Fullerton Markets Review 2024 with Rankings By Dumb Little Man

Fullerton Markets Review

Forex brokers play a pivotal role in the global financial markets, offering platforms for trading a variety of instruments like currency pairs, metals, oil, and indices. Among these, Fullerton Markets emerges as a notable player, particularly recognized for its offerings in the Asia-Pacific region. This broker stands out not only for its trading opportunities but also for its unique feature of enabling clients to earn passive income through investment programs.

In our comprehensive Fullerton Markets review, we delve deep into the broker’s offerings. We aim to provide a thorough examination, highlighting both the strengths and potential limitations of their services. This review is designed to equip traders with essential insights, covering aspects like account types, deposit and withdrawal methods, commission structures, and more. By merging expert analysis with real trader feedback, our goal is to present a balanced view, aiding you in making an informed decision about whether Fullerton Markets aligns with your trading objectives.

>> Also Read: 8 Ways To Read Forex Charts: In Depth Guide For Beginner

What is Fullerton Markets?

Fullerton Markets is a forex broker known for providing a diverse range of trading instruments. This broker facilitates trading not just in forex currency pairs, but also in other assets like indices, precious metals, and oil. Its primary focus, however, remains on forex trading, where it offers an extensive selection of over 100 currency pairs. These include major, minor, and exotic pairs, catering to a wide array of trading preferences and strategies.

Despite its efforts to be recognized as a broker with favorable conditions, Fullerton Markets faces a significant drawback – it is not a regulated broker. The only certification it holds is an offshore license, which unfortunately, does not offer comprehensive protection to its traders. This aspect is crucial for traders to consider, as the lack of strong regulatory oversight can influence the safety and security of their investments.

Safety and Security of Fullerton Markets

The safety and security of client funds is a critical aspect of any Forex broker’s operations. Fullerton Markets addresses this by using segregated accounts to store its clients’ funds. This approach ensures that the broker cannot access these funds for any personal or internal business purposes, thereby adding a layer of security for traders’ investments.

Furthermore, Fullerton Markets offers an additional safety net to its clients in the form of insurance. This insurance is designed to protect clients in specific scenarios, such as losses incurred due to inappropriate advice from the broker’s employees or as a result of fraud. This feature signifies the broker’s commitment to client protection and ethical business practices.

However, it’s important to note that Fullerton Markets is not regulated by any independent authorities. This lack of regulation can be a potential risk factor for traders. Hence, it’s advisable for traders to exercise caution and conduct thorough research, such as consulting sources like Dumb Little Man, before engaging in trading activities with this broker. This cautious approach is essential in navigating the complexities of Forex trading with unregulated entities.

Pros and Cons of Fullerton Markets

Pros

• Free trading tools
• Islamic accounts (swap-free)
• Investment program options
• Broker covers most deposit and withdrawal fees
• Negative balance protection

Cons

• MAM accounts not available for Islamic account holders
• No bonus programs with negative balance protection
• Lack of third-party regulation

Sign-Up Bonus of Fullerton Markets

Fullerton Markets offers an Accelerator Bonus to give traders a strong start in their trading journey. This bonus can significantly boost a trader’s initial capital. By simply depositing into a new trading account, Fullerton Markets matches the deposit with an equal amount of credits, up to USD 10,000. This effectively doubles the trader’s starting capital, potentially accelerating their earning speed.

What makes this sign-up bonus particularly attractive is its convertibility feature. Traders have the opportunity to convert these credits into cash. For every 50 lots traded, USD 100 of the credited amount becomes available for withdrawal as cash. This feature not only enhances the trading experience but also provides a tangible reward for trading activity, making it a noteworthy aspect of Fullerton Markets’ offering.

Minimum Deposit of Fullerton Markets

The minimum deposit required to start trading with Fullerton Markets varies based on the method of funding. For traders opting to fund their accounts through most methods, the minimum amount is set at USD 100. This relatively low entry point makes Fullerton Markets accessible to a wide range of traders, from beginners to more experienced individuals.

However, it’s important to note that if a trader chooses to fund their account via bank transfer, the minimum deposit requirement increases to USD 200. This difference in minimum deposit thresholds based on funding methods is a crucial detail for traders planning their financial strategies and choosing their preferred mode of account funding.

