Archives: Brokers

Is Fullerton Markets Scam or Legit Broker?

Fullerton Markets is not a safe broker as it does not hold any serious license. On its website, the broker provides its address (Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, St. Vincent, and the Grenadines) which shows it is registered in St. Vincent and the Grenadines and does not provide proper safety terms and conditions. 

• Saint Vincent and the Grenadines (SVG) is a popular offshore jurisdiction for forex brokers due to its low set-up requirements and minimal regulation. However, the lack of regulatory oversight and lax requirements can also lead to potential risks for traders who choose to sign up with brokers registered with the SVG Financial Services Authority.

What is Fullerton Markets?

Fullerton Markets is a forex broker, offering also CFDs trading. Fullerton Markets is a forex broker that offers a variety of trading instruments to its clients, including currency pairs, indices, precious metals, and oil. Forex currency pairs are the main focus of the broker, with over 100 pairs available for trading, including major, minor, and exotic currency pairs.

• Although Fullerton Markets tries to position itself as a favorable broker with good conditions, it is not a regulated broker. It only holds an offshore license that does not provide full protection to its traders.
• Although being registered in an offshore zone, Fullerton Markets mentions segregated accounts. In reality, the segregation of accounts is a benefit that enjoys traders that sign with regulated brokers. Top-tier authorities, such as UK FCA, ASIC, and other well-known bodies require this from the brokers. However offshore brokers mostly do not have the benefit of segregated accounts.
• Fullerton Markets does not accept customers from Iran, Cuba, Sudan, Syria, and North Korea. The broker states on its website, that it follows the same rules that are applied in Hong Kong, Singapore, Japan, and the United Kingdom. 
• Besides, when having a better look, there are many negative reviews about the broker, especially where withdrawal is concerned. 
•  To avoid risks in trading, it is better to find a reliable broker with a license from a top-tier regulatory body. 

Overall Fullerton Markets Ranking

During our research we found issues regarding Fullerton Markets safety and regulations, thus we do not rank positively Fullerton Markets, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Fullerton Markets Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Fullerton Markets Alternative Brokers

Based on our finds and issues with the safety of Fullerton Markets here are much better Alternatives to Fullerton Markets with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• AvaTrade – Good for Currency trading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks
• FXTM – Good for Beginners

Deposits and Withdrawals

 It is possible to fund the accounts with multiple options, including MasterCard, Sticpay, Visa, and MasterCard bank cards; electronic payment systems such as Skrill, Neteller, FasaPay, etc.

• Funding a trading account takes about 1 business day. Bank transfers might take 2-5 business days.

• Withdrawal requests are finalized within 1 business day, while funds are transferred within 2-4 days.

Fullerton Markets Review Conclusion

We always recommend avoiding offshore and non-regulated entities. We advise firms to trade and invest only with brokers that are regulated by reputable authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as BlackBull Markets, XM, and BDSwiss. 

• Overall ranking and experience for Fullerton Markets is Negative

Is Eternal Wealth Group Scam or Legit Broker?

Eternal Wealth Group is a 100% fraud company. Although the broker claims to be regulated by ASIC under registration number 427848, in reality, there is no such entity registered by ASIC.

• We never advise trading with an unregulated broker, since the financial investment service they deliver is not trustable. The reason is simple; the broker promises competitive trading or a favorable trading environment, while the trader has no guarantee at all. Traders should trust their funds only to companies overseen by top-tier authorities.

What is Eternal Wealth Group?

Eternal Wealth Group is a forex platform provider. It seems the broker provides its services by two different names and websites - eternalwealthfx.com and fxtrading-hk.com. Both are unregulated companies with identical websites and the same information about fake regulations.

• The broker claims to have branches in the US and Hong Kong. However, for providing services in the mentioned locations, a broker needs to hold licenses from these country financial authorities - NFA and Hong Kong SFC (Read on the Wikipedia Page). Evidently, Eternal Wealth Group does not hold any of the mentioned licenses.
• Besides, for a broker operating since 2007, it does not have any reviews or any other kind of feedback from its clients, which looks quite suspicious and not very trustworthy. On the other hand, many of the leading world authorities, such as the Australian Securities and Investments Commission (ASIC) have already issued their warnings in regard to Eternal Wealth.
• In addition, there are many negative reviews on different platforms from people who have trusted their funds to the broker and lost their investments. Traders claim that they got favorable offerings to invest with the broker, after which both their funds and the contact person evaporated.

Eternal Wealth Group Review Conclusion

Based on our research, we claim Eternal Wealth Group to be a complete scam. It goes without saying that traders should avoid brokers like this by any means. We recommend signing in with only regulated and reliable brokers that hold licenses from well-known authorities, such as CySEC, FCA, or ASIC. Also, we advise trustworthy brokers such as HFM, FP Markets, and BlackBull Markets.

Eternal Wealth Group Update

Based on our research, the Eternal Wealth Group website is inactive. This means the broker has muted its trading offerings and does not operate. However, we recommend avoiding and staying alert in case of any proposals.