Is the Fusion Markets Forex broker good? Fusion Markets review for 2023.

Pros and Cons of Fusion Markets:

Fusion Markets offers low trading and non-trading fees, and it’s easy and quick to open an account. The trading platform provides excellent customer service with quick and reasonable responses.

The main features and highlights of Fusion Markets include:

• Fees
• Account Types
• Platform
• User-Friendliness
• Customer Support
• Payment Methods
• Best Promotions
• Regulations & Deposit Protection
• Awards

Fusion Markets charges low fees for Forex and CFD trading, with no inactivity fees or withdrawal fees.

Fusion Markets Fee Structure

Fusion Markets Trading Fees

Fusion Markets’ trading fees are considered low. The platform offers various account types with different pricing structures. You can analyze this when experiencing the ZERO account.

Comparing trading fees between forex brokers can be challenging. To do so, you need to calculate all the fees for a typical trade across selected products.

For example, you can choose popular instruments within each asset class typically provided by forex brokers, such as:

• Forex: EURUSD, GBPUSD, AUDUSD, EURCHF và EURGBP
• CFD Stock Indices: SPX and EUSTX50

A typical trade involves buying a leveraged product, holding it for a week before closing it. If trading by volume, let’s assume you choose a $20,000 position for forex and a $2,000 position for stock indices and CFDs. The corresponding leverage used is:

• 30:1 Forex
• 20:1 CFD Stock Indices

All standard fees include spreads, commissions, and deposit fees for all brokers. Let’s calculate Fusion Markets’ fees.

Forex Fees

Fusion Markets’ Forex fees are low; the platform charges fees similar to the tightest competitors.

OPEN ACCOUNT

The account opening procedure at Fusion Markets is user-friendly and entirely digital. It is also very fast – the demo account is verified on the same day after registration.

Fusion Markets accepts customers from various parts of the world, with some exceptions, notably the United States and New Zealand.

Minimum Deposit at Fusion Markets

The minimum deposit requirement at Fusion Markets is $0.

Types of Accounts

There are two different account types in terms of fee structure:

• Classic Account – fees are integrated into the spread, and there is no commission fee.
• ZERO Account – lower spreads but with a commission fee.

Fusion Markets also provides business accounts.

How to Open an Account

The account opening procedure at Fusion Markets is straightforward and entirely digital. Completing the online registration form takes about 10-15 minutes, and typically, the account is approved on the same day.

5 steps to open an account at Fusion Markets:

1. Enter your email address and create a password.
2. Log into the customer portal interface and go to the ‘Profile’ section.
3. Add your personal information such as date of birth and place of residence.
4. Choose the type of account, leverage level, and set up security questions.
5. Verify your identity and place of residence by uploading your passport/ID card/driving license and a bank statement or utility bill copy.
   

The best alternatives to Fusion Markets

• Axi
• Eightcap
• TMGM
• Pepperstone

Deposits and Withdrawals

At Fusion Markets, most withdrawal transactions are free, and you can use bank transfers, credit/debit cards, and electronic wallets to deposit funds. However, you cannot open an account using secondary currencies.

Base Account Currency

At Fusion Markets, you can choose from 7 primary base account currencies, including USD, EUR, GBP, AUD, JPY, SGD, THB.

CAD has been removed as Fusion Markets X is no longer operational.

The base currency options at Fusion Markets compared to similar brokerage platforms.

Why is the base currency important? There are two reasons. If you deposit funds into your trading account using the same currency as your bank account or trade assets in the same currency as the base currency of your trading account, you won’t have to pay currency conversion fees.

Fees and Payment Methods

Deposit Methods at Fusion Markets

Bank transfers may take several working days, whereas payments with credit/debit cards are processed instantly. You can only deposit money from accounts in your own name.

Fees and Withdrawal Methods at Fusion Market

Fees and Withdrawal Methods at Fusion Markets

For credit/debit cards, the withdrawal amount cannot exceed the amount you deposited. This means that profits from your trading activities can only be withdrawn via bank transfer.

The minimum withdrawal amount is 35 USD.

How long does it take to withdraw money from Fusion Markets? Based on our experience, withdrawals via debit card take over 3 business days.

Steps to Withdraw Money from Fusion Markets:

• Log in to the customer portal.
• Go to ‘Payments.’
• Select ‘Withdraw Funds.’
• Enter the withdrawal amount and choose the withdrawal method.
• Initiate the withdrawal.

Web Trading Platform

Placing Orders

You can use basic order types, but you won’t find more complex ones like ‘cancel other orders.’ The available order types include:

• Market
• Limit
• Stop

Additionally, there are time-in-force options you can use:

• Good ’til Cancelled (GTC)
• Good ’til Time (GTT)

Desktop Trading Platform

Fusion Markets provides MetaTrader 4 for their desktop trading platform.

It has the same design, is available in the same languages, offers the same order types (including Stop Loss orders), and has a similar search function as the web trading platform. Portfolio investment reports and fee reports are also clear, and you can download reports by right-clicking on the History tab and selecting “Save as Detailed Report.”

Desktop Trading Platform

Market and Products

Fusion Markets offers a variety of currency pairs and some CFDs. However, it doesn’t provide an extensive range of common assets such as real stocks, ETFs, and funds.

Fusion Markets is a forex broker that also offers some CFDs.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fusion Markets offers an excellent portfolio of currency pairs, making it one of the most diverse forex brokers. You can also trade cryptocurrencies, stock index CFDs, commodity CFDs, and stock CFDs. However, ETFs and bond CFDs are not available.

Is Fusion Markets regulated?

Fusion Markets is headquartered in Australia, established in 2010, and is regulated by the Australian Securities and Investments Commission (ASIC) as well as the Vanuatu Financial Services Commission (VFSC).

Is Fusion Markets safe?

To determine whether a broker is safe, you should consider two key factors:

• How you are protected in case of an issue.
• The broker’s platform.

Customer Protection Mechanisms

Fusion Markets operates through two entities regulated by ASIC and VFSC, respectively. While it doesn’t offer investor protection, it does provide negative balance protection for clients under ASIC.

*Except for Myanmar, Ivory Coast, Democratic People’s Republic of Korea, Democratic Republic of the Congo, Eritrea, Former Soviet Union, Ghana, Iran, Iraq, Lebanon, Liberia, Libya, Japan, New Zealand, United States, Somalia, Sudan, Syria, and Zimbabwe.

Development History

Fusion Markets is a brand of Gleneagle Asset Management Pty Limited and was established in 2010. A broker’s longer track record often provides more evidence of its ability to survive through past financial crises.

Conclusion

Fusion Markets is an excellent Forex broker with very low trading and non-trading fees. Opening an account is quick and easy. Additionally, they offer good customer service with fast and reasonable responses.

As for disadvantages, Fusion Markets has limited educational tools, primarily focusing on Forex and some CFDs in its product portfolio. Lastly, it doesn’t provide investor protection.