Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighA genuine Seychelles securities dealer licence confirmed on the regulator's own register, but low tier, with no compensation scheme, and the register records a different website than the brand clients use.
Identity & transparency
7/10 · HighThe entity and address check out on the register, but the operation is unreachable, uses three brands across the same infrastructure, and the licence record points to a different site than the one clients deposited into.
Withdrawals & conduct
9/10 · CriticalFund integrity complaints on two platforms describing deleted balances, confiscated profits and withdrawals unpaid for months, with named amounts, now compounded by the platform being entirely offline.
Reputation
7/10 · HighTrustpilot sits at 2.8 across 42 reviews with genuine positive withdrawal reports, but the negative reports are specific and recent, and the predecessor carries a regulator warning and a lost dispute membership.
Website claims
5/10 · ModerateWe found no false regulatory claim, and the licence it holds is real. We could not read the current site to check its marketing, so this is scored neutrally on the evidence available.
Operational history
5/10 · ModerateAbout a decade of verified trading history through the predecessor company incorporated in September 2015, offset by a brand and contracting entity barely a year old and a history of moving jurisdiction after regulatory trouble.
Who they are
A quick desk file on the company behind the brand.
- Brand: FULLERVERSE, the successor brand to Fullerton Markets
- Legal entity: Fullerverse (SC) Limited
- Registered: House of Francis, Room 301(C), Ile du Port, Mahe, Seychelles
- Website: fullerverse.trade, currently not responding
- Only licence: Securities Dealer, Financial Services Authority of Seychelles, a low tier offshore authorisation
- Also on record: the regulator lists afpcapital.tech as this company's website, not fullerverse.trade
- Predecessor: Fullerton Markets, trading since 2015, entities in New Zealand and Saint Vincent and the Grenadines
- Offers: retail foreign exchange and multi asset trading accounts, on the evidence of the predecessor brand
- Age claim: none we could read, because the site is offline
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Financial Services Authority (Seychelles)
Why we reached this verdict
How the evidence adds up.
We reached likely scam because a real licence sits on top of an operation that has gone dark while clients say their money is still inside it.
- The licence is genuine. We opened the Seychelles Financial Services Authority capital markets register and found Fullerverse (SC) Limited listed as a securities dealer. The address and phone number on the register match those published for this broker, so this is the right company and not an impostor.
- The whole web estate is down. fullerverse.trade does not answer. Neither does afpcapital.tech, which is the website the regulator itself records for this licence holder. Neither does fullertonmarkets.com. All three run on the same two Cloudflare name servers, so they are one operation, and that operation is currently unreachable.
- The register points somewhere else. The Seychelles entry gives this company's website as afpcapital.tech. The licence therefore does not positively cover the fullerverse.trade brand that clients were moved onto.
- The predecessor carries a regulator action. New Zealand's Financial Markets Authority issued Fullerton Markets Limited a formal warning under section 80 of the anti money laundering law on 23 November 2017, over missing risk assessments, weak customer due diligence and failure to check politically exposed persons. The company then withdrew its derivatives issuer licence application and left New Zealand. A change of brand does not clear that history, and we found no evidence the operations were severed.
- Independent dispute cover was lost. The Financial Commission withdrew Fullerton Markets' membership on 30 August 2024, which means clients can no longer bring complaints there or claim from its compensation fund.
- Clients describe the same failure. On two review platforms, users report balances and profits deleted, accounts blocked and withdrawals unpaid for months. One verified reviewer names about 6,200 US dollars taken from him and about 30,000 US dollars across colleagues. Another says he could not withdraw for several months and that support was dead. These cluster from mid 2025 into 2026, which is exactly the window in which accounts were moved to Fullerverse.
- Why not a confirmed scam. The licence is real and in force, the company is a decade old operation rather than a fresh shell, and some clients did report smooth withdrawals as recently as July 2026. Those facts are genuinely in the broker's favour and they stop us going further.
- On the numbers. The weighted average of the six scores is 7.0, which is 70%. The unsevered predecessor regulator action sets a floor of 70. We publish 76 because the failure is live: at the time of writing, clients cannot reach this operation at all.
- One honest limit. We could not read the broker's own website, because it does not load. Our conclusion rests on the regulator's register, the company registries and client reports, not on anything missing.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Fullerverse (SC) Limited is listed as a licensed Securities Dealer on the Seychelles Financial Services Authority capital markets register, at House of Francis, Room 301(C), Ile du Port, Mahe, with phone +248 4 224 665. The licence is real and in force.
E2The same register entry records this company's website as afpcapital.tech, not fullerverse.trade. The licence record therefore does not tie the authorisation to the brand clients were migrated onto.
