Verdict

/ 5

Fullerton Markets review

By Abdullah Zeshan

Updated on Nov 7, 2024

9 mins read

17 customer reviews

Overview

Fullerton Markets is a straight-through processing (STP) broker that offers a range of trading options, including currency pairs and CFDs on indices, crude oil, and more. Fullerton Markets...

See full overview for Fullerton Markets

Fullerton Markets is a straight-through processing (STP) broker that offers a range of trading options, including currency pairs and CFDs on indices, crude oil, and more. Fullerton Markets Limited, trading under the Fullerton Markets brand, is a Registered Financial Services Provider under New Zealand’s Financial Markets Conduct Act 2013, which means it is regulated by the Financial Markets Authority (FMA).

Founded in 2015 in New Zealand, Fullerton Markets has become a well-respected broker with headquarters in Kingstown, St Vincent, and the Grenadines. The company prides itself on offering its clients a fast, reliable, and secure trading experience, with various tools and resources designed to help traders make informed decisions.

However, it’s important to note that Fullerton Markets Limited, trading under the Fullerton Markets brand, was regulated by the Financial Markets Authority (FMA) until 2018 when the Broker transferred all business from its New Zealand entity Fullerton Markets Limited (FML) to a newly established offshore company called Fullerton Markets International Limited (FMIL).

The new entity is registered in Saint Vincent and the Grenadines. While this change has caused some concern among traders, Fullerton Markets has assured its clients that the move was made to enhance the company’s global reach and to better serve its growing client base. If you’re considering opening an account with Fullerton Markets, you’ll want to know more about the company and its offer. This Fullerton Markets review will share everything you need about the Broker platform.

Supported Countries

Fullerton Markets accepts clients from a wide range of countries, including Australia, Thailand, Canada, the United States, South Africa, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, Malaysia, Thailand, and Indonesia, and many other nations around the world.

However, the platform does not accept clients from certain countries, such as Iran, Cuba, Sudan, Syria, and North Korea.

Customer Service Rating

Fullerton Markets prides itself on providing excellent customer service, with a dedicated team available 24/5 to assist traders with any questions or issues. This Broker has rated 3.6 stars out of a possible 5.0 on Trustpilot, based on over 13 reviews. Most reviews praise the company’s excellent customer service, with many customers highlighting the responsiveness and helpfulness of the support team.

Traders also appreciate the company’s ease of account opening, speed of service, and support staff. Some negative reviews touch on complications during withdrawal.

Fullerton Markets Trading Platforms

When choosing a trading platform, Fullerton Markets offers clients two options: MetaTrader 4 and MetaTrader 5. Both platforms are well-regarded in the trading community, but they have their differences, so it’s essential to understand what each one offers before making a choice.

MetaTrader 4, or MT4: This is the more popular of the two platforms and for a good reason. MT4 is suitable for traders of all levels, from beginners to experienced traders, and is known for its stability and reliability. It is easy to use, has a user-friendly interface, and has many features, including one-click trading and advanced charting capabilities. One of the significant advantages of MT4 is its customizability. Clients can take advantage of over 50 customizable indicators and graphical objects for technical analysis, which can be useful in identifying trends and making informed trading decisions. The platform also offers nine time frames, allowing detailed price analysis from one minute to one month. Automated trading is supported by Expert Advisors (EAs), which can be back-tested using historical data, making it an excellent choice for those who prefer algorithmic trading. MT4 can only be downloaded once you have registered for an account and signed in to the client terminal (Fullerton Suite).
MetaTrader 5, or MT5: This is the latest platform from MetaTrader and offers more advanced trading tools. While MT5 offers everything MT4 does, it offers additional trading functionalities and advantages unavailable on the MT4 platform. Some of the benefits of MT5 include 21 timeframes, six pending order types, an integrated economic calendar, and a choice of color schemes. The platform provides traders with more flexibility in their trading activities, making it an excellent choice for traders who want more control over their trades. Additionally, clients can trade the full range of Fullerton Markets instruments on MetaTrader 5. Users also benefit from sophisticated automated trading bots and copy trading functionality. The MT5 platform can be downloaded from the Broker’s website, while the mobile app can be downloaded from the respective app store.

Trading Denominations on Fullerton Markets

Fullerton Markets allows traders to trade in various denominations, including USD, EUR, and SGD. These denominations allow traders to choose the currency that best suits their needs and trading strategy.

COMPANY STRUCTURE

Fullerton Markets is a global forex broker headquartered in Saint Vincent and the Grenadines. The company was founded in 2015 by CEO Mario Singh, who has over 17 years of experience in the financial markets. Fullerton Markets has since expanded its operations to other regions, including Asia and the Pacific.

