- Best Forex Brokers
- Broker Reviews
Account Minimum: $0
Fees: From 0 pips
Best For: Low Fees
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Fusion Markets is a well-established Australian forex broker. Founded in 2017, the broker has strong regulatory oversight in place from the ASIC in Australia as well as the VFSC in Vanuatu. Founded in 2010, the company has grown to become a global presence that also accepts Canadian clients.
Here, we go in-depth with our Fusion Markets review to find out more about the key areas of the broker so you can make the most informed decision possible when choosing your next forex broker.
- iOS & Android Apps
- Well-regulated by ASIC and VFSC
- Spreads start from 0 pips on Zero account
- No deposit or withdrawal fees
- Extensive leverage available
- Limited asset range outside forex
- Unavailable to US traders
- No ETFs or Bonds
Critical to any broker, regulation and a secure trading environment are something you will find in place at Fusion Markets. The broker is regulated both by the Australian Securities and Investments Commission (ASIC), and the Vanuatu Financial Services Commission (VFSC), a respected offshore regulator.
With these oversights in place, the broker has found a good combination of top-tier regulation in the form of ASIC, alongside a well-respected offshore regulatory authority. This means traders from around the world can have access to a trading environment that is very secure and with effective safeguards in place, while also retaining a degree of flexibility in trading with certain aspects such as the availability of leverage and bonuses.
Regulation under ASIC is available to Australian clients only, while clients from other countries will trade under the VFSC-regulated entity of Fusion Markets. Negative balance protection is provided to those trading under ASIC, though there is limited investor protection under VFSC.
Finally, the fact that the broker has been operating at a high level in the industry since 2017 is a positive point in regard to trust. They have a strong reputation not only in Australia but around the world, and are generally well-reviewed and trusted by a very large client base.
Fusion Markets offers more than 250 financial products to trade in across a number of the most popular markets in the industry. Firstly, in terms of forex trading, there are more than 90 currency pairs available. This includes major, minor, and exotic currencies and is a comparatively large offering.
Commodities including gold, silver, platinum, crude oil, and other energy commodities are offered for trading as CFDs. Major indices can also be traded as CFDs. There are also more than a dozen cryptocurrencies that can be traded including BTC, DOGE, ETH, BCH, LTC, EOS, DOT, LINK, LUNA, SOL, MATIC, XLM, ADA, AVAX, and BNB as well as over 100 CFDs on US-listed shares from some of the biggest names in the world.
While there are currently no ETFs or bonds offered for trading, the broker generally provides a strong selection of assets to choose from. Copy trading is also permitted through the Fusion+ copy trading platform. Fusion Markets also supports the use of EAs as well as other trading strategies including hedging and scalping.
Commissions and Fees
he fees are generally kept low at Fusion Markets. The fees you incur will depend on which account type you choose to open. There are three main Fusion Markets account types to choose from. These are the Zero and Classic accounts. A swap-free account type is also available on request for Islamic traders and those who require it.
The Zero account type has a starting spread of 0 pips though there is a commission of $4.50 per round turn trade with this account type. If trading through a Classic account, spreads start from 0.8 pips on major currency pairs, and trading is commission-free.
Overnight fees are applied according to the rates at that time when traders hold CFD positions open after the close of the market. This fee is not charged on the swap-free account, though there may be other fees in its place.
When it comes to deposits and withdrawals at Fusion Markets, these are all generally fee-free. The only exception may be if you are making an international wire transfer. All other methods typically have no fee from the broker side. Also, there is no inactivity fee charged by Fusion Markets. Instead, if your account has no balance or activity for a period of 90-days then it will be archived by the broker. These accounts may be recovered by contacting the support team.
Fusion Markets offers several top trading platforms. Available to choose from are both MT4 and MT5 platforms. These are among the most popular and respected in the industry and allow for a host of customizable features, indicators, and charts along with being very accessible and easy to navigate for almost any level of trader. The broker also provides copy trading services through their Fusion+ copy trading platform which is very intuitive and user-friendly.
Alongside the desktop platforms, MetaTrader WebTrader platform is available and can be accessed within your browser without the need for a download. On mobile, both the MT4 and MT5 mobile platforms are available through apps that can be downloaded on iOS and Android devices. These mobile platforms have all of the functionality of the other platform types and are very easily accessible to traders.
There are a number of ways to contact the Fusion Markets support team. This can be done through email, phone, their local office locations, or the web-based live chat on the brokers’ website for a fast response.
The support team is generally professional and helpful with a fast response time in answering questions. The broker also provides an FAQ section on their website which can be consulted for most common questions.
Overall, Fusion Markets is a well-respected broker with solid regulation in place which traders can have faith in. The broker also provides a trading environment that is accessible and easy to navigate for new and experienced traders alike. The low-fee aspect of Fusion Markets is also attractive to many as well as the product range and extensive leverage of up to 500:1 that can be accessed under VFSC regulation.
Combining these factors, it is easy to understand how Fusion Markets has grown and expanded through its years in the industry, and with further foresight and development, the broker should continue to be a top pick for many traders.
Fusion Markets is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017), regulated by ASIC, and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620.