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.

About Fullerton Markets
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is Fullerton Markets safe to trade?No
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

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. 

Fullerton Markets

 

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.

RankingFullerton MarketsGo MarketsHFM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading ConditionsTrading Instruments

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: 

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

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