Fusion Markets is an online brokerage company founded in Melbourne (Australia) in 2017. FMGP Trading Group Pty Ltd is the parent company of Fusion Markets.
Fusion Markets specializes in providing derivatives trading services on CFDs (Contracts for Difference) across a variety of markets, including Forex, commodities, indices, stocks, ETFs, bonds, and cryptocurrencies.
Is Fusion Markets a good broker?
Yes, Fusion Markets is a good broker overall.
While it’s not the most beginner-friendly due to a 30-day limit on its demo account and a lack of educational tools, it does offer the advantage of no minimum deposit, which might attract new traders cautious about initial investments.
For day trading, particularly in forex and CFDs, is great as it offers a decent selection of currency pairs and CFDs, alongside accounts tailored for different trading needs. Scalping is another area where Fusion Markets is good, thanks to its fast execution speeds and competitive spreads and commissions.
Is Fusion Markets good for beginners?
No, Fusion Markets may not be the best option for beginners.
While it provides a demo account, the duration is limited to 30 days, which might not be adequate for novice traders to develop a solid understanding of trading practices.
The absence of educational resources is a significant drawback for those new to trading, as such resources are crucial for learning and understanding market dynamics. However, the platform’s no minimum deposit feature and the copy trading capabilities can be appealing for beginners who are cautious about trading on their own.
Is Fusion Markets good for day trading on Forex and CFDs?
Yes, Fusion Markets is a good option for forex and CFD day trading.
Fusion Markets offers a good variety of forex currency pairs, totalling 80 and around 200 CFDs, which is enough for most traders but may be limited for those traders looking for more exotic assets.
The brokerage offers two types of accounts for forex and CFD trading, which are the Fusion Markets Zero account, which features 0 pips for a fee of $4.50/lot round turn, and the Classic account with a spread of 0.8 pips.
Is Fusion Markets good for scalping?
Yes, Fusion Markets is a good choice for scalping.
The Fusion Markets Zero account is particularly well-suited for this style of trading, offering fast execution speeds at around 34 milliseconds, which is crucial for the rapid trading style of scalping. The account provides raw spreads, with an average of 0.03 on the EUR/USD pair, plus a low commission of $4.50 per round-turn.
Is Fusion Markets good for demo trading?
Yes, Fusion Markets is a good platform for demo trading.
The demo account at Fusion Markets grants access to multiple platforms, including MT4, MT5, and cTrader. This feature allows traders to familiarize themselves with different trading interfaces and tools, and test Expert Advisors (EAs), which is beneficial for developing and testing trading strategies.
However, the demo account is limited to a 30-day period, which might be a short time frame for new traders who need more time to practice and understand market dynamics thoroughly.
Is Fusion Markets good for long-term investing?
No, Fusion Markets is not an ideal platform for long-term investing.
Fusion Markets is a CFD broker, and one significant drawback of CFDs for long-term investments is the application of overnight fees. These fees are charged for holding positions open over multiple days and can accumulate significantly over time, eroding potential profits.
What are the Fusion Markets key features?
The key features and main characteristics of Fusion Markets are listed below:
- Forex and CFD trading: At Fusion Markets you can find over 200 CFD assets, including 80 CFD forex pairs to trade.
- Low trading costs: Fusion Markets offers very low trading costs on their Zero Account, with average spreads from 0.03 pips plus a competitive fee of $4.50/lot round turn.
- Fast order execution: According to Fusion Markets, their average execution speed across all assets is 34ms (as of Aug.2023).
- Algorithmic trading: Fusion Markets caters for algo traders, and they also offer sponsored VPS services to facilitate automated trading activities.
- Wide range of platforms: At Fusion Markets you can trade on MT4, MT5, cTrader, and Duplitrade.
The major attributes and qualities of Fusion Markets can be found in this table below:
| Area of regulation |
Australia, Offshore (Vanuatu)
|
| Trading fees |
Low
|
| Inactivity fee |
No
|
| Withdrawal fees |
No
|
| Minimum deposit |
$0
|
| Time to open a live account |
3 days on average
|
| Wire transfer |
Yes
|
| eWallets deposits |
Yes
|
| Account base currencies supported |
USD, EUR, GBP, AUD, JPY, SGD
|
| Demo account provided |
Yes
|
| Products offered |
CFDs on Forex, Indices, Commodities, Stocks
|
What can’t be done on Fusion Markets?
