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No Regulation
Score
1.58 /10
Danger
FMIL
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
C
Add brokers
Comparison
Quantity 3
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.57
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2026-03-02
- This broker lacks valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Exposure
3 pieces of exposure in total Pyramid scheme complaint
Expose| FMIL Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA (Suspicious Clone) |
| Market Instruments | Forex, Metals, Indices, Crude Oil, Cryptocurrencies, Stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pips (Standard account) |
| Trading Platform | MetaTrader 4, MetaTrader 5, FM App |
| Minimum Deposit | USD 100 (USD 200 for crypto) |
| Customer Support | Live chat |
| Phone: +44 20 3808 8261 | |
| Email: support@fullertonmarkets.com | |
| Messaging apps: Line, Telegram, Viber, WhatsApp | |
FMIL 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
| Pros | Cons |
| Wide range of tradable assets | Flagged as a suspicious clone by the FCA |
| Demo accounts | No Islamic (swap-free) account |
| Offers multiple account types | |
| Supports MT4 and MT5 | |
| Common payment methods | |
| No deposit/withdrawal fees | |
| Live chat support |
Is 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 by | United Kingdom (FCA) |
| Licensed Institution | Fullerton Capital Markets Ltd |
| License Type | Appointed Representative (AR) |
| License Number | 687502 |
What 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 Markets | Supported |
| 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 Type | Available | Suitable for | Key Features |
| Standard Account | ✔ | Retail traders | Leverage up to 1:500, spreads from 0.1 pips, 0.01 lot min |
| Cent Account (MT5) | ✔ | Beginners, strategy testers | Profit in cents, smaller contract sizes |
Leverage
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 Type | Spread | Commission | Swap-Free | Fee Level |
| Variable | Floating, varies with market | 0 | ✘ | Moderate |
| Raw | As low as 0.0 pips | USD 8 per lot (Forex) | ✘ | Low |
| PRO | Low spreads | 0 | ✔ | Low |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | Desktop, Mobile | Beginners |
| MetaTrader 5 (MT5) | ✔ | Desktop, Mobile | Experienced traders |
| FM App | ✔ | iOS, Android | On-the-go/mobile traders |
Deposit 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 Method | Supported Currencies | Minimum Deposit | Minimum Withdrawal | Fees |
| Credit Card (Visa, Mastercard) | USD, EUR, SGD | USD 100 | 0 | 0 |
| Sticpay | ||||
| Digital Wallet (Skrill, Neteller, Fasapay) | 0 (BTC: USD 100) | |||
| Cryptocurrency (Bitcoin, Ethereum, Ripple) | USD 200 | USD 200 |
Local Bank Transfer Options
| Country | Minimum Deposit | Minimum Withdrawal | Maximum Withdrawal | Fees |
| Malaysia | USD 100 | MYR 50 | MYR 25,000 | 0 |
| Vietnam | VND 300,000 | VND 200,000,000 | ||
| Thailand | THB 500 | THB 250,000 | ||
| Indonesia | IDR 200,000 | IDR 100,000,000 | ||
| Philippines | PHP 2,500 | PHP 130,000 | ||
| China | CNY 100 | CNY 49,999 | ||
| Myanmar | MMK 500 | MMK 20,000,000 | ||
| Cambodia | KHR 100,000 | KHR 60,000,000 | ||
| Laos | LAK 200,000 | LAK 150,000,000 | ||
| India | INR 850 | INR 1,000,000 | ||
| Kenya | KES 10 | KES 10,000,000 | ||
| Nigeria | NGN 100 | NGN 10,000,000 | ||
| South Africa | 0 | ZAR 5,000,000 |
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