://www.fullertonmarkets.com/ |
| Phone Number | +44 20 3808 8261 |
| support@fullertonmarkets.com | |
| Address | Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, St. Vincent, and the Grenadines |
| License | — |
| Minimum Deposit | $100 |
| Assets | CFDs |
| Leverage | 1:500 |
| Trading Platform | MT4, MT5 |
Registration and Client Portal Review
The official Fullerton Markets website is made according to a standard template. On the main page, you can find a lot of self-promotion and descriptions of the advantages of cooperation with this broker.
There are also several awards placed here, which, according to legend, the broker received. However, no links to these awards and results are provided. Therefore, all awards need to be additionally checked. Maybe it’s a hoax.
Registration on the site is simple. It is enough to enter a full name, select a country, and fill in the fields with a phone number and email. Also, you can fill in the promo code field. Come up with the password.
After registration, you will receive a confirmation link to your email. Click on it to get access to your personal account. Then you will need to choose the platform, account type, and leverage. Also, answer a few personal questions.
You will get access to all the functions of your Client Area only when you upload the documents and pass verification.
Fullerton Markets Trading Conditions
We did not notice any outstanding advantages of this broker. Fullerton Markets offers the most usual trading conditions. Among the trading instruments are CFDs for different types of assets.
Account Types Review
Fullerton Market does not describe accounts on its website. Although in your personal account, you can see that there are several types of them. However, they differ mainly in spreads. As we mentioned, you can also choose leverage in your Client Portal. Apparently, these are all the characteristics that types of accounts have. For everyone, there is a minimum deposit of $100 and access to educational materials. Nothing is mentioned about additional services in the account types.
Trading Platform
Like many good brokers, Fullerton Markets opted for platforms from MetaQuotes. Clients are offered to use the MetaTrader 4 and MetaTrader 5 terminals. You can download the installation file to your PC directly from the broker’s official website. Also, you can download the app to smartphones in the AppStore or PlayMarket. MetaTrader is a suitable terminal for both experienced market participants and beginners. It is fast and functional. Many traders appreciate its services, including in-built analytics.
Fullerton Markets — Deposit and Withdrawal of Funds
Fullerton Market offers several payment methods, including the following.
- Credit cards. The minimum deposit is $100. Available currencies are USD, EUR, and SGD. The broker will cover the fees.
- Sticpay. The conditions are the same as in the previous option. Fullerton Markets will cover the commissions.
- Electronic wallets Skrill, Neteller, and FasaPay. Additionally, it is specified that for Bitcoin, the minimum withdrawal amount is $100.
- Bank transfer. Here, the broker sets a minimum deposit amount of $200. Also, the minimum withdrawal amount is $200.
Fullerton Markets promises to process applications for withdrawal of money within 1-2 business days.
Verification
As we have already mentioned, verification on the platform is necessary. Fullerton Markets asks you to confirm your identity and residential address. To do this, you can upload several suitable documents to your Client Portal. A passport, ID card, or driver’s license will suit. To confirm the address, provide a utility bill or a bank statement.
Additional Options
Fullerton Markets has no deposit bonus. However, it offers its customers to become members of the affiliate program. In this case, the trader will receive interest from the transactions of the referrals or payment for their deposit. More detailed terms of this type of cooperation depend on which partnership model the client chooses. Awards sizes are not described in detail. To clarify this thing, contact the managers.
Fullerton Markets also has a copy trading system called CopyPip. The broker offers to choose from 300 strategies presented by experienced traders and make deals after them.
Is Fullerton Markets a Scam?
The broker literally on every page of the site convinces us that it is reliable. However, you can’t take anyone’s word for it. Literally, every fraudster describes itself as the best trading company in the world. Therefore, we will check whether Fullerton Markets is worth trusting.
Legal Information and License
The broker’s legal address did not please us very much. We checked the Terms and Conditions and found that the company is registered offshore. Fullerton Markets decided to choose the jurisdiction of Saint Vincent and the Grenadines. It is a small island in the Caribbean where thousands of brokers are registered. Why do they love this country so much? Due to the lack of regulation and tax breaks, of course. The local regulator FSA warns that it does not issue licenses to brokers. So, Fullerton Markets works without any supervision of authoritative bodies.
Fullertonmarkets.com Domain Info
Fullerton Markets has been around for quite some time. In Saint Vincent and the Grenadines, the company was incorporated back in 2017. However, the domain was registered even earlier, in 2015. That is quite a long period of work for a broker. That means that the hero of our review has already earned quite a solid capital. Therefore, there is no problem to establish a legal entity in a more transparent jurisdiction. Meanwhile, even after so many years, Fullerton Markets prefers offshore.
Contacts Review
Among the broker’s contacts, you can find a phone number and an email. As for the office, we are not sure if there really is a ground headquarters at this address. Companies are usually registered remotely in Saint Vincent and the Grenadines, just nominally receiving an address.
More Details
Fullerton Markets says it has a compensation fund. Really, the broker is a member of the Financial Commission. However, don’t let that mislead you. First, the Financial Commission is a self-regulating organization. It decides alone whether to satisfy the traders’ petition. Second, there are many well-known cases when traders were deceived by The Financial Commission together with the broker. They just didn’t get their money back, even though they should have. Third, the compensation fund for one person is only 20 thousand dollars. Even if you earn more, a large amount will not be refunded to you.
Pros and Cons
- Great trading platforms.
- Islamic account.
- Offshore legal registration.
- No license.
- Poor additional services.
- Negative reviews.
- Low popularity.
You should not choose Fullerton Markets for several reasons, including offshore registration and the lack of a license. Besides, the broker cannot boast of exceptional trading conditions. There are many licensed companies with better offers for customers.
Frequently Asked Questions (FAQ)
The broker offers CFD trading, copy trading, and participation in the affiliate program.
You only need $100 to start trading with this broker. Or you need $200 if you choose to deposit by bank transfer.
No, it’s an offshore company that is not regulated.
In general, not bad. But not something exceptional
I can’t say that Fullerton Markets is the best broker I’ve ever worked with. There are advantages here. But I also highlighted the disadvantages for myself. I’ll start with the positive. Active trading here is surprisingly easy. There are enough tools. The trading platform (I use MetaTrader 5) works well, without failures. But to be honest, I need more assets. Transaction copying services are also questionable. I would not recommend CopyPip to beginners. Traders are not tested, as they tell you.
Do not count on the Fullerton Markets help
I confess honestly. I allowed myself to be persuaded and invested $500. Being unfamiliar with trading, I counted on the help of managers. However, as a result, the amount on the account began to decrease rapidly. No one helped me with anything, although they promised. When I wanted to withdraw the remaining $100, they didn’t give me the money to take it. There were some problems with my verification.
With this broker, you will have problems in the trading process
I tried to buy Amazon shares. The terminal is lagged! I put the order in. And guess what? Nothing was closed automatically. What kind of joke is this? There is no desire to work with them further.