Fullerton Markets is a forex broker that was established on December 27, 2017, in Saint Vincent and the Grenadines, mainly providing investors with trading services in forex, metals, indices, crude oil, cryptocurrencies, stocks, and other financial derivatives. This broker does not provide services in jurisdictions where it might contravene local laws or regulations, including but not limited to Iran, Cuba, Sudan, Syria, North Korea, Hong Kong, Singapore, Japan, and the United Kingdom.
Corporate Registration Information and Regulatory Status:
Information disclosed on the official website of Fullerton Markets reveals that the entity registered in Saint Vincent and the Grenadines is Fullerton Markets International Limited, with the specific registration address at Euro House, Richmond Hill Road, PO Box 2897, Kingstown, VC0100, Saint Vincent & the Grenadines, and the registration number is 24426. According to information obtained from a Whois query, the domain name of this broker's official website was registered on June 25, 2015.
Upon verification, the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) lists a business entity under the name of Fullerton Markets International Limited, with the registration number 24426. However, the SVGFSA does not regulate, supervise, monitor, or grant licenses to commercial companies (BC) engaged in forex trading or brokerage activities. The regulatory scope is limited to ensuring BCs comply with the obligations set forth in Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009 – Business Companies (Revised and Consolidated) Act.
Therefore, there is no effective regulation for the financial derivative trading services operated by this broker.
Opening an Account:
To open an account with Fullerton Markets: visit the broker's official website and click on "Get Started" or "Sign Up" at the top right corner of the homepage to enter the account registration page. Fill in personal information such as name, personal email address, phone number, etc., and submit. Once approved, the account registration will be successful.
Account Types:
Fullerton Markets offers a real trading account with a maximum trading leverage of 1:500, spreads starting from 0.1 pips, and a minimum trade size of 0.01 lots. Furthermore, the broker provides three different types of spreads: Variable Spreads, Raw Spreads, and PRO Spreads.
Variable Spreads:
- Top-tier liquidity providers
- Variable spreads
- No commission on forex and metals
- Fees included in the spreads
- No additional fees
Raw Spreads:
- Directly from liquidity providers
- Market’s raw spreads as low as 0 pips
- A fixed fee of 8 USD commission per lot for forex instruments
- Spreads without additional markup
- Market’s raw spreads
PRO Spreads:
- Top-tier liquidity providers
- Low spread markup
- No commission on forex and metals
- No overnight interest
- No additional fees
Trading Platforms:
Fullerton Markets offers the MT4 and MT5 trading platforms to its users.
Deposits and Withdrawals:
Fullerton Markets supports deposits and withdrawals through credit/debit cards, bank transfer, and e-wallets.
Conclusion:
Traderknows reminds investors that Fullerton Markets is an unregulated forex broker. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
