Fullerton MarketsTrading PlatformsAssetsSpreads & CommissionLeverageMobile AppsPayment MethodsDemo AccountDeals & PromotionsRegulation StatusAdditional FeaturesAccount TypesTrading HoursCustomer SupportSecurityFullerton Markets VerdictAccepted CountriesAlternatives to Fullerton MarketsFAQ
Fullerton Markets is an international forex broker offering a suite of trading services, including an MT4 download and its proprietary PipProfit! app. This review covers everything you need, from spreads to regulation. Find out if you should log in and trade with Fullerton Markets.
Fullerton Markets
Formerly established in New Zealand in 2016, Fullerton Markets International Limited is an offshore brokerage now based in Saint Vincent and the Grenadines. The company is led by Singapore-based CEO, Mario Singh.
Fullerton Markets operates through three main principles: the safety of funds, speed of execution, and a system of wealth creation. The company has won several awards since 2017 and has secured some high profile sponsorship deals, including with the New Zealand Hurricanes rugby team.
Trading Platforms
MetaTrader 4
Fullerton Markets offers the widely favoured MT4 platform for clients of all experience levels. The platform is known for its user-friendly interface and comes with a range of features, including one-click trading and advanced charting capabilities.
Clients can take advantage of over 50 customisable indicators and graphical objects for technical analysis. The nine time-frames also allow for detailed price analysis, spanning from one minute to one month. Automated trading is supported by the use of Expert Advisors (EAs), which can be back-tested using historical data.
Fullerton Markets MT4 platform
MT4 can only be downloaded once you have registered for an account and signed in to the client terminal (Fullerton Suite).
MetaTrader 5
Users also have access to the powerful MT5 platform. A step up from the MT4 terminal, the latest platform from MetaTrader offers more advanced trading tools. 21 timeframes are available, along with six pending order types, an integrated economic calendar and a choice of colour schemes.
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.
Fullerton Markets MetaTrader 5 platform
The MT5 platform can be downloaded from the broker’s website while the mobile app can be downloaded from the respective app store.
Assets
Fullerton Markets offers a limited number of tradable prodcuts across:
Forex – 11 popular currency pairs including EUR/USD and GBP/USD
Indices – 8 indices available, including the FTSE 100
Metals – Gold and silver only
Crude Oil – US crude oil only
This review was a little disappointed by the limited product list available. Traders looking for greater market coverage should look elsewhere.
Spreads & Commission
There are two types of spreads available at Fullerton Markets: variable spreads and ECN spreads. Variable spreads on major currency pairs such as EUR/USD start from around 0.3 pips. Unfortunately, the broker’s presentation of contract specifications needs some improvement, especially given that they do not disclose spreads for any other assets.
There is no commission charged on variable spreads but there is a flat fee of $10 per lot for forex instruments with ECN spreads.
Leverage
Leverage depends on the size of your account balance at Fullerton Markets, reaching a maximum of 1:500:
1:10 – 1:100 – Above $25,000
1:10 – 1:200 – Up to $25,000
1:10 – 1:300 – Up to $10,000
1:10 – 1:400 – Up to $5,000
1:10 – 1:500 – Up to $2,000
Details of margin calculations can be found on the broker’s website.
Mobile Apps
Fullerton Markets offers its proprietary mobile platform, PipProfit!, which is not for trading purposes but provides regular market news, event information, and trading data. Users can also access educational resources including market analysis and economic insights, as well as manage deposits and withdrawals within the client terminal.
Fullerton Markets mobile app
The app is compatible with iOS and Android smart devices.
Payment Methods
Deposits
There are several funding options available that generally require a minimum deposit of $100 (or currency equivalent). Deposit currencies are USD, EUR, and SGD.
Available methods include:
Bank wire
Credit card
Sticpay (Visa/Mastercard)
Cryptos (Bitcoin, Ripple, etc)
Fast transfer (Singapore only)
E-wallets (Neteller, Skrill, Fasapay)
Local Transfer (Malaysia, Vietnam, Thailand, Indonesia, Philippines, China)
Processing times are around 2 – 5 working days for bank wire and 1 working day for credit cards and e-wallets. All processing fees are fully covered by the broker.
Withdrawals
There is no minimum withdrawal amount for credit cards, Sticpay, and e-wallets. All other methods vary and can be found on the website. Most processing fees are fully covered by Fullerton Markets, except for withdrawals via bank wire, Singapore fast transfer, and local transfers in the Philippines, which may incur intermediary fees.
Fullerton Markets also provides a prepaid Mastercard to VIP clients. It can be used to purchase goods/services and withdraw cash from ATMs, just like a bank card. Clients can also withdraw their trading funds to the card and use it to pay with their profits.
