Fusion Markets Review 2020

Strength 1 – Lowest Commission On Market For ECN Style Trading

Fusion Markets claims to offer the lowest advertised commissions on Forex trading among regulated online brokers in Australia, with its commission rate being nearly 36% lower compared to what its competitors offer.

View below Fusion Markets commission comparison with other Australian forex brokers:

As a true ECN broker, which automatically matches buy and sell orders of clients at the best quote available, Fusion Markets offer ultra-low spreads (starting from 0.0 pips) on its ZERO Account and charges a commission of as low as AUD$4.50 round-turn per 1 standard lot traded (or AUD $2.25 per side). The table below presents commissions charged on ZERO Accounts depending on the base currency:

Note* Besides the spread and the commission, there are no other (hidden) charges.

Strength 2 – Tight Spreads For Zero And Classic Account Types

With Fusion Markets, retail clients are given a choice between two types of live trading accounts:

• Classic Account
• ZERO Account

The Classic Trading Account

This account type is suitable for customers who are just about to begin their trading experience as well as for those who prefer simplicity – to avoid the need to calculate commissions prior to every trade. Actually, Fusion Markets will charge no commissions on its Classic Accounts, because they are included in the spread itself.

Due to the nature of ECN technology, the Australian brokerage offers tight spreads, which start from 0.8 pips on major currency pairs such as EUR/USD and USD/JPY.

In order to calculate the average spread for a given currency pair on the Classic Account, clients can add 0.8 pips to the average spread listed on the broker’s product page. For example:

• for AUD/USD it will be equal to 0.22 + 0.80 = 1.02 pips,
• for GBP/USD – 0.59 + 0.80 = 1.39 pips,
• for EUR/USD – 0.12 + 0.80 = 0.92 pips,
• for GBP/AUD – 1.72 + 0.80 = 2.52 pips,
• for AUD/JPY – 0.48 + 0.80 = 1.28 pips,
• for USD/JPY – 0.14 + 0.80 = 0.94 pips,
• for NZD/USD – 0.69 + 0.80 = 1.49 pips.

The ZERO Trading Account

The ZERO account offers raw spreads with no mark-ups. This account type is suitable for customers with some trading experience and for those who are aware of how the commission sizing works.

The spreads on the ZERO Account have no mark-up and start from 0.0 pips for Forex, precious metals and commodities. The average spreads offered on some of the most popular currency pairs are presented as follows:

• AUD/USD – 0.22 pips,
• GBP/USD – 0.59 pips,
• EUR/USD – 0.12 pips,
• GBP/AUD – 1.72 pips,
• AUD/JPY – 0.48 pips,
• USD/JPY – 0.14 pips,
• NZD/USD – 0.69 pips.

In exchange for the tight spreads, retail customers will pay the brokerage a commission of as low as AUD $4.50 per round turn. See below the Fusion Markets spread comparison with other Australian forex brokers.

Fusion Markets Spread Comparison	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPY
	0.12	0.22	0.48	0.59	0.14
	0.16	0.27	0.50	0.40	0.16
	0.10	0.20	0.40	0.40	0.20
	0.10	0.20	0.50	0.20	0.10
	0.20	0.20	0.50	0.50	0.20
	0.44	0.42	0.50	0.85	0.20
	0.17	0.30	N/A	0.60	0.24
	0.20	0.40	0.60	0.60	0.30
	0.10	0.50	1.10	0.60	0.40
	0.40	0.70	1.10	0.70	0.50
	0.32	0.97	0.48	0.82	0.28

Data taken from broker website. Accurate as at 01/09/2020

Note* We should also note that clients are able to change their account status from Classic to ZERO at any time. They only need to contact the broker’s customer support team.

Demo Account

Fusion Markets clients can open a Demo Account, which may have the features of either a ZERO or a Classic Account. Another option is to open multiple Demo Accounts (one functioning as a ZERO and one functioning as a Classic).

Before a client can start trading with virtual funds on a temporary Demo Account, the broker will require identity and address verification. Clients will have to submit colour copies of their ID card, passport or driver’s license. As for proof of residence, they will need to send a copy of their utility or phone bill, bank statement or birth certificate.

Open a demo account >>Visit Fusion Markets >>

Strength 3 – MetaTrader 4 Trading Platform Specialists

Over the years, MetaTrader 4 has become a standard for Forex trading, due to its speed, convenience and stability. Originally, the platform comes as an “empty shell”. Therefore, it is what features and tools a Forex broker include in the platform that is of the essence. Our team of experts at Compare Forex Brokers maintain the view that Fusion Markets has one of the best MT4 offerings on the market.

