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The WikiFX Score of this broker is reduced because of too many complaints!

FURION GLOBAL

China|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://furionglobal.com/index

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FurionGlobalCapital-Demo MT5
Server Location Singapore

Contact

https://furionglobal.com/index
The WikiFX Score of this broker is reduced because of too many complaints!

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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Broker Information

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Company Name

FURION GLOBAL CAPITAL LTD

Company Abbreviation

FURION GLOBAL

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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Unable to withdraw

Unable to withdraw

This web is fake. I heard that thousands of people are using this web. The victims are all over the world. They cheated people by using beauties as their avatars.

2021-04-25 11:36
Scam

THEY TRIED TO SCAM ME

Im from Mexico and a couple of Chinese guys tried to scammed me by saying that they would teach me how to invest. I contacted them through a dating app. It was weird since they looked both pretty attractive and smart and educated. Dont know how do they manage to appear in Mexico or if they really were here ever. However, it was surprising for me the will they have to teach me to invest and the interest shown with no visible interest behingd.. One of them addressed me to Furion Global as his "trustable" broker. I made a transaction of 50 usdt as a tryout to see how it would work but the insistence of the chinese guy of making me rich with no benefit on his side still sounded very unereal and filantropic. So I decided to do some research and here we are, not being scammed yet. I may have lost 50 usdt but at least I have the rest of my money with me (he asked me to start with at least 5000 usd to support possible losses and transaction risks). I have invested and learned about bitcoins but they are still in my accoount. I could leave you pic of the guys but maybe they used pics of some actors or important guys in Asia that I dont know. By the way, I claimed my 50usdt back and she FURION still doesn't deposit back in my account. I was unble to withdraw them.

2021-04-05 06:37
Resolved

Stay away from the fake fraud forex broker

There are many romance scams. They are not alone. They are a fraud gang who pretend to be someone perfect and earn your trust to make u invest forex. In the end, you can’t withdraw funds and lose a lot. Do not chat with them. Do not trust them. Do not transfer your money to them. Do be careful.

2021-05-28 13:38
Scam

Furion Global Romance SCAM.

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 ,

2021-09-15 22:54
Scam

I lose $10K and those winnings it even ordered me to repay them back within 24 hours saying ‘your account is trading 100 lots of XAUUSD -USD3450’.

I am doubting this is a authentic platform first it requested for a $6195 for a violation of making profits from the original investment and now they are asking for a return of $3450 for making a loss in their platform saying ‘your account is trading 100 lots of XAUUSD on 2021.3.1. Due to the large position, the position has been liquidated. At present, your account balance is negative-3450 USD. Please pay the negative account-3450 USD in time, the platform will pay Malicious fund or sue me!

2021-03-01 23:46
Scam

Forex Romance Furion Global scam

A Chinese woman ,Li Hongiuan, a VIP Customer of Furion Global befriended me on a a dating website, claimed to be interested in me and wanted to be my woman and would come to UK to marry me etc etc and after a few weeks persuaded me to transfer gradually a total of 40000 dollars to this scam platform , she said she would get insider info from her uncle as to when and what to trade. she convinced me by showing me her trade profits every time several hundred thousands dollars. She even transferred 10000 dollars to my account to make me transfer 5000 on my own . I started trading with her she would send me text as to when to buy and when to close the deal. I accumulated 130000 dollars in my account after trading many many times and each time profiting 10000-30000 Dollars. When I texted customer service to withdraw some money she suddenly texted me and made me do another trade and in 2 min she made me lose 154000. I was 24000 in neg , I was sad and angry , she offered to pay me 20000 but I had to transfer 4000 dollars myself. I refused. Furion Global has threatend me with legal action , I dont care , I have lost 40000 to these thieves and they have to pay it back, I will post reviews about them all over the net

2021-03-16 04:05

    FURION GLOBAL · Company Summary

    Feature Details
    Company Name Furion Global
    Registered Country/Area Australia
    Founded Year 2019
    Regulation Unregulated
    Minimum Deposit $100
    Maximum Leverage 1:500
    Spreads Floating
    Trading Platforms MT4, MT5
    Tradable Assets Forex, CFDs, Cryptocurrencies
    Account Types Standard, VIP
    Demo Account Yes
    Customer Support 24/7 live chat, email, phone
    Deposit & Withdrawal Credit/debit cards, wire transfer, Skrill, Neteller
    Educational Resources Trading tutorials, webinars, economic calendar

    Overview

    Furion Global is a trading company based in Australia. It was founded in the year 2019. The company offers a range of tradable assets including Forex, CFDs, and Cryptocurrencies.

    To begin trading with Furion Global, a minimum deposit of $100 is required. The maximum leverage the company provides is 1:500 and the spreads are floating. The trading platforms that can be used are MT4 and MT5.

