Overview
Trust score
Tradeable Symbols (Total): 2800
Year Founded: 2010
Publicly Traded (Listed): Yes
Bank: No
Pros 👍🏻
- The available minimum deposit is $1.
- The desktop and mobile platforms MetaTrader 4 and MetaTrader 5 and a web terminal are available for trading.
- Support for copying services for passive investing.
- Low trading fees, no deposit fees.
- Support with multiple communication channels.
- Fast registration and convenient trader’s office.
Cons 👎🏻
- In addition to the standard set of trading instruments, there is no possibility to trade real stocks, futures, or options.
- There is no educational information or proprietary analytics on the broker’s website.
- The Vanuatu regulator, under which the broker division operates, does not have a solid track record.
About Fusion Markets
Fusion Markets is an Australian forex and CFD broker established in 2017. It offers popular MT4, and MT5 trading platforms including Desktop, Mobile, and WebTrader versions.
FusionMarkets supports all trading styles including EAs, Scalping, and Spike trading. Copy Trading is offered via Fusion+. Trading instruments include over 80 forex pairs, popular cryptocurrencies, stocks, indexes, precious metals and commodities as CFD.
Fusion Market prides itself on ASIC and VFSC regulation and low cost trading (fresh data on spreads and commissions is available on the broker website). Fees are waived on Visa, MasterCard, and PayPal deposits; US shares trading incurs 0 broker fee.
Company Overview
Located in Melbourne, Australia, Fusion Markets Pty Ltd is the brainchild of a collection of experienced forex investors. Its founders offer a combined experience of over 50 years, with their stated mission to make trading the financial markets simpler and more economical.
The company’s ethos is three-pronged:
- To lower the cost of trading forex, CFDs, and other financial products
- To offer friendly support to all investors, irrespective of experience
- To provide cutting-edge technology that delivers a seamless trading experience
Licensed and regulated by the Australian Securities and Investments Commission (ASIC) as a securities dealer, Fusion Markets is reliable in terms of safety and security.
Applicants for these licenses must comply with a strict set of criteria to qualify, including a minimum capital requirement of one million AUD and an agreement to file regular reports allowing for third-party audits.
Offering a wide range of financial instruments, as well as ongoing support and a top-notch platform, the online brokerage caters to traders of all experience levels and budgets.
Spreads and Commissions
Fusion Markets forex commissions and spreads for individual currency pairs are charged as per the table below.
Fusion Markets | |
EURUSD fee description | ZERO account: $2.25 commission per lot per trade plus spread cost. 0 pips is the average spread cost during peak trading hours. |
GBPUSD fee description | ZERO account: $2.25 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours. |
Fees
Trading with Fusion Markets involves fees from $4.50 USD, spreads from 0.01 pips to 0.8 pips, and commission-free trading depending on the account traders select.
Fusion Markets Deposit and Withdrawal
Fusion Markets does not request any minimum deposit. The broker believes traders should start with what they feel most comfortable with. On average clients of the broker start with about $ 1 500 or more.
The following methods can be used to fund accounts or make withdrawals:
- Visa
- MasterCard
- Skrill
- Neteller
- Bank Wire Transfer
- Local bank transfers for clients from the Philippines, Thailand, Malaysia, Indonesia, and Vietnam
There are no fees for deposits or withdrawals. Withdrawals are usually processed on the same day if received by 11 am AEDT.
Funds should reflect into your account between 1 – 5 business days for credit and debit cards depending on the card provider and between 2 – 5 business days for bank wires.
The broker only accepts deposits or withdraws funds from an account that matches the account holder’s name.
Leverage
Fusion Markets leverage available is up to 500:1 as part of Fusion Market’s commitment to offer a flexible service.
Is Fusion Markets safe ?
Fusion Markets operates through two legal entities, both of which are ASIC and the VFSC. The broker provides negative balance protection for its clients under ASIC, although there is no investor protection. That said, Fusion Markets should be a safe broker to trade with.
Trading Flatform
The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Trading platform | Score | Available |
---|---|---|
Web | 2.8stars | Yes |
Mobile | 3.8stars | Yes |
Desktop | 3.4stars | Yes |
Fusion Markets does not have its own proprietary trading platform, it uses MetaTrader 4, a third-party platform.
MetaTrader 4 is available in an exceptionally large number of languages
Customer Service
Fusion Markets is one of the most approachable platforms you’re likely to find and there’s plenty of information available on the site about the markets available and the various tools you can use. However, the platform also has an excellent customer support team that always supported 24/7.
By far the easiest way to get in touch is via webchat. Our Fusion Markets review found the team typically responds within two minutes, but this can be longer during busier periods. You also have the option of emailing the team and there’s even a phone number available if you want to speak to the team directly.
You might even find that you don’t need to contact customer service at all, as the website has a fairly in-depth FAQ section that covers just about every kind of query you can imagine, from payment options to how to set up the trading platforms.
Final Thought
It’s safe to trade with Fusion Markets. Our Fusion Markets review took into consideration multiple factors that were compiled into our proprietary scoring system and revealed the followings:
- Proper forex regulation and licensing
- Industry-leading commissions on the ECN account
- Low spreads across all major and minor currency pairs
- Industry-leading MetaTrader 4 and 5 trading platform
- No deposit fees and no minimum deposit policy
- Free VPS if you trade over 20 standard lots within a month
FAQ’s
In as few words as possible, our mission is to have the lowest trading costs in the industry. We also have no minimum deposit, fee-free funding options, rockstar support and world-class technology to help you succeed in the markets. Don’t take our word for it, see what everyone else thinks.
You can find our spread averages, commission rates, the full list of trading products and more on our Trading Conditions page.
Fusion was founded in November 2017 and launched trading for clients in June 2019. It is 100% owned and operated by veterans from the Australian forex industry. Please click here for more information.
We currently have our head office in Melbourne, Australia. More offices around the world will be opening soon as we continue to expand.
Reviews
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