Fusion Markets Review

Fusion Markets Overview

Fusion Markets is a regulated Australian based online broker offering 120+ financial products in multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs. They use the latest cutting-edge technologies to provide fast, easy and efficient access to the global financial markets.

Fusion Markets was founded by a team with 50 years combined experience and the primary goal to offer everyday low-cost trading to clients with all account sizes. They have some of the lowest commission rates ($4.50) which makes them cheaper than many of their immediate competitors. They also have low spreads and rapid trade execution speeds at the best available bid/ask prices.

Founder CEO of Fusion Markets, Phil Horner, states that “I started Fusion because I believe our clients deserve to trade the markets for a radically lower cost than what exists today. Having spent a decade at different Australian brokers, my vision is to change people’s expectations of their forex and CFD providers. Low-cost, world class technology and friendly support. That’s our vision.”

Fusion Markets Regulation

Before choosing to open a trading account with any online broker it is important to familiarise yourself with how it is regulated and review all of the legal information provided.

Fusion Markets is a trading name of Gleneagle Asset Management Pty Limited (GAML) which holds an Australian Financial Services Licence (AFSL). Gleneagle Asset Management is regulated by the Australian Securities and Investment Commission (ASIC) with registration number 226199. In Vanuatu, Gleneagle Securities Pty Limited is trading as Fusion Markets EN. It is a registered Vanuatu company (Company Number 40256) and is regulated by the Vanuatu Financial Services Commission (VFSC).

ASIC is an independent Australian government body which enforces and regulates company and financial services law in order to protect Australian consumers, investors and creditors.

In order to be granted an AFSL, Fusion Markets need to provide evidence that they are competent to carry out their business operations, maintain sufficient financial resources and comply with nationally set standards for training, insurance and dispute resolution.

Trading with a broker that has strict regulation can give clients peace of mind that they are using a broker who must abide by stringent rules within the financial services sector, implemented by an aggressive and powerful government organisation, such as ASIC.

Fusion Markets comply with ASIC client money rules and keep all client funds in segregated client trust accounts with Westpac who are Australia’s first bank and oldest company. They are one of four major banking organisations in Australia and provide a broad range of consumer, business and institutional banking and wealth management services through a portfolio of financial services brands and businesses.

Fusion Markets Countries

Fusion Markets do not accept clients from Burma, Côte d’Ivoire, Democratic People’s Republic of North Korea, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Ghana, Iran, Iraq, Lebanon, Liberia, Libya, Japan, New Zealand, United States of America, Somalia, Sudan, Syria, and Zimbabwe.

Some Fusion Markets broker features and products mentioned within this Fusion Markets review may not be available to traders from specific countries due to legal restrictions.

Fusion Markets Platforms

Fusion Markets offer industry leading trading platforms in MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MetaTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). They also provide a MAM/PAMM platform for money managers.

MetaTrader 4

MetaTrader 4 is a popular platform amongst millions of traders across the globe. It is well known for its convenient and user intuitive interface that allows for efficient trading. This makes it the platform of choice for many beginner and advanced traders alike.

The Fusion MT4 platform has execution speeds as low as 0.02 miliseconds and the ability to connect to the proprietary Fusion Hub for managing your account.

Flexible Charts Tools

MT4 can be fully customised according to individual trader needs. There are 9 timeframes to choose from and multiple chart types. The 50+ technical indicators and graphical objects can be used for analysing charts to spot potential opportunities.

Automated Trading

MT4 supports automated trading via expert advisors (EAs). The built in MetaEditor can be used to programme custom EAs in the MQL language. EAs can also be purchased from the MQL marketplace which is accessible from directly within the platform.

Flexible Trading Options

MT4 supports multiple order types as well as one-click trading for faster access.

Full Range of Trading Products

MT4 offers the ability to trade with all of Fusion Markets trading instruments including Forex, CFDs and Cryptocurrencies.

MT4 WebTrader

MT4 WebTrader allows you to trade from directly within most modern web browsers without needing to install any additional software. It can be accessed from any where in the world with an internet connection and contains most of the same functionality as the desktop platform.

MT4 Mobile

The MT4 mobile application is freely available on Android and iOS devices from the relevant app stores. You can manage your account and trade whilst on the go. The MT4 app includes many of the same features and functionality as the desktop platform.

MetaTrader 5

MetaTrader 5 (MT5) is the follow-up platform provided by MetaQuotes and powered by Fusion Markets. The MT5 platform was designed from the ground up to be multi-asset and able to connect to multiple exchanges and new markets.

