Fusion Markets Review
Richard Montana | May 18, 2022
Fusion Markets are a top-class Australian brokerage firm that provides you with plenty of instruments for trading online via the user-friendly yet powerful MetaTrader platforms for desktop, web and mobile devices. I really like how the broker offers exceptional conditions including low cost trading from just $2.25 commission per standard lot ($4.5 round turn). You can trade forex, stocks and cryptos with tight spreads from just 0.0 pips and rapid trade execution speeds. They also have a great range of trading tools to assist you with your daily trading activity. There are no deposit fees and no minimum account size required to get started. You can even begin with a demo account and practice trading risk free if you wish. The fact that they are regulated means that I can trade with them knowing that my funds are safe so that I can focus on my strategies.
Pros / Cons
- Sophisticated trading platforms for multiple devices
- Decent range of trading instruments
- Tight spreads & reliable execution speeds
- Low commission fees
- Minimum deposit of just $1
- Multiple convenient account funding options to choose from
- No deposit/withdrawal fees from the brokers side
- Powerful trading tools to enhance your market analysis
- Discounted VPS for qualifying traders
- Managed account solutions for investors & managers (PAMM/MAM)
- Excellent customer support
- Regulated broker
- Free demo accounts
- Cannot accept clients from a few countries
- Could add some individual stock instruments
- Beginners may need some more educational content
- No cryptocurrency funding at this time
- No Islamic swap-free accounts
Fusion Markets is a regulated Australian based online broker offering 120+ financial products in multiple asset classes for you to trade including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. They implement some of the latest cutting-edge technologies to provide fast, easy and efficient access to the global financial markets. It doesn’t matter what your experience level or investment size is, everyone can get access to some of the best trading conditions you will find anywhere.
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.” I personally believe that they have gone on to achieve this and much more. Since I first heard of them a few years back I have watched them grow into one of the most well-respected brokers in the industry. I have had an account with them for years and never had any problems whatsoever. Phil and the support team have always gone above and beyond expectations.
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. I would personally always prefer to trade with a regulated broker as there will be some protection in the unlikely event that something was to go wrong. I am happy with the top-tier regulation that the broker has and would not have any worries using them for trading.
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.
The broker does not accept clients from some countries including 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. If your country is listed, please feel free to browse our broker reviews for an alternative option.
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. I have used the MetaTrader platforms for many years and never felt the need to switch over to anything else. They can do everything I need from automated trading to analysing the charts with more technical indicators than I could ever use. I like how they are extremely user-friendly and can be fully customised so I can setup chart templates for my different strategies. You can make the platforms as simplistic or complex as you need. There are not many brokers who have both MetaTrader platforms, Pepperstone be another option.
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 superb 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
You can easily customise the platform according to your own individual needs. There is a good choice of 9 timeframes to choose from and multiple chart types. The decent range of 50+ technical indicators and graphical objects can be used for analysing charts to spot potential opportunities. You can save chart templates which makes it easier to access them again in the future.
The platform 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. This is one of the main reasons I use MT4. I have been running EAs on multiple instances of the platform for years. It is a great way for me to test brokers and trading strategies around the clock. If you are looking to use trading robots, I think MT4 would be a great platform to go for.
Flexible Trading Options
You can choose from multiple order types as well as one-click trading for faster access. This includes pending, limit and instant market execution orders.
Full Range of Trading Products
You can trade all of the trading instruments that the broker has on MT4 including Forex, CFDs and Cryptocurrencies.
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 anywhere in the world with an internet connection and contains most of the same functionality as the desktop platform. I like the web platform as it can run on any device and is always up to date.
The MT4 mobile application is freely available on Android and iOS devices from the relevant app stores. I think it is great that you can conveniently manage your account and trade whilst on the go. I often find myself checking the app to see how my trades are progressing. You can also set notifications to alert you to price activity which saves you from needing to watch charts all day long. The MT4 app includes many of the same features and functionality as the desktop platform. However, it cannot run automated systems. You will need the desktop platform for that.
