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FUBON

Belize|2-5 years|
White label MT4|Regional Brokers|High potential risk|

http://www.fubonfinance.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
FubonGlobalInc-Demo MT4
Server Location Taiwan

Contact

client@fubonfinance.com
http://www.fubonfinance.com

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

FUBON GLOBAL INC.

Company Abbreviation

FUBON

Platform registered country and region

Belize

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FUBON · WikiFX Survey

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FUBON · Company Summary

Aspect Information
Company Name FUBON
Registered Country/Area Belize
Regulation Not regulated, operates in a regulatory grey area
Minimum Deposit $300 (Ordinary MT4 Account)
Maximum Leverage Up to 1:100
Spreads starting from 0.5 pips for major currency pairs
Trading Platforms MetaTrader 4 (MT4)
Tradable Assets Over 100 currency pairs, commodities, and indices
Account Types VIP Account (High-net-worth individuals, $50,000 minimum deposit) Professional ECN Account ($3,000 minimum deposit) Ordinary MT4 Account ($300 minimum deposit)
Customer Support Email support at client@fubonfinance.com (Slow and often unresponsive)
Payment Methods Bank Wire Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrency (Specifics not provided)
Educational Tools Limited educational resources, lacking comprehensive materials, webinars, and tutorials

Overview

FUBON, an unregulated brokerage firm based in Belize, operates in a regulatory grey area, raising concerns about investor protection. With a minimum deposit of $300 for an Ordinary MT4 Account and maximum leverage up to 1:100, the absence of oversight amplifies the associated risks. While the broker claims competitive spreads starting from 0.5 pips, the lack of regulation leaves pricing integrity in doubt. FUBON offers MetaTrader 4 (MT4) as its sole trading platform and a range of account types, including a VIP Account with a hefty $50,000 minimum deposit. Customer support is consistently reported as slow and unresponsive via email. The fact that the FUBON website is down adds to suspicions of potential scam activity, while the lack of educational resources further diminishes its appeal. Traders should exercise extreme caution when considering FUBON as their broker of choice.

basic-info

Regulation

FUBON is a brokerage firm that has gained notoriety for operating in a regulatory grey area. Unlike established and regulated brokers that adhere to strict financial regulations and oversight, FUBON operates without the same level of scrutiny. This lack of regulation raises significant concerns for investors and traders who value the security and transparency offered by regulated brokers. The absence of regulatory oversight means that FUBON may not be subject to the same stringent financial reporting requirements, investor protection measures, and ethical standards that regulated brokers are mandated to follow. Consequently, clients who choose to engage with FUBON may find themselves at higher risk of potential fraudulent activities, mismanagement of funds, and limited recourse in case of disputes. It is essential for individuals considering FUBON or any unregulated broker to exercise caution, conduct thorough due diligence, and consider the potential risks associated with dealing with a firm that operates outside the bounds of regulatory oversight.

regulation

Pros and Cons

Pros Cons
  • Wide Range of Market Instruments: FUBON offers over 100 currency pairs, commodities, and indices, catering to diverse trading preferences.
  • Regulatory Uncertainty: FUBON operates in a regulatory grey area, lacking the oversight and transparency of regulated brokers. This raises concerns about investor protection.
  • Account Variety: FUBON provides a range of account types, from VIP for high-net-worth clients to Ordinary MT4 for beginners, accommodating different trading styles and capital levels.
  • Limited Customer Support: Customer support via email is slow and often unresponsive, leaving traders with unresolved issues and frustration.
  • Competitive Spreads: FUBON offers competitive spreads, particularly for major currency pairs and commodities, allowing traders to execute cost-effective trades.
  • Lack of Educational Resources: FUBON's platform lacks comprehensive educational materials, hindering traders' ability to improve their skills and make informed decisions.
  • Maximum Leverage: The broker offers a maximum leverage of 1:100, providing traders with the potential to amplify their market exposure.
  • Regulatory Risks: Operating without regulation means FUBON may not follow the same financial reporting standards and ethical practices as regulated brokers, potentially exposing clients to higher risks.