The things and actions you can’t do on Fusion Markets are listed below:
- Not available in several countries: Fusion Markets is not licensed to operate within the EU, UK, USA, and other countries.
- No unlimited demo: Fusion Markets demo account expires after only 30 days.
If you’re looking for one of these features, you might want to look for Fusion Markets alternatives.
What are the Fusion Markets pros and cons?
Pros:
- Very low trading costs overall
- Stable raw spreads (0,06 on EUR/USD on average)
- Fast order execution of 34ms on average
- MT4 and MT5 are both available for trading
- Fusion Markets does not require a minimum deposit
- Caters for algorithmic trading
Cons:
- Demo account is not unlimited
- Lack of educational tools
- Not available in the EU, UK and several other countries
- Limited variety of tradable assets
Is Fusion Markets regulated?
Yes, Fusion Markets is regulated by the VFSC in Vanuatu (40256) and the ASIC in Australia (385620). Since Fusion Markets isn’t licensed by any European bodies, it isn’t ESMA compliant meaning it cannot accept European customers.
The different regulatory bodies Fusion Markets worldwide entities are subjeted to, can be found below:
| Fusion Markets Entities | Regulatory body | License Number | Country | Fusion Markets Entity Address |
|---|---|---|---|---|
| FMGP Trading Group Pty Ltd | ASIC (Australian Securities and Investments Commission) | 385620 | Australia | Level 10, 627 Chapel St, South Yarra VIC 3141, Melbourne, Australia |
| Gleneagle Securities Pty Limited | VFSC (Vanuatu Financial Services Commission) | 40256 | Vanuatu | Govant Building, BP 1276 Port Vila, Vanuatu |
| Fusion Markets International Ltd | FSA (Financial Services Authority) | SD096 | Seychelles | CT House, Office 9A, Providence, Mahe, Seychelles |
Is Fusion Markets legit?
Yes, Fusion Markets is a legit brokerage firm in the trading industry and it’s not a scam. It is a trusted company established in 2017.
Fusion Markets’ headquarter is located in Level 10, 627 Chapel St, South Yarra VIC 3141, Melbourne, Australia.
Fusion Markets has a global presence with two other offices and licenses located in Port Vila (Vanuatu) and in Providence, Mahe (Seychelles).
Is Fusion Markets safe?
Yes, Fusion Markets is considered safe for traders even though this is not guaranteed for future positive results. It follows strict financial protocols to guarantee the safety of deposits, withdrawals and other financial transactions.
Additionally, Fusion Markets segregates its bank accounts to keep client funds separate from company assets, and provide their clients with MetaTrader platforms, renowned for their reliability and robustness in the trading industry.
Has Fusion Markets won any industry awards?
Fusion Markets won our InvestinGoal award for “Best Low Spread Broker” in 2021.
How does Fusion Markets protect clients’ money?
Fusion markets secures client’s money by storing them in segregated accounts at top-level banks such as the HSBC bank in the UK and the National Australia Bank (NAB) in Australia. This segregation ensures that client funds remain secure, irrespective of any future issues that may arise with the broker.
Fusion Markets also provide negative balance protection to retail clients residing in Australia under the ASIC (Australian Securities and Investments Commission) regulation. This means that losses cannot exceed the initial deposit. However, this is not available under VFSC (Vanuatu Financial Services Commission) and FSA (Financial Services Authority of Seychelles) regulations.
Who is the CEO of Fusion Markets?
The Fusion Markets CEO is Phil Horner (an Australian entrepreneur) from 2019.
How to use Fusion Markets?
In order to use Fusion Markets you have to respect the following requirements:
- Be legal of age in your own country
- Make sure Fusion Markets is allowed in your country
- Verify your identity
- Deposit a minimum amount of money
In Which Countries is Fusion Markets not Available?
Fusion Markets is not available in Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Palestine, Russia, Somalia, Sudan, Syria, Ukraine, Ontario, Yemen, Japan, or the United States.
