FULLMARKETS Review

Our review process for FULLMARKETS was rigorous. We began by cross-referencing the broker’s legal name, Beradora Ltd, against the United Kingdom’s Financial Conduct Authority (FCA) register, the Companies House public database and international regulatory bodies. Our checks found no licence, no authorisation and no pending application in any jurisdiction.

We then gathered all available user feedback from independent review sites, including Trustpilot, where 13 reviews have averaged a 1.9 out of 5 rating. Every single piece of feedback described negative experiences, with many explicitly warning of scam activity. We also searched forex‑specific complaint forums and consumer protection networks for any additional reports or warnings.

To complement public data, we examined the company’s corporate registration: a UK address, zero employees and a founding date in 2022. This forensic approach ensures that our assessment is grounded in verifiable facts, not promotional material or unsubstantiated claims.

Beradora Ltd lists its address at 33 George Street, London W1U 3QP, an address shared by numerous businesses and widely known as a virtual office location. The building houses several serviced office providers, meaning that FULLMARKETS likely has no physical trading desk or customer‑facing office there.

Company registration records indicate that Beradora Ltd has zero employees on file. For a brokerage that supposedly handles client money and processes trades, having no staff is a glaring red flag. It suggests that the firm is either a shell entity with outsourced operations or a front for activities that do not require genuine personnel.

Established in January 2022, the company has no track record of financial stability. In an industry where longevity and reputation are paramount, a two‑year‑old unregulated entity with no human capital fails to inspire confidence.

FULLMARKETS does not hold a licence from any financial regulator. Our direct FCA search confirmed that Beradora Ltd is not authorised to provide investment services in the UK. Operating without an FCA licence while targeting UK residents is illegal and exposes the broker to enforcement action.

The absence of regulation means clients have no regulatory oversight, no complaints ombudsman and no access to the Financial Services Compensation Scheme (FSCS), which protects deposits up to £85,000 in the event of broker insolvency. Funds are not required to be held in segregated accounts, creating a direct risk of misappropriation.

Even offshore regulators—often seen as lenient—have not granted FULLMARKETS a licence. This total regulatory vacuum is the single most dangerous characteristic of the broker and should immediately deter any risk‑averse trader.

FXCanary found no official information on account tiers, minimum deposit requirements, spreads, commissions or leverage offerings. Legitimate brokers typically provide clear, tiered account structures—Micro, Standard, ECN, VIP—with transparent cost breakdowns. FULLMARKETS provides none of that.

This opacity often serves to obscure unfavourable conditions: hidden fees, manipulated spreads or minimum deposits that complicate withdrawals. Without disclosed terms, traders have no way of predicting the trading environment or comparing it to competitors.

We were also unable to confirm whether the broker offers popular instruments like forex, CFDs, indices, commodities or cryptocurrencies. Any claims made during cold calls or on unofficial channels are unverifiable, leaving potential clients vulnerable to bait‑and‑switch tactics.

The broker does not publish its accepted funding methods. The lack of transparency around deposits and withdrawals is itself a warning sign, but user reviews add a sharper dimension.

One reviewer stated plainly: ‘Stay away from deception!! I was Player very badly. First Money came back, Athen Whan I wanted my deposits back… Nottingham.’ This account suggests a common scam pattern: an initial withdrawal to build trust (or ‘player’ money), followed by an inability to retrieve larger sums.

Our analysis also found that the broker has zero employees—so who exactly processes withdrawal requests? It is highly likely that any client funds deposited end up in unmonitored third‑party accounts, with little hope of recovery.

No trading platform is officially advertised by FULLMARKETS. Whether they use MetaTrader 4/5, a proprietary web‑trader or a mobile app remains unknown. This absence of platform clarity is atypical and may hide the use of manipulated software that displays false performance or executes trades against the client.

One reviewer reported losing €19,000 before the broker ‘disappeared.’ While the platform itself wasn’t named, the result—a total loss of funds and subsequent vanishing—implies either a shuttered platform or a deliberate exit scam.

The mention of AnyDesk in other complaints is particularly alarming. This remote‑access software, when used by scammers, allows them to view sensitive information, install malware or directly execute trades. No legitimate broker would request AnyDesk access to troubleshoot routine issues.

The line between customer support and outright harassment is dangerously blurred at FULLMARKETS. One user complained of blocking over 20 phone numbers after repeated sales calls, while another detailed agents ignoring data‑erasure requests.

‘Pure scam, still calling me from Serbia, agents can’t understand English and still trying to scam with Bitcoin through AnyDesk,’ wrote a victim. This illustrates a boiler‑room operation: overseas call centres using pressure tactics to push fraudulent investments.

A separate reviewer noted that ‘these guys stalk you for whatever reason.’ Such behaviour exceeds aggressive marketing; it borders on criminal intimidation and demonstrates the broker’s disregard for consent and data privacy laws.

FXCanary analysed every user submission across multiple platforms. The Trustpilot page for FULLMARKETS holds a 1.9‑star rating, with every review rated one star. The pattern is undeniable: no satisfied customers, no neutral opinions—only warnings.

Key themes from the reviews include: - Outright scam accusations (three separate one‑star reviews using the word ‘scam’). - Inability to withdraw deposits. - Aggressive cold calling from foreign numbers. - Use of AnyDesk to facilitate Bitcoin‑related fraud.

Even the single review that mentioned a possible recovery route did so in a confused, disjointed manner, suggesting the user had already been victimised and was seeking third‑party help. Not one reviewer expressed trust in the broker’s operations or integrity.

Independent industry databases assign FULLMARKETS a Scam Risk Score of 50 out of 100, categorising it as an ‘Elevated’ risk. While this score leaves room for slightly less‑severe outcomes, it aligns closely with the user‑generated narrative of deception and operational opacity.

Comparatively, many regulated brokers achieve scores in the low‑risk range (70–100), while confirmed scams often score below 30. A score of 50 indicates a broker with multiple unresolved complaints, a questionable corporate structure and no regulatory shield.

On Forex Peace Army—a respected platform for trader disputes—FULLMARKETS has no rating or record, which can indicate either a lack of visibility or deliberate avoidance of public forums. Combined with a low Trustpilot average, the picture from aggregators is consistent: avoid this entity.

After a thorough investigation, FXCanary advises against opening an account with FULLMARKETS. The broker operates without a licence, has no verifiable trading platform and generates mounting user complaints of fraud, harassment and capital loss.

Our Scam Risk Score of 50 reflects an elevated danger and should not be interpreted as any margin of safety. In this context, even a single deposit risks total loss; recovery is unlikely without legal intervention or the involvement of financial regulators.

For traders seeking a reputable platform, we urge you to choose an FCA‑regulated broker (or another Tier‑1 regulator) that offers transparent pricing, segregated client accounts and access to an ombudsman service. The apparent savings in spreads or commissions from an unregulated broker are never worth the catastrophic risk of losing your entire capital. Steer clear of FULLMARKETS.