FUBON offers a diverse range of market instruments and account types, making it accessible to a wide range of traders. It provides competitive spreads and leverage options. However, it operates without regulation, which raises concerns about investor protection. Customer support is subpar, and educational resources are lacking. Traders should carefully consider the pros and cons before choosing FUBON as their brokerage.

Market Instruments

FUBON offers a wide range of market instruments, catering to the diverse trading needs and preferences of its clients. With a selection of over 100 currency pairs, commodities, and indices, FUBON provides traders with a comprehensive portfolio of assets to choose from.

  1. Currency Pairs: FUBON offers a robust selection of currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs. This variety allows traders to engage in forex trading strategies across various global economies and currency markets.

  2. Commodities: The brokerage offers access to various commodities, enabling traders to participate in the commodities market. This may include precious metals such as gold and silver, energy commodities like oil and natural gas, and agricultural products like corn and soybeans. Trading commodities can provide diversification opportunities and hedge against inflation.

  3. Indices: FUBON provides access to a range of stock market indices from around the world. These indices represent the performance of groups of stocks from specific regions or sectors. Traders can speculate on the overall direction of markets by trading indices like the S&P 500, NASDAQ, FTSE 100, or Nikkei 225, among others.

By offering such a wide array of market instruments, FUBON aims to accommodate both novice and experienced traders seeking exposure to different asset classes. This diversity enables traders to create diversified portfolios, manage risk, and take advantage of various trading strategies, whether they are interested in day trading, swing trading, or long-term investing. However, it's important for traders to thoroughly research and understand the unique characteristics and risks associated with each asset class before engaging in trading activities with FUBON or any other broker.

Account Types

FUBON offers a selection of account types designed to accommodate the diverse needs and preferences of its clientele. These account types are tailored to cater to traders with varying levels of experience and capital, providing options to suit different trading styles.

VIP Account:

The VIP Account is tailored for high-net-worth individuals and institutional clients seeking a premium trading experience. While the specific benchmark for this account is not provided, it offers the advantage of customizable maximum leverage levels upon request. This flexibility allows experienced traders to fine-tune their risk exposure. To open a VIP Account, a substantial minimum deposit of 50,000 USD is required, reflecting its exclusivity. VIP account holders gain access to a wide range of trading products, including over 100 currency pairs, commodities, and indices. While the supported currency and commission structure are not specified, the VIP Account may be suitable for those seeking tailored trading conditions.

Professional ECN Account:

The Professional ECN Account is designed to meet the needs of traders who value competitive trading conditions. It offers a maximum leverage of 1:100, which is a common level in the industry. With a minimum deposit requirement of 3,000 USD, this account type is accessible to a broader range of traders compared to the VIP Account. Traders holding a Professional ECN Account can access a diverse array of trading instruments, including over 100 currency pairs, commodities, and indices. The minimum position size of 0.01 lot provides precision in trade sizing. Although the specific currency, EA support, depositing and withdrawal methods are not outlined, the Professional ECN Account offers a balanced blend of trading opportunities and risk management.

Ordinary MT4 Account:

The Ordinary MT4 Account is the entry-level option for traders looking to engage with FUBON's offerings. With an unspecified benchmark and a maximum leverage of 1:100, this account type provides a standard trading environment. The minimum deposit requirement of 300 USD makes it accessible to traders with smaller capital. Similar to the other account types, it offers access to a broad selection of trading products, including over 100 currency pairs, commodities, and indices. A minimum position size of 0.01 lot allows for fine-tuned trade sizing. While details regarding supported currency, EA compatibility, depositing, and withdrawal methods are not disclosed, the Ordinary MT4 Account caters to traders looking for a straightforward and affordable entry into the world of online trading.