Demo Account
Fullerton Markets offers a demo account on the MT4 platform, as well as the CopyPip platform. The default virtual balance on the MT4 demo is set at 10,000, however users can change the deposit amount within the platform. Note that the demo will expire after 30 days if there is no activity on the account.
Deals & Promotions
There are some bonus deals available, including a Stay At Home bonus for CopyPip account users, that awards a 10% credit bonus on deposits of $100 or more. There is also an Infinity bonus that awards 6 levels of deposit bonuses, though this is only available for a selected number of countries within Asia. See terms and conditions for details.
Regulation Status
Fullerton Markets International Ltd is registered and incorporated as an offshore entity in Saint Vincent and the Grenadines.
The broker is not regulated, however, it does emphasise fund safety with its triple-layered Fullerton Shield protection scheme. This includes segregated bank accounts, Independent Custodian Protection and Professional Indemnity and Crime Insurance. Full details of Fullerton Shield can be found in the FAQs.
Fullerton Markets also provides negative balance protection, which is available upon request from the Fullerton Suite.
Additional Features
Clients enjoy several additional features at Fullerton Markets, including the broker’s own social and copy trading platform, CopyPip, as well as the PipProfit! app, which is packed with educational resources. You can also access blogs and video tutorials from the website, plus an international holiday notice board.
A unique feature that’s not often seen with other brokers is Fullerton Markets’ charity work page, the Fullerton Foundation, which is updated with various community projects around Asia.
Account Types
There is only one live account on offer at Fullerton Markets, but clients can choose between variable spreads or ECN spreads. The minimum deposit is $100 and the minimum trade size is 0.01 lots. The standard account provides full access to the broker’s suite of trading tools, MT4 platform download, copy trading service, and additional market analysis features.
Islamic swap-free accounts are also available upon request.
Benefits
Reasons to open a Fullerton Markets account include:
PipProfit, CopyPip and MT4 platforms available
Fund safety and negative balance protection
Fast live chat
Drawbacks
Downsides to trading with Fullerton Markets include:
Single account offering
Offshore & unregulated
Limited trading instruments
Trading Hours
Forex markets open on Monday at 00:00 and close on Friday at 24:00 (GMT+3). Trading hours for metals and crude oil run from Monday to Friday, 01:00 to 24:00 GMT+3. Trading hours for indices vary and can be found on the broker’s website.
Customer Support
Support is available 24/5 via the online contact form or using the live chat service, which was fast and helpful when tested. Alternatively, there is an email address and telephone number available:
Email – support@fullertonmarkets.com
Telephone – +44 20 3808 8261
Fullerton Markets’ head office is located at First Floor, First St. Vincent Bank Ltd Building, James Street, P.O. Box 1574, Kingstown, VC0100, St. Vincent and the Grenadines.
Security
MT4 follows standard security protocols to keep data exchanged between servers safe, including Secure Sockets Layer (SSL) encryption. There is also the option to enable two-factor authentication upon login.
Fullerton Markets Verdict
Fullerton Markets offers an excellent MT4 platform download plus valuable additional features, including the PipProfit! app and CopyPip service. However, it would be nice to see a more diverse range of tradable products and more transparency around spreads and trading fees. Also, due to the lack of regulatory oversight, there are alternative brokers that we’d recommend first.
Accepted Countries
Fullerton Markets accepts traders from Australia, Thailand, Canada, United States, South Africa, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Fullerton Markets from Hong Kong, Japan, United Kingdom, Singapore, Iran, Cuba, Sudan, Syria, Korea.
Alternatives to Fullerton Markets
If you are looking for alternatives to Fullerton Markets we have compiled a list of the top 5 brokers that are similar to Fullerton Markets below. This list of brokers like Fullerton Markets is in order of similarity and only includes companies that accept traders from your location.
OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
TP Global FX – TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
FAQ
How do I download MT4 at Fullerton Markets?
MT4 can be downloaded once you have registered for an account and signed in to the Fullerton Suite.
What account types are offered at Fullerton Markets?
Fullerton Markets offers one account type with a choice of variable spreads or ECN spreads within the MT4 platform. The standard account comes with access to the full suite of trading tools and features.
What leverage is offered at Fullerton Markets?
Leverage limits vary depending on account balance but go up to a maximum of 1:500 for accounts with less than $2,000.
Is Fullerton Markets regulated?
Fullerton Markets is not currently regulated and operates as an offshore financial services entity. As such, prospective clients will be offered limited legal recourse should they encounter withdrawal problems.
How much capital do I need to trade with Fullerton Markets?
The minimum initial deposit required is $100. This makes Fullerton Markets an accessible broker for new traders.