Fullerton Markets Review |
|
| 📅 Year founded |
2015 |
| 📈 Multiple top-tier regulation |
No |
| 📍 Headquarters |
Kingstown, Saint Vincent and the Grenadines |
| 🌍 Country of regulation |
Saint Vincent and the Grenadines |
| ✅ Regulators |
N /A |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$100 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Cryptocurrencies / Stocks |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Sticpay / Skrill / Neteller / Fasapay / Cryptocurrencies |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Net Deposit Bonus / Losable Bonus Campaign / KryptoPips Loyalty Program / Accelerator Bonus |
| 💰 Account Currencies |
USD / EUR / SGD |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
MAM / ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
$5 USD per month after 6 months of inactivity |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
47 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
140 + |
| 📙 Education |
Blog / Videos |
WHAT IS FULLERTON MARKETS?
Fullerton Markets is a globally recognised online broker specialising in forex and a variety of other financial instruments.
Established in 2016 and headquartered in Saint Vincent and the Grenadines, it has grown to provide comprehensive trading solutions to clients worldwide.
Although Fullerton Markets is not regulated by any top-tier financial regulatory authority, it has managed to build a strong reputation within the industry for its reliability and service quality.
The broker stands out for its commitment to delivering an exceptional trading experience through robust technological infrastructure, competitive trading conditions and a transparent business model. Fullerton Markets leverages advanced security protocols to ensure the safety of client funds and personal information, despite the lack of formal regulatory oversight.
Fullerton Markets’ business model is based on offering direct market access, ensuring that clients receive the best possible trading conditions without interference. The firm’s reputation is further bolstered by its proactive approach to customer service and a wide range of trading resources that cater to both novice and experienced traders.
While the absence of regulatory oversight might be a concern for some potential clients, Fullerton Markets’ operational history and industry reputation provide a certain level of reassurance regarding its practices and stability.
INTRODUCTION
Fullerton Markets provides a wide array of trading options that cater to a diverse global audience, with offerings that include forex, indices, commodities, cryptocurrencies and stocks.
The geographical location of its headquarters places Fullerton Markets outside the jurisdiction of stringent regulatory bodies, which allows it some flexibility in the trading conditions it can offer.
Despite the lack of a traditional regulatory framework, Fullerton Markets has made significant strides in building its reputation through strong customer service, competitive trading conditions and a commitment to transparency and security.
The broker’s broad selection of trading instruments makes it a versatile choice for traders seeking to diversify their investment portfolios.
Whether a potential client is interested in the volatile nature of cryptocurrencies, the traditional stability of blue-chip stocks, the dynamic forex markets or commodities and indices that reflect underlying economic trends, Fullerton Markets provides the platforms and tools necessary for effective trading.
PROS & CONS
PROS
- Comprehensive educational tools.
- Wide range of trading account options available to its traders.
- Innovative social and copy trading services featured in its proprietary CopyPip App.
- Competitive costs compared to the rest of the market.
CONS
- Limited regulatory oversight from a top-tier financial authority.
- Restricted services in some major countries.
TRADING INSTRUMENTS
Fullerton Markets offers a comprehensive suite of trading instruments, catering to a wide range of investment preferences and strategies. This diverse offering ensures that traders of all experience levels can find markets that align with their trading goals and risk tolerance.
Forex
Fullerton Markets provides traders with access to a wide array of major, minor and exotic currency pairs. Forex trading is central to their offerings, featuring competitive spreads and leverage up to 500:1.
The broker offers over 47 currency pairs, ensuring traders are not short of options.
Indices
Traders can also invest in some of the world’s leading indices through CFDs (Contracts for Difference). This includes indices from the USA, Europe, Asia and Australia, allowing traders to speculate on the performance of the broader equity markets without owning the underlying assets.
Commodities
Fullerton Markets offers a variety of commodities for trading including precious metals like gold and silver, as well as energies commodities such as crude oil. Commodities trading is often used as a hedge against inflation or to capitalise on changes in supply and demand dynamics within the global markets.
Cryptocurrencies
With the rise in popularity of digital currencies, Fullerton Markets has incorporated cryptocurrencies into its trading portfolio. Traders can engage with popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and others.
The broker’s commitment to technological advancement is evident in their provision of over 20 major cryptocurrency pairs.
Stocks
The availability of stock CFDs allows traders to speculate on the price movements of individual company shares without the need to own the actual stocks. This includes some of the biggest global companies across technology, finance and consumer goods sectors.
The broker does, however, have a fairly limited selection of stocks on offer, with less than 100 different options being available.
By offering a fairly broad range of trading instruments, Fullerton Markets enables its clients to diversify their investment portfolios extensively. This diversification can potentially spread risk and increase the opportunity for profits across various asset classes.
TRADING PLATFORMS
Fullerton Markets offers two of the most powerful and widely acclaimed trading platforms in the industry, MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are favoured by traders worldwide due to their advanced functionalities, user-friendly interfaces and extensive customization options.
