Fullerton Markets review (2021) Review
They have three types of accounts. Demo on MT4, demo on MT5 and a live account and from what I can see, all accounts have the same conditions, only different platforms
Fullerton Markets International Limited is an offshore brokerage, established in New Zealand in 2016, now based in Saint Vincent and the Grenadines. The company has won several awards since 2017. They offer 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 as well as a demo account and many awards that are proudly shown on their website.
- Regulation – none
- deposit – 100 USD
- Leverage – 1:500
- Spread – Variable
What can be traded
Fullerton Markets offer a limited amount of tradeable assets:
- Crude oil
They have three types of accounts. Demo on MT4, demo on MT5 and a live account and from what I can see, all accounts have the same conditions, only different platforms.
Fullerton Markets International Ltd is not regulated but registered and incorporated as an offshore entity in Saint Vincent and the Grenadines.
It does emphasise fund safety with its triple-layered Fullerton Shield protection scheme, which includes segregated bank accounts, Independent Custodian Protection and Professional Indemnity and Crime Insurance.
A demo account is one of the best tools for beginners. It’s a virtual account, where you learn how to invest using a specified platform. Usually, demo accounts are free of charge, opened for a limited period and pre-loaded with virtual money for you to play around with, without risk. Fullerton Markets offer two demo accounts. On MT4 and one on MT5, you can learn on a real platform, which is a good asset. The default virtual balance on the MT4 demo is set at 10,000, and it expires in 30 days.
Most processing fees are fully covered by Fullerton Markets, except for withdrawals via bank wire and others, you should check their website for exceptions. All processing fees are fully covered by the broker, this can be found on their website too.
As I am a beginner, I have chosen to go for a demo account first and MT4. MT4 is known to be a better platform than MT5 for its features. To register, you need to find their account offers and click on the “open demo”. Then a long form comes up for you to fill in. I`m not impressed by this, as I know, that with other brokers, the form is much shorter. I fill in my name, surname, prefix, number, country, prefered name, prefered language etc The welcome email came in a second with my login details, but the page where I have filled in my details has stayed blank. I had to go back to my email and try to download the MT4 terminal from there, but the download didn`t work. I`m on a Mac, maybe that`s why I cannot download it. And no other options were offered.
And the web page is still blank. So I tried the live chat, filled in what they needed, but no action there either.
Fullerton Markets platforms
Fullerton Markets offers the widely favoured MT4 platform and also MT5. These platforms are for all experience levels. The platforms are known for their user-friendly interface and come with a range of features, including one-click trading and advanced charting capabilities. For example, you can take advantage of over 50 customisable indicators and graphical objects for technical analysis. Also, you can download a mobile app “PipProfit!”. This is a comprehensive platform that groups your trading resources in one place, PipProfit! keeps you updated on events, offerings and relevant news from Fullerton Markets.
Fullerton Markets keep everything simple. Their website is very simple and everything is kept short and easy. I found all the information I needed, it worked well for me. In the top part of the website you have the main menu, where you`ll find these options:
- Media and events
I checked out the education option and found, that they offer beginners a blog and videos. The blog is up to date and the design looks good. They offer MT4 and MT5 videos and Forex videos.
Broker have a few active accounts. Facebook, Linked In, Twitter and Instagram. On Facebook, there are around 60 000 followers, which is not bad and their posts are up to date too. They post a couple of times a day. You`ll find news, events, analysis etc
Linked in was also up to date but Twitter is a year behind. On their website, they offer live chat, but the downside is when I tried to use it, filled in the details, nothing happened, so I didn`t have the chance to actually speak to someone.
Advantages and disadvantages of Fullerton Markets
The website is super simple, everything is short and straightforward. One live account a demo account and some videos for beginners. They have a mobile app, where you can get events and news about investments. There are some bonus deals available, including a Stay At Home bonus for CopyPip account users and like I said, it is all very short and simple. Their instruments are limited, no regulation, but plenty of awards, the demo and MT4 download didn`t work for me and the live chat also didn`t respond.
- No regulation
- Platform download disfunctoinal
- Only one account
- Limited asset range
- Demo accounts
- $100 deposit
- PipProfit mobile app
- Awards and promotions
Pros / Cons