Fusion Markets Review

Fusion Markets is a CFD No Dealing Desk broker that has gained popularity among traders due to its low spreads, fast execution, and absence of minimum deposits. It is worth noting that the broker does not offer negative balance protection, but it allows for hedging, scalping, and algo-trading.

One of the advantages of Fusion Markets is that it does not charge inactivity fees and provides various base currencies to trade with. Despite the limited asset selection, the broker offers multiple deposit and withdrawal methods, and you can use third-party VPS services for trading. Additionally, you can engage in copy and social trading via platforms such as DupliTrade and MyFxBook.

The base currencies available for trading on Fusion Markets include USD, EUR, GBP, JPY, SGD, and AUD, which can help you avoid conversion fees. However, it is essential to note that your account will expire if you don't use it for 90 days.

Pros and Cons

There are several advantages to trading with Fusion Markets. Firstly, the broker offers numerous deposit and withdrawal methods, including localized options and bank transfers, making it easier for traders to manage their funds. Secondly, the fees charged by Fusion Markets are relatively low, and there are no inactivity fees. The broker also offers fast execution speeds and low raw spreads starting from 0 pips. Lastly, the broker supports auto trading through Myfxbook and copy and social trading through DupliTrade.

On the downside, Fusion Markets does not provide negative balance protection, which can be a risk for inexperienced traders. Additionally, the number of assets available for trading is limited compared to other top brokers. Lastly, the fact that your account becomes inactive after 90 days of inactivity may not suit some traders, particularly casual traders.

Fusion Markets is a CFD broker that specializes in trading all assets as CFDs. The Zero account offers an incredibly low starting spread of 0 pips, which increases to 0.8 pips on the Classic account. However, the average spread on major assets is competitive compared to other major brokers. Fusion Markets offers over 80 forex currency pairs, providing a good range of options for forex traders, although the selection of CFD assets outside of forex pairs is limited.

One of the benefits of scalping at Fusion Markets is that the execution speeds are very fast, and the costs are generally low. The commission of $4.50 per round-turn trade on the Zero account is an ideal choice for scalpers. Scalping is permitted at Fusion Markets, along with a number of other trading techniques.

Fusion Markets is overseen by two regulatory bodies, the VFSC (Vanuatu Financial Services Commission) and ASIC. ASIC regulates Fusion Markets as Gleneagle Asset Management Limited (GAML) under registration number 226199, and VFSC regulates it as Gleneagle Securities Pty Limited under registration number 40256. This combination of offshore and top-tier regulatory oversight can be a good mix for all types of traders.

Fusion Markets operates from two office locations, one in Australia and the other in Vanuatu. This multi-office setup demonstrates the company's commitment to expanding its operation globally, which is a common trait among the best FX brokers.

Safeguarding Your Finances

It's crucial to consider the level of fund protection provided by a broker before investing your hard-earned money. One thing to keep in mind while assessing the fund protection offered by this particular broker is that they do not provide negative balance protection. This implies that in the event of a loss, you could lose more than your initial deposit. However, the broker provides several risk management tools to mitigate this risk, which we will discuss later.

Despite this, any deposit you make with this broker is kept securely in a segregated account with a reputable bank. As a result, your funds are always secure, regardless of any potential problems that may arise with the broker in the future.

Furthermore, Fusion Markets provides insurance coverage that protects you from a variety of scenarios, including fraudulent employee activity, among other things. As a result, they provide an excellent degree of protection for any funds you deposit with them.

Different Types of Accounts Offered by Fusion Markets

Fusion Markets offers various account types to cater to the trading needs of its clients. Each account type has its unique features, benefits, and requirements. Below is a breakdown of each account type offered by Fusion Markets:

Fusion Markets Demo Account

The Fusion Markets demo account is an excellent starting point for beginners who are new to trading or the broker. It's a risk-free account that doesn't require a real money deposit. You can use it to familiarize yourself with the broker's platform and trading tools. The demo account is valid for 30 days, but if you make a small real money deposit, you can access an unlimited demo account. You can manage everything from your Fusion Markets Client Hub.

Classic Account

The Fusion Markets Classic Account is the simplest and most user-friendly account type available for new and casual traders. This account type offers access to all assets available for trading, and it's completely commission-free. The spread for this account type is low, starting from 0.8 pips, making it an ideal starting point for new traders.