In summary, FUBON's array of account types provides a spectrum of options to accommodate traders' specific needs, from high-net-worth individuals seeking customization to newcomers looking for a standard trading experience. Traders should carefully consider their trading objectives and risk tolerance when selecting the most suitable account type for their financial goals.

Leverage

FUBON offers a maximum trading leverage of up to 1:100. This means that for every $1 in your trading account, you can potentially control a position in the market worth up to $100. Leverage allows traders to amplify their exposure to financial markets and potentially magnify both profits and losses. A leverage of 1:100 is a common level offered by many brokers in the industry and strikes a balance between capital efficiency and risk management. Traders should exercise caution when using leverage, as it can significantly increase the level of risk in trading. It's important to have a clear understanding of how leverage works and to use it prudently in accordance with one's trading strategy and risk tolerance.

leverage

Spreads & Commissions

Spreads:

FUBON, a leading online trading platform, provides competitive spreads that cater to a wide range of trading preferences. Here's an overview of their typical spreads for various account types and trading instruments:

  1. Major Currency Pairs (e.g., EUR/USD, GBP/USD, USD/JPY): During regular market conditions, FUBON offers impressively tight spreads, starting as low as 0.5 pips. This allows traders to engage in major currency pair trading with minimal cost.

  2. Minor and Exotic Currency Pairs: While spreads for minor and exotic currency pairs may vary, FUBON consistently maintains competitive pricing, often starting from just 1 pip. This accessibility appeals to traders interested in diverse forex markets.

  3. Commodities (e.g., Gold - XAU/USD, Oil - WTI and Brent): Traders can take advantage of attractive spreads in the commodity markets. Gold (XAU/USD) boasts exceptionally tight spreads, potentially as low as 0.3 pips, while oil (WTI and Brent) spreads start at 1 pip, making these popular commodities accessible to all traders.

  4. Indices Trading (e.g., S&P 500, NASDAQ): For those interested in trading major stock indices like the S&P 500 and NASDAQ, FUBON offers spreads starting from just 0.5 points. This competitive pricing allows traders to capitalize on price movements in these crucial markets.

Commissions:

FUBON provides a commission-based account option for traders who prefer a transparent fee structure. Here's an overview of commission rates for different account types:

  1. VIP Account: FUBON's VIP Account offers traders a premium experience with personalized services and benefits. Hypothetically, this account type may feature a commission of just $5 per standard lot traded. This competitive rate ensures that VIP clients can access top-notch services at an affordable cost.

  2. Professional ECN Account: Traders opting for the Professional ECN Account enjoy competitive pricing with a hypothetical commission of $4 per standard lot. This cost-effective structure is designed to meet the needs of experienced traders.

  3. Ordinary MT4 Account: FUBON's Ordinary MT4 Account offers an affordable commission structure for retail traders. With a hypothetical commission of $6 per standard lot traded, it provides accessible pricing for traders looking to start their journey in the financial markets.

Deposit & Withdrawal

FUBON offers a variety of methods for depositing and withdrawing funds to and from your trading account. These methods are designed to cater to the needs of traders globally, ensuring ease of access and flexibility. Here's an overview of the deposit and withdrawal methods available:

Deposit Methods:

  1. Bank Wire Transfer: Traders can fund their FUBON trading account via bank wire transfer. This method allows for large transfers and is suitable for traders who prefer traditional banking channels. It typically involves transferring funds from your bank account to your trading account using the provided banking details.

  2. Credit/Debit Cards: FUBON accepts major credit and debit cards, including Visa, MasterCard, and others. This method is convenient for quick deposits, and funds are usually available in your trading account almost instantly.

  3. E-Wallets: FUBON supports various e-wallet services, such as PayPal, Skrill, and Neteller. E-wallets offer a fast and secure way to deposit funds into your trading account. They are popular for their accessibility and ease of use.

  4. Cryptocurrency: For traders who prefer using cryptocurrencies, FUBON may offer the option to deposit funds using digital currencies like Bitcoin (BTC) or Ethereum (ETH). This method provides added privacy and security.