By choosing Fusion’s MT5, you’ll get access to the same exceptionally low trading costs and trading conditions as the MT4 platform but with far more features and functionalities, including:

• The ability to trade Forex, Stocks, Futures and more as CFDs
• Faster processing speeds
• 21 Timeframes
• Advanced Pending Orders
• 80+ Technical Analysis objects
• Market Depth Pricing
• Full EA functionality with MQL5
• Implemented Virtual Private Server (VPS)
• Multi-currency Strategy Tester
• Available for desktop mobile (iOS/Android)

Multi Account Manager (MAM/PAMM)

The Fusion Markets MAM system offers money managers a high performance multi account manager solution through the MetaFX platform. The platform is known for its stability, flexibility and execution speeds. As they try to keep execution and trading costs low, there is a 0.1 pip execution cost added across all products on the MAM platform.

MetaFX Key Features

• Trade across an unlimited number of trading accounts
• Flexibility with order types – choose allocation by lot, percentage or equity
• Trade with any size – Full (standard lots), Mini (0.1), Micro (0.01)
• Partial close of orders via Master Account
• Full use of Expert Advisors including on client side
• All trading styles and products allowed

Myfxbook AutoTrade

Myfxbook AutoTrade is a social trading platform, allowing you to follow and copy traders via Myfxbook, one of the world’s largest online communities of forex trading. Rather than showing every system under the sun, Myfxbook only shows the best run systems, hand-picked by their team. They only include live accounts and you control whether to add or remove a system on your account. It is important to know that historical performance is by no means any guarantee of future results.

DupliTrade

DupliTrade offers traders a user-friendly copy trading platform allowing you to duplicate the actions of hand-picked traders from DupliTrade into your Fusion Markets MT4 Account. With just a few clicks, you can select, modify or remove strategies. Choose from only a handful of strategies as DupliTrade only includes successful traders with a proven history and track record. However, this is no guarantee of future performance.

Fusion Markets Trading Tools

Fusion Markets are committed to providing clients with the best tools to help give you the greatest possible edge in the markets. They have a range of tools that can help you with your daily trading activities, in addition to the vast range already built-in the provided trading platforms.

Analyst Views

With analyst views, you can get a quick, actionable view on the market covering all of Fusion Markets’ suite of products including Forex, Commodities, and Indices.

• Trade setups are provided and updated in real-time
• Key support Levels
• Key resistance levels
• Alternative scenarios
• Comments and reasons for the trade
• Available as a Custom Indicator on MT4

Technical Insight

Through a balanced feature set of detailed, proactive analytics, educational guidance and customisable options, Technical Insight empowers traders of all skill levels to view opportunities in the market.

• Learn more about technical analysis indicators
• Work with interactive charts
• Create alerts on your favourite products
• View Short, medium, and long-term technical analysis
• View the most popular trades in the community

Market Buzz

Market Buzz harnesses the power of cutting-edge Artificial Intelligence, sifting through thousands of articles and sources to take the wisdom of the crowd and neatly summarises it for you.

• Watchlists: Create your own watchlists to show what matters to you.
• Automated event detection: Detect hundreds of news types including price movement and important announcements.
• Hot topics: Easily follow what is happening to each product with a ranking of the top discussion topic for every financial instrument.
• Who’s talking: View the ratio of social media commentary vs. professional financial media.
• Buzz meter: See how much “buzz” an instrument is attracting right now.
• Stay high level: With Market Buzz, you will be able to cut through the noise and just act on what you need to know about.

Virtual Private Server (VPS)

A VPS allows you to run a trading platform remotely on a virtual machine 24/7. This is useful as you do not need to have your computer switched on to run expert advisors (EAs) and it can decrease latency between the platform and trade server. It may also help to ensure your trading is not interrupted by connectivity issues.

Fusion Markets clients can sign up to a discounted MT4 VPS hosting service from recommended third party providers, including FXVM NYC Servers. They will credit standard VPS fees at the end of the month for clients who trade more than 20 lots in that month.

Trading Calculators

Fusion Markets have a variety of trading calculators which can allow you to quickly and easily perform various calculations in preparation for your trading activity.

All in One Calculator

The all-in-one calculator enables you to calculate the required margin, pip value and swaps based on the instrument, as well as the leverage and the size of the position.

Currency Calculator

The currency converter enables you to convert to and from various currencies by using live currency rates.

Pip Value Calculator

The pip calculator will help you determine the value per pip in your base currency so that you can monitor your risk per trade with more accuracy.

Margin Calculator

The margin calculator helps you to calculate the margin needed to open and hold positions.

