Welcome to the FuslonFX24 Review. The purpose of this analysis is to expose this anonymous cyber trading scam that poses as a fake UK broker. The fraudster’s website has been taken down but that did not stop us from gathering information from various sources and other FuslonFX24 reviews. Without further ado, let’s start busting this financial swindler.
We saw through FuslonFX24’s cunning disguise right away. Truth be told, the scammer made it pretty easy for us. FuslonFX24 is run by Top Markets Ltd, a company allegedly registered with the Hong Kong Securities and Exchange Commission.
First of all, this body is fictional, there is no such authority. The Securities and Exchange Commission exists in the United States and regulates the financial market and securities trading in that country alone. On the other side, we have the Hong Kong Securities and Futures Commission, which oversees transactions in HK.
We checked the databases of both regulators but did not find Top Markets Ltd anywhere, meaning that this entity is anonymous and thus illicit. Ignore the fake UK address, the scammer messed things up pretty badly.
To be avoided absolutely. I joined the program and immediately things were not clear. However there was a professional who called every day. We did trades together… I have been absent for a few days. Upon my return, they no longer responded to emails or phone calls… I tried to withdraw the amount, but the system won’t allow me to withdraw…
As you could have read in the complaint we posted, the broker “trades” and makes profits with the client, which we believe are fake or rigged, only to deceive him/her. Once the client pumps in enough money, the scammer ceases communication and vanishes without a trace.
That’s why it is important to trade with licensed brokers so that scenarios like this do not come true. Trading scams can be cruel. If you are a victim of one, feel free to contact us for help.
Here you have a list of countries in which the broker was mainly active. By that, we meant targeting unsuspecting traders from these countries. Italy’s CONSOB is the only regulator from the list of has issued a warning against the FuslonFX24 scam.
Despite the scammer advertising the world-famous MetaTrader 4 platform, the only available trading terminal is WebTrader. This browser-based platform is pretty lackluster and unpolished. Aside from some basic charts and graphs, there is not much else there. Since it’s an online platform, WebTrader can be accessed via any mobile device.
It may as well be rigged, as some complaints pointed out. FuslonFX24 does not actually support valid third-party software such as MT4, MT5, or cTrader. You better trust regulated brokers that offer those platforms.
Although the broker offers a lot of attractive instruments, you should not forget that the platform is unregulated. According to our sources, FuslonFX24 offers the following trading assets:
FuslonFX24 offers five trading accounts, without actually specifying the trading conditions and perks of each:
The prices, i.e. minimum deposit requirements for these accounts are a mystery. When it comes to the maximum leverage that FuslonFX24 offers, it can be set at 1:500, which is super high and risky. Note that the regulatory limit in the UK, the scammer’s alleged base, is 1:30 for retail clients.
As for the spreads and commissions, the fraudulent broker’s platform showed 0.3 pips for the benchmark EUR/USD currency pair, which is indeed tight and tempting. However, you cannot trust such a scammer just because of favorable spreads that may as well be fake.
No. There is no FuslonFX24 demo account, which comes as no surprise. Scammers do not bother allowing traders to test things out for a trial period. If they did, there is a chance of the trader noticing something fishy.
Legitimate brokers, on the other hand, always include a risk-free demo account. If you lost money to FuslonFX24, we can help recover your funds.
We highly doubt it. Unfortunate traders who did business with this fraud ended up having withdrawal issues, which is why we believe a chargeback is the only way of retrieving your funds. As for the payment methods, FuslonFX24 listed the following:
The latter two are not well-known, automatically questioning the broker’s legitimacy when it comes to payments. Deposit and withdrawal fees are unknown as well.
If you are a victim of the FuslonFX24 scam, please notify our team about it. Getting your money back is possible via a chargeback/recall, which is a process of reversing credit/debit card transactions or wires. Book your free consultation today and start the chargeback procedure.
Here you can book your consultation and find out what’s the next step!
FuslonFX24 is an anonymous trading scam. Do not invest money in this scheme. If you already did, call us.
FuslonFX24 did not reveal the minimum deposit amount clients are required to pay.
Yes, the broker’s platform features both CFDs and cryptocurrencies but you’d best avoid this scammer.
FuslonFX24 is an anonymous trading scam. Do not invest money in this scheme. If you already did, call us.
FuslonFX24 did not reveal the minimum deposit amount clients are required to pay.
Yes, the broker’s platform features both CFDs and cryptocurrencies but you’d best avoid this scammer.
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