Fusiontrade co Review –The Irregularities About The Broker Revealed

In the first place, the company doesn’t provide transparent ownership information. Neither about the official address and headquarters country. However, somewhere hidden in the T&Cs we can see their statement that the Poland courts shall have exclusive jurisdiction to settle any claim or dispute.

With this in mind, you know that the broker should comply with European regulations. But they don’t. Let’s discover all their flaws in this Fusiontrade co Review.

Legal info: Is Fusiontrade co legit or a Scam?

Primarily, to confirm the legitimacy of any trading company you are checking the regulations. Fusiontrade co doesn’t show any license numbers. Therefore, we are digging out. Firstly, we are checking Poland’s KNF but also trusted Tier 1 databases. Such as FCA, BaFin and ASIC. And voila.

Instead of trusted regulations, a warning from the FCA popped up. This means they were offering services to UK traders without authorization. But also, you can’t enjoy any funds protection features. Such as negative balance protection, segregated bank accounts for deposits or FCSC compensation scheme.

Who are Fusiontrade co Victims?

This broker has no reviews since they are freshly registered in February 2023. But after warnings and their illicit activities, everything will settle up shortly. Besides UK residents, scammed traders are mainly coming from: 

• France
• Spain
• Australia

If you find yourself from any of these countries, get in touch with us to get advice for a refund.

Leverage, Commissions, Spreads, Fees and Taxes

Another clear warning sign is that the broker is not transparent about trading costs. Neither are fees, commissions or spreads revealed. In fact, only leverage information is available. Thus, that also confirms they are a scam broker. Simply because they offer up to 1:100 while in Europe you can get only 1:30. Of course, with a licensed broker.

Fusiontrade co Trading Features

In general, for a company that claims to reach 120K traders in 6 months, you can’t rely on its services. On top of that, with shady web-based software neither the technology is reliable. Because scam brokers tend to manipulate market data. Practically, the company doesn’t offer any advanced and attractive features.

Learn how to diversify good from bad brokers by reading our OrbiTrade and ProfiStocks reviews.

Is Fusiontrade co legit?

No. Fusiontrade co scam broker is not transparent about the ownership or address information. Also, they are not regulated. Not to forget the warning from the FCA. Lastly, but importantly, they don’t share transparent contact information.

Available Trading Assets

Another downside of this scam broker is that they are missing one key instrument class. That is a highly popular cryptocurrency. Luckily, the other 4 main categories are available. Thus, with non-reliable software, but anyway those are: 

• Forex                        USD/JPY, AUD/HKD
• Commodities            gold, natural gas
• Indices                      DAX30, ASX200
• Shares                      Apple, Boeing

Account Types

Overall, the account types with this broker are designed to put pressure on traders for higher deposits. Firstly, they limit you on tradeable assets. But also, they don’t provide transparent trading conditions. You can choose between:

• Newbie         $250
• Standard       $2.500
• Golden         $7.000
• VIP               $30.000

Mobile Trading App

To make everything even worse, the company doesn’t offer mobile apps for iOS or Android devices. Thus, something like this could be expected. Especially after checking the poorly explained benefits of the platform. Understandably, they don’t offer any advanced features. Unlike Meta Trader for example.

Demo Account

Another missing feature with the Fusiontrade scam broker is a demo account. Actually, it’s not surprising for a company that is hiding access to trading software. Instead, you can find a Tier 1 licensed broker with different risk-free options.

Education

As a matter of fact, the company claims to provide an educational program. But only training materials. However, without a demo account, you can’t practice what you learned without the risk of losing everything.

Fusiontrade co Withdrawal

Fusiontrade withdrawal is another important issue. Since the company offers bonuses, be careful with their withdrawal policy. Because once you accept the bonus you need to meet the required trading volume to be able even to request a withdrawal. In this case, the volume is 25 times the deposit amount and bonus issued combined.

Customer Support

Yet another scam sign is the company’s contact options. On their website, you can’t see any instant response contact options. Neither working hours. On top of all, the company is hiding its address and phone number. Only e-mail and a website contact form are available options.

Key Information To Consider About Fusiontrade co?

As can be seen, the company is not regulated anywhere. On top of that, they are hiding their address and contact information. Therefore, it’s not surprising that they got a warning from the FCA so quickly. In addition to all of that, the company is not transparent about trading costs and holds quite a suspicious withdrawal policy. Not to mention bonuses, which are mainly banned in Europe.

Generally, gambling is less risky than this broker. Instead, you can find a licensed broker with many more features. Meanwhile, let us know what’s your experience with Fusiontrade co scam broker. If you are interested into filing a chargeback and getting your money back, you are at the right place. You can book your first consultation with our experts right away.

FAQ Section