Fusion Markets Broker Overview

Company Overview

Established in 2007, Australian-based forex and CFD broker Fusion Markets presents a favorable environment for retail brokers. Its focus is to provide a low-cost and transparent trading environment. The hallmark of the operation is very low but favorable spreads, making them one of the tightest spread players in the field. The company has, over time, worked directly under the Australian ASIC, which has seen it very well compliant with all the operational and financial requirements. It has differentiated itself by providing the lowest fees, very fast execution speed, and having a great trading infrastructure, thereby meaning that Fusion can support novice and experienced traders as well.

Fusion Markets is an organization mainly recognized for its operational simplicity and customer-centric services. This broker permits trading on numerous instruments ranging from currency exchanges, commodities, indices, to cryptocurrencies. Both trading facilities are available to the trader in the form of MetaTrader 4 and MetaTrader 5—a very common trading platform amongst millions of traders throughout the world.

Pros and Cons

Pros

• Low trading and non-trading fees
• Fast and easy account opening
• Great customer service

Cons

• Basic educational tools
• Limited product selection
• No investor protection

Security

Fusion Markets takes several measures to ensure the security of its clients' funds and personal information. The broker uses encryption technology to protect client data during online transactions. However, it is important to note that Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC), which provides a high level of regulatory oversight.

Additionally, client funds are held in segregated accounts, ensuring that client funds are kept separate from the company’s operating funds. Traders benefit from the jurisdictional security associated with Australia's regulatory environment.

Tradable Instruments

Fusion Markets provides access to a broad range of tradable instruments, including:

• Forex: Over 50 currency pairs, including major, minor, and exotic pairs.
• Commodities: Popular commodities such as gold, silver, oil, and agricultural products.
• Indices: Trading opportunities on major stock indices like the S&P 500, NASDAQ, and FTSE 100.
• Cryptocurrencies: A select number of cryptocurrency CFDs, including Bitcoin, Ethereum, and Litecoin.
• Stocks: Limited access to stock CFDs from major global companies.

Although the selection of assets is not as extensive as some larger brokers, Fusion Markets offers a well-rounded mix of instruments for traders who wish to focus on key markets.

Account Types

Fusion Markets offers a range of account types to suit traders with varying needs. These include:

Standard Account:

The Standard Account is designed for beginners and retail traders. It has a low minimum deposit requirement and offers access to basic trading tools and competitive spreads. Leverage for the Standard account is generally up to 1:500, depending on the region and asset being traded.

ECN Account:

The ECN account is for more experienced traders who prefer direct market access. It offers tighter spreads starting at 0.0 pips and is suitable for those who prefer faster execution speeds and are willing to pay a small commission on trades. ECN accounts typically require a higher minimum deposit.

Islamic Account:

Fusion Markets offers swap-free Islamic accounts that comply with Shariah law, meaning no interest is charged or paid on overnight positions.

Demo Account:

Fusion Markets provides a free demo account, which allows traders to practice with virtual funds before risking real money. This is ideal for beginners looking to familiarize themselves with the platform and trading strategies.

Fees and Commissions

Fusion Markets operates primarily on a spread-based pricing model, but there may also be additional commissions for certain account types, especially for ECN accounts. Below are some of the common fees associated with Fusion Markets accounts:

Spreads:

Spreads for Standard accounts start from around 1.5 pips on major forex pairs, while ECN accounts can benefit from tighter spreads starting at 0.0 pips.

Commissions:

ECN accounts incur a commission fee of around $4.50 per lot (varies by asset and market conditions).

Overnight Financing (Swap Fees):

Like most brokers, Fusion Markets charges swap fees for holding positions overnight. These fees can vary depending on the asset and the direction of the trade.

Inactivity Fees:

Fusion Markets charges inactivity fees if an account remains dormant for a long period (usually 6 months).

Deposit/Withdrawal Fees:

While there are no deposit fees, some withdrawal methods (such as credit cards or bank transfers) may incur a fee.

Trading Platforms

Fusion Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are among the most popular and widely used trading platforms in the world. These platforms offer a range of features such as:

• Charting Tools: Advanced charting with a variety of technical indicators and drawing tools.
• Automated Trading: The ability to use Expert Advisors (EAs) to automate trades based on pre-set strategies.
• Multiple Timeframes: A variety of timeframes for analyzing market data, ranging from one-minute charts to monthly charts.
• Custom Indicators and Scripts: Traders can install custom indicators and scripts to tailor the platform to their specific needs.

Customer Support

Fusion Markets offers 24/7 customer support via multiple channels, including:

• Live Chat: Immediate assistance available through live chat on the broker's website.
• Email Support: Traders can reach out to Fusion Markets support via email for detailed inquiries.
• Phone Support: International phone support is available, with multilingual support for traders from different regions.
• Help Center: Fusion Markets has a comprehensive knowledge base and FAQ section to address common issues and queries.

Account Opening

Opening an account with Fusion Markets is straightforward:

1. Registration: Traders can fill out an online registration form with basic personal details such as name, email, and phone number.
2. Verification: To comply with international KYC (Know Your Customer) regulations, traders must upload identification documents, such as a passport or national ID, and proof of address.
3. Deposit Funds: Traders can fund their accounts via a variety of methods, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller.
4. Start Trading: Once the account is verified and funded, traders can download the MetaTrader 4 or MetaTrader 5 platform and begin trading.

Deposits and Withdrawals

Fusion Markets offers multiple deposit and withdrawal options, including:

• Deposit Methods: Credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), and cryptocurrency deposits (Bitcoin).
• Withdrawal Methods: Similar to deposit options, with some additional methods like Bitcoin withdrawals.
• Processing Times: Deposits are typically processed instantly, while withdrawals may take up to 3-5 business days, depending on the method.
• Minimum Deposit: The minimum deposit for the Standard account is just $10, making it accessible to a wide range of retail traders.

FAQ