One of the benefits offered by Fullerton Markets is the easy deposit and withdrawal. Read the article below for the full tutorial.
One of the most considered aspects when it comes to choosing a broker is the ease of deposits and withdrawals. If you want to fund your account quickly and use the money immediately for trading, it's highly recommended to sign up with a broker that offers instant deposits and withdrawals. One such broker is Fullerton Markets.
Founded in 2015, Fullerton Markets provides an extensive list of payment methods that you can choose from:
- Credit Card (MasterCard)
- Sticpay
- e-Wallets (Neteller, Skrill, FasaPay)
- Cryptocurrency (Bitcoin, Ethereum, Ripple)
Aside from the abovementioned options, the broker also offers local transfers in certain countries, such as Malaysia, Vietnam, Thailand, Indonesia, Cambodia, Laos, Philippines, China, Myanmar, and India.
The minimum deposit is 100 USD, except for deposits via cryptocurrency (200 USD or equivalent). There is no minimum withdrawal, except for cryptocurrency (100 USD). Before making any deposit or withdrawal, make sure that the credit card or payment account is in your name and country of residence. Fullerton Markets does not accept any deposit/withdrawal to and from third parties.
www.fullertonmarkets.com
1:500
$200
2015
Fullerton Markets is a broker for online trading catering their services to traders worldwide. Established in 2015, CEO Mario Singh stated that the company's vision is to be a disruptive force in three areas of the trading industry: the safety of funds, speed of execution, and system of wealth creation. The "3S" principle was later realized by enforcing several features like segregated bank accounts, partnership with tier-one banks and Equinix, as well as analytical contents and partnership programs.
Fullerton Markets obtained Certificates of Registration by the New Zealand Intellectual Property Office, but the company was incorporated under the International Business Companies (IBC) of the revised laws of St. Vincent and the Grenadines. Thus, it can be safely concluded that Fullerton Markets is an offshore registered broker despite its initial founding in New Zealand territory.
Speaking of trading instruments, Fullerton Markets has provided traders with a variety of assets in Forex, Metals, Indices, and Crude Oil markets. Trading conditions for each instrument are described thoroughly in their dedicated pages at Fullerton Market's official website. This is important as it indicates the broker's transparency to provide the clearest information possible for prospective clients.
The only downside found in Fullerton Market's specs is their lack of ability to follow the latest trends to present alternative platforms; it still offers MetaTrader 4 as the sole trading platform for traders. Nonetheless, Fullerton Markets is quite lucrative in offering other ways for online trading. The company is, in fact, infamous for its proprietary copy trading system labeled as CopyPip. Besides, Fullerton Markets also provided an optional mirror trading through financial technology provider Tradency.
Leverage is set at 1:500 as the highest, while minimum trade volume can go as low as 0.01 lot. Trading in Fullerton Markets is also equipped with the ability to choose 4 base currency options (USD, EUR, NZD, & SGD) for their trading account.
As for fundings and withdrawals, Fullerton Markets opts to arrange them via various payment methods. From bank transfers to digital wallets, traders are free to choose their most preferred methods. Even better, this broker has accepted payments via Bitcoin, as well as local transfer in 6 different jurisdictions (Thailand, Malaysia, China, Indonesia, Vietnam, and the Philippines), signifying its commitment to expand further toward the Asian region.
To sum up, Fullerton Markets is a forex and CFD broker with a friendly trading environment for retail traders with high interest in low spreads. Furthermore, traders residing in South East Asian countries can process their deposits and withdrawals easier by this broker's special connection to enable Local Transfer in the region. Still, considering their offshore-based status, it is safer to learn how to manage the high-risk of trading in such broker prior to opening a live account in Fullerton Markets.
Steps to Make Deposit in Fullerton Markets
There are three currencies that you can choose to make deposits, namely USD, EUR, and SGD. It is strongly recommended to use the same currency as your base currency. Otherwise, you will be charged an additional conversion fee according to the current exchange rates.
Here's how to process a deposit in Fullerton Markets:
- Head over to Fullerton Markets' official website and create a new account if you haven't already. Then, log in to your account using your email and password.
- Click "Deposit Funds" in your Fullerton Suite.
- Select the payment method that you'd like to use to make a deposit.
- If you use credit card or e-wallet, simply fill out the deposit form. This includes providing your email, trading account, currency, and the amount that you'd like to deposit.
- Provide your credit card information. Make sure that the information is correct and that the card is registered in your name.
- You will be directed to the payment system. Follow the instructions to transfer your funds to your trading account.
- All done! You can sit back and wait for the funds to appear in your account balance.
Steps to Make Withdrawal in Fullerton Markets
Before you can make a withdrawal, you must first complete the documents required by the broker. This shows how Fullerton Markets takes security concerns pretty seriously.