ZERO Account

The Zero Account is the most popular account type with Fusion Markets. It's ideal for more active or experienced traders. This account type offers access to all assets, and the spread starts as low as 0 pips on some major assets. Although there is a commission of AUD 4.50 per round-turn trade charged, it's still very competitive compared to other low-cost brokers in the industry.

MAM/PAMM Account

The MAM/PAMM account is perfect for money managers who manage multiple accounts. It's only available for the MetaFX trading platform, and there are some requirements you need to meet to open this account type. You must make a minimum deposit of $5,000 per sub-account and have a track record of profitability of at least three months from another broker. Additionally, the manager of this account must trade profitably with Fusion Markets for at least one month, and be licensed, and regulated in their country to manage and trade with this account type.

Deposit and Withdrawal

Account Base Currency

Fusion Markets accepts AUD, EUR, GBP, JPY, SGD, and USD as both base currencies and deposit currencies.

Minimum Deposit

Except for MAM/PAMM accounts, there is no minimum deposit required. You can deposit as much or as little as you wish. However, the average deposit made by traders at the broker is $1,500 or more. It's advisable to keep Visa and Mastercard deposits below 25,000 AUD to avoid rejections.

Deposit Methods

Fusion Markets offers several deposit methods, including credit and debit cards (Visa and Mastercard), eWallet services like Skrill, Neteller, and bank wire transfers. Local bank transfer methods are also available for traders from Singapore, the Philippines, Thailand, Malaysia, Indonesia, or Vietnam. The deposit process is convenient and takes a maximum of five days, but it can be faster.

Deposit Fees

Fusion Markets doesn't charge any deposit fees. However, your bank may charge a transfer fee. If you transfer from an international bank account to the Fusion Markets Australian trust account, you may incur a fee of around $20-30. If you deposit a currency that's not supported as an account base currency, a conversion fee will be charged, which is standard with most brokers.

Fusion Markets provides various methods for withdrawals, including bank transfer, credit/debit cards, and eWallets. It is important to note that the withdrawal method must be the same as the one used for the deposit. The processing time for withdrawals can take up to 5 days, depending on the chosen method. Australian residents do not have to worry about any minimum withdrawal amount, while a minimum amount of $30 applies to bank wire withdrawals.

Withdrawal fees are generally not charged by Fusion Markets, except in cases where the bank applies fees. If a non-supported currency is used for withdrawal, a conversion fee will be charged. The trading fees charged by Fusion Markets depend on the account type selected. The Zero Account has a starting spread of 0 pips, with a commission of $4.50 AUD/USD per round-turn trade. The Classic Account has a starting spread of 0.8 pips and no commissions.

Overnight fees are applicable if CFD positions are held overnight, and the fees are either charged or paid depending on the direction of the trade. Fusion Markets does not charge an inactivity fee, but after 90 days of inactivity and no funds in the account, the account may be archived.

Market Overview for Trading with Fusion Markets

Fusion Markets offers an array of markets and assets for traders to access. Let's explore these offerings in detail.

Forex Trading

Fusion Markets provides a wide range of forex currency markets with over 90 currency pairs, including major, minor, and exotic pairs. With spreads starting from 0 pips and market access available 24/5, traders have a significant advantage.

Commodities Trading

Fusion Markets offers a variety of metals, such as Gold, Silver, Zinc, Copper, Platinum, and energy commodities such as Crude Oil, Brent Oil, and Natural Gas. Traders can buy or sell these commodities, but negative balance protection is not provided.

Equity Indices Trading

Fusion Markets provides CFDs on several significant global markets, allowing traders to trade indices in either direction. The spreads remain competitive, offering an edge in trading.

Share CFDs Trading

Share CFDs trading is available for popular US company names.

Trading Features

Let's take a closer look at Fusion Markets' key trading features:

Execution

Fusion Markets operates as an NDD (no dealing desk) broker, ensuring there is no interference with trades and keeping spreads and costs low.

Leverage

Fusion Markets offers leverage up to a maximum of 30:1 on forex and metal trading and 2:1 on crypto trading.

Sizing

Fusion Markets offers a minimum trade size of 0.01 lots for currency pairs, metals, and other commodities, and a minimum trade size of 0.1 standard lots for other assets. The maximum trade size is 100 lots.

Risk Management

Fusion Markets offers several risk management tools, including stop-loss and take-profit positions, limit orders, and trailing stop orders, making it easy for traders to manage risks.