What are the Fusion Markets account base currencies?
Fusion Markets offers AUD, CAD, EUR, GBP, JPY, SGD, THB, and USD as account base currencies.
The selection may vary depending on your area and the type of account selected.
What is the Fusion Markets minimum deposit?
Fusion Markets doesn’t require a minimum deposit to open both Zero and Classic accounts.
In order to fund the Fusion Markets account, you can use payment methods such as bank wires, credit/debit cards, and ewallets. Your funds will be ready on the Fusion Markets account in about 2-3 business days on average.
For more information on the Fusion Markets deposit, you can read our dedicated article.
The Fusion Markets deposit requirements and features are listed in this table below:
| Feature | Details |
|---|---|
| Minimum deposit | $0 |
| Deposit fees | No |
| Deposit methods | Wire Transfer, MasterCard, Visa, PayPal, Neteller, Skrill, AstroPay, Dragonpay, Jeton, eZeeWallet, Sticpay, Perfect Money, Fasapay, Binance Pay, Interac, Pay Retailers, X Pay, LuqaPay, Paycp, Zotapay, Pay iD, MiFINITY |
| Deposit Processing Time | Up to 3 business days |
What are the Fusion Markets deposit and withdrawal methods?
Fusion Markets enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), eWallets (Neteller and Skrill), and local bank transfers.
Keep in mind though, that some of these payment methods may be available only in specific countries or world regions. Additionally, the Fusion Markets withdrawal method must be the same used for depositing funds.
Also, depending on the method there is a minimum withdrawable amount of $30.
Fusion Markets do not charge any withdrawal fees, but if you need for an international bank wire, there might be a fee involved.
Are withdrawals secure and fast on Fusion Markets?
Fusion Markets withdrawals are generally secure and fast as they are processed within 2-3 business days on average.
The withdrawal speed, however, is influenced by many factors with the most important one being having your account identity verified. So, if you ask for a withdrawal, make sure your KYC information provided on Fusion Markets is up to date.
Withdrawals at Fusion Markets are secure, as your funds are kept in segregated trust accounts at HSCB and the NAB (National Australia Bank) separated from the brokers’ funds.
Are there bonuses or promotional offers on Fusion Markets?
Fusion Markets doesn’t offer bonuses nor promotional offers.
What are the Fusion Markets account types?
Fusion Markets provides a variety of account types to suit the needs of any trader. The Fusion Markets account types are presented in this table below:
| Account Type | Minimum Deposit | Base Currency | Spreads (from) | Trading Volume Commissions | Platform |
|---|---|---|---|---|---|
| Zero Account | $0 | AUD, EUR, GBP, JPY, SGD, and USD | 0 pips | $4.50/lot round turn | MT4, MT5, cTrader |
| Classic Account | $0 | AUD, EUR, GBP, JPY, SGD, and USD | 0.9 pips | $0 | MT4, MT5, cTrader |
| MAM/PAMM Account | $5000 | AUD, EUR, GBP, JPY, SGD, and USD | Variable | Variable | MT4, MT5, cTrader |
Fusion Markets Demo Account
The Fusion Markets demo account is a trading account type that provides virtual money in order to try the broker services without risk.
The demo account offered by Fusion Markets is free and the account itself is completely risk-free with no obligation to make a real money deposit.
The Fusion Market demo account is valid for 30-days though if you choose to make just a small real money deposit in your live account, you will have access to an unlimited demo account.
Creating a demo account at Fusion Markets is easy, even though the platform is not quite user friendly. You can customize your demo account by selecting the amount of leverage, the account type and many other information as we explained in our Fusion Markets demo account guide.
Fusion Markets Classic Account
The Fusion Markets Classic Account is the base account based solely on spread mark-up.
The spread with this account type starts from just 0.9 pips with no additional fees (10% cheaper than the market average). Additionally, you can have access to all assets and markets provided by Fusion Markets.
This account type is ideal for new traders starting out or for the more casual traders who just want to get started.
Fusion Markets Zero Account
The Fusion Markets Zero Account offers Raw Spreads and charges a fee based on the volume traded.
