Fusion Markets Review 2023
- DayTrading Review Team
We recommend Fusion Markets for traders looking for the lowest fees with spreads from 0.0 pips and a $2.25 per side commission.
Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.
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Trade over 90 pairs and keep costs to a minimum, with tight spreads and industry-leading commissions. Currencies can be traded 24/5 with no dealing desk intervention.
Trade 100+ shares in some of the biggest US companies. There are no commissions and equities can be traded on the advanced MT5 platform which is home to an excellent suite of analysis tools.
Trade CFDs on forex, metals, energies, shares, indices and cryptos with transparent prices. High leverage up to 1:500 is available and there are no account opening or deposit fees.
Trade the best known cryptos paired with USD and 1:2 leverage. Fees are low and traders can speculate on leading tokens like Bitcoin and Ethereum on a powerful trading platform.
The broker's native copy trading platform, Fusion+, offers access to experienced traders with low to zero fees and a hassle-free follower process. Alternatively, leading third-party tool, DupliTrade, connects aspiring investors with proven traders.
- Multiple copy trading and automated investing solutions
- Negative balance protection for ASIC-regulated regions
- Lower than average commissions and spreads from 0.0 pips
- Good market analysis tools and research
- Cryptocurrency trading including Bitcoin
- Regulated by the ASIC
- Free US share investing
- No fees on deposits
- 250+ trading assets
- VPS solution
- Limited educational materials, videos or training resources
- No bonuses or loyalty promotions
Fusion Markets offers “everyday low-cost trading” across its two live accounts. Our 2023 review looks into that promise and also details the trading platforms, deposit and withdrawal options, demo account rules, plus spread and investing costs. Find out whether our expert traders would recommend trading forex and CFDs with Fusion Markets.
About Fusion Markets
Located in Melbourne, Australia, Fusion Markets Pty Ltd is the brainchild of a collection of experienced forex investors. Its founders offer a combined experience of over 50 years, with their stated mission to make trading the financial markets simpler and more economical.
The company’s ethos is three-pronged:
- To lower the cost of trading forex, CFDs, and other financial products
- To offer friendly support to all investors, irrespective of experience
- To provide cutting-edge technology that delivers a seamless trading experience
Licensed and regulated by the Australian Securities and Investments Commission (ASIC) as a securities dealer, Fusion Markets is reliable in terms of safety and security. Applicants for these licenses must comply with a strict set of criteria to qualify, including a minimum capital requirement of one million AUD and an agreement to file regular reports allowing for third-party audits.
Offering a wide range of financial instruments, as well as ongoing support and a top-notch platform, the online brokerage caters to traders of all experience levels and budgets.
MetaTrader 4 (MT4)
MT4 requires little introduction, given its status as the most popular trading software on the market. Highly praised by users of all levels, it offers strong charting, efficient tools, multiple timeframes, and full customizability.
Its automated trading bots – or Expert Advisors – are particularly lauded, and are just one of the reasons that many would cite MT4 in online reviews as their first choice of platform.
The MT4 WebTrader version is also available for clients who prefer to invest from their browsers rather than download software.
MetaTrader 5 (MT5)
The MT5 platform is an upgraded version of MT4 and it provides access to a multitude of assets besides forex.
Other benefits include faster processing speeds, 21 timeframes, advanced pending orders, 80+ technical analysis objects, market depth, full EA (Expert Advisors) functionality with the programming language MQL5 and built-in VPS (Virtual Private Servers).
We rate the desktop, web and mobile platform – cTrader. It makes for an excellent alternative to the MetaTrader suite.
In particular, I like the slick interface with dozens of indicators, advanced charts and three market depth settings, which provides a deeper view of liquidity and pricing.
The cAlgo function also makes it a great pick for automated traders looking to build, test and deploy algorithmic strategies.
This is a social trading platform. Here you can receive forex signals from experienced investors and set up automated trading. The service provides hand-picked systems, no hidden fees and the trader controls when they add or remove a strategy from their account.
Note, Myfxbook AutoTrade only allows for the creation of live accounts, no demos are permitted. Volume-based rebates are not available either.
Fusion+ Copy Trading
This is a native platform created for clients who wish to manage the funds of others. Users can become Fusion+ Money Managers. It’s also a good option for beginners or those with limited time to speculate on the markets.
Importantly, the positions opened and closed by the investor will be automatically mirrored on the copy accounts. And the service is free as long as the trader and the copy accounts invest at least 2.5 lots of forex or metals per month. When this condition is not met, a $10 per month fee to cover Fusion’s hosting costs is charged to the trader’s account.
If you are an approved Fusion+ Master, then you can also take a performance fee from your client’s profits. This can climb as high as 30%.
New copy accounts will need to sign up with an invite link provided by the master investor.
