This brokerage presents itself as a UK-based firm. Yet, it doesn’t reveal any ownership details whatsoever. By default, that rings a bell for any experienced trader, especially since the company also mentions two additional offices in Austria and Singapore.
But that’s not the end of the agony. They also advertise highly unspecified services with hidden costs and conditions. So, to learn what warning signs to watch out for, make sure to read this FusionLots review carefully.
| Regulated By: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | FCA |
| Registered In: | UK (allegedly) |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Withdrawing funds from this anonymous broker is practically impossible. The proof of that can be seen in multiple negative reviews. Therefore, if you experience the same issues with this firm, book a refund consultation with our specialists right away. |
Legal Info: Is FusionLots Legit Or A Scam?
As can be seen, the company presents us with a regulation of Crypto Assets Control. In reality, such an institution is just a coverage for all scam brokers out there. If you want to trade with truly regulated brokers, you should find the ones with FCA, BaFin, ASIC, or similar licenses.
But if you search those databases for FusionLots, you can only find a warning from the FCA. Consequently, all the compensation schemes and funds protection features become absolutely meaningless.
Who Are FusionLots’s Victims?
With quite a short company life span, only since 2023, they managed to expand quickly all over Europe. Not legitimately, of course. In any case, it appears some of the countries are of the specific interest of this firm. Those are:
- United Kingdom
- Germany
- Greece
- Switzerland
- Czechia
If you were doubting the company’s legitimacy, now you know it’s an absolute scam. Therefore, to learn how to protect your money and choose trusted crypto trading firms, read our Coinsdrom.com review.
If you have funds stuck with FusionLots, contact us for refund advice as soon as possible.
Traders Reviews
Another way to expose the company’s fraudulent activities is through the FusionLots reviews. With almost 90% of negative comments out of 29 on Trustpilot, it’s clear the company’s services are not genuine.
It seems that the company was using a well-known scheme with digital Yuan to present traders with an upcoming deal. In reality, they never intended to enter such a deal. Instead, they were collecting cryptos from their victims. If you are experiencing the same problems, feel free to share them with our refund team.
Leverage, Commissions, Spreads, Fees and Taxes
Quite surprisingly, FusionLots broker has revealed none of the trading costs. Neither do they mention the maximum leverage traders can get. If that’s not a warning sign to stay away from them, nothing will be.
But to see how those hidden conditions can affect your account, check out our Global CFD review.
Bonuses
Another way to manipulate traders is through fake bonus offers. The company will credit your account with virtual funds so you can trade with more capital. However, the catch is hidden in the bonus policy.
You’ll have to reach a minimum trading volume of 7 times the bonus amount provided. That’s in standard lots. Before that, you can’t withdraw any money. So, for a $250 bonus, that’s 1,750 standard lots. Since one standard lot is valued at $100k, that’s $175 million you have to reach.
FusionLots Trading Features
Generally speaking, all the company’s features in its accounts are fictive. Those include enterprise financing, insured trading, private financial specialists, etc. In reality, none of that will truly help you make money with this broker.
Trading Platforms Available
Another problem with FusionLots trading firm is its web-based trading platform. Without trusted third-party options, you can definitely expect platform manipulation. Even though the company advertises iOS, Windows, and Android versions, that’s misleading same as many other details.
Available Trading Assets
Obviously, the company primarily focuses on cryptocurrencies. After all, that’s one of the forms of payment. Anonymous ones, of course.
All in all, you won’t find anything that you can’t find with truly regulated brokers. Starting with:
- Forex – EUR/SGD, USD/CHF
- CFDs – crude oil, NASDAQ, Walt Disney
- Cryptos – LTC, BCH, XRM
Account Types
The FusionLots Forex company offers seven different account types. Each account requires progressively higher deposits and provides a bunch of unrealistic features. Generally, these tactics are well-known among swindlers.
Anyway, you can choose to start with:
- Standard – $250
- Bronze – $3.500
- Silver – $10.000
- Gold – $25.000
- Platinum – $50.000
- PRO – $100.000
- VIP – $250.000
Mobile Trading App
Fairly, if the company was offering any mobile apps, download options would be available. But even if you search PlayStore or AppStore, you can quickly find out their apps don’t exist.
Demo Account
Usually, when companies don’t reveal their trading conditions, you won’t see a demo account. That’s exactly the case with FusionLots as well. Logically, they don’t want to expose all their flaws too early.
Education
Another sign of an unregulated activity is a lack of proper educational programs. All top-tier licensed firms offer some kind of education. Primarily because the goal is to make traders trade as much as possible. If they continuously lose because of a lack of knowledge, the company won’t collect their commissions.
FusionLots Withdrawal
When it comes to the FusionLots withdrawal procedure, you can expect a processing time of up to 5 business days. The available methods are bank transfers, card transfers, and crypto wallets.
Thus, without any fees mentioned, you can expect some non-existent ones to come up. But before they try extorting more money, be aware of potential verification problems the company might face you with.
Customer Support
Generally, the contact options this company provides look quite legit. With three phone lines and e-mail available, it should be more than enough. Thus, without operating hours presented, you can only hope they will respond.
Key Information To Consider About FusionLots?
As can be seen, all the features of FusionLots scam broker are quite mysterious. Hidden trading platforms, hidden trading conditions, and, on top of that, fake regulations. Such business models definitely give them enough room to play around with their users. Simply, you can avoid that by finding a top-tier licensed broker.
Yet, if you get stuck with this trading firm, we strongly advise you to reach out to our experts and learn more about recovery options. Don’t worry—the first consultation is completely free. Book yours right away.
FAQ Section
What is FusionLots?
FusionLots is an anonymous trading firm presenting itself as a UK-based, with offices in Austria and Singapore.
Is FusionLots Legit?
No. The company presents us with fake licenses and they are also found on the FCA warning list.
How to Get Money Back From My FusionLots Account?
Most likely you will need professional assistance and access to tools like CipherTrace for crypto tracking. To find out all the steps, reach our refund team.
Source:
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