Here spreads start from 0 pips, but all forex trades charge an additional commission of $4.50/lot round turn. In other words, if the trader opens a 1 micro lot trade (1000 USD), he will have to pay $0,045 in commissions. Considering the market average of $7/lot traded, the Fusion Markets commissions are 35% cheaper than the average.
Other than this, it shares the same functionalities and offers as the Classic Account.
Fusion Markets MAM/PAMM account
The Fusion Markets MAM/PAMM account allows fund managers to offer managed trading services.
This account type on Fusion Markets is available only on the MetaFX trading platform, and in order to open it there’s also a minimum deposit requirement of at least $5,000 per each account.
Spreads and commissions on this account type vary, as they mimic the account type (Zero or Classic) chosen to offer this kind of service.
Can I test all Fusion Markets account types with a demo account?
No, you can test all Fusion Markets account types, but the Fusion Markets MAM/PAMM account.
The Fusion Markets MAM/PAMM account, however, offers very similar trading conditions to the other Fusion Markets accounts.
This means that, if you’re interested in a MAM/PAMM account, you can simply try other Fusion Markets account types and get a grasp of the broker’s characteristics.
What are the fees on Fusion Markets?
The fees and commissions charged by Fusion Markets are listed below:
- Spreads: Spread on Fusion Markets starts from 0 pips on the Zero Account (0,03 on average on the EUR/USD forex pair). The Classic account charge higher spreads up to 0.9 pips with the standard account.
- Volume-based commissions: $4,50 commission per each forex lot traded when using a Fusion Markets Zero Account.
- Overnight fees: All trades kept overnight on Fusion Markets charge overnight fees.
- Conversion fee: Every transaction that involves a currency different than the account base currency, will be charged a conversion fee.
How good are Fusion Markets trading spreads and commissions?
The average cost per trade at Fusion Markets is $6.75, determined as an overall average across all account types (32.50% lower than the industry standard for average trade costs). This calculation is based on a 1-lot volume trade involving the EUR/USD Forex pair.
When it comes to the individual account types at Fusion Markets, there’s the Classic account that charges spread mark-ups without additional commissions. Here spreads start from 0,9 pips, which make this account type 10% cheaper than the industry standard of 1 pip.
On the other hand, there’s also a raw spread account called “Zero Account” which offers spreads from 0.03 pips on average. Since there’s no mark-up, Fusion Markets charges a commission of $4.50/lot round turn. This commission is 35% lower than the industry average, considering that most trading accounts of this kind charge a commission of $7/lot.
The breakdown of the Fusion Markets trading costs, based on each account type available, can be found in this table below:
| Fusion Markets Account Types | Spreads | Commission | Total Commission per Trade | Industry Standard |
|---|---|---|---|---|
| Standard Account | From 0.9 pips | $0 | $9/lot | 10% cheaper |
| Zero Account | From 0 pips | $4.50/lot round turn | $4.50/lot | 35% cheaper |
The resume of the Fusion Markets trading spreads and commissions on different markets is in this table below:
| Asset Type | Spreads/Commission |
|---|---|
| Forex | Spreads from 0 pips |
| Commodities | Spreads from 0.3 pips |
| Indices | Spreads from 0 pips |
| CFD Stocks and ETFs | Spreads from 0 pips |
| CFD Cryptocurrencies | Spreads from 0 pips |
What type of broker is Fusion Markets?
Fusion Markets is a CFD broker that uses a NDD (no dealing desk) execution.
This is great for you as it means Fusion Markets is able to offer lower pricing with a faster trading execution overall.
How does Fusion Markets make money?
Fusion Markets generates revenue through spreads, trading commissions, overnight fees, currency conversion fees and VPS Hosting subscriptions. They also make money through deposit and withdrawal fees and B-book execution policies.
Fusion Markets’ primary source of income is trading commissions, whether charged with a spread mark-up (like in their Classic Account where spreads are from 0,9 pips) or through volume-based commissions (as in their Zero Account where there’s a round-turn commission of $4,50).