Swap Calculator

The swap calculator lets you calculate the interest rate differential between the two currencies of the currency pair on your open positions.

Profit Loss Calculator

The profit and loss calculator will help you find out how much you stand to lose or gain if your stop-loss and/or take-profit levels have been reached.

Economic Calendar

There is an economic calendar on the Fusion Markets website where you can check for the latest market news releases. The news can be filtered according to the date, time, importance and country. The calendar displays the actual, forecast and previous result of each news release. It can be a useful tool when implemented as part of a trading strategies fundamental analysis.

Fusion Markets Education

Fusion Markets have some useful educational resources on their website whilst there are many ways to learn about the markets with the provided trading platforms and tools. There is also an FAQ section that covers some of traders most commonly asked questions.

Fusion Markets Instruments

Fusion Markets have a choice of 120+ tradeable instruments in a range of markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs

Forex Trading

They offer 90+ major, minor and exotic currency pairs to trade with leverage of up to 1:500, tight spreads and no dealing desk execution. Forex can be traded 24 hours a day, 5 days a week.

Energies Trading

Clients can trade Crude Oil, Brent Oil and Natural Gas with competitive margins, no commissions on trades and the ability to go long or short.

Precious Metals

Fusion Markets offer products such as Gold, Silver, Zinc, Copper, Platinum and more. Again, with leverage of up to 1:500, no dealing desk execution and the ability to go long and short with competitive costs.

Equity Indices

Traders can access some of the world’s biggest equity markets with Fusion Markets range of CFDs on major indices. Clients get competitive spreads, flexible leverage and the ability to go long and short.

Cryptocurrencies

Fusion Markets offer commission free trading on 5 cryptocurrency pairs including Bitcoin, Dash, Ripple, Ethereum and more.

Fusion Markets Accounts Fees

Fusion Markets offer two different account types, the classic and true ECN. Both accounts have the same access to their products with the difference between them being the way you pay to trade. There is no minimum deposit required and they offer leverage of up to 1:500. Demo accounts are available to test the different trading platforms and conditions before opening a real account.

Classic Account

The classic account is geared toward those just starting out and keeps things simple by not charging a commission as it is included within the spread. This means that spreads will be marked up, starting from 0.8 pips.

Zero Account

The Zeroaccount is the most popular with spreads starting from just 0 pips and a very competitive commission charge of $4.50. This account will tend to have lower spreads and thus may be deemed more suitable for those whose strategy relies on tight spreads, such as scalpers.

As broker fees can vary and change, there may be additional fees that are not listed in this Fusion Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Fusion Markets broker account for online trading.

Fusion Markets Support

All Fusion Markets live account holders have their own trading specialists on hand to help them navigate the trading platform and markets. Customer support is provided via online chat, telephone and email. The same friendly support is provided regardless of a client’s experience level.

Fusion Markets Deposit Withdrawal

Fusion Markets have a good choice of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and e-Wallets such as Skrill, Neteller, Fasapay, Jeton Wallet and Perfect Money. There are no fees on deposits made via credit and debit cards. Some fees may be charged when using certain payment methods.

Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Fusion Markets strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your trading account.

Accounts can be opened in USD, EUR, AUD, JPY, GBP, SGD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Fusion Markets Account Opening

Fusion Markets pride themselves on having a seamless account opening process. It is a smooth online process that involves completing a short form and uploading your documents for prrof of identification and address. This can be a scan of a valid passport or driver’s license along with a utility bill (Phone, Electricity, Gas) no more than 3 months old. Once your documents have been verified by the accounts department, you will be able to fund your account using one of the deposit options and commence trading.

Fusion Markets FAQ

What is Fusion Markets minimum deposit?

There is no minimum deposit required by Fusion Markets. They believe that you should start with what you feel most comfortable. However, on average, most clients fund with $1500 and above. You should of course only ever trade with what you can afford.

How do I deposit money into Fusion Markets?

To deposit your funds, log in to the fusion hub and go to the “Payment” tab located on the left-hand side, then choose the method you would like to use and deposit amount. They offer most major currencies such as AUD, EUR, GBP, JPY, SGD, and USD for you to deposit with and trade with.

Fusion Markets strive to provide clients with the best service they can by offering different kinds of payment methods. The broker offers the ability to fund via Visa, MasterCard (credit debit), Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money or bank wire. If you are from Singapore, United Kingdom, the EEA, the Philippines, Thailand, Malaysia, Indonesia, and Vietnam, you can also use the local bank transfer method.

