Fusion Markets Review 2021

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$2.25 side-turn per 1 standard lot traded (or AUD $4.50 round-turn). 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 0.9 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 0.9 pips to the average spread listed on the broker’s product page. (or using our spreads module below).

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:

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/JPYEUR/GBPEUR/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPYEUR/GBPEUR/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPYEUR/GBPEUR/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPYEUR/GBPEUR/JPYUSD/CADUSD/SGD	EUR/USDAUD/USDAUD/JPYGBP/USDUSD/JPYEUR/GBPEUR/JPYUSD/CADUSD/SGD
	0.09	0.16	0.36	0.24	0.11
	0.09	0.17	0.47	0.28	0.14
	0.02	0.17	0.50	0.23	0.14
	0.10	0.20	0.70	0.30	0.20
	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	0.59	0.24
	0.20	0.40	0.60	0.60	0.30
	0.10	0.50	1.10	0.60	0.30
	n/a	0.50	0.70	0.30	n/a
	0.27	1.00	0.50	0.73	0.30

Data taken from broker website. Accurate as at 01/09/2021

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 Trading Platform Specialists

Over the years, MetaTrader 4 (MT4) has become a standard for Forex trading, due to its speed, convenience, and stability. Fusion Markets recently added MetaTrader 5 (MT5) to their platform portfolio. This platform in many aspects is an upgrade on MT4 as it has more features available plus the ability to offer shares.

MetaTrader 4

MetaTrader 4 is the world’s most popular trading platform so is offered by many brokers, so to stand out from the pack, Fusion Markets offers a wealth of features for the best possible trading experience.

Features that make MetaTrader 4 with Fusion Markets stand out from the competition include:

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.

MetaTrader 5 (MT5)

If you have not previously used MT4 before or you want to trade shares then you may prefer MT5. MT5 offer all the features MT4 has plus more. For example, while MT4 has 9 timeframes, MT5 has 21. Similarly, MT4 has 4 pending order types while MT5 has 6.

Features of MT5 include:

• Stock trading
• 44 chart indicators (MT4 has 30)
• In-built economic calendar
• Faster procession (MT5 uses 64 bit) + Multi-thread backtesting
• Over 80+ technical analysis objects (MT4 has 33)
• Depth of Market (DoM)
• Inbuilt Virtual Private Servers
• MQL 5 EA Language
• Tick Charts

Fusion+ Copy Trading (only available outside Australia)

Fusion recently introduced a copy trading feature called Fusion+ for traders outside Australia. The feature allows you to copy or mirror other fusion clients via their signal or have them copy your own trades.

Fusion+ will appeal to new trading as it allows you to benefit from the success of other successful Fusion Markets traders and also allows successful traders to earn extra income by providing their signals to other traders.

One last useful feature is the ability to copy trades between your own accounts, send signals and manage money without needing to use complicated MAM software.

The signup process to use is really easy. Just access the Fusion+ tab in the Fusion Markets client Hub and send or accept invitations to follow trades so can begin trading.

Fusion+ is free provided you trade at least 2.5 standard lots of forex or precious metals each month. The good thing is Fusion offers over 90 forex pairs and 9 metals so there are plenty of copy trading opportunities. If you don’t meet the minimum trading requirements then the cost will be USD$10 per month.

Strength 4 – Ultra-Fast Execution Speed For Forex 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 sponsored forex VPS hosting services for both MT4 and MT5  so your automated trading strategies stay online 24/7.

To get your sponsored hosting; access the Fusion Hub and sign up for sponsored VPS. Sponsored VPS is available with MT4 VPS (powered by NYC Servers) or MT5 VPS (powered by MetaQuotes), all you need to do is trade at least 20 lots of Forex or Metals in a 30 day period. Fusion Markets will debit your account, to begin with, and if you meet the minimum trading requirement, you will be refunded all the fees.

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)

Strength 5 – Zero Fees For Payment Methods

Another advantage of Fusion Markets is that the broker does not charge brokerage fees on deposits except if transferring from an international bank to an Australian bank (usually USD $20-$30). This means there are no costs to use Visa, Mastercard, or bank wire from an Australian account to another Australian account.

Note* some banks may use intermediary banks which have their own fees, these are fees Fusion Markets have no control over and are no a Fusion Markets fee).

The following funding options are available for all traders

• Visa, MasterCard (credit & debit)
• Skrill
• Neteller
• Fasapay
• Jeton Wallet
• Perfect Money
• Bank wire

Local bank transfer is also available to the following countries or regions: Singapore, Indonesia, the EEA, the Philippines, United Kingdom, Malaysia, Vietnam, and Thailand,

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

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

Funding Speed

Deposits made via Visa or Mastercard will be credited to the clients’ accounts immediately. On the other hand, deposits made via a bank transfer internationally to Australia will appear in 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 Min. Deposit

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.

Clients are allowed to have up to 200 orders (including pending orders) active at any time, while the maximum trade size equals 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 in the screenshot below.

Open a demo account >>Visit Fusion Markets >>

 Strength 8 – Range Of CFD Products

Fusion Markets mostly offer the standard array of financial instruments for trading. Of most interest is:

• $0 brokerage when trading shares (most brokers charge $5-10 per trade)
• The large range of Forex pairs (most brokers offer about 40-70 pairs)
• Some rare cryptos are not common with most competitors (Chainlink, Polkadot, EOS
• The choice of metals such as aluminum, nickel, lead and copper (many only offer Gold, Silver, Palladium)
• Gold and Silver cross pairs – you can trade using USD, EUR, AUD

The CFD products offered include:

• 90+ Forex major, minor and exotic currency pairs
• 8 Cryptocurrencies – Bitcoin, Chainlink, Stella, Polkadot, EOS
• 10 Stock Indices – Major Stock Indices across the globe
• 9 Metals plus 4 gold and 3 silver crosses, Nickel, Lead, Copper, Aluminium
• 3 Energies – West Texas Intermediate (Crude) Oil, Brent Oil and Natural Gas)
• 50+ CFD US Stocks – Stocks from NYSE and NASDAQ ($0 brokerage cost)

Retail traders in Australia will have restricted leverage because of ASIC regulations. Traders that qualify as professional traders or are outside Australia will have a more generous leverage allowance.

Open a demo account >>Visit Fusion Markets >>

Weakness – 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 recognise short-term/long-term trends, how to recognise 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 2 – Not Regulated In Europe or the UK

In Australia, Fusion Markets operated with the trading name Gleneagle Asset Management Limited, (ABN 29 103 162 278) and is licensed and regulated by the Australian Securities Investment Commission (ASIC) to operate financial services using Australian Financial Services License No. 226199.

The above allows Fusion Markets to accept clients within Australia or with Australian bank account.

Clients outside Australia will sign up with a Fusion Markets subsidiary. This entity is Gleneagle Securities Pty Limited (“Fusion Markets EN”) which is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC.

Unfortunately, this does mean traders from Europe will not get ESMA approved regulation such as that provided by regulators in the Europe Economic Zone such as FCA, CySEC or BaFIN. However, Fusion Markets VFSC does closely mimic the regulation of ASIC and it does allow Fusion Market to offer high leverage that would otherwise be permitted.