Melbourne-based Fusion Markets was founded in 2017 by FX veterans. Its goal is to provide a high-quality Forex trading platform at low costs and its fast, friendly support has helped Fusion Markets earn a low-cost niche, ASIC and VFSC regulate Fusion Markets. Gleneagle Asset Management owns Fusion Markets, Gleneagle provides corporate consulting and asset management. Gleneagle’s connections to liquidity providers help Fusion Markets traders trade with low commissions.
Is it as high-quality and affordable as advertised? My Fusion Markets review will confirm this, here’s everything you need to know.
Fusion Markets Overview
Its founders have over 50 years of experience and want to make trading easier and cheaper. The online brokerage offers a large selection of financial instruments, ongoing service, and top-notch infrastructure. The philosophy of the company may be broken down into three parts:
- To achieve a reduction in the cost of trading foreign exchange, contracts for difference, and other financial instruments.
- To provide cordial assistance to any and all investors, regardless of their level of experience
- To provide cutting-edge technology that enables a trading experience that is smooth and hassle-free.
Fusion Markets Trading Platforms
MT4 – MetaTrader 4 given its popularity needs little introduction. It includes excellent charting, efficient tools, different timeframes, and full customization. Its automatic trading bots, or Expert Advisors, are renowned and are one reason many identify MT4 as their first choice platform. For clients who prefer not to download software, MT4 WebTrader is accessible through your online browser.
MetaTrader 4 is available in a variety of languages, including Arabic, Bulgarian, Croatian, Chinese, Czech, Dutch, Danish, Estonian, English, Finnish, French, Greek, German, Hindi, Hungarian, Hebrew, Italian, Indonesian, Japanese, Korean, Lithuanian, Latvian, Malay, Mongolian, Polish, Portuguese, Persian, Romanian, Russian, Slovak, Serbian Slovenian, Swedish, Spanish, Thai, Traditional Chinese, Tajik, Turkish, Uz
MT5 – MetaTrader 5 is an updated version of MT4 and offers access to more assets than forex. Other benefits include quicker processing speeds, 21 timeframes, advanced pending orders, 80+ technical analysis items, market depth, full EA capabilities with MQL5, and built-in VPS (Virtual Private Servers).
Copy Trading – Fusion+ offers social/copy trading which is a wonderful option for novices or those with limited time for market speculation instead copy the trades of other experienced traders. Fusion+is free if you and your follower account trade 2.5 lots of FX/Metals every month. Followers who make fewer trades will be charged $10 each month.
DupliTrade – This is an intuitive copy-trading program that enables novices to replicate the positions of more seasoned investors. DupliTrade connects to an MT4 account to function. Advantages include automated trading based on signals offered by specialists, the exhibition of only successful investors with established track records, tight selection criteria for chosen techniques, and support available 24 hours a day, seven days a week.
Mobile App – Fusion Markets offers MetaTrader4 as an easy-to-use, well-designed mobile trading platform for iOS and Android.
Web-based Trading Platform – Fusion Markets’ (MetaTrader4) web trading platform is also available for those who do not wish to download the software.
Fusion Markets Pros and Cons
- Fusion Markets’ mobile platform is fantastic – As an experienced trader, you’ll want a mobile platform with many great features.
- Low commission – Fusion Markets provide minimal trading commissions.
- No inactivity charges – Fusion Markets eliminates account inactivity fees.
- Easy account opening – Opening a Fusion Markets account is a seamless process.
- Educational materials could be improved.
- Only Offers CFDs on Stocks
The Deposit and Withdrawal Process
Fusion Markets offers a variety of payment methods, including country-specific alternatives in Thailand and Malaysia. Visa, Mastercard, and bank transfers are universal plus Fusion Markets has added PayPal, Skrill, Neteller, FasaPay, Jeton Wallet, Perfect Money, Online Naira, Doku, and cryptos to their payment options. Withdrawals work like deposits. Any deposit you make will be maintained in a segregated account with a top-tier bank, so your funds are always safe.
Deposits are free, these have been waived for credit and debit cards to reduce costs Transfers from Australia to our Australian account incur no fees when funded via bank wire. Transferring funds from an international bank account to Fusion Markets Australian trust account will likely incur costs of $20 to $30 USD by your bank. A bank transfer may take several days, whereas a credit or debit card payment is pretty much instant. The minimum deposit required at Fusion Markets is $0.