Fullerton Markets Account Types

Fullerton Markets provides a streamlined approach to account types, offering a singular Live Account for real market trading. This approach simplifies the choice for traders, focusing on one comprehensive account type. After thorough testing and research by our team of experts at Dumb Little Man, the key features of Fullerton Markets account types are:

• Live Account:
  • Access to both MT4 and MT5 trading platforms.
  • Availability of MAM (Multi-Account Manager) accounts.
  • Option to use CopyPip accounts for social trading.

Additionally, for those looking to practice or familiarize themselves with trading without financial risk, Fullerton Markets offers a Demo Account. This account mimics real account conditions, allowing traders to test their strategies and gain confidence before transitioning to live trading. This feature is particularly beneficial for new traders or those looking to refine their trading techniques.

Fullerton Markets Customer Reviews

Customers generally express satisfaction with Fullerton Markets, highlighting several key aspects of their service. A notable feature is the conditional approval status, allowing traders to start trading with just an ID document and deposit up to USD 2000. Importantly, withdrawals of profits are unrestricted, even with conditionally approved accounts. The broker’s customer support is highly praised for its accessibility and effectiveness, available through various channels like WhatsApp, Line, Viber, Telegram, Facebook, and Instagram. Users appreciate the ease of locating support on the broker’s website.

Reviews consistently mention the speed and efficiency of deposits and withdrawals, as well as the prompt and effective resolution of issues. The presence of real people in customer support, as opposed to automated chatbots, is particularly valued. Overall, customers describe Fullerton Markets as one of the best brokers to trade with, citing good trade execution speeds, reliable support, and a high level of trustworthiness, based on experiences over extended periods such as two years. These positive experiences contribute to Fullerton Markets’ reputation as a trustworthy and user-friendly broker.

Fullerton Markets Fees, Spreads, and Commissions

At Fullerton Markets, the fees, spreads, and commissions are structured to cater to different trading preferences. Traders have the option to choose between floating spreads and fixed ECN spreads. With the floating spread option, there is no additional commission, making it a cost-effective choice for many traders. However, if a trader opts for a fixed ECN spread, primarily for currency pairs, an additional fee of $10 per lot is charged.

Notably, Fullerton Markets does not impose any account maintenance fees, which is a significant advantage for traders. However, accounts that remain inactive for more than 180 days are subject to a monthly inactivity fee. This fee is the lesser of $5 or the account balance, and is deducted until the account balance reaches zero. Funds from inactive accounts are then donated to the Fullerton Markets charity, highlighting the broker’s commitment to social responsibility.

When it comes to withdrawal fees, Fullerton Markets generally covers these costs for its traders. The exceptions are withdrawals made via bank transfers, where the commission is charged by the bank, and those involving cryptocurrency transactions, which incur a commission of 2–4% of the transaction amount. This fee structure reflects the broker’s effort to maintain transparency and fairness in its trading environment.

Deposit and Withdrawal

Fullerton Markets offers a versatile range of options for depositing and withdrawing funds, catering to clients globally. Traders can use various methods including MasterCard, Sticpay, Visa, and other MasterCard bank cards; electronic payment systems like Skrill, Neteller, FasaPay; cryptocurrency; bank transfers; and local transfers in several countries including Malaysia, Vietnam, Thailand, Indonesia, the Philippines, China, Myanmar, Cambodia, Laos, and India. This information was confirmed by a trading professional at Dumb Little Man after thorough testing.

Withdrawal requests at Fullerton Markets are efficiently processed within 1 business day, with the funds typically transferred within 2-4 days. For withdrawals through local transfers, cryptocurrency wallets, and bank transfers, traders should note that there are minimum and maximum limits on withdrawal amounts.

Deposits, except those made via bank transfer, are usually processed within 1 business day. However, funding through bank transfer can take between 2-5 business days. This highlights the broker’s commitment to quick and efficient transaction processing.