If you fund your account using Visa/Mastercard or using an e-Wallet, your deposit should be credited to your account instantly. If using a bank wire internationally to Australia, the average is 2-3 business days. However, depending on which country you’re depositing from, the process can typically take up to 5 business days.

What are Fusion Markets deposit fees?

Fusion Markets do not charge fees on funding your account if you fund with Visa or Mastercard. If funding with a bank wire, transfers from Australia to their Australian account also incur no fees.

If you are transferring from an international bank account to their Australian trust account, the fees will likely be USD $20-$30. Please note that at certain banks, they may use what is called an “intermediary bank” which charge their own fees for forwarding the funds to the broker. Fusion Markets is not responsible for these fees should they be charged.

How do I withdraw money from Fusion Markets?

To withdraw your funds, log in to the fusion hub and go to the “Payment” tab located on the left-hand side, then choose the method you would like to use and withdrawal amount.

Withdrawal is available via Bank Wire, Credit or Debit Card, Skrill and Neteller. Keep in mind that if you use a Debit or Credit Card, the original deposit you made upon withdrawing must be “refunded” back to the card.

There are no restrictions on withdrawals. You can withdraw anytime you wish. Depending on the method that you used to fund your account, funds will be returned or ‘matched’ to this method first.

For example, if you funded $2000 via Visa, just like any purchase, they will need to refund the $2000 back to your card. If you funded with bank wire, they would need to send funds back to your bank account. Or if ever you funded via card and wanted to withdraw to your bank, they will return the deposited amount first to your card and whatever excess remains will be transferred to your bank.

All withdrawals received by 11 am AEDT are processed on the same day. If they receive your request after 11 am AEDT, they will process it the next business day. You should receive your funds within 1-5 business days for credit and debit cards depending on the card provider and 2-5 business days for bank wire transfers.

Third party withdrawals are not accepted. They can only accept deposits or withdraw funds from an account that matches the account holder’s name.

What are Fusion Markets withdrawal fees?

Fusion Markets do not charge for bank fees, but your bank may use an intermediary bank where fees are between $20-$30. That’s why they have a minimum withdrawal amount of $30 via bank wire (it’s free for Australian residents). Credit and Debit Cards are free via the matched refund process. Skrill and Neteller withdrawals are also free.

What is Fusion Markets commission fee?

Fusion Markets have very low commission fees, starting from $2.25 per 1 standard lot or equivalent ($4.50 per round turn). For a mini-lot, the commission will be 0.45c and so on.

Are there any Fusion Markets inactivity fees?

Fusion Markets do not charge an inactivity fee which is great. Unlike some brokers, this means that they will not deduct funds from your trading account should you not use it for a sustained period of time.

What are Fusion Markets account types?

Fusion Markets offer a Zero and Classic account. The main differences between the Zero and Classic account is the spreads and commission.

The Zero account has spreads starting from 0 pips with a small commission fee of $4.50 per standard lot, per round turn. On the other hand, the Classic account has spreads starting from 0.8 pips but does not charge a commission as the cost is already included within the spread.

The type of trading account that you choose can depend on you trading strategy. Those who are using scalping strategies may need the tighter spreads on the Zero account. However, those who are holding positions for days, weeks or months, may not be so concerned with the spread.

Is there a Fusion Markets demo account?

Yes, there is a Fusion Markets demo account which comes preloaded with virtual funds so that you can practice trading online risk free. This is a great way to get used to the brokers trading platform whilst improving your trading skills and building your confidence until you feel ready to open a real trading account. However, keep in mind that demo trading does not take into account emotions such as fear, anger and greed, all of which can have an impact when trading with real money.

Any new demo accounts will expire after 30 days from the date of creation. If you want to set your demo account to unlimited, the broker can do that for you once the account is funded. You may fund as low as $10. You may modify the balance of your demo account on your Fusion Hub.

What are Fusion Markets spreads?

The spreads at Fusion Markets start from 0.8 pips on the Standard account and 0.0 pips on the Zero account. Spreads vary depending on the current market price of each currency pair, market volatility, trade size and liquidity providers.

A forex spread is the difference between the bid price and the ask price of a currency pair, and is usually measured in pips. This is a fee you will typically pay a broker for each trade you make.

What is Fusion Markets leverage?

The maximum leverage available to you as a client depends on various factors, including where you live, which entity you are trading with and in the case of Australia, whether you are classified as a “Retail” or “Professional” client.

For Fusion Pro Accounts and Fusion VFSC clients, the maximum leverage available are as follows: Forex Metals: 1:500, Index CFDs: 1:100 and Cryptocurrencies: 1:2.