MT4 Trading Platform for Desktop PC

The Fusion Markets MT4 trading platform comes with a suite of features:

• Customisable charts and over 50 indicators and scripts
• Over 120 financial instruments, including Forex, CFDs and Cryptocurrencies
• Numerous types of orders and one-click trading option
• Automated trading through the use of Expert Advisors
• Virtual Private Server for Forex Trading – clients can use discounted MT4 Forex VPS Hosting Service from third-party providers such as NYC Servers and FXVM. This way their trades will remain connected 24/7 on a virtual machine
• Myfxbook AutoTrade service that allows clients to follow and copy other traders
• DupliTrade service that allows clients to duplicate the actions of traders with a proven history and track record directly into their Fusion Markets MT4 Account
• Multi-Account Manager (MAM/PAMM) solution for professional traders who manage funds for other clients and seek low costs and reliable technology

Fusion Markets MT4 WebTrader

Clients, who prefer not to install any software and to trade directly from their Internet browser on any desktop PC, will probably find Fusion Markets’ MT4 WebTrader appealing. Key features include:

• Compatibility with any operating system (Windows, Linux or Mac)
• One-Click Trading
• 30 indicators for technical analysis and 9-time frames
• Real-time quotes in Market Watch
• History of trading operations
• Encryption of all transmitted data
• User-friendly interface and support of over 40 languages

MT4 Mobile Apps

MT4 mobile apps for iOS- or Android-based smartphones or tablets enable clients of Fusion Markets to manage their account, open or close a trade, check live forex prices and use an array of analytical tools on the go.

Strength 4 – Ultra-Fast Execution Speed For Forex, CFDs and Cryptocurrencies Trading

As an ECN Forex broker, Fusion Markets offers cutting-edge technology that allows for lightning-fast execution of trade orders for all asset classes. On the broker’s MT4 platform, clients can take advantage of an execution speed of 0.02ms on every trade.

Additionally, Fusion Markets offers a forex VPS hosting service that allows your automated trading strategies to stay online 24/7. The Virtual Private Server (VPS) offers forex traders the following advantages:

• Host automatic trading strategies on a virtual machine
• VPS is capable to keep the power on 24x7x365 (100% up-time)
• Guarantees faster connection speed
• Ultra-low latency of 1 ms
• Dedicated 24/7 customer support

Fusion Markets has partnered with third-party server hosting services for trading in the world’s biggest financial centres. To offer dedicated online forex VPS to its clients, Fusion Markets has partnered with:

• NYC Servers (comes with a discount of 25% each month with Fusion Markets VPS service)
• FXVM (comes with a discount of 20% each month on a Fusion Markets FXVM VPS)

Note* If you execute more than 20 standard lots within a month, Fusion Markets will credit back the VPS fee and you’ll benefit from free VPS.

Strength 5 – Zero Fees for All Payment Methods

Another advantage of Fusion Markets is that the brokerage charges no fees on deposits, regardless of the payment option chosen by the client. The Australian broker allows depositing via one of the following payment methods:

• Credit or Debit Cards by Visa or Mastercard
• Skrill
• Neteller
• Bank wire transfer

In case clients fund their trading account via bank wire, any transfers from Australia to the broker’s Australian trust account will be associated with no fees. However, there will be fees charged on bank transfers from an international account to the broker’s Australian trust account.

We should note that some banks may use the services of a so-called “intermediary bank” in order to transfer the funds to Fusion Markets. As a result, the intermediary bank may charge fees of its own.

As for base account currencies, Fusion Markets allows deposits made in:

• Australian Dollars
• US Dollars
• Euros
• British Pounds
• Japanese Yen
• Singapore Dollars

Some of the details for a bank wire transfer are presented in the table below.

Note* Clients may find more details within their Fusion Client Hub.

Deposits made via Visa or Mastercard will be credited to the clients’ account immediately. On the other hand, deposits made via a bank transfer internationally to Australia will appear into the clients’ trading account within 2 to 3 business days.

No restrictions and fees are imposed on fund withdrawals as well. Withdrawals via credit or debit cards are processed within 1 to 5 business days, while withdrawals via bank wires are processed within 2 to 5 business days.

Open a demo account >>Visit Fusion Markets >>

Strength 6 – No Minimum Deposit To Open Trading Accounts

With Fusion Markets, there is no minimum deposit requirement for clients to open a trading account. According to the Australian brokerage, the average deposit made by the majority of its retail customers equals $1,500 or more.