E3The domain fullerverse.trade was registered on 10 June 2025 through GoDaddy and runs on Cloudflare name servers dana.ns.cloudflare.com and mark.ns.cloudflare.com. The brand is about fourteen months old.
E4afpcapital.tech, the website the regulator records for this licence holder, was registered on 2 July 2021 and uses the identical pair of Cloudflare name servers, tying it to the same operator.
ModerateRegistry domain record for .techE5The predecessor domain fullertonmarkets.com was registered on 25 June 2015 and uses the same two Cloudflare name servers as both other domains, confirming Fullerton Markets and Fullerverse are one operation.
E6Fullerton Markets Limited, company number 5810357, was incorporated in New Zealand on 24 September 2015, remains registered, last filed an annual return on 26 November 2025, and lists one director, Andrew Poon, in Auckland.
ModerateNew Zealand Companies RegisterE7New Zealand's Financial Markets Authority issued Fullerton Markets Limited a formal warning under section 80 of the anti money laundering law on 23 November 2017, for lacking an adequate risk assessment and compliance programme and failing to check politically exposed persons. The company withdrew its derivatives issuer licence application.
E8The Financial Commission withdrew Fullerton Markets' membership with effect from 30 August 2024. Its clients can no longer bring complaints there and are not eligible for its compensation fund.
E9Trustpilot for the operation's main domain shows 42 reviews averaging 2.8. Fund integrity complaints include a verified reviewer on 9 July 2025 describing about 6,200 US dollars confiscated from him and about 30,000 US dollars across colleagues, a reviewer on 25 June 2025 saying earnings and deposits were deleted pending an investigation, and a reviewer on 21 January 2026 saying he could not withdraw for several months and support was dead.
StrongTrustpilotE10The same Trustpilot page carries credible positive reports of fast deposits and smooth withdrawals in 2023, 2024 and as recently as July 2026, and 70% of reviews are five star. Several negative reviews promote a named recovery service or a rival platform and were discounted as unreliable.
ModerateTrustpilotE11The only archived capture ever taken of fullerverse.trade, on 10 July 2025, redirects to a domain parking lander rather than a trading site, so the brand has no archived history of operating a real platform.
E12The predecessor entity Fullerton Markets International Limited is recorded in Saint Vincent and the Grenadines at Euro House, Richmond Hill Road, Kingstown, with an active entity status but a lapsed identifier registration. A legal entity identifier proves the company exists and is not a trading licence.
The other side
The strongest case in this broker’s favour.
Here is the strongest fair case for Fullerverse, and it is not empty.
- It really is licensed. We checked the Seychelles regulator's own register and Fullerverse (SC) Limited is on it as a securities dealer. Many brokers we investigate claim a licence they do not have. This one has a real one.
- It is not a clone. The name, the registered address and the phone number on the regulator's record all match what this broker publishes. Nobody is wearing another firm's identity here.
- This is an established business, not a fly by night. The operation traces back to Fullerton Markets Limited, incorporated in New Zealand on 24 September 2015 and still on the register, with a domain registered in June 2015. That is around a decade of trading history.
- Some clients were paid. Trustpilot reviews from 2023, 2024 and as recently as July 2026 describe fast deposits and smooth withdrawals. The overall score across 42 reviews is 2.8 with 70% five star, which is not the profile of a pure theft operation.
- A website outage is not proof of fraud. Servers fail, migrations go wrong, and hosting can lapse for dull commercial reasons. A brand transition that was announced publicly back in 2022 is a normal corporate plan, not a disappearing act by itself.
- Some complaints are unreliable. Several negative reviews plug a named recovery service or a rival platform. That is a known pattern of planted content and we discounted those rather than counting them.
- The AML warning is old and is not a fraud finding. The 2017 New Zealand warning was about compliance paperwork and customer checks. It was not a finding that anyone stole client money.
What would change this
What we would need to see to revise the verdict.
These are the specific things that would move our verdict, in either direction.
- Towards safe: fullerverse.trade coming back online, with a working client area and clients confirming that withdrawals requested during the outage have been paid.
- Towards safe: the Seychelles register being updated to record fullerverse.trade as this licence holder's website, tying the licence to the brand clients actually deposit into.
- Towards safe: a clear public statement from the company explaining the outage, with a dated timetable for restoring access to funds.
- Towards safe: a run of independent, specific reports from clients who got their balances back in full after the migration.
- Towards worse: any regulator, including the Seychelles Financial Services Authority, suspending or cancelling this licence, or naming the company on a warning list.
- Towards worse: credible reports of anyone being asked to pay a tax, fee or release charge before their funds are returned. That single pattern would push this to a confirmed scam.
- Towards worse: the operation reappearing under a further new brand while the old balances remain unpaid.