In terms of fees, Fullerton Markets covers most deposit and withdrawal fees. There are three exceptions where the trader bears the commission: bank transfer, cryptocurrency funding (with a 2-4% fee), and Neteller transactions (2% fee) for clients from specific countries. Finally, for all financial transactions, it’s mandatory for traders to verify their account by uploading identity documents, ensuring security and compliance with financial regulations.

How to Open a Fullerton Markets Account

1. Navigate to Fullerton Markets‘ website and select the “Open Account” button.
2. Fill out the registration form with your name, phone number, and email, and select your language preference.
3. Opt to sign up using your Apple, Facebook, or Google account if preferred.
4. Download the Fullerton Markets mobile app after submitting your details.
5. Look for a confirmation email from Fullerton Markets and follow the link to confirm your registration.
6. Access your account by logging in with your email and password.
7. Verify your phone number by entering the country code and number, then click “Proceed” and “Confirm”.
8. Receive a verification code via SMS and enter it in the specified field.
9. Click on “Proceed” to complete the phone verification process.

Fullerton Markets Affiliate Program

Fullerton Markets offers a comprehensive Affiliate Program, designed to suit various types of partners, each with its unique benefits and responsibilities.

1. Introducing Broker (IB): Participants manage portfolios under the Fullerton Markets brand. They receive discounts, commissions, exclusive training, access to marketing materials, and tools for quality work.
2. Money Manager: This role involves managing the accounts of other Fullerton Markets clients. The primary task is to execute profitable transactions, benefiting both the manager and their referrals. Fullerton Markets supports this role with modern software, options to receive client funds in one of four currencies, and professional reports.
3. White Label: Participants in this program can develop their own trading business using Fullerton Markets’ services. The broker offers technical support, training, and the ability to set spread sizes.

All participants in the Fullerton Markets Affiliate Program not only receive the necessary conditions and instruments for effective work but also have the opportunity to earn additional income. The amount of income is contingent on the chosen program and trading results, varying for each user individually. This program structure provides flexibility and potential for growth for its affiliates.

Fullerton Markets Customer Support

Fullerton Markets excels in customer support, offering a variety of communication channels to cater to different client needs. This information is based on the firsthand experience of Dumb Little Man with their customer service. One convenient option is the feedback form on their website, ideal for non-urgent inquiries. It allows clients to submit detailed queries and feedback, with a reasonably prompt response time.

For more immediate communication, clients have the choice of sending an email or calling the provided phone number. Emailing is effective for in-depth discussions, while phone calls are best suited for urgent matters needing quick resolution. Additionally, the online chat feature on their website is notably efficient for obtaining instant answers to straightforward questions. This multi-channel approach significantly enhances the overall trading experience, ensuring that support is always within reach for Fullerton Markets’ clients.

Advantages and Disadvantages of Fullerton Markets Customer Support

Fullerton Markets vs Other Brokers

#1. Fullerton Markets vs AvaTrade

Fullerton Markets is known for its conditional approval status, no additional commission for floating spreads, and charitable donations from inactive accounts. AvaTrade, on the other hand, excels with a strong regulatory framework, a wider range of financial instruments (over 1,250), and global presence except in the US.

Verdict: AvaTrade is better for traders seeking a highly regulated environment and access to a wider range of trading instruments. Fullerton Markets may appeal to those looking for innovative account features and lower commission structures.

#2. Fullerton Markets vs RoboForex

Fullerton Markets offers unique features like earning passive income through investment programs and no account maintenance fees. RoboForex, established in 2009, is recognized for its advanced technology, broad range of trading platforms, and ContestFX for demo account contests.

Verdict: RoboForex is a better choice for traders who value technological sophistication and a variety of trading platforms. Fullerton Markets, however, is more suited for traders interested in investment program opportunities and lower operational costs.

#3. Fullerton Markets vs FXChoice

Fullerton Markets has a strong focus on the Asia-Pacific region, with no additional commission for floating spreads and no account maintenance fees. FXChoice, founded in 2010 and regulated by FSC Belize, is tailored for experienced traders, offering ECN accounts with tight market spreads and a 90-day demo account.

Verdict: FXChoice is better for experienced traders seeking tight spreads and advanced account types. Fullerton Markets, however, may appeal to a broader range of traders, especially those in the Asia-Pacific region, looking for lower cost structures and flexible trading options.