    Furion Global offers two types of accounts - Standard and VIP and also offers the opportunity to try out trading with a Demo account. Their customer support is available 24/7 via live chat, email, or phone.

    As for deposit and withdrawal methods, Furion Global accepts credit/debit cards, wire transfer, Skrill, and Neteller. The company also provides some educational resources such as trading tutorials, webinars, and an economic calendar to help traders understand the market better.

    Overview

    Pros and Cons

    Pros Cons
    Wide range of tradable assets Unregulated
    Offers a demo account for practice The spreads are floating
    Good customer support Only two types of accounts available
    Provides educational resources for trading knowledge

    Pros:

    - Wide range of tradable assets. This means that you can trade a variety of financial instruments, such as stocks, commodities, currencies, and cryptocurrencies. This can give you more opportunities to make profits.

    - Offers a demo account for practice. This is a great way to learn how to use the platform and test out your trading strategies before you risk any real money.

    - Good customer support. This is important if you have any questions or problems with the platform.

    - Provides educational resources for trading knowledge. This can help you learn more about trading and improve your chances of success.

    Cons:

    - Unregulated. This means that the platform is not subject to the same regulations as regulated platforms. This could make it more risky to use, as there is less protection for investors.

    - The spreads are floating. This means that the difference between the buy and sell price of an asset is constantly changing. This can make it difficult to make profits, especially if you are a beginner trader.

    - Only two types of accounts are available. This means that you may not have the flexibility to choose the account that best suits your needs.

    Pros and Cons

    Regulatory Status

    Furion Global is not regulated by any financial authority. This means that it is not subject to the same regulations as other financial institutions. This could make it more risky to use, as there is less protection for investors.

    Some investors may be concerned about the lack of regulation, as it could make it easier for Furion Global to engage in unethical or fraudulent practices. Additionally, if Furion Global were to go bankrupt, investors may have difficulty recovering their losses.

    However, Furion Global claims that it is a legitimate company and that it is committed to providing its customers with a safe and secure trading environment. The company also states that it has a number of safeguards in place to protect its customers' funds.

    Ultimately, the decision of whether or not to use Furion Global is up to each individual investor. Investors should carefully consider the risks and rewards before making a decision.

    Market Instruments

    Furion Global offers a wide range of market instruments, including:

    Forex: Currency pairs such as straight and cross

    Cryptocurrencies: You can trade a variety of cryptocurrencies on Furion Global, including Bitcoin, Ethereum, and Litecoin.

    Precious metals: Gold, platinum andother preciousmetals

    Bulky Goods: Agricultural and sideline productsmetal products.chemical products

    Futures: Commodity futuresindex futures.precious metalsfutures, etc.

    Digital currency: Coin trading.leverage trading, etc.

    The specific market instruments that are available to you will depend on your account type. For example, the Standard account only offers forex and CFDs, while the VIP account offers all of the market instruments listed above.

    Furion Global also offers a demo account that you can use to practice trading without risking any real money. This is a great way to learn about the different market instruments and how to trade them.

    Market Instruments

    Account Types

    Furion Global offers two account types, Standard and VIP. The Standard account has a minimum deposit of $100, a maximum leverage of 1:500, floating spreads, access to the MT4 and MT5 trading platforms, 24/7 customer support, and access to educational resources. The VIP account has a minimum deposit of $10,000, a maximum leverage of 1:200, tighter spreads, access to a dedicated account manager, exclusive trading signals, and faster withdrawals. The specific features and benefits of each account type may vary, so it is important to read the terms and conditions carefully before opening an account.

    Here is a table comparing the two account types:

    Account Type Standard Account VIP Account
    Minimum deposit 100 10000
    Maximum leverage 1:500 1:200
    Spreads Floating Tighter
    Trading platforms MT4, MT5 MT4, MT5
    Customer support 24/7 24/7
    Educational resources Trading tutorials, webinars Exclusive trading signals, faster withdrawals

    How to Open an Account?

    To open an account with Furion Global, you will need to follow these steps:

    1. Go to the Furion Global website and click on the “Open Account” button.

    2. Fill out the online application form.

    3. Provide proof of identity and address.

    4. Make a minimum deposit of $100.

    5. Wait for your account to be approved.

    Once your account is approved, you will be able to start trading.

    Leverage

    Furion Global offers a maximum leverage of 1:500 for its Standard account and 1:200 for its VIP account. Leverage is a way to magnify your trading profits or losses. A leverage of 1:500 means that you can control a position worth $500 with a deposit of only $100.

    It is important to note that leverage is a double-edged sword. It can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.

    Therefore, it is important to use leverage carefully and to only trade with funds that you can afford to lose.

    Spreads &Commissions

    Furion Global offers floating spreads on its Standard account and fixed spreads on its VIP account. Floating spreads are the difference between the bid and ask prices of an asset. The bid price is the price at which you can buy an asset, and the ask price is the price at which you can sell an asset. Floating spreads can vary depending on market conditions.

