Score

7.30 /10
Good

Fullbright Bullion

Hong Kong

5-10 years

Regulated in Hong Kong

Type AA License

Medium potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index7.15

Business Index7.56

Risk Management Index8.90

Software Index6.43

License Index7.15

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

富昌金业有限公司

Company Abbreviation

Fullbright Bullion

Platform registered country and region

Hong Kong

Company website

Facebook

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-11-10
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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Scam

Fullbright’s investors are defrauded and caught in fraudsters’ trap

Is Fullbright a legal platform? Is it regular? Why its advisers keep giving wrong order recommendations? What should be done if losses caused by forced liquidations occur frequently? How to take back the deceived money in index futures? Frauds of this kind are here and there, most in forms of WeChat group, live stream studio, one-on-one guidance over phone, order recommendations from advisers. Fraudsters always incite investors by these ways to their traps. Click here to add captions Prosecution from the victims: In the middle of January, I was added into a group, where Zhao Shuqing gave us recommendations on stock investment. As the so-called “bull stocks” recommended by him didn’t gain profits, he attributed the result to a “unprofitable stock market” and incited us to invest in futures. He said HS300 index futures trading enjoyed low risks and high profits. Every time he gave us lessons, he would show off his high profits in futures trading. He incited us to download trading software and open accounts. He also recommended on WeChat a Fullbright worker named Liu Fang, who was responsible for accounts opening. Zhao kept persuading us into joining his “T+0” group for futures trading. On January 24th, I became one member of the group and deposited RMB260,000. When trading, I was once deleted from the group by Zhao, who accused me of failing to carrying out his strategies. On March 8th , he asked me to trade with him again. Because Fullbright upgraded its system(in Jiangsu Province only) without notification, I was unable to login the system when taking profits at 13:12. When the system was accessible at 14:39, I lost RMB165,400 because of a steep fall in stock index. I requested for withdrawing money next day, but the money has not yet arrived. Within a week, my...

CHENGJIEWEIQUAN
2019-09-17 11:14
Fullbright Bullion · Company summary
Registered Country/Region Hong Kong
Regulation CGSE
Minimum Deposit N/A
Products & Services Local gold/silver trading services, physical gold trading business, and professional investment advisory services
Trading Platform MT4 trading platform
Payment Methods VISA, MASTERCARD, UnionPay, Alipay, WeChat
Customer Support Phone, Email, Wechat

General Information & Regulation

Fullbright Bullion Limited was established in 2008 and is a member of the Chinese Gold and Silver Exchange in Hong Kong and its approved electronic dealer (No. 239). Fullbright Bullion specializes in providing local gold/silver trading services, physical gold trading business, and professional investment advisory services. Fullbright Bullion uses the quotation system supplied by the LMAX exchange in the UK, and each transaction goes directly to the LMAX platform, making trading wholly transparent and fair.

Fullbright Bullion

Fullbright Bullion specializes in providing local gold/silver trading services, physical gold trading business, and professional investment advisory services. Fullbright Bullion provides clients with 9999 thousand-foot gold bars with a purity of 9999, approved to be cast by the CGSE, weighing one kilogram, five taels, and one tael (one tael equals 37.429 grams). Investors can also use the gold bars redeemed from Fullbright Bullion as collateral to obtain an overdraft facility with Fullbright Bullion for margin hedging of gold trading. This overdraft service is interest-free, and the overdraft amount is up to 70% of the gold price, allowing investors to deploy their funds flexibly.

Margin Requirements

Fullbright Bullion requires a sufficient amount of base margin to be deposited before trading local gold and silver. The current base margin for local gold is US$2,500 per contract, and the close-positioning margin requirement is US$2,500 per set. The current base margin for local silver is US$2,000 per contract, and the close-positioning margin requirement is US$2,000 per contract. When the balance of the client's account is less than 60% of the basic margin or less, the client will be required to replenish the basic margin.

Spreads & Commissions

Fullbright Bullion's local gold is available in 100 ounces per contract, with minimum price volatility of $0.10 and a typical spread of 50 cents. Local silver is available in 5,000 ounces per contract, with a minimum price range of $0.010 and a typical spread of 4 cents USD. Each one-sided buy and sell contract is $40.

Trading Platform Applied

Fullbright Bullion offers traders Precious Metals Online Trading System (Basic Version), Precious Metals Online Trading System (Pro Version), Precious Metals Online Trading System (Android Mobile Version), Precious Metals Online Trading System (Apple Mobile Version), the new MT4 Trading System (PC Version), the new MT4 Trading System (Android Mobile Version), the new MT4 Trading System (Apple Mobile Version), enabling traders to flexibility to choose according to their needs.

Deposit & Withdrawal

Trades can fund their Fullbright Bullion account via VISA, MASTERCARD, UnionPay, Alipay, WeChat, etc.

Customer Support

Clients with any inquiries or trading-related issues can get in touch with Fullbright Bullion through the following contact channels:

Telephone:+852 3108 3333

Email: cis@fulbright.com.hk, info@fulbright.com.hk

Wechat

You can also follow this broker on Facebook.

Pros & Cons

Pros Cons
CGSE-regulated Average trading fee
MT4 trading platform available No online chat
Multiple payment methods High margin requirements

Frequently Asked Questions

Is Fullbright Bullion regulated ?

Fullbright Bullion is regulated by the Chinese Gold & Silver Exchange Society, with license no. 239.

What does Fullbright Bullion have on offer?

Fullbright Bullion focuses on providing local gold/silver trading services, physical gold trading business, and professional investment advisory services.

What trading platform does Fullbright Bullion provides?

Fullbright Bullion provides MT4 trading platform, as well as a series of other platforms.

What payment methods does Fullbright Bullion supports?

Fullbright Bullion supports payment methods include VISA, MasterCard, UnionPay, Alipay, Wechat, and more.

News

NewsA Hong Kong Court Has Found An Ex-Fulbright Securities Account Executive Guilty Of Fraud

Account Executive of Fullbright found guilty of Fraud after series of investigation done by Hong Kong authorities

WikiFX
2022-10-17 15:12
A Hong Kong Court Has Found An Ex-Fulbright Securities Account Executive Guilty Of Fraud

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盼盼78251
more than one year
Fullbright Bullion is a very popular regulated broker with a high rating. They offer many different financial services and a convenient platform for trading. I've been working with them for years.
Fullbright Bullion is a very popular regulated broker with a high rating. They offer many different financial services and a convenient platform for trading. I've been working with them for years.
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2023-03-02 18:28
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FX1018202852
more than one year
STAY AWAY! Unless you think your money is too much!
STAY AWAY! Unless you think your money is too much!
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2022-11-15 17:09
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