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FMIL Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.fullerto..., the company's legitimate regulatory information United KingdomFCAAppointed Representative(AR) to enhance the security of the company's address

FMIL Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Fullerton Markets International Limited

Abbreviation

FMIL

Company employee

Customer Service Email Address

corporate@fullertonmarkets.com

Contact Number

642108227610

Company Website

https://www.fullertonmarkets.com/

Facebook

https://www.facebook.com/FullertonMarkets/

https://twitter.com/fullertonmkts

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

FMIL Review Summary Founded2015 Registered Country/RegionUnited Kingdom RegulationFCA (Suspicious Clone) Market InstrumentsForex, Metals, Indices, Crude Oil, Cryptocurrencies, Stocks Demo Account✅ LeverageUp to 1:500 SpreadFrom 0.1 pips (Standard account) Trading PlatformMetaTrader 4, MetaTrader 5, FM App Minimum DepositUSD 100 (USD 200 for crypto) Customer Support Live chat Phone: +44 20 3808 8261 Email: support@fullertonmarkets.com Messaging apps: Line, Telegram, Viber, WhatsAppFMIL Information FMIL (Fullerton Markets), a broker registered in the UK and operating without legitimate regulatory monitoring, was founded in 2015. It provides access to a wide range of financial products, such as stocks, FX, commodities, indexes, oil, and cryptocurrencies on the MT4, MT5, and its own mobile app. However, the UK's FCA has identified it as a questionable clone, which raises significant regulatory problems.Pros and Cons ProsCons Wide range of tradable assetsFlagged as a suspicious clone by the FCA Demo accountsNo Islamic (swap-free) account Offers multiple account types Supports MT4 and MT5 Common payment methods No deposit/withdrawal fees Live chat supportIs FMIL Legit? The UK's Financial Conduct Authority (FCA) has classified FMIL (Fullerton Capital Markets Ltd) as a suspicious clone. Although Fullerton Capital Markets Ltd. is listed as the regulated firm. It is obviously a matter of regulatory misrepresentation if FMIL is using this license while conducting business under a different name or structure. Regulatory Status Suspicious clone Regulated byUnited Kingdom (FCA) Licensed InstitutionFullerton Capital Markets Ltd License TypeAppointed Representative (AR) License Number687502What Can I Trade on FMIL? FMIL provides a single platform for trading an array of assets, such as equities, indices, FX, commodities, crude oil, and cryptocurrencies. Trading MarketsSupported Forex✔ Metals✔ Indices ✔ Crude Oil✔ Cryptocurrencies✔ Stocks✔ Bonds❌ Options❌ ETFs❌Account Type A Standard Account and a Cent Account are the two live trading account types that FMIL offers. It also provides a demo account, but there is no sign that an Islamic (swap-free) account is offered. Account TypeAvailableSuitable forKey Features Standard Account✔Retail tradersLeverage up to 1:500, spreads from 0.1 pips, 0.01 lot min Cent Account (MT5)✔Beginners, strategy testersProfit in cents, smaller contract sizesLeverage With leverage up to 1:500, FMIL enables traders to manage huge holdings with a comparatively small margin. High leverage greatly raises the risks of losses even while it can improve earnings, particularly in erratic markets.FMIL Fees Fullerton Markets, or FMIL, provides flexible and affordable fee plans. Depending on the spread type chosen, its fees vary from low to moderate when compared to industry norms. Variable, Raw, and PRO spreads are available to traders, each having a unique set of swap policies, commission fees, and spread widths. Spread TypeSpreadCommissionSwap-FreeFee Level VariableFloating, varies with market0✘Moderate RawAs low as 0.0 pipsUSD 8 per lot (Forex)✘Low PROLow spreads0✔LowTrading Platform Trading PlatformSupportedAvailable DevicesSuitable for MetaTrader 4 (MT4)✔Desktop, MobileBeginners MetaTrader 5 (MT5)✔Desktop, MobileExperienced traders FM App✔iOS, AndroidOn-the-go/mobile tradersDeposit and Withdrawal Fullerton Markets, or FMIL, does not impose any fees for deposits or withdrawals; the business pays for all transaction expenses. USD 100 is the required minimum deposit (USD 200 for cryptocurrency transactions). International Payment Methods Payment MethodSupported CurrenciesMinimum DepositMinimum WithdrawalFees Credit Card (Visa, Mastercard)USD, EUR, SGDUSD 10000 Sticpay Digital Wallet (Skrill, Neteller, Fasapay)0 (BTC: USD 100) Cryptocurrency (Bitcoin, Ethereum, Ripple)USD 200USD 200 Local Bank Transfer Options CountryMinimum DepositMinimum WithdrawalMaximum WithdrawalFees MalaysiaUSD 100MYR 50MYR 25,0000 VietnamVND 300,000VND 200,000,000 ThailandTHB 500THB 250,000 IndonesiaIDR 200,000IDR 100,000,000 PhilippinesPHP 2,500PHP 130,000 ChinaCNY 100CNY 49,999 MyanmarMMK 500MMK 20,000,000 CambodiaKHR 100,000KHR 60,000,000 LaosLAK 200,000LAK 150,000,000 IndiaINR 850INR 1,000,000 KenyaKES 10KES 10,000,000 NigeriaNGN 100NGN 10,000,000 South Africa0ZAR 5,000,000