Being a CFD forex broker, Fusion Markets also generates revenue from traders holding positions overnight which are subject to a swap fee. Additionally, a conversion fee may be applied if the currency used for trading or for depositing/withdrawing funds differs from the account base currency.
Fusion Markets makes money on VPS hosting services as well, which are also accessible at no cost to traders who execute a minimum of 20 forex or metal lots within a 30-day period.
Although identified as an ECN broker, Fusion Markets may act as the counterparty in a trade, potentially earning revenue from losing trades by functioning as a B-Book broker.
Keep in mind that Fusion Markets is not publicly listed, so specific details regarding its revenue and additional means of income beyond publicly available information are not disclosed.
What assets can you trade on Fusion Markets?
On Fusion Markets you can trade over 500 CFDs (Contract For Difference) assets in different markets such as Forex, metals, energies, indices, stocks, commodities, bonds, ETFs and cryptos.
Some assets are unavailable for trading, depending on the Fusion Markets entity. Such is the case of cryptocurrencies for retail traders residing in the EU, UK and Australia.
The amount of CFD assets per market you can trade on Fusion Markets is listed below:
| Market | Number of Assets |
|---|---|
| Forex | 50+ |
| Commodities | 8 |
| Indices | 15 |
| Stocks | 110 |
| Crypto | 40 |
What is the maximum leverage available on Fusion Markets?
Fusion markets leverage is capped at 1:30 due to regulatory reasons.
However, if you’re a professional trader and open a Pro Account, you will get access to 1:500 leverage.
What is the minimum sizing available on Fusion Markets?
Fusion Markets minimum trading size is 0.01 lots.
This means that you can open positions with 1 micro lot, which in cash value equals to $1000 in cash value.
Can you earn dividends on Fusion Markets?
No, you can’t earn dividends on Fusion Markets. There are no real stocks on Fusion Markets as well as there is no feature to let you earn dividends on stocks CFDs with Fusion Markets.
What are Fusion Markets’ liquidity providers?
The Fusion Markets’ liquidity providers are listed below:
- CMC Markets Asia Pacific Pty Ltd
- Invast Financial Services Pty Ltd
- ISPrime Limited
- Finalto Group Limited
- B2C2 OTC Ltd
What platforms does Fusion Markets offer?
The trading platforms provided by Fusion Markets are listed below:
- MetaTrader 4 (MT4), available as webtrader, desktop and mobile
- MetaTrader 5 (MT5), available as webtrader, desktop and mobile
- cTrader, available as webtrader, desktop and mobile
- MetaFX platform for MAM/PAMM accounts
- Fusion+ trading platform for copy trading
- Duplitrade platform
- MyFxBook platform
All these platforms provide basic risk management orders including stop losses, take profit, limit orders, and trailing stops among the others. Each trading platform comes equipped with fundamental analysis tools and basic trading indicators, including Bollinger Bands for conducting technical analysis.
How good is Fusion Markets Customer Service?
The Fusion Markets customer service is efficient and usually answers within 1 business day in over 20 different languages such as English, Spanish, German, French, and more.
Fusion Markets also provided a detailed FAQ section that can help you address many of the most common questions you may have without even contacting support.
How can you contact Fusion Markets?
You can contact Fusion Markets via live chat, email, or phone. The customer support here is available in multiple languages, including english.
Does Fusion Markets have social media channels?
Yes, Fusion Markets has profiles on different social media. The Fusion Markets social media channels are listed below:
- YouTube
- Telegram
How many languages are available at Fusion Markets?
At Fusion Markets there are over 20 languages available for customer support, including English, Russian, Spanish, German. For Asian clients, there’s also Indonesian, Thai, and Chinese.
What are the Fusion Markets market analysis tools?
At Fusion Markets you can find quarterly market insights as well as daily market updates. They also offer a trading calculator, an economic calendar and an historical forex spread chart.
Does Fusion Markets provide educational tools?
Fusion Markets does not provide educational tools.
What do users think about Fusion Markets?
Warning
The ratings and third-party reviews presented below are provided for informational purposes only and may not accurately represent the broker's quality.
| Trustpilot | 4.6/5 (1250+ reviews) |
| Google Play Store | N/A |
| iOS App Store | N/A |