The Broker operates as a Straight-Through Processing (STP) broker, meaning client orders are executed directly in the market without any intervention from the Broker. This ensures that trades are executed quickly and transparently and that clients receive the best prices. Regarding company structure, Fullerton Markets has a team of experienced professionals with finance, technology, and customer service backgrounds.

The company has been recognized by various international business magazines and review organizations, which further cements its position as a leading broker in the market. Fullerton Markets received the Most Innovative Loyalty Program Global 2022 from the International Business Magazine. Fullerton Markets has also been awarded the Best Multi-Asset Broker Global 2022 by World Business Outlook, further emphasizing the company’s excellence in providing its clients with a broad range of trading instruments.

In addition, Fullerton Markets was awarded the Best Forex Broker Asia Pacific 2021 by the International Business Magazine. Also, Fullerton Markets’ triple-level protection plan was recognized with the Best Fund Safety Global award in 2021 by the Global Business Review Magazine.

Fullerton Markets Licenses and Regulatory Compliance

Fullerton Markets is committed to regulatory compliance and holds licenses from reputable regulatory bodies in different regions. The Broker operates as Fullerton Markets Limited, trading under the Fullerton Markets brand, and is a Registered Financial Services Provider under New Zealand’s Financial Markets Conduct Act 2013.

Fullerton Markets is subject to strict regulatory requirements and standards as a regulated broker. The Broker is overseen by the Financial Markets Authority (FMA) of New Zealand, a respected regulatory body that oversees financial services providers in the region. The FMA ensures that Fullerton Markets complies with applicable laws and regulations and that the Broker maintains adequate financial resources and risk management systems.

Fullerton Markets Customer Protection

Fullerton Markets is registered under Law 149 in Saint Vincent of the Grenadines, and its registration number is 24426 IBC 2017. The company is also FSA (Financial Services Authority) compliant, which means it adheres to strict financial regulations and standards.

Fullerton Markets provides its clients with an added layer of protection by offering insurance in case of losses due to inappropriate advice from the Broker’s employees or fraud. The Broker uses segregated accounts to store clients’ funds. This means that clients’ funds are kept in separate accounts that the Broker cannot access or use for personal purposes.

Fullerton Markets takes the security of its clients’ data seriously, and that’s why it follows standard security protocols to keep data exchanged between servers safe. Secure Sockets Layer (SSL) encryption protects data transfers between the client and the server. Additionally, clients can enable two-factor authentication upon login, adding another layer of security.

The Broker’s website also assures traders that all client funds are protected through Fullerton Custodian, Professional Indemnity, and Crime Insurance. This means that clients’ funds will be kept safe even in the unlikely event of the Broker going bankrupt.

TRADING INFORMATION

Fullerton Markets Leverage

Fullerton Markets offers different leverage options for each asset class it provides. For forex trading, clients can choose to leverage up to 1:500, which enables them to potentially amplify their profits through a smaller investment.

On the other hand, Fullerton Markets offers leverage up to 1:100 for Gold and Silver, 1:100 for indices, and 1:2 for crypto.

Deposits and Withdrawals

Fullerton Markets offers various deposit and withdrawal methods for traders around the world. They have the options of Credit Cards, Bank Transfers, Cryptocurrencies, or Digital wallets.

Deposits

Payment Method	Deposit Currencies	Fees	Minimum Amount
Credit card	USD, EUR, SGD	100% covered by Fullerton Markets	Minimum USD100 or equivalent value in any other currency
Sticpay	USD, EUR, SGD	100% covered by Fullerton Markets	Minimum USD100 or equivalent value in any other currency
Digital wallet	USD, EUR, SGD	100% covered by Fullerton Markets	Minimum USD100 or equivalent value in any other currency
Bank wire transfer	USD, EUR, SGD, NZD	100% covered by Fullerton Markets (only applicable for funding)	Minimum USD200 or equivalent value in any other currency
Cryptocurrency	USD, EUR, SGD	100% covered by Fullerton Markets	Minimum USD200 or equivalent value in any other currency

Withdrawals

Withdrawal Method	Withdrawal Currencies	Fees	Minimum Amount
Credit card	USD, EUR, SGD	100% covered by Fullerton Markets	No minimum amount
Sticpay	USD, EUR, SGD	100% covered by Fullerton Markets	No minimum amount
Digital wallet	USD, EUR, SGD	100% covered by Fullerton Markets	No minimum amount For Bitcoin : Minimum withdrawal of USD100
Bank wire transfer	USD, EUR, SGD, NZD	100% covered by Fullerton Markets (only applicable for funding)	Minimum USD200 or equivalent value in any other currency
Cryptocurrency	USD, EUR, SGD	100% covered by Fullerton Markets	Minimum withdrawal of USD200

Fullerton Markets Education and Training

Fullerton Markets provides its clients with a wealth of educational resources and training tools to help them improve their trading skills. Clients can access comprehensive financial information, and analysis brought to them by Fullerton’s award-winning Research & Education team.