MetaTrader4 (MT4)
MT4 remains one of the most popular trading platforms in the forex market, known for its robust features, reliability and ease of use. Fullerton Markets provides MT4 as a core offering due to its comprehensive toolset which include advanced charting tools, automated trading, a user-friendly interface and various communication tools.
MetaTrader5 (MT5)
As the successor to MT4, MT5 includes all the admired features of its predecessor but with additional capabilities designed to offer traders more power, better performance and increased flexibility. Key features of MT5 include the addition of multi-asset trading, more technical indicators and further advanced charting tools, an enhanced order management system and an improved strategy tester for Expert Advisors (EAs).
Both platforms are available on desktop and mobile devices, providing traders with the flexibility to trade from anywhere at any time. Fullerton Markets ensures that these platforms are equipped with the latest technological advancements and security measures to provide a safe, reliable and efficient trading environment.
By offering both MT4 and MT5, Fullerton Markets caters to a broad spectrum of trading preferences and strategies, reinforcing its commitment to providing top-notch trading services.
ACCOUNT TYPES
Instead of the traditional account type structure, Fullerton Markets offers a unique approach to catering to different trader needs through various spread types.
This model allows traders to select an account setup based on their preferred spread configuration, which can significantly influence trading strategies and cost-efficiency.
Variable Spreads
Variable spreads adjust based on market conditions and are typically wider during periods of low liquidity or high volatility. This account type is suitable for traders who are looking to keep their costs low and don’t require precision entries.
The spreads offered are variable and can be as low as 0.1 pips, depending on the instrument traded. Additionally, no commission fees are charged on this account type.
Raw Spreads
Raw spreads are ultra-tight, close to the actual market prices available from liquidity providers, with no markups. These spreads can often be as low as 0.0 pips and are transparently linked to the conditions of the interbank trading environment.
This account type is suitable for traders requiring precise entries as the spreads can be from as low as 0.0 pips, with raw spreads often being offered. Additionally, commissions are charged on this account type from $8 USD per lot traded.
Pro Spreads
Pro spreads is essentially Fullerton Markets’ version of an Islamic or swap-free account. This account type enjoys similar benefits to the Variable spreads, however, there are no swap-fees charged while spreads enjoy a fairly low mark-up.
By providing these three spread types, Fullerton Markets allows traders to choose a trading cost structure that best suits their trading style and strategy.
This flexible approach helps cater to a diverse clientele, from those who are cost-sensitive and prefer to trade without commissions, to those who seek the tightest spreads possible for high-frequency, short-duration trades.
HOW TO OPEN AN ACCOUNT
Opening an account with Fullerton Markets is straightforward and can easily be done via the broker’s website. Firstly, potential customers are required to register with the broker, before providing all the relevant KYC documents required by the broker.
Once these documents have been verified, traders may choose the type of spread they wish to access, deposit funds and begin trading.
DEMO ACCOUNT
The broker offers a demo account which simulates the trading environment they provide with virtual money. The demo account offers new traders the opportunity to experience Fullerton Markets’ trading environment before deciding to sign up with the broker.
Additionally, the demo account is a great tool for new traders to learn and for experienced traders to test new strategies before implementing them on their live accounts.
SOCIAL TRADING AND COPY TRADING
Fullerton Markets excels in social trading and copy trading features, allowing less experienced traders to replicate the trades of successful traders automatically.
In addition to the social trading and copy trading features on offer via the MT4 and MT5 platforms, the broker also provides its own proprietary copy trading app, the CopyPip App.
This app allows Fullerton Markets’ clients to choose from over 300 strategy providers to follow, allowing them to copy the trades of professional traders onto their own live accounts. This is perfect for new traders or traders looking to trade more passively.
COMMISSIONS AND FEES
The broker’s fee structure includes spreads and commissions which vary by spread type. Only the Raw Spreads account charges a commission which is fixed at $8 USD per lot traded.
The other two account types do not charge any trading fees, as these are built into the spread offered by the broker. Additionally, the Pro Spreads account does not charge any swap-fees.
The broker does charge an inactivity fee of $5 USD per month, which is fairly low and is only applicable after 6 consecutive months of inactivity.
LEVERAGE
Fullerton Markets offers its traders variable leverage which can easily be adjusted once an account is opened. The broker provides a maximum leverage of up to 500:1, depending on the instruments traded.
Traders should always be aware of the risks associated with using leverage, as it can increase both potential profits and losses.
WITHDRAWALS AND DEPOSITS
The platform supports multiple deposit and withdrawal methods including bank transfers, credit and debit cards, eWallets like Skrill, Neteller and Fasapay, Sticpay and various cryptocurrencies. Withdrawal requests are processed within 24 hours but might take longer depending on the payment method.
Additionally, the broker does not charge any deposit or withdrawal fees, ensuring their clients’ costs are kept to a minimum. It must be noted that the broker does have a minimum withdrawal amount, depending on the withdrawal method used.
CUSTOMER SERVICE
Fullerton Markets provides customer service through various channels including live chat, email and phone support. The service is available 24/5 and supports multiple languages.
The broker has also received various positive customer reviews regarding the support and efficiency of the customer service team, highlighting the broker’s commitment to providing excellent services to its clients.
