FURION GLOBAL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.furionglobal.com/register?iid=3XCw9018&uid=1&pid=VG09, about the company's legal and temporary regulatory information, the company's address .
FURION GLOBAL Forex Broker
Basic Information
Australia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Furion Global Forex Broker - Complete Information Guide
1. Broker Overview
Furion Global, officially known as Furion Global Capital Pty Ltd, was established in 2019. The broker is headquartered in Parramatta, New South Wales, Australia. As a privately held company, Furion Global aims to cater to a diverse clientele, primarily focusing on retail forex and CFD trading. The company has positioned itself in the competitive landscape of online trading, offering a range of financial instruments to traders around the globe.
Since its inception, Furion Global has made several claims about its services, including partnerships with various liquidity providers and an intention to create a user-friendly trading environment. However, the broker's development has been marred by concerns regarding its regulatory status and operational transparency. The relationship with its predecessor, Broadman Vickery Global Pty Ltd, which had its license suspended due to fraudulent activities, raises further questions about the broker's credibility.
Furion Global operates primarily in the retail forex market, providing trading services for various asset classes, including currencies, commodities, indices, and cryptocurrencies. The broker also claims to offer institutional services, although details on this front remain sparse. The business model focuses on leveraging technology to enhance trading experiences, but the lack of a solid regulatory framework has led to skepticism among potential clients.
2. Regulation and Compliance Information
Furion Global claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the validity of this claim is contested. While some sources indicate that Furion Global Capital Pty Ltd is listed under ASIC, further investigation reveals that the company is a successor to Broadman Vickery Global Pty Ltd, whose license was suspended in April 2019 due to fraudulent activities. This raises significant concerns about the legitimacy of Furion Global's regulatory status.
The broker does not provide a clear regulatory number or details regarding the scope of its license. Additionally, it appears that Furion Global is not authorized to offer services outside Australia, despite claims of operating in the USA and Asia. Consequently, clients from regions outside Australia may find themselves without a regulatory authority to turn to in case of disputes or fraud.
Furion Global's policies on client fund segregation and investor compensation schemes are unclear. While the broker suggests that it adheres to basic KYC (Know Your Customer) and AML (Anti-Money Laundering) measures, the lack of transparency surrounding these practices is a red flag for potential investors. Overall, the regulatory landscape surrounding Furion Global is fraught with uncertainty, making it a risky choice for traders.
3. Trading Products and Services
Furion Global offers a variety of trading products, including a range of forex currency pairs and CFDs on various asset classes. The broker provides access to a selection of major, minor, and exotic currency pairs, although the exact number of available pairs is not disclosed. In addition to forex, traders can engage in CFD trading across several categories, including:
- Indices: Major global indices are available for trading.
- Commodities: Precious metals and energy commodities are included.
- Cryptocurrencies: A selection of popular cryptocurrencies can be traded.
The broker claims to frequently update its product offerings, although specific details regarding the frequency of updates or the introduction of new products are not provided. Furion Global appears to target retail traders, providing services that cater to both novice and experienced investors. However, there is limited information on whether the broker offers institutional services or white-label solutions, which are often crucial for professional traders.
4. Trading Platforms and Technology
Furion Global supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, widely regarded as industry standards. These platforms are equipped with a range of features, including advanced charting tools, technical indicators, and automated trading capabilities. The availability of both MT4 and MT5 allows traders to select the platform that best meets their trading needs.
While Furion Global does not appear to offer a proprietary trading platform, the integration of MT4 and MT5 provides users with a robust trading experience. The broker also supports mobile trading applications for both iOS and Android devices, allowing traders to manage their accounts on the go.
The execution model employed by Furion Global is not explicitly stated, but it is implied that the broker may utilize a market-making approach. Information regarding server locations and the technical infrastructure supporting the trading environment is limited. Furthermore, details about API access and automated trading support are not clearly outlined, which may be a consideration for algorithmic traders.
5. Account Types and Trading Conditions
Furion Global offers two primary account types: a Standard Account and a VIP Account. The Standard Account requires a minimum deposit of $100 and offers floating spreads, which can vary based on market conditions. The specific details regarding the spreads and commissions associated with the Standard Account are not explicitly stated.
