Global Prime and Fusion Markets Vanuatu regulation

Broker FAQ 📈
1

Hello BrokerChooser Team!

I tested and found good these brokers for mt4 trading but unfortunately for tax view these are bad.
I had e-mail conversations with both of these brokers and they recommended me Vanuatu regulation which of course doesn’t belong under ETU case. (no OECD member state) So I think you should avoid these brokers since you may make some money but when you need to pay taxes it is much much more, almost double! And they don’t plan to get regulation in UK/Europe/Cysec.
So I really don’t understand why do you prefer these brokers. I understand that they look good but not for Hungarian citizens, whilst you prefer them for Hungarian citizens as bets 5 brokers in Hungary.
What did I wrong? I may got bad information from these brokers?
Waiting for your reply,
Csaba

2

Corredores buenos? será una broma?

Fusión Markets y Global Prime son Gleneagle broker

Son una estafa;
Vanuatu no es un regulador, es un sitio para inscribirse pagando una prima, así se da la sensación de estar regulado.

El fin de semana te pondré lo que se dice de estos broker, con alucinantes spreads…

El único regulador algo serio es la FCA UK, no es que sea bueno,
pero esta el FOS y ese si que es de fiar.

3

Hi Csaba,

Thank you for reaching out and for your valuable feedback.

At BrokerChooser, we prioritize reviewing brokers that have at least one top-tier regulator to ensure safety and reliability for our users. Some of the top-tier regulators we consider include:

  • UK: Financial Conduct Authority (FCA)
  • USA: Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
  • Germany: Federal Financial Supervisory Authority (BaFin)
  • France: Bank of France
  • Switzerland: Swiss Federal Banking Commission
  • Canada: Investment Industry Regulatory Organization of Canada (IIROC)
  • Australia: Australian Securities and Investments Commission (ASIC)
  • Japan: Japanese Financial Services Authority (FSA)
  • Singapore: Monetary Authority of Singapore (MAS)
  • Hong Kong: Hong Kong Securities and Futures Commission (SFC)

Both Global Prime and Fusion Markets are regulated by the Australian Securities and Investments Commission (ASIC), which we recognize as a top-tier regulator. While Vanuatu Financial Services Commission (VFSC) is not considered a top-tier regulator, from a safety perspective, we believe that these brokers, through their ASIC regulation, are trustworthy. However, it is ultimately up to the broker under which regulatory entity they onboard clients, and in your case, it seems that as a Hungarian citizen, they may only offer onboarding under their Vanuatu entity.

Regarding taxation, as a Hungarian citizen, you will be taxed based on Hungary’s residence-based taxation system. Since Vanuatu has no capital gains tax, this means that only Hungarian taxes would apply to any profits you make from these brokers.

When we make our recommendations, we analyze more than 600 data points across various aspects, with safety being a top priority. Taxation is an important consideration as well, but there are many other factors we evaluate in our overall assessments.

I hope this clarifies the situation, and please let us know if you have any further questions.

Best wishes,
Andris

4

Both Global Prime and Fusion Markets are regulated by the Australian Securities and Investments Commission (ASIC), which we recognize as a top-tier regulator. While Vanuatu Financial Services Commission (VFSC) is not considered a top-tier regulator, from a safety perspective, we believe that these brokers, through their ASIC regulation, are trustworthy. However, it is ultimately up to the broker under which regulatory entity they onboard clients, and in your case, it seems that as a Hungarian citizen, they may only offer onboarding under their Vanuatu entity.

AFCA da el 95% o mas, de las resoluciones a favor del bróker, depende de los bróker, eso quiere decir que no es independiente, la ASIC esta demandada por los Australianos tiene un
largo historial de décadas FRAUDULENTO, cierto que parece que esta intentando cambiar un poco, con tanto delincuente suelto en la industria, es difícil.

5

[
Exposición
GlobalPrime también es un estafador deshonesto
Global Prime Pty Ltdhabía afirmado en su sitio web que tiene una lista extensa de más de 20 proveedores de liquidez, y también había afirmado obtener los mejores precios de estos proveedores de liquidez para sus clientes. La prueba de tales reclamos se puede encontrar en la captura de pantalla de su sitio web adjunto aquí. En marzo de 2021, mientras revisaba mis recibos comerciales anteriores, descubrí que la Compañía no ejecutó mis intercambios de acuerdo con los reclamos.

Account margin closed out because of an insane spread of +200 points on GBPUSD on PRO ACCOUNT. It is their best account type, supposed to have almost 0 spread, and suddenly on a Mayor Symbol like GBPUSD the Spread goes insane forcing the account margin closed out. They are not answering and no solution was offered at the moment of posting this.
AVOID THIS BROKER!! fxtrading.com WILL FORCE THE CLOSURE OF YOUR POSITIONS!!

still waiting for a withdrawal after 2months.i recieved a email saying they are going to keep the profit and send me back the deposit without any explanation.like the previous reviews i got the same replies to my emails they seem to be copied and pasted.i will be reporting them to the asic/afca
Another 5 weeks later, after various conversations, they agreed to return but only 86% of my total funds, keeping 70.000 Euros without any further explanation.

El día 15/05/2025 Tenemos eventos económico USA, el par cruzado EURGBP no tiene relación
con el evento, es en horas de mayor liquidez de dicho cruce y FUSIONMARKETS tiene un spread de 400 pips , el spread es mayor que el rango diario, LMAX en dicho evento tiene un spread de 80 pips cuando su spread es de 50.
FUSIONMARKETS, GLOBALPRIME,FXTRADING etc.etc, son bróker Gleneagle, cualquier información que puedan darte es fraudulenta, he vista rangos del EURUSD de 0,70X1,20, el
libro de ordenes del ORO tiene 8 posiciones en total cuando LMAX tiene en la cinco primeras
posiciones 6000 contratos (Gold mini).

AFCA,ASIC y los bróker Australianos son sin excepción une estafa, lo CFDs tendrían que estar
prohibidos en Europa.

Con los Futuros tienes lo mismo, mejores condiciones, mercado centralizado etc.etc.

Si quieres abrir una cuenta CFDs es que quieres de alguna forma estafar al vecino y/o al bróker,
de otra forma, no se entiende, es un acuerdo de parte, que pueden revocar cuando quieran, como quieran, esta en sus términos y condiciones.

6

Hello Andris!

If Hungarian Taxes are applcable to me than it is a bit soothing.
However don’t know if in this case losing and winning trades can be also contrasted to each other.
And I doubt that but I didn’t ask for clarification about this issue at my tax authority.
However Vanuatu regulation is also my major concern.

Thank you for the reply anyway, I think it over.

Best regards,

Csaba

7

Hello!

Thank you to share this with us.
I am truly sorry to hear that.
I have confidence only in trusted and reliable brokers with stable financial background and reputation. In no way I would ever send so much money for any brokers that have doubtful reputation or history.
Best regards
Csaba