Discuss Fusion no longer listing ASIC Licence on website

[BP123]

Why is Fusion no longer listing an ASIC licence? They also have their only address in Vanuatu now.

Licensing & Regulations | Fusion Markets

Visit this page to understand how we're regulated and how we handle your money. Read the essential legal documentation before opening an account with us.

fusionmarkets.com

 

[Anti-Scam]

Why is Fusion no longer listing an ASIC licence? They also have their only address in Vanuatu now.

Licensing & Regulations | Fusion Markets

Visit this page to understand how we're regulated and how we handle your money. Read the essential legal documentation before opening an account with us.

fusionmarkets.com

It's going to run.

 

[AsstModerator]

I think this is a case where people assume too quickly without bothering to check the facts.

You could check ASIC to see if the registration is still valid.
You could ask support to explain why the ASIC registration isn't visible.
Or, you could be a lazy person like me. I asked a friend in Australia to visit the website and tell me if the ASIC registration information was displayed or not.

Quite a few brokers have localized content. My Australian friend reports that ASIC license is displayed even though I cannot see it from outside Australia.

For regulator licenses that only apply to people inside of one country, only bragging about that license inside that country is more honest than letting people around the world assume they will automatically be protected under that regulation.

I hope all regulators start demanding brokers do this. I got very tired of seeing scam victims outside of Europe finding out that CySEC offers them even less protection than is offered to people inside of Europe. I also remember one very bad broker that maintained a UK FCA registration that only covered a tiny percentage of its clients.

 

[Anti-Scam]

I think this is a case where people assume too quickly without bothering to check the facts.

You could check ASIC to see if the registration is still valid.
You could ask support to explain why the ASIC registration isn't visible.
Or, you could be a lazy person like me. I asked a friend in Australia to visit the website and tell me if the ASIC registration information was displayed or not.

Quite a few brokers have localized content. My Australian friend reports that ASIC license is displayed even though I cannot see it from outside Australia.

For regulator licenses that only apply to people inside of one country, only bragging about that license inside that country is more honest than letting people around the world assume they will automatically be protected under that regulation.

I hope all regulators start demanding brokers do this. I got very tired of seeing scam victims outside of Europe finding out that CySEC offers them even less protection than is offered to people inside of Europe. I also remember one very bad broker that maintained a UK FCA registration that only covered a tiny percentage of its clients.

In fact, all brokers do this, except for locally regulated brokers in the EU. The biggest drawbacks of local regulation are the high spreads and low leverage, and the inability to use most promotions. that's the reality of offshore regulation.
Brokers will put most of their accounts under offshore regulation due to practical pressures.

A top-tier licence is just a signboard for a broker to show its capital chain and strength.