Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Overview of Fullerton

Fullerton is a financial institution that provides trading services in various financial markets. While it is important to note that Fullerton operates without a license and regulatory oversight, it offers a diverse range of market instruments, two types of accounts (LIVE and DEMO), leverage options up to 1:500, and the MT5 trading platform. Traders can access forex, precious metals, indices, cryptocurrencies, and stocks, while the platform provides advanced features and analytical tools.

Deposits and withdrawals are facilitated through various methods, and customer support is available through multiple channels. It is crucial to consider the risks associated with engaging with an unregulated entity and prioritize safety and protection by conducting thorough research and seeking professional advice.

Is Fullerton legit or a scam？

FULLERTON, as an unlicensed and unregulated financial institution, exposes investors and traders to significant risks. Regulatory oversight offers crucial advantages to traders, including investor protection, market integrity, compliance, accountability, and dispute resolution. It is advisable to engage with licensed and regulated brokers or financial institutions to ensure safety and protection. Thorough research, understanding terms and conditions, and seeking professional advice are essential steps to make informed decisions and prioritize financial security.

Operating without a license and regulatory oversight, FULLERTON lacks the necessary safeguards for investors and traders. Regulatory bodies provide investor protection by enforcing standards and preventing fraud and unfair practices. They also ensure market integrity by monitoring financial institutions and preventing unethical behavior. Compliance and accountability are upheld through regulations and regular audits, reducing the likelihood of misconduct. Additionally, regulatory bodies offer dispute resolution mechanisms, providing recourse for grievances.

To mitigate risks associated with unregulated entities like FULLERTON, traders should prioritize regulated brokers, conduct thorough research, understand terms and conditions, and seek professional advice. Choosing licensed and regulated institutions enhances safety and protection.

Pros and Cons

Fullerton offers a diverse range of market instruments, allowing traders to access various financial markets and pursue their investment goals. The availability of LIVE and DEMO accounts provides flexibility for traders to choose between real trading with actual money or practicing with virtual funds. Leverage options up to 1:500 offer the potential for amplifying trading positions and maximizing profits.

The advanced MT5 trading platform enhances the trading experience with its comprehensive features and analytical tools. Additionally, Fullerton provides convenient deposit and withdrawal methods, making it easier for traders to manage their funds. The availability of multiple customer support channels ensures prompt assistance and support for traders.

One of the significant concerns with Fullerton is its lack of regulation. Operating without a license and regulatory oversight exposes investors and traders to significant risks. The absence of regulatory oversight raises questions about security and protection, leaving traders uncertain about the safety of their funds. Limited transparency and accountability are also drawbacks, as the unregulated nature of Fullerton makes it difficult to gauge the institution's practices and ensure compliance. There is a potential for financial losses and lack of recourse in case of disputes or grievances. Traders should be cautious and consider these risks when engaging with an unregulated entity like Fullerton.

Market Instruments

Fullerton offers a diverse range of market instruments to cater to the needs of traders and investors. In the realm of forex, Fullerton provides a wide selection of currency pairs, enabling participants to engage in global currency trading and take advantage of fluctuations in exchange rates.

Additionally, Fullerton offers trading opportunities in precious metals such as gold, silver, platinum, and palladium, allowing individuals to diversify their portfolios and hedge against inflation or market volatility. Traders can also explore a variety of indices, including major global indices like the S&P 500, FTSE 100, and Nikkei 225, to speculate on the overall performance of specific markets. Fullerton extends its offerings to crude oil, providing access to one of the world's most important commodities, enabling traders to capitalize on price movements in the oil market.

Moreover, Fullerton recognizes the growing popularity of cryptocurrencies and offers a range of digital assets, including Bitcoin, Ethereum, and Litecoin, allowing traders to participate in this dynamic and evolving market.

Lastly, Fullerton facilitates trading in stocks, enabling individuals to invest in a wide range of publicly traded companies across various sectors and regions. With its comprehensive selection of market instruments, Fullerton provides traders and investors with the tools and opportunities to participate in various financial markets and pursue their investment goals.

Account Types

Fullerton offers two types of accounts: LIVE and DEMO.

1. LIVE Account:

   The LIVE account is for real trading with actual money. It requires registration, verification, and funding. Traders can access various financial instruments and experience live market conditions. It involves real risks, and individuals should carefully consider their strategies and risk management.