This is a user-friendly copy-trading platform that allows users to duplicate the positions of more experienced investors.
DupliTrade works by connecting to an MT4 account. Advantages include automated trading based on signals provided by experts, only successful investors with proven track records are displayed, strict selection criteria for chosen strategies and 24/5 support.
In addition to these platforms, Fusion Markets offers a Multi Account Manager (MAM/PAMM) solution for professional investors. This allows users to open positions across an unlimited number of accounts.
Assets & Markets
Clients can speculate on 250+ markets with Fusion Markets:
- Forex (90+ currency pairs available)
- Equity indices (CFDs on major indices)
- Energy (crude oil, brent oil, and natural gas)
- Share CFDs (100+ of the largest USA companies)
- Commodities (coffee, wheat, cocoa, sugar, etc.)
- Precious metals (gold, silver, platinum, zinc, copper, and more)
- Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, EOS, Polkadot, Chainlink and more)
This long list ensures that traders are able to adequately diversify their portfolio, and gives them an ample selection of assets to choose between on the basis of both preference and strategy.
Spreads & Commission
The broker offers minimum spreads of 0.00 on a number of popular currency pairs, including AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, and AUD/USD. Even when we look at their average spreads, we see figures of just 0.55, 0.31, 0.36, 0.69, and 0.05 respectively.
Our experts also found that their commission rates for the Zero account are notably low. For example, were you to trade one standard lot of forex and precious metals, you would pay only $4.50 AUD to do so.
This means that, if you are looking for a cut-price alternative to most other brokers on the market, Fusion Markets may well be the company you have been searching for.
As part of their commitment to providing a flexible service, Fusion Markets gives the trader the chance to choose their own leverage, up to a maximum of 1:500.
Retail clients under ASIC regulation, however, have their leverage capped at 1:30 for major forex pairs, 1:20 for minor forex pairs, 1:20 for indices, 1:20 for commodities and metals, 1:10 for shares, 1:5 for CFDs, and 1:2 for cryptocurrencies.
Head to the official website for terms and conditions on margin calls and stop outs.
Our experts found MT4 apps are available to download from the Apple Store or the Google Play Store. These allow individuals to trade through their smartphone, with iPhone, Android, and tablet versions available.
Free to download, the applications provide traders with the ability to manage their accounts, open and close positions, check live pricing, and use a host of analytical tools that are available when trading from a desktop.
Deposits & Withdrawals
Fusion Markets offers a range of payment methods – some are country specific, particularly in the Asia Pacific region such as Thailand and Malaysia where tailored payment options are available.
The popular methods of Visa, Mastercard and bank transfer are available across the board. Fusion Markets has also continued to expand the choice of payment methods available, including PayPal, Skrill, Neteller, FasaPay, Jeton Wallet, Perfect Money, Online Naira, Doku, and cryptos. Withdrawal methods are the same as deposits.
There are no fees on deposits. These have been waived for both credit and debit cards as part of the company’s commitment to keeping costs to a minimum. However, traders should be aware of extra fees their bank may decide to charge.
Fusion Markets Demo Account
As with most reputable brokers, Fusion Markets offers a free demo account to allow potential clients to trial their products. This provides individuals with a great opportunity to gain a feel for what the company has to offer, from their their low-cost spreads and commissions to their powerful market analysis tools.
Bonus Deals & Promotions
Fusion Markets is dedicated to delivering a great overall package. However, it does tend to rely on the quality of its overall service to sell itself and has little in the way of deals or promotions to offer traders.
Fortunately, given the combination of low forex commissions, the lack of fees on deposits, and that there is no minimum account size, clients are already saving a significant sum without the need for enticing no deposit bonuses or welcome offers.
Regulation & Licensing
One area where Fusion Markets excels is in its strict regulation. Licensed as a securities dealer with the Australian Securities and Investments Commission (ASIC), the company is as safe as they come. Traders can have full faith that the broker is legitimate and not a scam.
This is because the Australian Securities and Investments Commission set strict criteria. These include a minimum capital requirement of one million AUD. In addition, brokers regulated by the financial body must file regular reports, which undergo third-party audits.
The company is also regulated by the Vanuatu Financial Services Commission (VFSC) and client money is kept in segregated bank accounts.
Like many other top-tier forex brokers, Fusion Markets also offers a high degree of transparency, with everything from their ACN and ABN numbers through to their license documentation, registered address, and regulator listed online.
Several educational resources are provided: an economic events calendar, a trading calculator, Analyst Views – a quick view on the markets, Technical Insight – a service that helps investors learn more about technical analysis, and Market Buzz – an AI-powered news selection system.
However, while using Fusion Markets, we found no webinars and limited training materials. This is a drawback versus competitors that offer beginner-friendly forex academies for newbies.