Trading Hours

Forex trading is available from Sunday to Friday (GMT) with no breaks. Most other markets are available on the same days, with several breaks noted. For instance, metals are available from Sunday at 11 pm GMT to Friday at 10 pm GMT, but with a one-hour break. Index trading is available from Sunday at 10 pm GMT to Friday at 8:45 pm GMT.

Forbidden Trading Techniques

Fusion Markets accepts hedging, scalping, and the use of EAs, making it easy for traders to employ trading strategies that fit their needs.

Trading Platforms

The key to successful trading is having access to trading platforms that allow you to execute trades seamlessly. Fusion Markets offers a variety of platforms that cater to the needs of different traders.

When it comes to charting and trading tools, Fusion Markets has got you covered with their MT4 platform. With over 50 indicators and numerous tools, MT4 is considered one of the most popular and customizable trading platforms available. In addition, the broker provides a VPS to ensure that trading runs smoothly at all times

For desktop trading, Fusion Markets offers several options. The most popular choice is the MT4 trading platform, which is renowned for its high reputation, excellent customizability, and ease of use on almost any device. With MT4, traders can trade on all available assets, engage in one-click trading, and use the popular EAs feature to automate their trades. MT4 is also available for both Windows and Mac, as well as a web trading platform. The platform is connected to the Fusion Markets Client Hub, which allows traders to manage their Fusion accounts directly from the platform.

For traders who prefer a MAM account, the MetaFX platform is available. This platform allows for the use of EAs and all other trading styles, as well as the full range of assets available at Fusion Markets. Traders can also trade any lot size that meets the broker's requirements and on an unlimited number of accounts. However, it's important to note that an additional 0.1 pip will be added to all products when using the MetaFX platform to keep costs low.

If you're interested in social trading, Fusion Markets has partnered with Myfxbook to offer access to a third-party social trading platform that provides auto trading in a user-friendly environment. To use this platform, you'll need a live account with Fusion Markets.

In addition to Myfxbook, Fusion Markets also partners with DupliTrade, another popular copy trading platform. Through DupliTrade, traders can duplicate trades directly into their Fusion Markets MT4 account. The DupliTrade support team is available 24/5 to provide additional support.

For traders who prefer to trade on the go, Fusion Markets offers a powerful mobile trading platform that's available on both Android and iOS. This mobile platform offers the same extensive charting capabilities, tools, and live pricing as the desktop and web platforms.

Finally, Fusion Markets offers both copy and social trading through the third-party trading platforms of Myfxbook and DupliTrade. While the broker doesn't offer a proprietary platform in this area, these third-party platforms are well-supported and user-friendly.

Customer Support

Diversity in Language Support

Fusion Markets offers a diverse range of language support, catering to over 20 languages from various parts of the world. The platform itself supports these languages, and the website is available in English and Thai, providing an inclusive user experience.

Customer Service Channels

Fusion Markets provides various channels for customers to reach out to their customer service team. You can communicate with them through web-based live chat, email, phone, or by visiting their local office. The team responds promptly within market hours and provides professional and informative solutions. Additionally, a detailed FAQ section is available on the website, which can address many common questions that users may have.

Research and Education

Research Tools

Fusion Markets offers a range of research tools to its customers, including a detailed economic calendar. They also provide a technical insights section that provides users with more in-depth technical details. Furthermore, the "Analyst Views" section combines technical and fundamental views for better analysis. To keep users up-to-date, the "Market Buzz" section collects and summarizes all the latest news on assets. In summary, Fusion Markets provides a comprehensive research offering to help users stay informed.

Education

Unfortunately, Fusion Markets does not offer any education section at the moment. However, we will keep you updated if there are any educational offerings provided in the future.

Frequently Asked Questions:

Is Fusion Markets a reliable broker?

Fusion Markets is a popular choice among traders due to its excellent features. The broker has a reputation for offering low spreads on various assets, allowing for a low minimum deposit that enables all traders to access its platform, and delivering high-speed order execution.

What is the withdrawal time at Fusion Markets?

Withdrawals at Fusion Markets can take up to five business days, depending on the method you choose. The length of time varies by method, with bank wire transfers taking the longest.

Is Fusion Markets an ECN broker?

Yes, Fusion Markets is an ECN broker. This type of broker provides lightning-fast execution speeds and deep liquidity, which often leads to the most competitive asset prices.

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