2. DEMO Account:

   The DEMO account is a practice account with virtual funds. It allows users to simulate trades and test strategies without risking real money. It helps beginners gain confidence and familiarity with the trading platform. Profits or losses in a DEMO account are simulated and do not have real financial consequences.

How to Open an Account？

To open an account with Fullerton, follow these steps:

1. Visit www.fullertonmarkets.com, the official website of Fullerton Markets.

2. Click on the “Open Account” button or a similar option on the homepage.

3. Choose the type of account you want to open, such as a LIVE or DEMO account.

4. Fill out the registration form with your accurate personal details.

1. Submit any necessary documents for verification, if required.

2. Once your account is verified, fund your account with the minimum required deposit and start trading.

Leverage

Fullerton offers a maximum leverage of 1:500 to its clients. Leverage is a financial tool that allows traders to amplify their trading positions by borrowing funds from the broker. With a leverage ratio of 1:500, clients can control a position size up to 500 times larger than their actual account balance.

This high leverage ratio can potentially increase both profits and losses, as even small market movements can have a significant impact on the trading account. It is important to note that trading with high leverage involves a higher level of risk, and traders should exercise caution and employ risk management strategies to protect their capital.

Spreads &Commissions

Fullerton Markets offers three types of spreads to its clients:

1. Variable Spreads: These spreads are derived from Tier-One Liquidity Providers in Equinix LD4, a specialized data center for foreign exchange in London. When trading on the Fullerton Markets MT4 & MT5 platforms, clients are charged a brokerage fee collected from the spreads. There are no additional commissions for trade execution.

2. Raw Spreads: With raw spreads, clients can enjoy spreads as low as 0 pips, derived directly from multiple Liquidity Providers including banks and hedge funds in Equinix LD4. However, a flat fee of USD 8 per lot is charged as a commission for Forex instruments. This allows traders to access the market directly, benefiting from competitive pricing.

3. PRO Spreads: Traders using the Fullerton Markets MT4 & MT5 platforms can enjoy lower spreads, with no commissions, swaps, or additional fees when trading Forex and Metals. These spreads are derived from Tier-One Liquidity Providers in Equinix LD4, offering a cost-effective trading experience without incurring extra charges.

It's important for clients to review the Terms & Conditions provided by Fullerton Markets to understand the specific details and requirements associated with each type of spread and commission structure.

Trading Platform

Fullerton Markets' MT5 platform offers traders enhanced flexibility and a wide range of trading functionalities that are not available on the older MT4 platform. With its advanced features, the MT5 platform provides traders with a more comprehensive and efficient trading experience. It offers 21 timeframes, allowing traders to analyze market trends across different intervals. Additionally, traders can choose from 6 pending order types, providing them with greater control over their trades and entry points.

The platform also boasts an extensive selection of technical indicators and analytical objects, empowering traders with in-depth market analysis capabilities. It includes a built-in economic calendar, providing real-time updates on important economic events and their potential impact on the markets. Traders can develop and utilize custom trading strategies using the MQL5 programming language, further enhancing their ability to implement personalized trading approaches.

Moreover, the MT5 platform provides real-time Depth of Market (DOM) data, enabling traders to access insights into market liquidity and the order book. It allows for additional order modification, allowing traders to easily manage and adjust their positions as market conditions evolve. The platform is compatible with newer operating systems, ensuring smooth performance and accessibility for traders. With better server capabilities and a larger database size, the platform facilitates efficient trade execution and data storage.

Deposit & Withdrawal

Deposit: Fullerton Markets offers a variety of convenient deposit methods to suit the needs of traders worldwide. Traders can choose to fund their accounts using credit cards, digital wallets, bank wire transfers, or cryptocurrencies. Credit card deposits are available in USD, EUR, and SGD currencies, with no minimum deposit amount required. Sticpay and digital wallet deposits are also available in USD, EUR, and SGD, with no minimum deposit requirement. For bank wire transfers, traders can deposit in USD, EUR, SGD, or NZD currencies, with a minimum deposit of USD 200 or equivalent value in other currencies.

