2024 Review of Forex Broker Fusion Markets: A Comprehensive Guide

Fusion Markets homepage

There are several brokerage companies in the financial trading industry, especially the forex sector. As the industry expands, keeping up with features and changes in markets becomes quite challenging.

Fusion Markets, a financial market trader, makes this easier by offering various brokerage services to its users.

It’s a great platform. But the real question is: what category of trader is Fusion Markets best suited for – newbie, intermediate, or expert brokers?

Fusion Markets earns a TB (Trading.Biz) evaluation score of 5.8 after being carefully reviewed across multiple parameters.

In this article, I will answer that question by going over the various financial services and features offered by this broker. After reading this, you’ll have all the knowledge you need to make an informed decision.

Pros and Cons

Pros

• Excellent customer support
• Intuitive design
• Licensed by three regulatory authorities (ASIC, VFSC, and FSA)
• Over 250 trading instruments across various asset classes (Forex, Indices, Energies and Soft Commodities, Cryptocurrency, Metals, US Shares, and CFDs)
• Supports multiple trading platforms and terminals (MetaTrader4, MetaTrader5, and cTrader)
• Straightforward signup process

Cons

• Educational materials don’t focus on teaching traders how the markets work
• Limited language options
• Fusion Markets serves multiple countries, but is primarily focused on Australian clients

Evaluating the highly impacting factors

Consider Trading with Fusion Markets If

• You’re looking for a broker that lets you explore alternatives for earnings – Fusion Market’s Multi-Account Manager (PAMM) gives you that.
• You want to access unique tools to aid your trading, including Sentiments to see what other traders think about an instrument and their confidence index.
• You’re looking for a broker that supports multiple trading tools, such as MetaTrader, TradingView, cTrader, and Analyst Views.

Don’t Trade with Fusion Markets If

• You’re a beginner trader looking for a platform that educates you on specific forex terminology as you go, especially how to avoid liquidation and ensure profitability.
• You want to use bonus funds to trade – Fusion Market offers limited use of the bonus funds.

Verified Office Addresses

Verified office addresses of Fusion Markets

Fusion Markets has three verified addresses:

• Melbourne HQ: Level 10/627 Chapel St, South Yarra VIC 3141, Australia.
• Vanuatu Office: Govant Building, BP 1276, Port Vila, Vanuatu.
• Seychelles Office: CT House, Office 9A, Providence, Mahe, Seychelles.

Regulation and Security

I dug through the regulatory, licensing, documentation, and security aspects of Fusion Markets. Here’s what you can expect regarding the platform’s regulatory compliance and security measures.

List of regulatory licenses for Fusion Markets 

Regulations

Three major financial bodies regulate Fusion Markets:

• In Australia, it is known as FMGP Trading Group Pty Ltd and holds an Australian Financial Services Licence (registration number 385620) – this entity is regulated by the Australian Securities and Investment Commission (ASIC)
• In Seychelles, it operates as Fusion Markets International Ltd with a license from the Financial Services Authority (registration number SD096)
• In Vanuatu, it trades under Gleneagle Securities Pty Limited, regulated by the Vanuatu Financial Services Commission (company registration number 40256)

Fusion Markets also claims to keep their users’ funds segregated from operational funds in tier-one banks. These banks include HSBC, a British multinational investment bank and financial services holding company, and the National Australia Bank (NAB).

The vital documentation I found varies based on the financial body under which the platform is registered. You can access documents such as the financial services guide, product disclosure statement, hedging counterparty policy, and refund and return policy.

Security

Fusion Market has many security measures, including two-factor authentication, “2FA.” To apply it, simply sign in to your client hub, locate the part tagged 2FA, and follow the instructions.

Other, more robust verification systems are available to help block alt accounts, VPNs, and proxies to prevent fraudulent activities.

Expert Opinions of Fusion Markets

Expert opinion of Fusion Markets from Enda Trading

According to Compared Forex Broker, “Fusion Markets focuses on four core parts of the business: spreads, customer service, speed of execution, and stability. This holistic focus ensures the lowest costs, high-quality support, fast execution speeds, and platform stability.