Although clients are allowed to deposit as much as they like, Fusion Markets recommends that the maximum deposit be AUD $25,000 or equivalent at a single transaction, when credit or debit cards are used as a method of funding. This way retail clients can avoid rejections from Visa or Mastercard.

As for the maximum leverage offered by the broker, it is presented as follows:

• For Currency pairs and Metals – up to 1:500,
• For CFDs on Indices and Commodities – up to 1:100,
• For Cryptocurrencies – up to 1:5.

Clients are allowed to have up to 200 orders (including pending orders) active at any time, while the maximum trade size equals to 100 lots. However, for the best order execution, clients should open positions not larger than 50 lots. If that trade size is exceeded, they may experience slippage.

Note* Client money is held in segregated accounts with a third party bank. Fusion Markets keeps your money with Australia’s second-biggest bank, Westpac.

Strength 7 – Account Manager Included For Best Customer Service

Traders are also able to contact the brokerage’s customer support team for all kinds of issues or inquiries. The most convenient way to do that is probably via the live chat option. The live chat button is located in the lower right corner of the screen, regardless of which website section is currently being visited.

Another way to contact customer support is by sending them a message by using the broker’s Contact Us section of the website. Details required can be seen on the screenshot below.

Fusion Markets clients can also email the support team at help@fusionmarkets.com or contact them over the phone by dialling +61 3 8376 2706.

Weakness 1 – No Shares CFD

Despite low trading costs, exceptional order execution and professional customer support, we should note that Fusion Markets offers a bit limited selection of asset classes. The trading instruments offered can be summarized as follows:

• Forex – a total of 80 major, minor and exotic currency pairs
• Cryptocurrencies – CFDs on 4 digital currencies (Bitcoin, Ethereum, Litecoin and Ripple)
• Indices – CFDs on 10 major Stock Indices
• Metals – Gold, Silver, Platinum, Aluminium, Copper, Nickel, Lead, Palladium and Zinc
• Commodities – CFDs on West Texas Intermediate (Crude) Oil, Brent Oil and Natural Gas

On the downside, the Australian forex broker does not offer CFDs on Equities and Exchange-Traded Funds (ETFs). The Australian traders can’t take advantage of the trading conditions that come with shares CFD trading.

Note* Fusion Markets keep extending its list of available instruments for trading by adding new CFDs on soft commodities (coffee, wheat, cocoa, sugar, etc.). The launch of new CFD instruments is expected soon.

Weakness 2 – No Education Tools

Another disadvantage, which we feel obligated to point out, is the lack of any educational materials as well as research materials concerning a particular market segment (Forex, Equities, Bonds etc).

Fusion Markets offers no trader education database, which could include:

• Video on Demand (VOD) – videos for beginners, videos for advanced traders, videos covering basic Forex trading terms etc.
• Webinars – for example, how to recognize short-term/long-term trends, how to recognize the price action (candlestick) patterns, long-term chart patterns etc.
• Tutorials – for example, how to operate the broker’s trading platform and mobile applications,
• EBooks – materials covering different aspects of Forex, Commodity, Stock or Cryptocurrency trading (terminology, an overview of the particular market and trading instruments, day trading, trading strategies for beginners, advanced trading strategies, trading psychology, money management, fundamental analysis, basic and advanced technical analysis, social trading etc)
• Trading Guides (Courses) covering similar topics

On the plus side, Fusion Markets offers for Australian-based traders Trading Calculators but you need to be a client of their services.

While Education features may be lacking, Fusion markets do offer useful research analysis tools. These include:

• Technical Analysis – Such as actionable analyst views such as support and resistance levels
• Technical Insights – Such as technical analysis indicators and interactive charts to help you make the best trading decisions
• Sentiment Indicators – “Market Buzz” is a tool which uses to sift through thousands of market news to bring you the wisdom of the crowd
• An Economic calendar which fusion markets claim to be the best in the market
• Trading Calculator
• Trading Signals

Weakness 3 – Range of Methods For Depositing Funds Limited

Last but not least, clients can choose from a limited range of methods to fund their trading accounts. As we have already pointed out, Fusion Markets allow depositing via credit or debit cards, bank wire transfer and a limited number of e-wallets such as Skrill and Neteller.

Note* Popular e-wallets such as PayPal, iDebit, SamsungPay or AlliedWallet are currently not available.