Withdrawal: Fullerton Markets provides hassle-free withdrawal options for traders to access their funds. The minimum withdrawal amounts vary depending on the chosen method. For credit card, digital wallet, and cryptocurrency withdrawals, there is no minimum withdrawal amount. However, for Bitcoin withdrawals, a minimum withdrawal of USD 100 is required. Bank wire transfers have a minimum withdrawal amount of USD 200 or equivalent in other currencies. Additionally, Fullerton Markets covers all withdrawal fees, ensuring that traders can access their funds without any additional charges.

It's important to note that specific requirements and limits may apply for local transfers in different countries, such as Malaysia, Vietnam, Thailand, Indonesia, Philippines, China, Myanmar, Cambodia, Laos, and India. Traders should review the specific minimum and maximum withdrawal amounts for each country to ensure compliance with the respective regulations.

Customer Support

Customer Support at Fullerton Markets is dedicated to providing prompt and reliable assistance to traders. The team is committed to ensuring that all inquiries and concerns are addressed effectively, allowing traders to have a seamless and satisfactory trading experience.

Traders can reach out to Fullerton Markets through various channels, including email, phone, and messaging apps like Line, Telegram, Viber, and Whatsapp. This multi-channel approach ensures that traders have multiple options to connect with the support team based on their preferred communication method.

Additionally, Fullerton Markets provides a comprehensive Help Center and FAQ section on their website, where traders can find instant answers to common questions about services, trading, and their accounts. This resourceful repository of information serves as a valuable self-help tool, empowering traders to find solutions and make informed decisions.

Furthermore, Fullerton Markets offers tutorials in the form of videos and blog posts to help traders master the A-Z of trading. These educational materials cover a wide range of topics, providing valuable insights and strategies to enhance traders' knowledge and skills.

Educational Resources

Fullerton Markets offers a range of educational resources to support traders in their journey towards successful trading. These resources are designed to provide valuable market insights, enhance trading knowledge, and help traders stay updated with the latest developments.

The blog section on Fullerton Markets' website is a valuable resource for traders. It features weekly market research that provides in-depth analysis and updates on market trends, economic news, and trading opportunities. Traders can leverage this information to make informed trading decisions and stay ahead of the market.

The video library is another valuable educational resource offered by Fullerton Markets. It covers a wide range of topics, including Forex, MetaTrader 4, MetaTrader 5, indicators, and key trading concepts. These videos provide detailed explanations, step-by-step tutorials, and practical tips to help traders improve their trading skills and understanding of the market.

Conclusion

Fullerton is a financial institution that provides trading services in various financial markets. While it offers a diverse range of market instruments, convenient account options, leverage options, and an advanced trading platform, it is crucial to note that Fullerton operates without a license and regulatory oversight.

This lack of regulation raises significant concerns regarding security, protection, transparency, and accountability. Engaging with an unregulated entity like Fullerton exposes traders to potential financial losses and limited recourse in case of disputes. Therefore, individuals should exercise caution, conduct thorough research, and prioritize safety and protection by choosing licensed and regulated brokers or financial institutions.

FAQs

1. Is Fullerton a licensed and regulated financial institution？

   No, Fullerton operates without a license and regulatory oversight.

2. What are the risks of trading with an unregulated entity like Fullerton？

   Trading with an unregulated entity exposes traders to potential financial losses and limited recourse in case of disputes or grievances.

3. What account types does Fullerton offer？

   Fullerton offers two types of accounts: LIVE accounts for real trading with actual money and DEMO accounts for practice trading with virtual funds.

4. What is the maximum leverage offered by Fullerton？

   Fullerton offers a maximum leverage of 1:500 to its clients.

5. How can I contact Fullerton's customer support？

   You can reach out to Fullerton's customer support through email, phone, or messaging apps like Line, Telegram, Viber, and Whatsapp.

General Information of FX Corp

FX Corp is a regulated financial services provider offering a range of foreign exchange solutions to individuals and businesses. With its headquarters in Sydney, Australia, the company operates under the regulatory oversight of the Australia Securities & Investment Commission (ASIC).

For individuals, FX Corp facilitates international payment services for various purposes, including real estate transactions, luxury goods purchases, investments, inheritance management, overseas income handling, and mobile payments. Their goal is to provide efficient and secure solutions for conducting international transactions in these areas.