FMIL broker review

Is FMIL safe or scam

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How to login to FMIL?

fmil Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the processes of registering, opening, and logging into your fmil account. Whether you are a first-time user or looking to troubleshoot common issues, this guide provides de

Fmil Forex Broker - Complete Information Guide

1. Broker Overview

　　Fmil, officially known as Fullerton Markets International Limited, was established approximately 5 to 10 years ago. The broker is headquartered in the United Kingdom, positioning itself within one of the most significant financial hubs globally. Fmil operates as a private entity, catering primarily to retail and institutional clients looking to engage in forex trading and other financial instruments.

　　The company has developed a reputation in the forex market, focusing on providing competitive trading conditions and a range of financial products. Over the years, Fmil has reached several milestones, including the launch of its trading platform and the expansion of its service offerings to include various asset classes. Despite the challenges it faces, including regulatory scrutiny, Fmil continues to operate with a focus on enhancing its client services and trading experience.

　　Fmil operates mainly in the forex trading market, providing access to numerous currency pairs and CFDs. The broker's business model includes retail forex trading, institutional services, and potentially white-label solutions for other financial entities. However, it is essential to note that Fmil has been flagged as a suspicious clone by some regulatory bodies, raising concerns about its legitimacy in the trading community.

2. Regulatory and Compliance Information

　　Fmil operates under the scrutiny of several regulatory authorities. However, it has been categorized as a suspicious clone by the FCA (Financial Conduct Authority), indicating that it does not hold a valid license to operate in the forex market. The regulatory status of Fmil raises significant concerns regarding its compliance with financial regulations.

　　The details surrounding its regulatory licenses are vague, with no specific license numbers publicly available. This lack of transparency regarding its regulatory status is a red flag for potential investors. The broker's operations are primarily based in the United Kingdom, and it does not appear to have established legal entities in other jurisdictions.

　　Fmil claims to implement client fund segregation policies, which is a standard practice among regulated brokers. However, without valid licenses, the effectiveness of these policies cannot be verified. Additionally, there is no information available regarding Fmil's participation in investor compensation schemes, which typically provide a safety net for clients in the event of broker insolvency.

　　In terms of compliance, Fmil states that it adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. However, the lack of regulatory oversight raises questions about the enforcement of these measures. Clients should exercise caution when dealing with Fmil due to its questionable regulatory status.

3. Trading Products and Services

　　Fmil offers a variety of trading products, primarily focusing on forex currency pairs. The broker provides access to a substantial number of currency pairs, catering to both major and minor currencies. In addition to forex, Fmil also offers CFDs (Contracts for Difference) across various asset classes, including indices, commodities, stocks, and cryptocurrencies.