- Towards worse: the Seychelles entity being struck off, or the domains lapsing entirely.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Seychelles FSA register of licensed securities dealers
The regulator's own list, where Fullerverse (SC) Limited appears.
New Zealand Companies Register, Fullerton Markets Limited
Company record for the predecessor entity, incorporated 24 September 2015.
Financial Commission notice on Fullerton Markets
Confirms membership and compensation cover ended on 30 August 2024.
Trustpilot reviews for the predecessor brand
Client reviews, including the withdrawal complaints we cite.
Frequently asked questions
Quick answers about this broker’s safety.
Is Fullerverse a scam?
We rate it a likely scam, at 76% risk. It does hold a real Seychelles licence, which is a point in its favour. But its websites are all offline and clients report that they cannot withdraw their money, which is why we cannot call it safe.
Is Fullerverse regulated?
Yes, but only lightly. We confirmed Fullerverse (SC) Limited on the Seychelles Financial Services Authority register as a licensed securities dealer. Seychelles is a low tier offshore jurisdiction, so the licence gives you far less protection than one from the UK, Australia or Singapore.
Can I withdraw my money from Fullerverse?
At the time of writing, probably not. The trading site does not load and clients on two review platforms say withdrawal requests have gone unanswered for months. Put your request in writing anyway, keep the records, and raise it with the Seychelles regulator.
Is my money safe with Fullerverse?
We would not treat it as safe. A Seychelles securities dealer licence carries no compensation scheme, so if the company fails there is no fund that repays you. The independent dispute service it used to belong to also dropped it in August 2024.
Who is behind Fullerverse?
Fullerverse is the successor brand to Fullerton Markets, an operation that began in New Zealand in 2015 and later moved to Saint Vincent and the Grenadines. The current contracting company is Fullerverse (SC) Limited in Seychelles.
How old is Fullerverse?
The Fullerverse brand is new. Its domain was registered on 10 June 2025, so it is a little over a year old. The business behind it is older: the predecessor company was incorporated in New Zealand on 24 September 2015.
What happened to Fullerton Markets?
It rebranded to Fullerverse, with the transition completed by the end of 2025. Clients report their accounts were migrated across, after which the old site became unreachable and support stopped replying. Both brands' websites are currently offline.
Why is the Fullerverse website not working?
We could not load fullerverse.trade at all. The same is true of afpcapital.tech, which is the website the Seychelles regulator records for this company, and of the old fullertonmarkets.com. All three sit on the same infrastructure, so this is one operation that has gone offline rather than a single broken page.
What is a Seychelles securities dealer licence worth?
Not very much in practice. It shows the company was vetted and pays fees, but Seychelles has limited supervisory capacity, no compensation scheme, and pursuing a claim from abroad is slow and expensive. Treat it as a formality rather than real protection for your deposit.
Did a regulator ever act against this operation?
Yes, against its predecessor. New Zealand's Financial Markets Authority issued Fullerton Markets Limited a formal anti money laundering warning on 23 November 2017 for inadequate risk assessment and customer due diligence. The company then withdrew its licence application and left New Zealand.
Is Fullerverse a clone of another broker?
No. We checked the name, registered address and phone number against the Seychelles register and they match. This is a real licensed company operating under its own identity, not an impostor using someone else's credentials.
What should I do if I cannot get my money out?
Gather every record you have, send a written withdrawal request and keep a dated copy, then complain to the Seychelles Financial Services Authority. Ask your bank or card issuer about a chargeback quickly, because time limits apply. Never pay anyone a fee to recover your funds.
Should I open an account with Fullerverse now?
No. There is no working platform to trade on and no dependable route to withdraw. Until the site returns and clients confirm they are being paid, there is no reason to put money in.
What we recommend
The practical takeaway from everything above.
Our advice is to treat this as an operation you cannot currently reach, and to act accordingly.
- Do not deposit any new money. There is no working website to trade on and no reliable way to get funds back out right now.
- If you have a balance, start documenting it today. Save account statements, deposit receipts, transaction IDs, ticket numbers and every message you have sent and received.
- Put your withdrawal request in writing and keep a dated copy, even if nobody replies. A written, unanswered request is the record you will need later.
- Complain to the Seychelles Financial Services Authority. It licenses this company and it is the authority that can act on it. Note that the Financial Commission is no longer an option, as membership ended in August 2024.
- Ask your bank or card issuer about a chargeback if you funded the account by card or transfer. Time limits apply, so ask early.
- Ignore anyone who offers to recover your money for a fee. Several reviews about this broker promote named recovery services. Those are usually a second fraud aimed at people who have already lost money.
- Never pay a fee, tax or charge to release your own balance. No legitimate broker requires that.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 16, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.