How To Trade With DupliTrade
Our experts were particularly pleased with the DupliTrade tool. The copy trading solution only showcases relatively successful strategies. Clients of Fusion Markets can also get started in a few simple steps:
- Register for an account on the DupliTrade website (you will need to accept the T&Cs)
- Connect your DupliTrade account with your Fusion Markets profile (via the Fusion site)
- Choose a strategy (you can select trading systems based on your risk appetite)
- Monitor your progress (view your positions plus profit and loss in real-time)
Fusion Markets Accounts
Two account types are available at Fusion Markets: Zero and Classic.
The Zero account is the most popular because it has spreads starting from 0.0 pips and low commissions of AUD $4.50. The Classic account is suitable for investors who are starting out; spreads start from 0.8 pips and commissions are set at zero. There is no minimum account size with either live account.
Fusion Markets also offer a swap-free account option for Muslim traders.
The Fusion Markets platform is open 24/7. However, session times vary based on the market hours of their products, but these are all clearly listed on the company’s website under their ‘Trading Conditions’ section.
Contact Details & Customer Support
Should you wish to contact Fusion Markets, they can be reached via various channels:
- Email – email@example.com
- Phone number – +61 3 8376 2706
- Address – Level 10/627 Chapel St, South Yarra VIC 3141, Melbourne, Australia
The company can also be contacted via a live chat feature installed on its website.
Safety & Security
The broker also keeps client funds in segregated bank accounts and the login to platforms is password protected.
Fusion Markets Verdict
Fusion Markets is a broker with many pros. Offering spreads starting from 0.0 pips (Zero account) and zero commissions (Classic account), their commitment to cutting costs is evident. The brokerage is also a properly regulated outfit by the ASIC and VFSC, offering a variety of trading platforms, no fees on deposits, and multiple asset classes.
For investors in search of a broker that covers all of the basics on a budget, this is one of the best companies out there.
Does Fusion Markets Offer Negative Balance Protection?
Yes, but only for ASIC-regulated regions. This means traders outside of Australia may lose more than their balance if the market moves against them.
Is Fusion Markets An ECN Broker?
No, Fusion Markets does not use an ECN (electronic communication network) model.
What Is The Margin Call Limit For Fusion Markets?
Fusion Markets will automatically close your positions at 20% for VFSC clients. The margin stop-out limit for retail accounts under ASIC regulation is 50%.
Does Fusion Markets Have A Forum?
No, but you are able to reach out to the support team on the official website or on their socials: Facebook, Instagram, YouTube, Telegram and Twitter.
How Many Accounts Does Fusion Markets Offer?
There are only two live accounts: Zero and Classic. The Classic account has no commissions and Zero has spreads from 0.0 pips. There is no minimum account size with either option.
Fusion Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Fusion Markets from Ghana, Iran, Iraq, Pakistan, United States, Japan, China, Belgium, New Zealand.
- Bitcoin Payments
- Perfect Money
- Doku Wallet
- Wire Transfer
- Credit Card
- Debit Card
- Ethereum Payments
Fusion Markets Details
|Minimum Trade||0.01 Lots|
|Regulated By||ASIC, VFSC|
|Mobile Apps||iOS & Android|
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Auto Trading||Myfxbook AutoTrade plus Expert Advisors (EAs) on MetaTrader|
|Trade Signals||Myfxbook AutoTrade|
|Guaranteed Stop Loss||No|
CFD Trading Details
|FTSE Spread||From 0.7|
|GBPUSD Spread||From 0.0|
|Oil Spread||From 0.0|
|Stocks Spread||From 0.01|
Forex Trading Details
Cryptocurrency Trading Details
|Crypto Spread||From 0.001|
|Crypto Auto Market Maker||No|
Compare Fusion Markets
Compare Fusion Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to Fusion Markets:
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade
Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
Go to Kwakol Markets
Fusion Markets Comparison Table
|Fusion Markets||IG Group||Just2Trade||Kwakol Markets|
|Markets||CFDs, Forex, Stocks, Indices, Commodities, Crypto||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting||Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds||CFDs, Forex, Stocks, Indices, Commodities, Crypto|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||0.01 Lots|
|Regulators||ASIC, VFSC||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||CySEC, NFA, FINRA, Bank of Russia||ASIC, FINTRAC|
|Bonus||–||–||Up to $2,000 for professional accounts||–|
|Platforms||MT4, MT5, cTrader, DupliTrade||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingCentral||MT4, MT5, AutoChartist|
|Leverage||1:500||1:30 (Retail), 1:250 (Pro)||1:20||1:1000|
Compare Trading Instruments
Compare the markets and instruments offered by Fusion Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Fusion Markets||IG Group||Just2Trade||Kwakol Markets|
Fusion Markets vs Other Brokers
Compare Fusion Markets with any other broker by selecting the other broker below.
The most popular Fusion Markets comparisons:
|Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.|