Despite limiting their platform offerings to MetaTrader 4 and MetaTrader 5, with plans to expand, Fusion Markets effectively gives traders what they want by focusing on these core areas.”

Expert opinion of Fusion Markets from Comapred Forex Broker

Enda Trading notes that “Phil Horner founded Fusion Markets to make access to global forex markets easy, fast, and much cheaper than other brokers. The company is built on reducing the cost of forex, CFDs, and other financial products, offering friendly and excellent support, using cutting-edge technology to improve trading, and always doing the right thing for its clients.”

They also state that “Fusion Markets is honored to serve clients worldwide as a broker with the lowest commission, tight spreads, and excellent customer service, which sets them apart. They provide trading in more than 90 currency pairings, leveraging up to 500:1, tight spreads with no dealing desk execution, and access 24 hours a day, five days a week. Regulated by ASIC and VFSC, they ensure client confidence by segregating client funds in trust accounts with reputable financial institutions.”

Expert Review of Fusion Markets

I find Fusion Markets to be a highly versatile broker that caters to traders at all levels of experience.

However, opting for Fusion Markets does mean you’ll have to be proactive about learning the ins and outs of trading, but it’s a worthwhile endeavor.

Their Australian regulatory licenses really highlight their reliability, which is something all users can appreciate. I’ve never had any concerns about their legitimacy.

The signup process is straightforward but requires a hands-on, manual effort to input information step by step. I found the verification process to be as simple as it is on most trading platforms. Also, there are multiple options for processing deposits and withdrawals, which really enhances the overall experience.

Signup and Verification Process with Fusion Markets

When I navigated to the signup page, I could sign up manually by providing my email, setting up a strong password, and agreeing to the terms and conditions. You can also sign up automatically with a Google or Apple account.

Signup page of Fusion Markets.

I had to complete my profile setup to verify my Fusion Markets account. This involved providing key details such as my first and last name, date of birth, address, city, and zip code. Then, I had to submit a government-issued form of identification, such as a driver’s license or passport.

Fusion Markets verification page

Fusion Markets Dashboard

Fusion Markets dashboard

The dashboard has several useful features. I could readily toggle between my live and demo accounts and access the Wallet feature to complete deposits, transfers, and withdrawals.

The dashboard also gave me access to several valuable tools that improved my trading experience. One is the Virtual Private Server (VPS), which simplifies automating my trading processes with an Expert Advisor (EA). This setup allows me to benefit from automated trading around the clock.

The VPS is accessible upon request and with a $15 fee. However, that amount will be refunded if you trade 20 lots of forex or metals within 30 days.

The trading calculators are a nice feature, too. When I first started trading forex, I had to rely on third-party calculators to calculate take profit and stop loss, which took a lot of work. With Fusion Markets, I can easily calculate pip values, margins, swap rates, and profit and loss directly on the platform, which simplifies my trading process tremendously.

Trading Insights is another feature I genuinely appreciate. It gives me access to an analyst’s view of different assets on the platform.

There’s also Technical Insight, where I can see expert technical analysis on several instruments. These insights and tools greatly enhance my trading decisions and overall strategy.

Deposits and Withdrawals

Depositing and withdrawing funds should be straightforward for all users. On Fusion Markets, this process could be a bit more seamless.

First, depositing or withdrawing requires that my account be verified.

Also, the specific methods available for depositing and withdrawing funds are not clearly outlined on the website. This is an area for improvement.

Available funding methods on Fusion Markets

Depositing Funds

There are no minimum deposit requirements on Fusion Markets, and no cap on the maximum deposit amount.

However, Mastercard or Visa deposits have a maximum limit of AUD 25,000 per transaction. I didn’t incur any fee for depositing, but transferring from an international bank into Fusion Markets’ Australian account would incur a $20 to $30 charge.

The available deposit methods include Visa, MasterCard (credit and debit cards), PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, various cryptocurrencies, and bank wire transfers.

Additionally, you can use local banks for deposits if you are located in certain countries, such as the Philippines, Thailand, Malaysia, Indonesia, Vietnam, South Korea, Chile, Peru, Ecuador, Costa Rica, Mexico, and Colombia.