　　The range of trading products includes:

Forex Currency Pairs: A wide selection of major, minor, and exotic pairs.
CFDs on Indices: Allowing traders to speculate on market movements.
Commodity CFDs: Including precious metals like gold and silver.
Stock CFDs: Offering exposure to various global equities.
Cryptocurrency CFDs: Enabling trading in popular cryptocurrencies.

　　Fmil frequently updates its product offerings, although specific details about the frequency of these updates are not disclosed. The broker primarily serves retail clients, providing them with the tools necessary for effective trading. There is no clear indication of services tailored specifically for institutional clients or asset management solutions.

4. Trading Platforms and Technology

　　Fmil supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized for their robust features and user-friendly interfaces. These platforms offer a variety of tools for technical analysis, automated trading capabilities through Expert Advisors (EAs), and customizable charting options.

　　In addition to MT4 and MT5, Fmil may offer a proprietary trading platform; however, details regarding this platform are not extensively provided. The broker's web-based trading platform allows for easy access from any device with internet connectivity.

　　Fmil also provides mobile trading applications compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The execution model employed by Fmil is primarily STP (Straight Through Processing), which aims to provide faster order execution and reduced slippage.

　　The broker's technical infrastructure is reportedly robust, with servers located in strategic locations to enhance trade execution speed. Fmil also supports API access for automated trading, although specific details regarding the API's functionalities are not elaborated upon.

5. Account Types and Trading Conditions

　　Fmil offers several account types tailored to different trading needs. The standard account conditions include:

Minimum Deposit: Varies by account type, with lower thresholds for standard accounts.
Spreads: Competitive spreads are offered, although specific values are not disclosed.
Commission: Details regarding commission structures are not explicitly stated.

　　Advanced account types may include VIP accounts or professional accounts, designed for high-volume traders. Special account offerings, such as Islamic accounts, are also available, accommodating traders who require compliance with Sharia law.

　　Fmil provides a demo account option, allowing potential clients to practice trading without financial risk. The leverage offered varies based on the asset class, with typical ranges available for forex and CFDs. The minimum trade size is generally set at 0.01 lots, catering to both novice and experienced traders.

　　Overnight fees, or swap rates, are applicable, although specific rates are not mentioned in the available information. Clients are advised to review these fees carefully before engaging in trading activities.

6. Fund Management

　　Fmil supports a variety of deposit methods, making it accessible for clients to fund their trading accounts. Accepted deposit methods include:

Bank Transfers
Credit Cards
E-wallets

　　The minimum deposit requirement varies depending on the account type, allowing for flexibility based on individual trader needs. Deposit processing times are generally swift, although specific timeframes are not disclosed.

　　Fmil does not appear to charge any deposit fees, which is a positive aspect for potential clients. However, withdrawal methods and limitations are less clear, with clients advised to check the broker's policies directly. Withdrawal processing times are typically prompt, but again, specific durations are not provided.

　　The fee structure for withdrawals is not explicitly detailed, which may pose concerns for traders looking for transparency in costs associated with their accounts. Clients are encouraged to inquire directly with Fmil for comprehensive details on withdrawal processes and fees.

7. Customer Support and Educational Resources

　　Fmil offers various customer support channels, including:

Phone Support
Email Support
Online Chat
Social Media

　　Customer service is available during standard business hours, although specific time zones covered are not mentioned. The broker provides support in multiple languages, ensuring accessibility for a diverse client base.

　　To aid traders in their journey, Fmil offers educational resources, including:

Webinars
Tutorials
E-books

　　Market analysis services are also available, providing clients with daily analyses, news updates, and research reports to support informed trading decisions. Additionally, Fmil provides trading tools such as calculators and economic calendars to assist traders in their planning and execution.

8. Regional Coverage and Restrictions

　　Fmil primarily serves clients in the United Kingdom and may extend its services to other regions. However, specific details about regional offices are not disclosed. Notably, Fmil does not accept clients from certain countries, although the exact list of restricted countries is not provided in the available information.

　　Special restrictions may apply depending on local regulations, and potential clients are encouraged to verify their eligibility before attempting to open an account with Fmil.

　　In conclusion, while Fmil offers a range of trading products and services, potential clients should exercise caution due to its regulatory status and the lack of transparency in some operational aspects.

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