Wednesday, October 27, 2021
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Fusion Markets

Currency Pairs90+
Max Leverage30:1 (500:1 for Professional Traders)
RegulatorsASIC, VFSC
Trading PlatformsMT4, MT5, Fusion+ Copy Trading
Trade On Point Trust Rating46/50

Est: 2017, Melbourne, Australia.

Range of Services****
Mobile Trading****
Spreads and Commissions*****
Technical Tools and Analysis***
Overall****

Background

Fusion Markets was founded in 2017 trading under Gleneagle asset management Pty Ltd.  Fusion Markets launched trading for clients in 2019. They are a low fee ECN broker offering CFDs on Forex, Shares, and Crypto. They are regulated by tier one regulator (ASIC) – Australian Securities and Investment Commission. Headquartered in Melbourne, Australia, and they also maintain a subsidiary office in Port Vila, Vanuatu.  Fusion Markets was founded by Phil Horner, an experienced broker with a vision to provide a low cost broker without sacrificing technology and customer support.

Platform and Tools

Fusion Markets does offer trading on the MT4 and MT5 systems as well as copy trading through Duplitrade and Myfxbook. The Fusion Markets proprietary system Fusion+, is available for clients outside Australia. Fusion Markets provides advice on useful third party analysis and insight however provides limited education to clients. Multiple calculators, calendars, and tools are available with the trading calculator providing a useful pre-trade understanding of potential risk and reward. 

MetaTrader 4 and 5 – The widely used MT4 and MT5 platforms come equipped with advanced charting features, and a host of technical studies. MetaTrader also supports strategy back testing and automated trading capabilities thru its Expert Advisors (EA). MetaTrader is available in both Windows and Mac desktop versions and the MetaTrader Mobile App.

WebTrader for MT4 –  Fusion Markets’ web based platform that allows traders access to the trading terminal directly from their web browser. This platform has all the functions and capabilities of the downloadable version of MT4 including one click trading, advanced charting features, technical indicators, and much more.

Spreads and Commission

Fusion Markets offer two types of account, the classic account and the Zero account.  Spreads on Fusion Markets’ CFD products are one of the main features attracting clients to this broker. The classic account has no commissions and very competitive spreads, while the Zero account has a low commission of $4.50AUD per lot for a round trip and spreads as low as 0 pips.  Fusion Markets do offer a professional account, however the main difference between a retail and a professional account is the allowable leverage.  Retail accounts max out at 30:1 leverage for major Forex pair, while professional accounts offer leverage up to 500:1 for highly funded accounts.

Trading Markets

Fusion Markets offer trading on 90+ currency pairs including combinations of the USD, EUR, AUD, JPY, GBP, and SGD.  Access to Exotic currencies is available in select pairs (primarily paired with USD, EUR, or GBP). Indicies, Energy, Metals, and Crypto markets are also available on Fusion Markets. Share CFDs are available for MT5 users on select US shares.

Standard customers can take advantage of varying leverage of up to 30:1 for major Forex pairs and as low as 2:1 for Crypto currencies. Traders who have been accepted by Fusion Markets as professionals can leverage up to 500:1.  Leverage should always be treated with caution.  Leverage not only increases your ability to generate fast income, it can also result in quick losses.

Mobile Trading

Fusion Markets MT4 mobile app is available on both Apple and Android devices in 22 languages.  The Fusion Markets mobile trading platform is well designed with a user friendly interface that will appeal to on-the-go traders.  The Fusion Markets online app does not provide two factor authentication at this time.

Support Services / Languages

Fusion Markets support multiple payment options including PayPal, Skrill, Credit Card, Debit Card, Neteller, Poli, Jeton Wallet, Perfect Money, and Bank Transfer.  Swap-Free no-interest trading accounts are not offered at this time, however the broker refers to the possibility of this in future. Fusion Markets offers 6 base currencies to its clients; AUD, USD, EUR, GBP, JPY, and SGD.

Fusion Markets offers multiple options for news and trade ideas, including the ability to customise your own news feed. Primarily these services are supplied by third party providers and, at this time, educatio0n services are not provided.

Customer support is another area where Fusion Markets shines. Clients can access telephone, e-mail, live chat, and online form services which are monitored 24/5 by a friendly and helpful team of professionals. Fusion Markets is also one of the few brokers who offer their clients the option of attending their office in person, in fact they welcome the opportunity to meet their clients face-to-face.

Level of Trust

46/50

Regulated 10/10 – Fusion Markets is primarily an Australian company and is regulated in Australia by ASIC. In Vanuatu, Fusion Markets is regulated by the VFSC.

Secure 9/10 – Fusion Markets’ clients’ funds are kept in a segregated trust account as required by Australian Company Law.  No clients funds are held with company funds nor can they be used for hedging or company expenses.

Access to funds 9/10 – Withdrawals are transferred by bank wire transfer, credit/debit card and electronic wallet.  Withdrawals can take 1-5 days to reach your account.  Funds withdrawals from Fusion Markets by international bank transfer is high at $20, however all other forms of transfer including credit/debit cards, Australian bank tranfer and electronic wallets do not incur any withdrawal fees. If the client’s base currency is not the same as their financial institution, the clients own financial institutions may also charge an exchange fee.

Recognition 9/10 – Fusion Markets has won a number of local awards in Australia however, are yet to hit the international market with the same authority. The user reviews on Trustpilot (4.8) and Forex Peace Army (4.5) are generally very positive.

Support 9/10 – Fusion Markets offer telephone, e-mail, live chat, and online form support to their clients. 

Fusion Markets Risk Warning

All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable to everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance. Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (And any relevant product) having regard to your circumstances and we recommend that you seek independent financial advice if necessary.

Please read our Financial Services Guide (FSG) and Product Disclosure Statement (PDS) which are important documents, and which are available for downloading from this website. The information on this website is not intended to be an inducement, offer or solicitation to anyone outside of Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Fusion Markets is not able to take clients from Iran, Japan, New Zealand, North Korea or the United States or its territories. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Conclusion

Fusion Markets aims to provide a low cost, competitive, client friendly broker and in this it succeeds whole-heartedly. While there is no real education services provided, Fusion Markets makes no claims to be such a broker. They do however, provide easy to access embedded content from a number of third party news and tools suppliers which are simple and effective and do not require the client to leave their account page to use them. With the limited education services available Fusion Markets may not be perfect for new brokers, however if service and low fees are what you are after, this is the broker for you. Education is fairly simple to find online anyway if you know what to look for and low fees with friendly service is priceless.

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