MetaTrader 5 (MT5) is the follow-up platform provided by MetaQuotes and just as good as MT4, with lots more tools implemented to further enhance your trading possibilities. The MT5 platform was designed from the ground up to be multi-asset and able to connect to multiple exchanges and new markets. I think MT4 would be good enough for those who want to trade forex, but MT5 probably preferable for trading stocks.
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. I find this to be very reasonable and not much different from what you will find elsewhere. The managed account solution is similar to what you will find with ACY Securities.
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 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. I am a big fan of Myfxbook and use it for its other features such as analysing the statistics of my trading strategies to see what has worked well and areas in which I could improve. I highly recommend checking it out when you get a chance.
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 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. I was impressed particularly with the market analysis tools. That being said, I think most of you will probably be able to get by with the vast amount of MetaTrader tools. Not to mention, you can get loads more both free and paid through the MQL marketplace.
- 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
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. I found the insights to be very helpful in finding potential signals and becoming more aware of where the market could be heading.
- 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 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. I found this to be a great tool for gauging the market sentiment and getting a feel for what is trending at the moment.
- 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.
You can sign up to a discounted MT4 VPS hosting service from recommended third party providers, including FXVM & NYC Servers. The broker will credit standard VPS fees at the end of the month for clients who trade more than 20 lots in that month. I actually use a third-party provider for my VPS but find it to be an invaluable tool. I like to run automated systems around the clock, and therefore need platforms up and running all the time. The VPS is perfect for that. There are other brokers who provide a free VPS such as Blueberry Markets.
The broker has a good 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.
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.
The margin calculator helps you to calculate the margin needed to open and hold positions.
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.
There is an economic calendar on the brokers 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 an important tool when implemented as part of a trading strategies fundamental analysis. I always check it to see what the latest market news is. You may find it more convenient to use the economic calendar that is built-in the MT5 platform so you don’t need to switch between applications.
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. I think there is some room for improvement here but as they excel in so many other areas this really isn’t a deal breaker. Not to mention, you can find an abundance of free information online. If you do want a broker stacked with educational content, you might want to consider Fortrade.
The broker has a decent choice of 120+ tradeable instruments in a range of markets for you to choose from including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. You will find most of the instruments you would expect from a retail brokerage. There are major currency pairs, popular cryptos and precious metals. I would like to see them add some more individual stocks. If you want to trade stocks, TMGM have a great selection available.
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.
You can trade Crude Oil, Brent Oil and Natural Gas with competitive margins, no commissions on trades and the ability to go long or short.
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.
You 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.
Fusion Markets offer commission free trading on 5 cryptocurrency pairs including Bitcoin, Dash, Ripple, Ethereum and more.
The broker lets you choose between 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. I found both to have very good trading conditions. I personally prefer the zero account as I use scalping strategies that require low spreads. If you aren’t to bothered by the spreads, either account should suffice. There is no minimum deposit required which is great and they offer quite high leverage of up to 1:500. If you want even higher leverage, FXGiants go up to 1:1000.
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.
The Zero account 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.
If you are a beginner and want to get a feel for trading online, free demo accounts are available to test the different trading platforms and conditions before opening a real account.
All 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. I have always found the support to be excellent and amongst the best I have received from any broker.
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 so you should check with them beforehand.
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 a good choice of currenices including 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 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. I don’t think you will have any problems during the process but support are on hand to assist if need be.
Overall, there is a lot to like about Fusion Markets. I feel that they have a personalised approach and put clients’ interests at the forefront of everything that they do. You can trade on powerful yet intuitive platforms for your desktop and mobile devices. I found the trading conditions to be excellent and there is a decent number of financial instruments to choose from. I like that we get access to additional trading tools and good variety of payment options. They have very low fees, tight spreads and rapid trade execution speeds. In addition to top trading conditions, the broker is regulated which helps give you protection and ensures they must operate in a transparent manner. I have been with them for many years now and expect them to be leading the way for years to come.