Deposits are instant if you’re using a credit or debit card, but local bank transfers can take up to 5 business days to process (though typically only 2 to 3 days).

Withdrawing Funds

There are five methods for withdrawal: bank wire, credit or debit card, Skrill, and Neteller.

The processing time for withdrawals varies. Credit and debit card withdrawals take 1 to 5 business days, depending on the card provider. Bank wires are slightly slower – around 2 to 5 business days.

The name on the account used for withdrawals or deposits must match precisely with the name used to register your Fusion Markets account. This is a part of the broader anti-money laundering (AML) regulations.

Trading Conditions for Fusion Market

Trading Conditions for Fusion Markets

• 250+ asset classes available
• Maximum leverage of 1:500
• $2.25 commission per lot, per side
• $0 inactivity fee
• Rapid market execution with minimal requotes
• No negative balance protection for Fusion Pro, Fusion VFSC, or FSA clients
• Negative balance protection for retail clients with 1:30 leverage

Conversation with customer support regarding negative balance protection

• $0 minimum deposit.
• Spreads vary across all instruments, but major instruments like EUR/USD, GBP/USD, and AUD/USD have a 0.0 spread.

How to Start Trading with Fusion Markets

How to Start Trading With Fusion Market

To get started trading on Fusion Markets, follow these simple steps:

1. Visit the official website and sign up
2. Learn about the policies and trading features
3. Download the trading terminal of your choice (cTrader, MT4, or MT5)
4. Connect your trading terminal with Fusion Markets
5. Start analyzing the assets or instruments of your choice

Useful Trading Tools on Fusion Markets

Fusion Markets also offers some important trading tools for traders: Multi-Account Manager (MAM/PMAM), MyFxbook AutoTrade, and DupliTrade.

DupliTrade on Fusion Markets

Multi Account Manager (MAM/PAMM)

Tailored for traders managing multiple accounts, MAM/PAMM offers a low-cost solution customized to user needs.

Key features include flexibility in order types, trading with any size, and full utilization of expert advisors.

DupliTrade

DupliTrade allows traders to copy the trades of vetted, successful traders. When you copy trade on this application, the actions are directly reflected in your Fusion Markets account.

DupliTrade is well-regarded for its consistently positive client reviews and great customer service.

MyFxbook AutoTrade

Fusion Markets also gives its users access to MyFxbook AutoTrade. Unfortunately, there isn’t much information about it on the platform.

Investment Opportunities with Fusion Markets

Investment opportunities with Fusion Markets

As a Fusion Markets user, you can benefit from engaging with different assets and instruments.

The best way to tap into this investment opportunity is through the platform’s copy trading feature, which allows you to duplicate trades of other traders effortlessly.

Think of this as investing on autopilot. Once you’ve selected the range of instruments and found a successful trader to follow, you can trade with minimal action.

This is a simple, accessible, hands-off way to invest and earn. It’s one of the features I highly recommend.

Fusion Markets Affiliate Program

Affiliate program page on Fusion Markets

The Fusion Markets affiliate program is categorized into two earning methods: one-off fees and cost-per-acquisition (CPA).

Like other brokers, it targets many promoters, including websites, blogs, media buyers, and email marketers.

The payment structure within the affiliate program is fixed.

As a Fusion Markets affiliate, you will have access to a personalized affiliate portal, marketing resources like banners and widgets, a personal account manager, and significant earning potential.

To get started, simply sign up for the affiliate program, receive your unique link, share it with your audience, and start earning.

The signup process will ask you a number of questions. Not only your personal details (like name, email, and phone number), but how you plan to use the affiliate account: the region from which you expect your clients to come, the number of clients you have, and your strategy for acquiring new clients.

Signup page for the Fusion Markets affiliate program.

The Fusion Markets affiliate program is decent, but there are better options out there.

Conclusion

Fusion Markets is a compelling choice for traders at all levels. The platform is well-designed and user-friendly, supporting over 250+ instruments, and is regulated by reputable authorities in multiple jurisdictions.

The major drawback is the limited amount of educational materials the platform provides. Beginners will need to get their information and insights elsewhere.

Overall, however, Fusion Markets stands as a top-tier platform in the industry.

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