The VIP Account is targeted at more experienced traders and requires a higher minimum deposit, typically around $10,000. This account type is likely to offer tighter spreads and potentially lower commissions, although precise details are not provided.
Furion Global does not mention the availability of specialized accounts such as Islamic accounts or corporate accounts. The leverage offered on the Standard Account can go up to 1:500, while the VIP Account may have a lower leverage ratio, which is common among higher-tier accounts. The minimum trade size and overnight fees are also not clearly defined, leaving potential clients without critical information to make informed decisions.
6. Funds Management
Furion Global accepts a range of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement is $100, applicable to the Standard Account. Specific details regarding deposit processing times are not disclosed, which may lead to uncertainty for potential traders.
The broker's fee structure for deposits and withdrawals lacks transparency, with limited information provided on any associated costs. For instance, while some sources suggest that deposit fees may apply, the exact amounts are not specified. Withdrawal processes and any potential restrictions or fees are also not clearly outlined, raising concerns about the ease of accessing funds.
Withdrawal processing times are not explicitly mentioned, which could deter clients from trusting the broker with their funds. The absence of a clear fee structure for withdrawals further complicates the situation, as traders may find themselves facing unexpected charges.
7. Customer Support and Educational Resources
Furion Global provides customer support through various channels, including email, live chat, and potentially phone support, although specific contact details are not readily available. The broker claims to offer 24/7 support, but the lack of transparency regarding service hours and language support may hinder effective communication with clients.
The broker's website appears to offer limited educational resources. While some basic tools such as trading tutorials and market analysis may be available, comprehensive resources such as webinars or in-depth guides are not prominently featured. The absence of a structured educational program could disadvantage novice traders seeking to enhance their trading skills and knowledge.
Market analysis services, including daily updates and research reports, are not explicitly mentioned, which may leave traders without the necessary insights to make informed decisions. The lack of trading tools such as calculators or economic calendars further highlights the broker's limited support for its clients.
8. Regional Coverage and Restrictions
Furion Global claims to serve clients globally, with a focus on markets in Australia, the USA, and Asia. However, due to regulatory restrictions, the broker is primarily authorized to operate within Australia. As such, clients from other regions may face restrictions when attempting to open accounts or access services.
The broker does not provide specific information regarding the distribution of regional offices or the exact countries where services are available. Additionally, it is unclear which countries or regions are explicitly restricted from accessing Furion Global's services, leading to potential confusion for prospective clients.
In summary, while Furion Global presents itself as a comprehensive trading platform, significant concerns regarding its regulatory status, transparency, and client support may deter potential investors. The lack of clarity on crucial operational aspects raises red flags, making it essential for traders to conduct thorough research before engaging with this broker.
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嗳E蜬itty
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It delayed my withdrawal for a long time. Beware.
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One of the women Li Hongjuan hired by this scam broker targeted me on a dating website and convinced me to open an account with FURION GLOBAL . she told me she had insider info and would tell me when and what to trade and when to close the deal . I transferred 40000 dollars over several months and she helped me trade like 10-20 times and every time I profited several thousands dollars.never lost a penny. I had 130000 in my Furion Global account, to make me transfer more she said she would transfer 50000 to my account if I transfer 10000 , I refused . she then stopped texting and said she would not share any more insider info with me , I asked customer service for 10000 withdrawal and realised instantly they were reluctant to help. 5 min after my text to them suddenly the woman texted me and asked me to trade again as there was a Market she said , that trade lasted 2 min and she made me loss 154000. for months I didnt lose a penny and suddenly this happened. The strange thing was I couldnt close the deal , the trading screen suddenly closed and showed my loss . Then she texted dont worry dear I have lost several hundred thousand dollors and showed me her trade results , but offered to transfer 20000 for me BUT I still needed to transfer 4000 to my account ,
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It asked for high deposit and did not allow withdrawal after making profits. You had to pay 20% tax otherwise your account would be blocked. It was a scam.
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