Fullerton Markets Review 2020
Fullerton Markets is an unregulated online brokerage offering clients in selected countries a limited range of trading assets via the user friendly MetaTrader 4 (MT4) platform. They have a proprietary app, copy trading solutions and various funding options. We did not find the broker to have the tightest spreads or lowest commissions when compared to some other trading brokers. They do however conduct highly commendable charitable work to help various communities and have an excellent support team.
Fullerton Markets Review 2020, Pros & Cons
- MetaTrader 4 platform
- Various deposit/withdrawal options
- 24/5 support
- PipProfit! mobile app
- Mirror trading
- Charitable work
- Offshore unregulated brokerage
- Spreads & commissions not the lowest
- Limited account types
- Limited trading instruments
- Does not accept traders from the USA, UK & some other countries
In this detailed Fullerton Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Fullerton Markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Fullerton Markets.
Fullerton Markets Review: Summary
Fullerton Markets are an online trading broker that provides clients with access to the largest financial markets in the world and a seamless trading experience via their intuitive platforms.
The broker prides itself on fund safety, quick execution, and a system of wealth creation. They state that their core values are passion, excellence, commitment and sustainability. The CEO states the “3S” of safety, speed and system are what they bring to the online brokerage industry.
The brokers track record of excellence has been recognised globally, with the company receiving multiple awards over the years. Fullerton Markets have won awards for brokerage services including the World Finance 2019 Best FX Broker Asia, Best Fund Safety and Best Partnership Program.
Fullerton Markets have excellent liquidity and connectivity due to their partnerships with tier-one banks and Equinix, a multi-billion dollar public company listed on NASDAQ. They provide liquidity from some of the biggest global banks and ECNs including Credit Suisse, Citibank, Deutsche Bank, FXSpotStream, Hotspot, Barclays and J.P. Morgan.
They have spared no expenses with data centres in prime locations across Asia Pacific and also dedicated servers in London. This world-class infrastructure is set up to ensure that all clients receive a trading experience like no other with low latency connectivity and network speeds of less than 1 millisecond.
Traders get weekly research, webinars and trading videos. Introducing brokers get the powerful back office Fullerton suite, attractive rebate pay-outs and PipBox which is a complete toolbox for marketing.
The broker should be praised for trying to make a difference to communities through the Fullerton Foundation which looks to bring about sustainable changes through empowerment, education and engagement. This charitable work is commendable and can help support the less fortunate.
Fullerton Markets Review: Regulation
Fullerton Markets Limited, trading under the Fullerton Markets brand, was regulated by the Financial Markets Authority (FMA) in New Zealand. However, in 2018 the broker transferred all business from its New Zealand entity Fullerton Markets Limited to a newly established offshore company called Fullerton Markets International Limited.
The latter is registered in Saint Vincent & the Grenadines, a popular offshore destination for brokers that unfortunately does not offer the same protection to clients nor does it give the broker a regulated status. Most professional traders would only ever use a regulated brokerage firm as they can give them protection that an unregulated broker cannot.
Traders are assured of continued transparency and security with triple-level fund safety protection under Fullerton Shield. This includes segregated bank accounts for corporate and client funds and an independent custodian protection. Segregated funds can help to ensure that the broker cannot use funds for any other purpose such as day to day business running costs.
Fullerton Markets also provide Negative Balance Protection, which is implemented in order to ensure that clients cannot end up with a negative balance in their trading accounts. All clients of Fullerton Markets get to enjoy this safety feature by simply submitting a request in their Fullerton Suite.
Fullerton Markets Review: Countries
Due to regulatory or legal requirements, Fullerton Markets is unable to provide services or accept customers from certain countries. Currently Fullerton Markets does not accept customers from Hong Kong, Singapore, Japan, United Kingdom, United States, Iran, Cuba, Sudan, Syria and North Korea.
This is not an exhaustive list of countries from which Fullerton Markets does not accept solicited clients and is updated as required. Customers should familiarise themselves with the FX rules applicable in their country’s before deciding to use Fullerton Markets services.
Some Fullerton Markets broker features and products mentioned within this Fullerton Markets review may not be available to traders from specific countries due to legal restrictions.
Fullerton Markets Review: Trading Platforms
Fullerton Markets provide the ever popular MetaTrader 4 (MT4) platform for conducting market analysis, placing and managing trades. They also have a proprietary platform called “PipProfit!” that is not used for trading but none the less is very useful for keeping up to date with the latest offerings from the broker.