Here are the withdrawal guides to help you:
- Once you entered your Fullerton Suite, click "Withdraw Funds".
- Fill up the withdrawal form and provide the required information such as the account details, the amount that you wish to withdraw, and the payment method.
- You may notice that there are two withdrawal boxes to fill out. The first box is for the withdrawal that uses the same method as the initial deposit, so it's used to return the deposited funds back to the source. Meanwhile, the second box is to withdraw the profit that you gained from trading in Fullerton Markets. You can use any alternative method available.
- Once you're done, click "Continue". The broker will process your withdrawal request and the funds will be transferred to your account in several business days.
3 Things You Need to Know
- Payment Fees
All deposits and withdrawals in Fullerton Markets are free of charge regardless of the amount. However, there may be additional fees charged by the service providers or bank institutions. Therefore, the amount may vary depending on the payment method used to make the transaction. The fees will be deducted from the transferred deposit or withdrawal amount according to the fee structure. - Duration
The time needed to process the withdrawal request also depends on the payment method. Essentially, the broker will process your request within 24 hours after the submitted time. Once the service provider has debited the funds out of your trading account, the funds will be released to your bank or credit card account. This process can take up to 5 business days. In order to avoid delays, please make sure that you have submitted the correct information. - Specific Use of Payment Method
It is worth noting that the deposited amount must be returned to the source from where it came. Therefore, it can only be withdrawn using the same payment method as the initial deposit. Any profit you gain from trading activities can be withdrawn using any alternative method as long as the account is in your name.
In conclusion, we can see that making deposits and withdrawals in Fullerton Markets is pretty easy and straightforward. However, this does undermine the safety of the service. This is why there are multiple rules that you must understand before making any deposit or withdrawal request.
Fullerton Markets is a forex and CFD broker that prides itself on fund safety, quick execution, and a system of wealth creation. Founded by Mario Singh, Fullerton Markets is also supported by tier-one liquidity providers, 24-hour dedicated support, and offers negative balance protection as well as a number of in-house services like CopyPip, KryptoPips Loyalty Program, and EmpowerEarnings.
5 Comments
Oct 30 2023
Initially, I wasn't particularly interested in this broker, but after reading this article, I'm intrigued because of how easy it seems to make withdrawals. I like how the broker doesn't charge any fees for making deposits/withdrawals. It would be very helpful for active traders who like to move their money often from one account to another as a part of their grand investment plan. But aside from that, does the broker offer any kind of deposit bonus or other incentives for new clients? I've seen brokers that offer this type of bonus, but I know for a fact that not all of them are reliable. More often than not, these bonuses are not available for withdrawal or require you to trade millions before it can be cashed out.
Oct 30 2023
Hello there. According to the broker's website, Fullerton Markets currently offers a deposit bonus program called the Accelerator Bonus. Simply fund your account and the broker will give you the same amount of credits of up to $10,000. This means, you will get double of your starting money and earning speed. Also, don't worry. The bonus can be withdrawn with certain conditions. For every 50 units you trade, you can convert $100 credit amount to cash, so you can withdraw them straight to your bank account. Pretty sweet, huh? I suggest you sign up with the broker now because these bonuses usually have time period. For all we know, the promo might end soon so don't be late. Good luck and happy trading!
Oct 30 2023
Great review! I was looking for deposit and withdrawal guide in Fullerton Markets and this is one of the first articles I found. One thing that catches my eyes is the credit card option. I've heard that credit cards are expensive, but are they worth the price? What are the benefits of using this method? And lastly, I also want to know more about the local transfer option. As far as I know, only a handful of brokers offer this type of service, so I'm quite impressed that Fullerton Market can provide for a bunch of countries. Does this mean that the condition in each country is different? Is it recommended to use the local transfer service? Thank you
Oct 30 2023
Before we talk about the benefits, first you must know that credit cards come with several conditions to be considered. In order to make a deposit using credit card, you must ensure that the card is in your name and in your country of residence, with at least 6 months validity (the card can't be expired). Also, if you deposit via credit card, you are only allowed to withdraw 30 days later. If you fail to comply, you may be charged with a penalty alongside of the additional fee.
Moving on to the good side, credit cards are convenient and incredibly fast. Deposits are processed within 1 business day or less, whereas withdrawals usually takes about 2-4 business days. The best thing about it is that the minimum deposit is only 100 USD and there is no minimum withdrawal. I personally like credit cards because of these reasons. It may be a little pricey, but it's certainly worth it.
Oct 31 2023
Yes, you are right. The conditions for local transfer may vary from one country to another. You'll have to check on the broker's website for the details of each one. If you're from Indonesia (like me), there are several bank options that you can choose: Mandiri, BNI, and BRI. The minimum deposit is 100 USD or equivalent. As for withdrawal, the minimum amount is 200k IDR and the maximum amount is 100 million IDR.