For businesses, FX Corp specializes in commercial foreign exchange services, catering to diverse industries. Whether it's a small online retailer or a growing global company, FX Corp aims to streamline payment processes and provide tailored solutions to meet their specific needs. The company's expert team works closely with businesses, enhancing their foreign exchange capabilities and offering valuable insights for successful expansion into new markets.

FX Corp offers a range of foreign exchange products to align with businesses' goals and requirements. These include spot contracts, which involve immediate purchase or sale of foreign exchange at prevailing rates, and forward exchange contracts (FECs), which allow businesses to lock in exchange rates for future dates to manage currency risk.

Customer support at FX Corp is available through phone communication, and their office in Sydney serves as a physical location for face-to-face interactions when needed.

While FX Corp is regulated and holds a license from ASIC, it's important for potential clients to consider the associated risk alert and conduct thorough research before engaging with the company.

Pros and Cons

FX Corp, a regulated financial services provider based in Australia, offers international payment services and foreign exchange solutions to individuals and businesses. While the company has certain advantages, it's essential to consider the associated risks and drawbacks. One of the pros of FX Corp is its legitimacy as a regulated entity under the Australia Securities & Investment Commission (ASIC), providing a level of trust and compliance with industry regulations. Additionally, the company offers competitive exchange rates, low transaction fees, and convenient international money transfer services. However, there are some cons to consider. Firstly, there is a risk alert associated with FX Corp, indicating potential risks and a negative field survey review. Moreover, the available information suggests a lack of functional trading software. Traders should exercise caution, conduct thorough research, and consider alternative options before engaging with this broker.

Here is a table summarizing the pros and cons of FX Corp:

Is FX Corp Legit？

FX Corp Pty Ltd, also known as FX Corp, is a regulated entity. It is regulated by the Australia Securities & Investment Commission (ASIC) in Australia. The company holds a full license under the authority of ASIC with the license number 459050. The license was granted to FX Corp Pty Ltd on October 30, 2014.

The regulatory status confirms that FX Corp Pty Ltd operates under the regulations and oversight of ASIC, ensuring compliance with the applicable rules and regulations in the financial industry.

However, it is important to note that there is a risk alert associated with this broker. The risk alert indicates that the broker has received one negative field survey review, which raises concerns about potential risks and the possibility of a scam. Additionally, the current information suggests that the broker does not have a trading software.

Traders should exercise caution and conduct thorough research before engaging with this broker. It is advisable to assess the risks involved and consider alternative options based on the available information and personal circumstances.

How to open and Account？

To open an account with FX Corp, follow these steps:

1. Visit the FX Corp website and locate the “OPEN ACCOUNT” button.

2. Click on the button to initiate the account opening process.

3. You will be directed to a form that needs to be completed.

4. Fill in your personal details, including your name (first name and last name), company (if applicable), website (if applicable), email address, and phone number.

5. Optionally, you may provide additional comments or information relevant to your account opening.

6. If you wish to receive updates and information from FX Corp, you can choose to subscribe to their mailing list.

7. Once you have entered all the required information, review the details for accuracy.

8. Click on the submit or send button to complete the form.

9. A Relationship Manager from FX Corp will be in touch with you shortly to guide you through the remaining steps of the account opening process.

International Money Transfers

FX Corp's international transfer service is available in 60 currencies for over 80 international/regional locations worldwide, with payments to most countries/regions taking 1-2 business days. There are two most common payment networks in the global payments arena, the SWIFT and the Automated Clearing House (ACH), with the former requiring a $60 transaction fee.

Commercial

FX Corp offers commercial foreign exchange solutions for businesses operating in various industries, ranging from small online retailers to fast-growing global companies. They understand the challenges faced by businesses expanding geographically and aim to provide tailored and modernized payment processes to meet their needs.

To support businesses in achieving their goals, FX Corp operates at the forefront of the foreign exchange services landscape. They have extensive experience working with businesses in different industries, similar to the ones they serve. By leveraging their expertise, FX Corp can enhance and improve the existing setup of businesses, helping them optimize their foreign exchange capabilities.

FX Corp's dedicated relationship managers play a crucial role. These managers keep businesses updated on the latest developments in foreign exchange and ensure that their FX capabilities remain adaptable to changing market conditions. They offer insights, advice, and support that are critical for the success of businesses' expansion plans into new markets.