MetaTrader 4 Platform
MT4 is used by millions of online traders all over the world and the platform of choice for many online brokers. It is well known for being very user friendly and having plenty of trading tools built-in for an efficient and enjoyable online trading experience.
MT4 has a quick learning curve which more often than not makes it the platform of choice for beginners whilst it has enough features and functionality to satisfy the more experienced trader. There is an abundance of video tutorials that can help you familiarise yourself with the platform.
MT4 is available to use on desktop, web and mobile devices. The web version can run in most modern browsers without needing any additional software to be downloaded or installed. The mobile version runs on iOS and Android devices which makes it useful for those who need to access their account and trade whilst on the go from anywhere in the world with an internet connection.
Some of the key MT4 features include the following:
- Real time price quotes in the market watch window
- Multiple chart types and time frames
- Support for multiple order types
- Technical indicators & drawing tools for analysing the charts
- Automated trading via expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- Set signal alerts via email, SMS and platform pop-ups
- MQL editor to create customised indicators, scripts and EAs
- Market place where traders can share trading tools, signals and ideas
Fullerton Markets PipProfit!
From the PipProfit! platform you can stay informed with relevant market news, events and offerings from Fullerton Markets. Users can scroll through their feed for ongoing activities, upcoming events and launches, videos, news and more to enrich the overall trading experience. You can also be notified whenever new content is released.
You can discover, learn and participate with the PipProfit! mobile app on Android and iOS devices to enjoy a richer, more seamless experience and stay connected while on the go from anywhere, at any time. The PipProfit! app features include:
Watch live webinars, read market reports and gather applicable tips to assist with your online trading.
Quick and easy funding
View your trading account, transfer funds and make deposits and withdrawals with relative ease.
Join the latest events
You can keep up to date with the latest events. Via the app you can register for these events, capture highlights of your participation and share with others by uploading them to the app.
For those who are a Fullerton Markets partner, you can stay connected to their trading network and better engage with new clients.
Monitor business growth
Partners can also monitor valuable data to help assess how your business is performing.
Get rapid assistance
The PipProfit app has a live chat feature where you can get all of your queries answered by the Fullerton Markets support team in real time.
Fullerton Markets Review: Trading Tools
The majority of trading tools offered by the broker are already built into the MT4 trading platform although they do have a few copy trading solutions for investors and money managers.
CopyPip is Fullerton Markets own social trading platform which allows investors to choose from a range of over 300+ signal providers. You can also provide your own trading signals for other traders to copy. Amongst the CopyPip features are:
- Choice of fee models for strategy providers to earn from instead of only performance-based fees
- Many trade & risk allocations methods to choose from compared to some other copy trading platforms
- Ability to set your preferred risk & stop signals at anytime
- Instantly gain access to an extensive global network of potential investors and signal providers
- Increase branding of your fund
- Quick and easy onboarding process
- Dedicated personal support from the brokers partnership department to help you in your business
- Automatic fee calculation for your investors allows you to focus on your trading
- Instant rebate pay-outs instead of daily or weekly
- Fast deposit & withdrawal using direct local banks
Fullerton Markets has formed a collaboration with financial technology provider Tradency. This is a solution for copying trades into your own trading account if you wish to do so. Of course there can be no guarantees on how well these trades will perform and you should have a clear understanding of all the significant risks involved with trading online.
The Mirror Trading concept is quite simple: Tradency servers keep track of strategy developers’ “buy” and “sell” signals. By using the Mirror Trader platform, traders can view, analyze and evaluate signals sent by experienced traders and execute the signals in their own account.
Strategy developers from around the world share their knowledge with users of the Mirror Trader platform. Tradency records all strategy developers’ “Buy” and “Sell” signals. This information assists Mirror Trader’s users to decide which strategy’s signals they would like to have executed in their own brokerage accounts.
Fullerton Markets Review: Education
Fullerton Markets put great emphasis on empowering traders to improve their trading knowledge and skills in order to make informed trading decisions. The broker provides traders with a variety of regularly updated resources that include weekly research and webinars, as well as informative trading videos.
The PipProfit! platform includes regularly updated educational content in various formats. Clients can get economic insights, market analysis and actionable trading ideas with fixtures such as Weekly Market Research and Let’s Trade LIVE!
There is the Fullerton Markets blog which is regularly updated with easy to digest articles, guides, market analysis and more. There are also around 80 tutorial videos on the brokers website that cover general forex topics and how to use the MT4 platform.
Fullerton Markets Review: Trading Instruments
Fullerton Markets have a selection of assets available to trade including forex, metals, indices and crude oil. It must be said that the selection of tradeable assets is limited when compared to some other online brokerages who offer thousands of instruments including individual stocks, cryptocurrencies, commodities and more.