Leverage allows you to trade a larger position size than you would have been able to without it. For example, if you have $5,000 in your trading account and you wish to use $2,500 of it to open a position on the EUR/USD currency pair with 1:100 leverage. This means that you would be able to hold a position worth $250,000 as $2,500 x 100 = $250,000.

Whilst leverage can increase the profit potential of a trade, it can also increase the risk. It is therefore imperative to make sure that you have a clear understanding of leveraged trading and the risks involved.

What is Fusion Markets margin stop-out levels?

A margin call refers to when a trader no longer has any usable/free margin. In other words, the account needs more funding or for positions to be reduced or closed. If your margin level reaches 90%, you will officially be in a margin call, and at 20% of free margin, the MT4 platform will attempt to automatically stop out your position/s to try to avoid any negative balances.

For margin calls, Fusion Markets we will attempt to send you an email requesting more funds for your position if your margin level reaches 90%. Please be aware that all responsibility for margin calls and managing the funds in your account are borne by the trader. While the broker will attempt to contact you to deposit more funds, they can’t guarantee it. If you don’t add any more funds, the platform will automatically cut your positions at 20% of free margin for VFSC Clients. For ASIC Clients, the Margin stop out level for retail accounts has moved to 50% from 20%.

Does Fusion Markets allow hedging, scalping expert advisors?

Yes, Fusion Markets allow scalping and automated trading with expert advisors (EAs). You can enter trades and exit them as quickly as you would like with no restrictions on-hold time or where you set your stop loss or take profit.

Fusion markets also allow hedging. In the context of MT4 trading, “hedging” refers to where you can buy and sell the same product at the same time. e.g. short USDJPY long USDJPY at the same time.

Is there a Fusion Markets Islamic account?

Unfortunately, Fusion Markets do not currently offer Islamic accounts or “Swap-Free” accounts.

What are Fusion Markets trading instruments?

Fusion Markets offer over 120 different financial products including currencies, CFDs on indices, futures, commodities, stocks, cryptocurrencies and more.

How do I open a Fusion Markets live account?

It is quick and easy to open a Fusion Markets live account. You just need to click the “create an account” button on the brokers website and complete the short application form. You can then check your email for a verification link and login to your newly created account to download the trading platforms, make a deposit and start trading online.

How do I verify my Fusion Markets account?

In order to get your account approved by the accounts team, you will need to upload one government photo ID (e.g. passport, drivers’ licence) and a recent proof of address (utility bill or bank statement) that matches your application.

What is Fusion Markets trading platform?

Fusion Markets offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms that are used by millions of Forex CFD traders all over the globe. The platforms are feature-packed and deliver easy access to the global financial markets. The MetaTrader platforms are available as desktop applications for Windows and Mac computers, WebTrader, and mobile apps for mobile devices running on Android and iOS.

Where can I download Fusion Markets platform?

You can download the trading platforms free of charge from the brokers website or the relevant app stores on your smart devices. The WebTrader platform can be launched directly from the brokers website into your web browser without needing to download or install any additional software.

Where is Fusion Markets located?

Fusion Markets head office is in Melbourne, Australia.

Is Fusion Markets regulated?

Yes, Fusion Markets is regulated in both Australia and Vanuatu. In Australia, they are a Trading Name of Gleneagle Asset Management (GAML), which is regulated by the Australian Securities and Investments Commission (ASIC) #226199. In Vanuatu, Gleneagle Securities Pty Limited is trading as Fusion Markets EN. It is a registered Vanuatu company (Company Number 40256) and is regulated by the Vanuatu Financial Services Commission (VFSC).

What countries does Fusion Markets accept?

Fusion Markets is open to most clients. However, currently, they do not take clients from Japan, New Zealand, North Korea or the United States.

Is Fusion Markets a scam?

No, Fusion Markets is not a scam. Founded in 2017, they are a regulated broker that provides traders around the globe with very competitive trading conditions in a secure environment.

How can I contact Fusion Markets support?

Fusion Markets support team can be reached via online chat, telephone, email and a contact form. We found them to be very prompt, polite and efficient with their responses to various general, account and trading questions that we asked them.

Fusion Markets Summary

Fusion Markets is a regulated broker with a range of trading instruments across different asset classes. The broker provides clients with the powerful and intuitive MetaTrader platforms for multiple devices. They have very low fees, tight spreads and rapid trade execution speeds. In addition to top trading conditions, clients get access to useful trading tools, various account funding options and excellent customer support.