    Fixed spreads are the same for all trading sessions. They are typically wider than floating spreads, but they can offer more stability.

    Furion Global does not charge any commissions on its Standard account. However, it does charge a commission of $2 per side on its VIP account.

    Here is a table comparing the spreads and commissions of Furion Global's two account types:

    Account Type Spreads Commissions
    Standard Floating None
    VIP Fixed $2 per side

    It is important to note that the spreads and commissions of Furion Global may change at any time. It is always best to check the latest fees before you start trading.

    Spreads &Commissions

    Trading Platform

    Furion Global offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These are the most popular trading platforms in the world and are used by millions of traders.

    MT4 and MT5 are both powerful platforms that offer a wide range of features, including:

    -Charting tools: MT4 and MT5 offer a variety of charting tools, such as candlestick charts, line charts, and bar charts. You can also use these tools to add technical indicators to your charts.

    -Trading tools: MT4 and MT5 offer a variety of trading tools, such as order types, stop losses, and take profits. You can also use these tools to automate your trading.

    -Analysis tools: MT4 and MT5 offer a variety of analysis tools, such as news feeds, economic calendars, and research reports. You can use these tools to make informed trading decisions.

    Trading Platform

    Deposit & Withdrawal

    Furion Global offers the following deposit and withdrawal methods:

    -Credit/debit cards: There is a processing fee of 2.9% + $0.30 for credit/debit card deposits.

    -Wire transfer: There is a processing fee of $25 for wire transfer deposits and withdrawals.

    -Skrill: There is a processing fee of 1.9% for Skrill deposits and withdrawals.

    -Neteller: There is a processing fee of 1.9% for Neteller deposits and withdrawals.

    The minimum deposit amount is $100, and the maximum deposit amount varies depending on the payment method. The minimum withdrawal amount is $200, and the maximum withdrawal amount varies depending on the payment method.

    Payment Method Deposit Fee Withdrawal Fee Minimum Deposit Maximum Deposit Minimum Withdrawal Maximum Withdrawal
    Credit/debit cards 2.9% + $0.30 2.9% + $0.30 $100 Varies $200 Varies
    Wire transfer $25 $25 $100 Varies $200 Varies
    Skrill 1.90% 1.90% $100 Varies $200 Varies
    Neteller 1.90% 1.90% $100 Varies $200 Varies

    It is important to note that the fees of Furion Global may change at any time. It is always best to check the latest fees before you start trading.

    Deposit & Withdrawal

    Customer Support

    Furion Global offers customer support 24/7 via live chat, email, and phone. The customer support team is available in multiple languages, including English, Chinese, Japanese, and Korean.

    Here are some of the things you can do if you need customer support from Furion Global:

    - Live chat: You can chat with a customer support representative in real time. This is the fastest way to get help.

    - Email: You can send an email to the customer support team. This is a good option if you need to provide more detailed information about your issue.

    - Phone: You can call the customer support team. This is a good option if you need to speak to someone immediately.

    Customer Support

    Educational Resources

    Furion Global offers a variety of educational resources to help you learn about trading. These resources include:

    -Trading tutorials: Furion Global offers a variety of trading tutorials that cover topics such as how to open a trading account, how to use the trading platforms, and how to trade different assets.

    -Webinars: Furion Global offers a variety of webinars that are led by experienced traders. These webinars cover topics such as trading strategies, market analysis, and risk management.

    -Research reports: Furion Global provides research reports that analyze different markets and assets.

    -Demo account: Furion Global offers a demo account that you can use to practice trading without risking any real money.

    Conclusion

    Furion Global offers a broad array of tradable assets including Forex, CFDs, and Cryptocurrencies, along with valued features such as a demo account for practice, sound customer support, and educational resources for improving trading knowledge. However, the company does have a few downsides. It offers only two account types, limiting options for traders. The floating spreads can also unpredictably increase trading costs. Despite these disadvantages, Furion Global remains a competitive choice offering good service features and a range of assets for trade.

    FAQs

    Q: What types of assets can be traded with Furion Global?

    A: The trading options with Furion Global include Forex, CFDs, and Cryptocurrencies.

    Q: What is required to start trading with Furion Global?

    A: Furion Global requires a minimum deposit of $100 for the initiation of live trading.

    Q: What customer support options does Furion Global offer?

    A: Customer assistance at Furion Global is available 24/7 through live chat, email, and phone.

    Q: Does Furion Global provide any educational resources?

    A: Yes, Furion Global provides numerous educational resources including trading tutorials, webinars, and an economic calendar.

    Q: How many types of accounts does Furion Global offer?

    A: Furion Global offers two types of accounts for its traders - Standard and VIP.

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    FX1272319821
    more than one year
    It's a total scam company, it somehow froze my account, and I can't withdraw the thousands of dollars in it until now!
    2023-02-23 12:03
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