Note: FUJIs official site - https://www.fujibullion.com/zh/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is FUJI？
FUJI Bullion Limited, founded approximately 5-10 years ago, is a financial trading platform that specializes in precious metals. The company is registered in Hong Kong and claims to be regulated by the Chinese Gold & Silver Exchange Society (CGSE), though potential users should verify this independently for added assurance.
The range of market instruments offered by FUJI Bullion is primarily dedicated to precious metals. They offer 99 gold and kilobar gold contracts for trading and also provide investors the ability to trade in international market standards such as London Gold and London Silver. This diversity allows investors to engage with the market in ways that fit their unique investment strategies, be it through contract trading or physical purchase.
On the technology front, FUJI utilizes the MT4/5 trading platforms. These are widely renowned and utilized platforms in the trading world known for their comprehensive functionality, including extensive charting tools, automated trading capabilities, and a user-friendly interface.
In terms of customer support, FUJI Bullion provides a phone number (+852 3618-9033) and email address (admin@fujibullion.com) as primary contacts. This suggests that they have structures in place to resolve user queries and provide necessary assistance. However, the quality and effectiveness of this service are not explicitly mentioned.
Pros & Cons
Pros
Currently Regulated: FUJI Bullion Limited is regulated by the Chinese Gold & Silver Exchange Society (CGSE), which might increase the trustworthiness of the company to potential investors.
Experienced Broker: With a lifespan of approximately 5 to 10 years, FUJI Bullion Limited has a considerable amount of experience in the market. Consequently, it might be more adept at navigating market adjustments and providing reliable services.
Cons
Unavailable Website: The absence of an accessible official website is a significant disadvantage since it hinders the ability of users to access crucial information about the company. Important updates, performance metrics, and terms of service are typically found on a company's website, so lacking access to this resource means potential and current users might be missing critical information.
Limited Information: The lack of transparency and availability of information about the company can pose a challenge for potential investors. It could make it harder to conduct thorough research and due diligence before investing.
Limited Customer Support: While the company does provide phone and email support, the efficiency and accessibility of these services are unclear. This implies that in case of queries or issues, users might not receive prompt or adequate assistance.
Is FUJI safe or scam？
FUJI Bullion Limited is reported to be regulated by the Chinese Gold & Silver Exchange Society (CGSE). This regulatory jurisdiction suggests that this Hong Kong-based broker operates under a monitored environment and adheres to specific standards and practices to safeguard its users. The regulation by CGSE indicates that the platform needs to conform to the standards for transparency, fair practice, and customer protection as set by the regulatory body.
Having a good reputation can be an indicator that FUJI Bullion Limited is unlikely to be a scam. A good reputation is often built over years, even decades, of consistent and transparent business practices, as well as by providing dependable service to its customers. Furthermore, a reputable company usually has multiple positive reviews or feedback from its customers and industry peers, further strengthening its standing in the market.
Market Instruments
FUJI Bullion Limited offers a range of market instruments focused primarily on precious metals.
Gold Contracts: As an AA-rated registered dealer in gold, FUJI Bullion Limited offers gold contracts for trading. These contracts include 99 gold and kilobar contracts.
Cast Gold Products: FUJI Bullion acts as an agent in the sale of its own branded cast gold products. Primarily, these gold products are 5 taels and 1 tael 9999 gold bars. This gives investors a physical investment option in addition to derivative products.
London Gold and Silver: In addition to the above, investors can also trade in internationally recognized standards for precious metal investments like London Gold and London Silver. These are over-the-counter (OTC) traded commodities known for their liquidity and volume.
Spreads & Commissions
Spreads: For London Gold, the spread is US0.50, and for London Silver, the spread is US0.04. The spread is the difference between the bid and the ask prices of a financial instrument, which represents the cost of trading on the platform.
Commission: Furthermore, traders will be charged a commission of RMB400 per lot, which indicates the broker's fee for executing the trade.
Leverage
FUJI Bullion offers a maximum trading leverage of 100:1. This is a reasonably high leverage ratio, which means that for every dollar of the trader's margin (the collateral that a broker will hold against their trading positions), they can control up to $100 in trading positions. While this can potentially magnify profits, it can also magnify losses if the markets move against the trader's position.
Trading Platforms
FUJI Bullion offers its users access to MetaTrader 4 (MT4), one of the most popular and advanced trading platforms in the world. This platform is known for its user-friendly interface and a range of sophisticated trading and analytical features, catering to the needs of different types of users, from beginners to experienced traders.
Developed by globally recognized software companies, MT4 also provides robust technical support to ensure a smooth trading experience. Also, FUJI Bullion offers a demo version of MT4, allowing prospective traders to familiarize themselves with the platform and practice trading strategies without any real financial risk.
MT4 supports automated trading via Expert Advisors (EA), allowing traders to automate their trading strategies and reduce the manual monitoring requirement. This can be a significant advantage, particularly for traders who want to utilize algorithmic trading.
Moreover, FUJI Bullion has made MT4 accessible across various electronic media, including internet browsers and smartphones. This multi-platform access offers traders the flexibility to manage and monitor their trades, settlements, and fund transfers anytime and anywhere, giving them maximum control over their trading activities.
Customer Service
FUJI Bullion Limited can be contacted via:
Phone: Clients can contact their customer support by dialing +852 3618-9033.
Email: For queries, requests, or concerns that require detailed explanations or require attaching documents, clients can reach them via email at admin@fujibullion.com.
Conclusion
FUJI Bullion Limited is an experienced financial trading platform based in Hong Kong, specializing in the provision of trading opportunities in precious metals. With reputed regulatory oversight from the Chinese Gold & Silver Exchange Society (CGSE), a range of investment options, and utilization of a leading trading platform like MT4, FUJI Bullion presents a fairly strong offering to interested investors.
Principally offering gold contracts and the sale of its own branded cast gold products, they cater to investors interested in the physical possession of gold and those who prefer to speculate on price movements via contracts. Spreads and commissions are explicitly laid out, putting prospective users in a better position to gauge the potential costs of dealing with them.
However, some potential areas of concern include the unavailability of their official website and limited accessibility of significant trading information, which could potentially hinder proper investor due diligence. Furthermore, the specifics regarding the responsiveness and quality of their customer service aren't well-defined.
Frequently Asked Questions (FAQs)
Question: Is FUJI regulated？
Answer: Yes, FUJI claims to be regulated by the Chinese Gold & Silver Exchange Society (CGSE).
Question: What trading platform does FUJI use？
Answer: FUJI uses the MT4 trading platform.
Question: What types of market instruments does FUJI offer？
Answer: FUJI offers trading in precious metals, with market instruments including gold contracts, their own branded cast gold products, and internationally recognized standards such as London Gold and London Silver.
Question: What are the spreads and commissions for trading with FUJI？
Answer: For London Gold, the spread is US0.50, and for London Silver, the spread is US0.04. Traders will be charged a commission of RMB400 per lot.
Question: What support channels does FUJI offer to its users？
Answer: FUJI provides its customers with a phone number (+852 3618-9033) and an email address (admin@fujibullion.com) for getting support.
Question: What is the maximum trading leverage offered by FUJI？
Answer: FUJI Bullion offers a maximum trading leverage of 100:1. This means for every dollar of the trader's capital, they can control up to $100 in trading positions.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-12-22 14:34
2022-11-16 14:17