Among the resources offered are the blog and video library. The blog provides weekly market research to help traders stay up-to-date with the latest market updates. Additionally, traders can read blog posts to master the key concepts of successful trading.

The video library is a comprehensive collection of videos covering various topics, including Forex, MetaTrader 4, MetaTrader 5, indicators, and key trading concepts. These resources are designed to help traders make informed trading decisions and to stay up-to-date with the latest market trends.

CONCLUSION

Fullerton Markets is a well-known online Forex broker offering various trading instruments, competitive spreads, and various trading platforms, including the popular MT4 and MT5. Its strong customer protection measures make it a reliable choice for traders seeking a safe and secure trading environment.

Fullerton Markets also provides educational resources and excellent customer service to support traders’ trading journey. Overall, Fullerton Markets is a suitable option for novice and experienced traders looking for a reliable and efficient online trading platform.

Countries

+221

Devices

Minimum deposit

100$

Max insured

Our Verdict

3.9

/ 5

See our process of evaluating brokers

Commissions & Fees

4.1

/ 5

Deposit & Withdrawal

3.8

/ 5

Customer Support

3.8

/ 5

Account Opening

3.8

/ 5

Regulation & Safety

/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

See the entire process here.

Pros

Competitive spreads start from 0.1 pips on major currency pairs.
Leverage up to 1:500 for the Standard account.
Multiple payment methods, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill and Neteller.
Comprehensive educational resources and tools to help traders improve their trading skills.

Cons

Restricted to residents of certain countries, including the United States, Canada, and others.
No Regulation by a tier-1 financial service regulator.
Scalping is restricted, which may not suit traders who employ this strategy
Limited platform options, with only MetaTrader 4 (MT4) and MetaTrader 5 (MT5) available for trading.

General details

Type of accounts

Standard Accounts

Trading platforms

METATRADER 4

METATRADER 5

Execution Model

STP

Deposit currency

EUR

USD

SGD

Regulatory complience

FSP (NZ)

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Vietnamese

Indonesian

Chinese

Malay

Thai

Autotrading

PAMM CopyPip MyFxBook AutoTrade Zulutrade

Contact details

[email protected]

+44 20 3808 8261

Customer reviews

Read real reviews from traders all over the world:

kyle bernabe

5 June 2023

Advantages: Fast withdrawal, real chat support, good trading environment

Disadvantages: Spreads are average

Great broker to trade with, very solid and no hassle at all.

Essy Lidia

18 May 2023

Advantages: Never have any issue with deposit & withdrawal

Disadvantages: none

I highly recommend Fullerton Market, if you are seeking a trustworthy partner for your trading platform as it reliable and secure in terms of safety fund. Fullerton Markets is a member of financial commission.

See all 17 customers reviews

Accounts

Type of Trading Accounts on Fullerton Markets

Fullerton Markets offers traders one type of trading account – the Standard account. This account type provides access to all the trading instruments the Broker offers, including forex currency pairs, indices, commodities, and metals. The account is available to traders of all levels and can be opened with a minimum deposit of $100.

Fullerton Markets offers a Swap-Free option for traders requiring an Islamic trading account. This account type complies with Islamic finance principles and does not charge any interest on overnight positions. Instead, a small administration fee is charged on positions held for more than 24 hours.

In addition to the Standard account option, Fullerton Markets also provides a Risk-Free Demo account. This account type is designed for traders who wish to test the Broker’s trading platform and practice their trading strategies without risking real money. The demo account provides traders with virtual funds to trade with and access to real-time market data and trading tools.

Tradable instruments

Tradable instruments on Fullerton Markets trading platforms include:

Metals
Crude Oil

Currencies

N/A

Indices

N/A

Cryptocurrencies

N/A

Stocks

N/A

Frequently asked questions

Find the right answer to your question below.

How do I open a Fullerton Markets account?

To open an account with Fullerton Markets, you need to follow these simple steps:

Go to the Fullerton Markets website and click the “Open Live Account” button.
Fill in the required information, such as your First and last name, email address, phone prefix and phone number, desired password, and preferred language.
Fill in the Captcha and click the box to confirm you have read, understood, and accepted the terms and conditions.
Upload the necessary documents, such as proof of identity and address.
Wait for your account to be approved, which usually takes 1-2 business days.
Fund your account with the minimum deposit amount.
Start trading once your account is funded and verified.

Is Fullerton Markets a Scam?

Fullerton Markets has been operating since 2015 and has earned a reputation for providing quality services and a secure trading environment for its clients. The Broker also provides segregated accounts to ensure that client funds are kept separate from corporate funds, providing additional protection for traders. However, the lack of regulation by an independent financial service regulator casts doubt on the legitimacy of this platform.

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