ASIC
VFSC
FSAOverview
Fusion Markets was launched in 2019 with a mission to make trading affordable and accessible. The company’s philosophy, as espoused by CEO and Founder Phil Horner, is focused on making trading as cheap as possible for clients.
Fusion Markets runs three entities that are regulated by the Vanuatu Financial Services Commission, Financial Services Authority of Seychelles, and the Australian Securities and Investment Commission. Although the broker maintains segregated client funds, it does not provide a guarantee for negative balance protection for clients outside of Australia.
The broker is focused purely on the CFD market and provides access to CFDs on FX, indices, commodities, cryptocurrencies, and US stocks. Traders can trade with the broker using MetaTrader 4, MetaTrader 5, and cTrader. Traders can also access TradingView by using the broker’s cTrader platform.
Fusion is a good broker if you’re purely looking for low FX fees, with the broker’s spreads and commissions for currencies among the most competitive in the trading industry. But this comes at a cost. Except for Aussie customers, all clients trade with Fusion Markets via offshore entities – meaning you do not get the same level of protection you would with other brands.
Pros & Cons
- Extremely low FX spreads
- ASIC-regulated
- Good mix of trading platforms
- Very limited product range
- Mainly operates via offshore regulations
- Spreads outside of FX are not amazing
Trust
When it comes to trust, we think Fusion Markets presents a slightly mixed picture.
On the one hand, the company’s site provides clear details about regulations and fund segregation, and CEO Phil Horner is named prominently.
To date, the broker has maintained a clean track record without any major regulatory scandals or fraud allegations.
The main downside for the firm on the trust front is that, apart from Australia, traders must onboard with offshore entities in Vanuatu and the Seychelles. These regulators provide less protections than tier-1 regulators in other jurisdictions.
Transparent and experienced ownership structure
Fusion Markets was established by CFD trading executives Phil Horner and David Swinden, both of whom previously held executive positions at brokerage group Pepperstone.
Horner served as the broker’s APAC CEO and General Manager. Swinden was an Operations Manager and Chair of the Risk Committee at the company.
Having executives with successful backgrounds at tier-1 firms as part of the company, who are also open about the roles they play at the firm, is definitely an advantage and should provide some reassurance to traders.
Regulation
Fusion Markets’s ASIC regulation in Australia, is a strong trust anchor. This means the firm must comply with rigorous standards for segregation of client funds, reporting, and operational conduct.
For global clients, operations fall under Gleneagle Securities Pty Ltd, registered in Vanuatu and Seychelles, which are offshore. This means traders outside Australia do not benefit from the same level of oversight or protections as Australian clients do.
The ASIC license is a clear strong point for Aussies, but international traders might want more onshore options for safety.
Account Opening
Fusion Markets keeps signing up simple and straightforward: clients are required to just fill in their personal details online (this literally takes a few minutes), and complete the KYC verification.
Most users get their account approved within an hour if their documents are in order. Once they receive approval, they can fund their accounts and start trading right away. We believe it’s a significant advantage that the broker does not require a minimum deposit.
At Fusion Markets, you can find two main account types designed to cater to different trading styles. However, both accounts provide access to the same list of products and platforms.
Zero Account
Fusion Markets’ most popular offering is Zero Account which gives you direct market pricing without any markup. This “raw spread” account is ideal for active traders, scalpers, and those using Expert Advisors. Traders can access the account from MT4, MT5, and cTrader platforms. TradingView is also accessible via the cTrader platform.
Zero Account Key Features
Classic Account
Fusion’s Classic account is ideal for traders who want a simple and stress-free experience. There are no separate commission charges. Instead, the cost of the trade is built directly into the spread.
We think this account is best for beginners or low-volume traders who don’t want to deal with manual fee calculations. One small downside is that TradingView and cTrader are only available on the Zero account, not the Classic one.
Classic Account Key Features
Islamic Account
Fusion’s Islamic, or swap-free accounts cater to traders who have religious beliefs that prohibit them from receiving or paying overnight swaps. Traders can easily access more than 50 of the world’s most popular assets with the broker’s no-interest, swap-free accounts. In other words, they work the same as Classic or Zero accounts, just without swaps. You can find more information about swap-free accounts here.
Products
Fusion Markets offers over 250 CFD instruments, including currency pairs, commodities, stocks, indices, and cryptocurrencies.
This is one area where Fusion Markets is limited compared to other brokers. Although the broker offers the popular instruments that most traders want, there isn’t much more than that. So if you’re looking for the bare bones, popular instruments, it’s ok. If you’re looking for anything more than that, Fusion isn’t going to be a good choice for you.
Unlike some other brokers that also let you buy and hold real stocks, ETFs, or bonds, Fusion Markets’ offering is also entirely focused on CFD instruments. This means traders can only speculate on price movements.
This is obviously fine if you’re purely looking to trade but means the broker won’t work for you if you’re looking to access a broader set of investment products.
Asset Class Overview
Deposits and withdrawals
One of the standout features of Fusion Markets is their commitment to “fee-free” funding. It is a big plus that they do not charge any internal fees for deposits or withdrawals, though your bank or payment provider might charge an intermediary fee.
