Reading Time: 3 minutes SCAM RECOVERY

Furion Global Review – New Scam Broker On The Market?

Feb 27, 2021
Furrion Global Broker

In the past 10 years, since Forex and CFD trading became popular, we have more and more scams in this market. This is why we decided to look into some companies and help you pick the right one for you. Read our in-depth Furion Global Capital review to check if this broker meets your requirements.

Regulated by:ASIC
Headquarters Country:Australia
Foundation year:2019
Supported Platforms:MT5
Types of Assets:Forex, Commodities, Shares, Indicies, Crypto

Furion Global Regulation and Security

When it comes to the question is Furion Global regulated, there are a lot of different opinions. Some say that the company is not regulated, some say that it is. We did our own little search on the ASIC website and found Furion Global Capital PTY LTD, which is the full name of Furion Global.

According to ASIC, the company does have a regulation and is based in New South Wales. But then, we did a little bit deeper research and found out that Furion Global Capital is actually a successor company of Broadman Vickery Global PTY LTD. Now, this company was also regulated by ASIC until April 2019, when their license was suspended due to fraudulent activities.

At the same time, in April 2019, we are getting a new company in ASIC Furion Global Capital. Sounds a bit strange, doesn’t it? So far, our review does not show positive results.

In which countries Furion Global broker operates?

Furion Global claims on their website that they cooperate with some branches in Australia, the USA, and Hong Kong. This leads us to the conclusion that they do provide financial services in Australia, the US, and Asia. But since we already discussed their regulation, they are allowed to provide financial services only on Australian soil. Because, as it’s well known, for the US or Asia, you need to have regulation provided by these countries.

However, what we did manage to find out is that this company, despite its lack of regulation, provides financial services to clients all around the globe. Meaning, that if you are coming from any country other than Australia, for sure you do not have who to contact in case of a scam.

Furrion Global Scam

Which trading instruments are available?

According to our review, this broker offers several trading instruments. You can trade on:

  • Forex
  • Indicies
  • Commodities
  • Cryptocurrencies

When it comes to leverage, since ASIC does not give any limitations on it, clients can choose on their Standard Account leverage. It goes up to 1:500 for the Forex market.

The minimum deposit that you can make with Furion Global Capital is 100$. Yet, it remains unclear which payment methods you can use since their website does not provide much information on it. Also, their website does not give you insight into Terms & Conditions, so it remains unclear how much they are charging you for the service, and how you can make withdrawals from your trading account. Once again, we have to conclude that this broker cannot be trusted.

Scammed by Furion Global? Here is what you can do!

Even though, so far in our review, we made clear that this broker is shady and untrustful, some people already fell for their scam. If that is the case, do not be desperate. Our team of legal experts can help you out. If you got scammed by Furion Global, we can help you to start your chargeback process today!

Is Furion Global regulated?

According to our review, Furion Global Capital does have the ASIC regulation. However, what we also discovered is that this company is just a successor company of Broadman Vickery Global PTY LTD, whose license has been suspended due to frauds.

Where is Furion Global located?

Our Furion Global review showed that the company is based in Parramatta, New South Wales, Australia.

What is the Furion Global minimum deposit?

The minimum deposit that you can make on a Standard Account with Furion Global is 100$. Yet, it remains unclear which payment methods you can use for making a deposit.