- Forex Currency Pairs: A selection of major, minor and exotic currency crosses
- Metals: Gold and silver
- Indices: US DJ30, US SP500, US Tech 100, German 30, Japan 225, Hong Kong 33, UK 100, Australia 200
- Crude Oil
Fullerton Markets Review: Trading Accounts & Fees
Fullerton Markets keep things simple with just two account types to choose from, the demo or live account. The demo account allows you to practice trading online with virtual funds and to trial the brokers services. The live account minimum deposit is $100 and offers traders leverage of up to 1:500 and spreads from 0.1 pips. The minimum trade size is 0.01 lots whilst you can choose between two spread types, variable or ECN spreads. The broker can provide Islamic swap free accounts that comply with Sharia law for Muslim traders upon request.
The variable spread has a mark-up with no commission fee whereas the ECN spread has no mark-up but a commission fee on top. The spread type that you opt for will most likely depend on your trading strategy. Scalpers for instance may require the tighter spreads whereas swing traders may use strategies that are not so spread dependant.
The variable spreads on the Fullerton Markets MT4 platform are derived from tier-1 Liquidity Providers in Equinix LD4 (a FX-specific data center in London). Price spreads vary throughout the day depending on factors such as available liquidity (supply and demand), market forces, volatility, and the trading session. There are no commissions charged for trade execution, but a brokerage fee is collected from the spreads which are marked-up.
The ECN spreads are derived from an Electronic Communication Network (ECN) that is set up with multiple Liquidity Providers, including banks and hedge funds in Equinix LD4 (a FX-specific data center in London). Traders can gain access to raw spreads from 0.1 pips direct from the market participants at a flat fee of $10 per lot in commission charged for forex instruments.
As broker fees can vary and change, there may be additional fees that are not listed in this Fullerton Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Fullerton Markets broker account for online trading.
Fullerton Markets Review: Customer Service
Fullerton Markets offer clients dedicated support 24 hours a day, five days a week via the online live chat platform. Support languages include English, Chinese, Bahasa (Indonesia & Malaysia), Thai and Vietnamese. They can also be reached via telephone and email.
All clients are supported with a professional team of dedicated customer relationship managers. The broker places priority in training the customer relationship managers to make sure that they continue to give world-class support to all clients.
The customer relationship managers are patient, understanding and equipped with the right knowledge and skills to resolve clients’ issues in a prompt and efficient manner.
Fullerton Markets believe that all traders should have the same level of support regardless of their investment size or experience level. They understand the value of making sure that clients are equipped the necessary trading tools and knowledge that can enable them to effectively compete in the markets.
Fullerton Markets Review: Deposit & Withdrawal
Fullerton Markets have a generous selection of account funding options to suit the needs of different traders all over the globe. They accept credit card, bank transfer and digital wallets such as Neteller, Skrill, UnionPay, FasaPay and bitcoin. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Fullerton Markets strictly do not accept third-party payments. All funds deposited into your trading account must be under the same name as your Fullerton Markets trading account.
Accounts can be opened USD, EUR, SGD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
As fees can vary and change, there may be additional fees that are not listed here in this Fullerton Markets broker review. It is imperative to ensure that you check on the official Fullerton Markets website all of the latest fees and are completely clear about all of the charges before opening a trading account with any online brokerage.
Fullerton Markets Review: Account Opening
If you would like to open a trading account with Fullerton Markets, there is a short online application form to complete via the brokers website. You simply need to fill out some personal information and verify your email address.
Following on from that, you will need to submit documentation as a normal part of the KYC procedures. This can be a proof of identification such as a passport or driver’s license and a proof of address such as a utility bill.
Once your account has been verified by a member of the Fullerton Markets accounts team, you will be able to fund it using one of the convenient methods provided. You can then commence trading online once you feel ready to do so.
Fullerton Markets Review: Conclusion
Overall, Fullerton Markets have a solid online brokerage service that utilises some of the latest cutting-edge technologies to help deliver a satisfying trading experience to all levels of trader. There is the useful PipProfit! app along with copy trading solutions, various funding options and excellent customer support. In addition to this, they are helping communities through charitable work which shows great ethics.
Despite the positives, the broker is unregulated and has a limited asset range compared to some other online brokerages that we have reviewed. Whilst the brokers spreads and commissions are competitive, we did not find them to be the cheapest. Based solely on the fact that they are not regulated, we would consider an alternative regulated broker from our list of best trading brokers.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.