Demo Account with Fusion Markets
Fusion Markets does provide a risk-free sample account for novices to practice forex trading before taking the plunge, they want to have a sense of what the firm has to offer and make an informed decision. The demo account of Fusion Markets imitates the conditions of a live trading account and provides traders with access to the same functions, features, and options they would have on a live trading account, with the exception that the trial account is risk-free because traders use virtual funds. Consequently, traders are unable to withdraw any profits gained from the demo account. After 30 days, the Fusion Markets Demo account will expire unless you fund your account.
Fusion Markets Account Types
Fusion Markets offers two distinct account types, including Zero accounts and Classic accounts, but also Islamic accounts, Swap-Free accounts, and risk-free demo accounts.
Classic Account – The Classic Account is ideal for those who are just getting started. After gaining confidence in your trading abilities with a demo account, you can open a genuine account and begin trading with real money. The spreads for the Fusion Markets Classic account begin at 0.8 pips, and there are no commissions. With the Classic account, there is no minimum investment required to begin trading any currency pair of your choosing. The entire cost of trading with this account is approximately 0.9 pips.
Zero Account – When you begin to climb the success ladder in forex trading, you can upgrade to the Zero account on Fusion Markets. This account category is reserved primarily for active, experienced traders. The spreads on the Zero account begin at 0 pips, and commissions of AUD 4.50 are included in the spreads. Similar to the Classic account, the Zero account requires no minimum deposit. The overall cost of trading with this account is approximately 0.5 pips, similar to many forex brokers with no spread.
Fusion Markets Leverage
The trader at Fusion Markets is given the opportunity to select their own leverage, with a maximum of 1:500 available to them, as part of the company’s dedication to delivering a service that is adaptable. However, retail clients who fall under the regulation of the Australian Securities and Investments Commission (ASIC) have their leverage capped at 1:30 for major forex pairs, 1:20 for minor forex pairs, 1:20 for indices, 1:20 for commodities and metals, 1:10 for shares, 1:5 for CFDs, and 1:2 for cryptocurrencies. For institutional clients, the leverage cap is 1:10 for shares, indices, commodities, and metals.
Fusion Markets Trading Fees
This will depend on the account type you choose to open in relation to the spread and charges paid by Fusion Markets. The lowest spread available to you is the Zero Account spread, which begins at 0 pips. This account type also carries a charge of $4.50 AUD/USD for each round-turn trade. Spreads on the Classic Account begin at 0.8 pips, and trading is fully commission-free. Holding CFD positions overnight incurs overnight costs with every broker. You’ll pay these, but if the trade goes your way, there is no fee charged.
What can you Trade on Fusion Markets?
Forex – The broker offers many FX markets such as 90+ currency pairs, which include major, minor, and exotic pairs. Spreads start at 0 pips depending on the account type, and the market is open 24/5.
Commodities – Commodities include Gold, Silver, Zinc, Copper, Platinum, and others. Energy commodities include Crude Oil, Brent Oil, and Natural Gas and accept long and short trades, however negative balance protection is not offered.
Indices – Trading indices, and CFDs are available on the majority of the world’s largest exchanges. You can trade the indexes in either direction, with spreads that stay competitive.
Stock CFDs – Numerous well-known U.S, AU, U.K, and International market companies are available for CFD trading on stocks.
Cryptocurrency – Fusion Markets offers Crypto trading on BCHUSD, BTCUSD, ETHUSD, LTCUSD, DOGEUSD, and XRPUSD for Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and Ripple.
Fusion Markets FAQs
Is Fusion Markets secure and trustworthy?
Yes, Fusion Markets is governed by both the ASIC and the VFSC.
How many instruments am I able to trade with Fusion Markets?
Fusion Markets provides over 120 unique financial products, such as forex, energy, precious metals, indexes, commodities, and cryptocurrencies.
Is Fusion Markets a recommended forex broker for both professionals and novices?
The trading environment at Fusion Markets is suitable for both novice and experienced traders.
Does Fusion Markets allow Scalping?
Yes, Scalping is authorized at Fusion Markets, along with several other trading strategies. Scalping at Fusion Markets is advantageous because of the rapid execution rates and often minimal prices. For many scalpers, the $4.50 charge per round-turn trade on the Zero account is a perfect and popular option.
Fusion Markets Conclusion
Low spreads, fast execution, and no minimum deposits make Fusion Markets a popular broker. Scalping, hedging, and algo-trading are allowed and they offer numerous base currencies and have no inactivity fees. The Broker offers copy and social trading through DupliTrade and MyFxBook. Fusion Markets’ base currencies are USD, EUR, GBP, JPY, SGD, and AUD to save conversion expenses, and deposit and withdrawal options are plentiful.