Due to various payment methods with Fusion Markets, you can make deposits and withdraw your funds hassle-free. Options such as Visa/Mastercard, Neteller, Paypal, Bank Wire Transfers, Skrill, BinancePay, and SticPay make the account funding process simple.
How long do deposits take?
There are many ways you can deposit money to your Fusion Markets account, including bank cards, e-wallets, bank wire, and even crypto. Processing time may vary from instant to 1-5 business days, depending on the payment method.
To avoid delays and ensure funds are processed correctly, traders should include their reference number when making a deposit. This allows the funds to be accurately matched to the correct trading account.
The reference number can be found in the initial funding instruction email or by logging into the secure Client Portal, where it is clearly displayed.
Deposit Methods
How long do withdrawals take?
Fusion Markets is known for fast processing of withdrawal requests. Any requests made before 11 AM AEDT are often processed the same day. Many users report receiving PayPal or E-wallet withdrawals in less than 5 hours.
Users must be aware that the stated withdrawal amount takes into account any fees charged by intermediary banks, which may influence the total amount they receive upon withdrawal.
Withdrawal Methods
Fees
The primary costs associated with trading at Fusion Markets include swaps, spreads, and commissions. They can vary based on the type of account you choose and the specific asset you are trading.
Fusion Markets positions itself as a low-cost broker and the broker does offer spreads that are often among the best you’ll get in the online trading industry. However, this tends to be concentrated in currency trading, rather than other markets – like gold or index products – where the broker is less competitive on pricing.
Swaps
Overnight fees – often called swaps or swap fees – are the interest charges you pay for keeping a position open after the market closes for the day. Trading CFDs usually involves leverage, and brokers apply interest on that borrowed amount.
We recommend that all traders keep an eye on these fees, because they can significantly impact your profits if you hold onto trades for several days or even weeks. With Fusion Markets you can easily check the live swap rates right in your MetaTrader, cTrader, or TradingView terminal before you make any trades.
Commissions
Depending on the account type, Fusion Markets’s clients are offered two main pricing models:
- Classic Account – This account uses spread-only pricing, and typical spreads here start from 0.9 pips. All trading costs are built into the spreads, with no separate commission, which can be simpler for beginners or casual traders.
- Zero Account – This model has raw, ultra-tight spreads from 0.0 pips combined with a fixed commission of approximately $4.50 per standard lot round turn (about $2.25 per side). We believe that the low commission on Fusion Markets’ Zero Account is a big advantage for high-frequency traders and scalpers because it can really help cut down on overall trading costs compared to brokers that charge $6–$7 or even more per lot.
Trading & Non-Trading Fees
Spreads
At Fusion Markets, the main cost traders encounter is the spread, which is simply the difference between the buying and selling (bid and ask) prices. They offer some of the tightest spreads around, particularly on their Zero Account.
Many brokers typically balance low spreads with commissions to stay competitive, and we believe Fusion has found the right balance while maintaining a trustworthy approach and keeping their spread rates quite competitive. This might be one of the main reasons why many traders opt for Fusion Markets when looking for a low-cost broker.
Forex spreads
Fusion is most competitive on its FX pair spreads. Even adding in commissions, Fusion regularly offers the best pricing that you will get in the market.
Fusion Markets FX Spreads
Commodities spreads
Fusion offers the core commodities products, like oil, gold, and natural gas. Their spreads are competitive but not as strong as some other providers in the trading industry.
Fusion Markets Commodity Spreads
Index spreads
Like commodities, Fusion Markets offers the core index products that most investors want to trade. Their index spreads are competitive but not as good as their currency offering.
Fusion Markets Index Spreads
Crypto spreads
Crypto enthusiasts can also benefit from low spread rates and $0 commissions with Fusion Markets when trading CFDs on popular cryptocurrency pairs 24/7. You can place these trades using MetaTrader 4, MetaTrader 5, cTrader, or by connecting your account to TradingView.
Fusion Markets Crypto Spreads
Platforms
Fusion Markets supports all of the major trading platforms that traders worldwide expect: MT4 / MT5, cTrader, and TradingView. Users should be aware that TradingView is only available via cTrader.
The broker also has its own copy trading platform called Fusion+. which traders can use to automatically replicate the trades of others or have their own trades mirrored by followers. This way, users can become certified Money Managers at Fusion Markets and share a unique link so that clients or friends can follow their trades.
The copy service is free as long as both the Money Manager and the follower trade a minimum of 2.5 lots of FX or metals each month. If for some reason that trading volume isn’t reached, a $10 monthly hosting fee occurs. Money Managers also can charge performance fees of up to 30% for their followers.
Trading Platform Comparison
Final Thoughts
We believe that Fusion Markets is a good option for active forex and CFD traders due to the broker’s low costs, narrow spreads, commission structure, and reliable platform support. Its ASIC regulation provides an extra layer of credibility and trust for Australian clients.
The main downsides for the firm are a lack of solid regulation for global clients and a limited product set. If you are a pure trader looking to get the most popular CFD products at very affordable prices, and are comfortable trading with an offshore broker, then Fusion Markets will be a good option for you.
But if you want a broader set of assets to trade or invest in, as well as the peace of mind that comes with a well-regulated broker, then Fusion Markets is not for you.
FAQ