Choose Asia Forex Mentor for Your Forex Trading Success

For those determined to build a successful career in forex trading and attain significant financial returns, Asia Forex Mentor is the leading choice for comprehensive forex, stock, and crypto trading courses. At the helm of Asia Forex Mentor is Ezekiel Chew, a celebrated figure in the realm of trading education for institutions and banks. Notably, Ezekiel regularly secures seven-figure trades, a feat that distinguishes him from his peers in the educational sector. The key factors that solidify our endorsement include:

Comprehensive Curriculum: Asia Forex Mentor provides an extensive educational program encompassing stock, crypto, and forex trading. The curriculum is meticulously designed to furnish aspiring traders with essential skills and knowledge for success in these varied markets.

Proven Track Record: The effectiveness and credibility of Asia Forex Mentor are underscored by its history of nurturing traders who consistently profit in different market segments. This success reflects the strength of their training and mentorship approaches.

Expert Mentor: Students at Asia Forex Mentor benefit from the expertise of an accomplished mentor in stock, crypto, and forex trading. Ezekiel’s personalized guidance empowers students to confidently tackle the complexities of each market.

Supportive Community: Enrolling in Asia Forex Mentor grants access to a community of ambitious traders focused on excelling in stock, crypto, and forex markets. This environment encourages mutual learning, sharing of ideas, and collaboration, enriching the learning process.

Emphasis on Discipline and Psychology: The program recognizes the importance of mental fortitude and discipline in trading. Asia Forex Mentor emphasizes psychological training to aid traders in emotion management, stress handling, and making informed decisions.

Constant Updates and Resources: With the ever-evolving nature of financial markets, Asia Forex Mentor ensures students stay informed about the latest trends and strategies. Ongoing access to valuable resources is provided to keep traders at the forefront of market developments.

Success Stories: Numerous students of Asia Forex Mentor have successfully reshaped their trading careers and attained financial independence, showcasing the impact of their holistic education in forex, stock, and crypto trading.

Asia Forex Mentor stands out as the top selection for aspiring individuals seeking the finest forex, stock, and crypto trading courses. It offers an all-round educational experience, combining a thorough curriculum, expert mentorship, practical learning, and a supportive community, positioning Asia Forex Mentor as an essential platform for developing proficient traders in various financial markets.

Conclusion: Fullerton Markets Review

The team of trading experts at Dumb Little Man have found that Fullerton Markets stands out as a notable forex broker, especially for clients in the Asia-Pacific region. The broker’s no additional commission for floating spreads, innovative investment programs, and insurance against inappropriate advice or fraud are significant advantages that enhance the trading experience.

However, it’s important for potential traders to be aware of the lack of regulation by independent authorities. This could pose a risk, and it’s crucial for traders to consider this factor seriously before engaging with the broker. Additionally, while Fullerton Markets provides a broad range of deposit and withdrawal options, the fees associated with certain methods like bank transfers and cryptocurrency transactions should be noted.

>> Also Read: AvaTrade Review 2024 with Rankings By Dumb Little Man

Fullerton Markets Review FAQs

Is Fullerton Markets a Regulated Forex Broker?

No, Fullerton Markets is not regulated by independent authorities. The company holds an offshore license, which may not provide the same level of protection as regulation by reputable financial watchdogs. Traders should exercise caution and thoroughly research before choosing to trade with Fullerton Markets.

What Are the Deposit and Withdrawal Options at Fullerton Markets?

Fullerton Markets offers a variety of deposit and withdrawal options, including MasterCard, Visa, electronic payment systems like Skrill and Neteller, cryptocurrency, bank transfers, and local transfers for clients from specific regions. While most withdrawal fees are covered by the broker, it’s important to note that bank transfers, cryptocurrency funding, and certain Neteller transactions may incur fees.

Are There Any Inactivity Fees for Fullerton Markets Accounts?

Yes, Fullerton Markets charges inactivity fees if a trader does not use their account for more than 180 days. The fee is either $5 per month or the amount of the account balance, whichever is less. Inactivity fees continue until the account balance reaches $0, at which point the funds are sent to a charitable cause supported by Fullerton Markets.