Fusion Markets Review
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.
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.”
Pros / Cons
- Strict regulation
- Segregated client funds
- Commission free trading
- Very competitive commissions
- Discounted VPS
- No US clients
- Limited trading tools
- Limited educational material
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.
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.
Fusion Markets Trading Platforms
Fusion Markets offer one of the industry leading trading platforms in MetaTrader 4 (MT4). MT4 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 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.
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 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.
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.
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
Fusion Markets Trading Tools
Fusion Markets do not offer stand alone trading tools and thus clients will have to make do with those that are included within the MT4 trading platform. There is however an option to get a discounted virtual private server (VPS).
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.
Fusion Markets Education
Unfortunately, Fusion Markets do not offer any educational materials at this time.
Fusion Markets Trading 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
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.
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.
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.
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.
Fusion Markets offer commission free trading on 5 cryptocurrency pairs including Bitcoin, Dash, Ripple, Ethereum and more.
Fusion Markets Trading 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.
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.
True ECN Account
The ECN 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.
Fusion Markets Customer Service
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 limited choice of methods for depositing and withdrawing funds from your trading account. This includes bank wire and credit/debit card. 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 Conclusion
Fusion Markets is a regulated broker with a reasonable amount of trading instruments and very competitive fees. They offer flexible trading platforms and account types. There is the option of a free VPS and PAMM/MAM account. Customer support are very prompt and polite in their responses. However, additional trading tools and educational materials are distinctly lacking.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.