SAFETY AND SECURITY
Although Fullerton Markets is not overseen by any top-tier regulatory body, the broker has consistently demonstrated a commitment to the safety and security of its clients’ funds and personal information.
The company’s approach to maintaining a secure trading environment has garnered it a good reputation within the industry and has led to several awards recognising its safety measures.
Fullerton Markets uses state-of-the-art encryption technologies to safeguard data transmissions between clients’ devices and the broker’s servers. This encryption helps protect sensitive personal information and financial transactions from unauthorised access or interception.
To ensure the safety of client funds, Fullerton Markets holds all client deposits in segregated accounts with reputable financial institutions. This separation from the company’s own funds means that client money is not used for any operational purposes and is protected in the event of the company’s financial instability.
Despite the lack of regulatory oversight, Fullerton Markets adheres to strict internal protocols concerning operational and financial compliance. Regular audits are conducted to ensure that all processes meet the company’s high standards for security and operational integrity.
The broker has received numerous positive reviews from its clients, reflecting satisfaction with the security of their investments and the reliability of the trading platform. These reviews often highlight the broker’s responsiveness and the effectiveness of its customer service team, further underpinning the trust clients place in Fullerton Markets.
Additionally, Fullerton Markets has been recognised with several awards that attest to its commitment to security and excellence in providing safe trading conditions. These accolades not only affirm the broker’s dedication to maintaining high security standards but also help enhance its reputation in the global forex market.
While the absence of regulation typically necessitates caution, the consistent positive feedback from users and industry recognition serve as significant indicators of Fullerton Markets’ commitment to security and client protection. Prospective traders should still perform their due diligence and consider all factors, but they can take some reassurance from the broker’s established track record and the proactive measures it takes to ensure a secure trading environment.
PROMOTIONS
Fullerton Markets frequently offers various promotions which currently include the Net Deposit Bonus, Losable Bonus Campaign, KryptoPips Loyalty Program and the Accelerator Bonus.
The broker often runs new promotional campaigns which are easily accessible on their website. Potential traders are encouraged to regularly visit Fullerton Markets’ website to see which new promotions are available.
RESEARCH
The broker offers decent research tools which are available to its clients. These include the blogs which cover a wide range of topics and are written by industry experts.
Additionally, traders have access to a plethora of research tools available on the MT4 and MT5 platforms, ensuring traders have all the tools available to make informed trading decisions.
EDUCATION
Fullerton Markets places a strong emphasis on education with resources like webinars, blogs and video tutorials. While not an extensive range of tools, they are in-depth and are more than able to provide traders with sufficient information to educate themselves.
GLOBAL AWARDS
Over the years, Fullerton Markets has received several awards recognising its excellence in brokerage services, customer service and innovative technology. Some of their most recent awards include the following:
- Best Multi-Asset Broker Global (2023) – Gazet International Awards.
- Best CEO in Multi-Asset Broker Global (2023) – Gazet International Awards.
- Most Innovative Loyalty Program (2022) – International Business Magazine.
- Brokerage CEO of the Year (2022) – World Business Outlook.
- Best Multi-Asset Broker Global (2022) – World Business Outlook.
- Best Forex Broker Asia Pacific (2021) – International Business Magazine.
The above awards represent just some of the broker’s recent awards, with a total of 28 awards being won since 2017, highlighting Fullerton Markets superb trading environment.
SAFE OR SCAM?
Despite the lack of formal regulation, several factors suggest that Fullerton Markets operates as a legitimate and reliable trading platform.
Reputation
Fullerton Markets has cultivated a positive reputation in the trading community, supported by favourable customer reviews and testimonials. These reviews often praise the broker’s reliable trading conditions, prompt customer service and the overall trading experience.
Transparency
The broker demonstrates a high degree of transparency in its operations, providing detailed information about its trading practices, spread types and risk management tools.
Awards
The recognition Fullerton Markets has received for its platform’s safety features and service quality further supports its legitimacy. Awards from industry groups or trade publications can lend credibility, as they often involve a vetting process by professionals.
Security Measures
The implementation of advanced security measures, such as SSL encryption, segregated client accounts and regular internal audits, shows Fullerton Markets’ commitment to protecting client assets and information.
While these factors suggest that Fullerton Markets is a safe broker, potential clients should consider the lack of regulatory oversight as a factor in their decision-making.
Traders might consider additional protective measures, such as starting with smaller investments and gradually increasing their exposure as they gain more confidence in the broker.
As always, conducting thorough due diligence is advisable before committing significant capital to any trading platform.
CONCLUSION
Fullerton Markets offers a compelling trading environment with a strong focus on technology, education and customer service.
Although it faces some regulatory challenges and ideally the broker would be subject to regulatory bodies’ oversight, their reputation and over the years suggests that the broker is considered safe and reliable.
Additionally, with the innovative way of separating account types, via different spreads, the broker also offers great fees and represents a cost efficient option for traders compared to the rest of the industry.
After conducting the above review, the team at Brokersuggest.com highly recommends Fullerton Markets as a good broker. Should they add regulatory oversight to their overall service offering, the broker would be considered an excellent choice for potential traders.