FX Corp Personal

FX Corp provides international payment services for individuals buying and selling real estate, buying and selling luxury goods, investments, inheritance, overseas income, mobile, etc. The personal services offered by FX Corp focus on providing international payment solutions for individuals. These services cater to various needs such as buying and selling real estate, buying and selling luxury goods, managing investments, handling inheritances, managing overseas income, and facilitating mobile payments. FX Corp aims to assist individuals in efficiently and securely conducting international transactions related to these areas.

FX Corp Products

FX Corp offers a range of foreign exchange products to align with businesses' specific goals and requirements. These products can be utilized simultaneously for different projects based on factors such as profit margin or time to completion. It is important for finance teams, who often face time constraints and pressure to meet reporting and accounting deadlines, to carefully consider FX transactions and products.

FX Corp specialists are available to assist finance teams in selecting suitable FX products while ensuring they can manage their other responsibilities effectively. By leveraging FX Corp's resources and experience, businesses can choose products that maximize their chances of success and minimize the impact of unfavorable currency movements.

Spot Contracts: One of the basic and commonly used FX products is the spot contract. Spot payments involve a binding obligation to buy or sell a specific amount of foreign exchange for fast delivery. These transactions are conducted at the prevailing live spot rate and typically settle within two business days.

Forward Exchange Contracts (FECs): FX Corp also offers forward foreign exchange contracts (FECs), which allow businesses to “lock in” an exchange rate for a specific date in the future. The forward rate for an FEC is calculated based on the current spot rate, time to maturity, and the interest rate differential between the two currencies involved. FECs provide businesses with greater certainty for forecasting costs or profits without the need to pre-purchase currency and deplete their cash flow. While a deposit may be required, the full payment of the contract amount is not necessary until the maturity date.

Customer Support

FX Corp provides customer support through various channels. The primary contact method is through phone, and customers can reach their customer support team at the phone number 02 8076 9535. This phone support allows customers to directly communicate with FX Corp's representatives to address their inquiries, concerns, or seek assistance regarding their services.

Additionally, FX Corp has a physical office located in Sydney, Australia. The office is situated at Level 14, 1 Castlereagh Street, Sydney, NSW, 2000. Customers can visit the office in person if they prefer face-to-face interactions or have specific needs that require an in-person meeting.

Conclusion:

In conclusion, FX Corp Pty Ltd offers international payment services and foreign exchange solutions to businesses and individuals. As a regulated entity, it operates under the oversight of the Australia Securities & Investment Commission (ASIC), providing a level of legitimacy. However, it is important to note the risk alert associated with this broker, indicating potential risks and a lack of functional trading software. While FX Corp offers competitive exchange rates, low transaction fees, and convenient international money transfer services, traders should exercise caution, conduct thorough research, and consider alternative options before engaging with this broker.

FAQs

Q: Is FX Corp a legitimate broker？

A: Yes, FX Corp is a regulated entity and holds a full license from the Australia Securities & Investment Commission (ASIC).

Q: How can I open an account with FX Corp？

A: To open an account, visit the FX Corp website and click on the “OPEN ACCOUNT” button. Fill out the required form with your personal details, and a Relationship Manager will contact you to guide you through the rest of the process.

Q: What international money transfer services does FX Corp offer？

A: FX Corp provides international money transfer services in 60 currencies to over 80 international and regional locations. They offer competitive exchange rates, low transaction fees, and the option to pay in local currency.

Q: What products does FX Corp offer for businesses？

A: FX Corp offers spot contracts and forward exchange contracts (FECs) as foreign exchange products for businesses. Spot contracts involve fast delivery of foreign exchange at the prevailing spot rate, while FECs allow businesses to lock in an exchange rate for future transactions.

Q: What services does FX Corp offer for individuals？

A: FX Corp provides international payment solutions for individuals, including services for buying and selling real estate, luxury goods, investments, handling inheritances, managing overseas income, and facilitating mobile payments.

Q: How can I contact FX Corp for customer support？

A: You can reach FX Corp's customer support team by phone at 02 8076 9535. They also have a physical office located at Level 14, 1 Castlereagh Street, Sydney, NSW, 2000.