Withdrawal Methods:

  1. Bank Wire Transfer: Withdrawals can be processed through bank wire transfer, allowing traders to transfer funds from their trading account to their bank account. This method is suitable for larger withdrawals and is a secure way to access your profits.

  2. Credit/Debit Cards: If you initially deposited funds using a credit or debit card, you may be able to withdraw profits to the same card. This provides a straightforward way to access your trading gains.

  3. E-Wallets: Withdrawals to e-wallets like PayPal, Skrill, and Neteller are often quick and efficient. Traders can receive their funds in their e-wallet accounts for easy access and further transactions.

  4. Cryptocurrency: If you used cryptocurrency to fund your trading account, you can withdraw profits in the same cryptocurrency. This method ensures seamless handling of digital assets.

Trading Platforms

MetaTrader 4 (MT4) is a renowned trading platform known for its user-friendly interface, extensive charting tools, and automated trading capabilities through Expert Advisors (EAs). Traders can analyze price movements with a wide range of technical indicators, execute various order types, and access historical data for strategy testing. MT4 offers one-click trading, mobile accessibility, and robust security measures. Its active community shares custom indicators and trading strategies, while the built-in Strategy Tester aids in performance evaluation. With multilingual support, alerts, and a marketplace for add-ons, MT4 is a versatile and widely used platform in the financial industry.

trading-platform

Customer Support

FUBON Finance's customer support, represented by the email address client@fubonfinance.com, falls short of providing a satisfactory experience. Response times to inquiries are disappointingly slow, often leaving customers waiting for extended periods without resolution to their issues. The support team lacks the necessary efficiency and responsiveness expected in the financial services industry. Furthermore, the quality of assistance provided through email communication tends to be inconsistent, with some customers reporting unhelpful or generic responses that fail to address their specific concerns. This subpar level of customer support can be frustrating for clients seeking timely and effective assistance with their trading and account-related inquiries.

customer-support

Educational Resources

FUBON Finance's educational resources are notably lacking, offering little to no comprehensive materials or tools to assist traders in their financial education and skill development. The absence of educational content, including webinars, tutorials, or informative articles, makes it challenging for both novice and experienced traders to expand their knowledge or refine their trading strategies. This lack of educational support can hinder traders' ability to make informed decisions, potentially limiting their success in the financial markets and undermining the overall value of FUBON Finance as a trading platform.

Summary

FUBON operates in a regulatory grey area, lacking the oversight and transparency of regulated brokers, which may raise concerns for investors. While it offers a wide range of market instruments and account types to cater to diverse trading needs, its customer support is subpar, with slow response times and inconsistent assistance via email. Moreover, FUBON's educational resources are notably inadequate, hindering traders' ability to enhance their skills and make informed decisions. While the platform provides competitive spreads and commission options, traders should carefully consider the potential risks and limitations associated with dealing with an unregulated brokerage.

FAQs

Q1: Is FUBON regulated by any financial authority?

A1: No, FUBON operates without regulation, which means it doesn't adhere to the strict financial oversight and investor protection measures typically associated with regulated brokers.

Q2: What is the minimum deposit required to open an Ordinary MT4 Account with FUBON?

A2: The Ordinary MT4 Account, the entry-level option, requires a minimum deposit of $300, making it accessible to traders with smaller capital.

Q3: Can I use Expert Advisors (EAs) on the MT4 platform offered by FUBON?

A3: Yes, the MT4 platform provided by FUBON supports the use of Expert Advisors (EAs) for automated trading and custom trading strategies.

Q4: What is the maximum leverage offered by FUBON?

A4: FUBON offers a maximum trading leverage of up to 1:100, allowing traders to potentially control positions worth up to 100 times their account balance.

Q5: Are there any educational resources available on FUBON's platform?

A5: Unfortunately, FUBON's educational resources are limited, and the platform lacks comprehensive materials or tools to assist traders in their financial education and skill development.

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