Fusion Markets Review

Regulation - 10/10

FMGP Trading Group PTY LTD, trading as Fusion Markets are regulated by the Australian Securities & investment Commission (ASIC) with AFSL number 000385620.

Fusion Markets is also a member of the Australian Financial Complaints Authority, which helps in dispute resolution.

Fusion Markets Deposits & Withdrawals - 7.7/10

Minimum Deposit

Fusion Markets minimum deposit is $10 across all their account types.

Minimum Withdrawal

Fusion Markets minimum withdrawal is $10 depending on the withdrawal method you choose.

Payment Methods

Withdrawal Time

Fusion Markets withrawals are processed instantly.

Account Types - 6/10

1. Classic Account

This is a spread-only account with zero commissions and a minimum deposit of $10.

2. Zero Account

This account offers lower spread but you must pay a flat commission on evry trade. The minimum deposit is also $10.

3. Swap-Free Accounts (Nonmuslims & Muslims)

Fusion Markets swap-free accounts can be opened by everyone irrespective of religion. You dont pay or receive swaps for the first 7 days of leaving your trade open overnight, but after that you pay a flat commission per night.

Account Management - 9/10

Base Currencies

Fusion Markets has AUD base currency as well as USD, GBP. EUR, JPY, CHF, NOK, DKK, SEK base currencies.

Number of Accounts You Can Open

You can open up to 10 live accounts and 10 demo trading accounts from one personal area.

Margin Call & Stop Out

Margin calls come when your margin level falls to 90% and stop out occurs when your margin level falls to 20%.

Leverage

In Australia leverage cannot exceed 1:30 but outside Australia international clients can access up to 1:500 leverage.

Online Wallet

Fusion Markets provides an online wallet where all your deposits are held and you can perform an internal transfer to move funds from the wallet, to your trading accounts.

Changing Your Account Type

if you opened one type of account, you can request for it to be changed to another type without having to open a new account.

Fees - 8/10

1. Spread & Commission

Spread on the Classic Account starts from 0.9 pips with no commissions.

The Zero Account offers spreads from 0.0 pips but you pay a $2.25 commission per side per standaerd lot.

The Swap-Free Accounts have spreads starting from 1.4 pips with zero commissions.

See below the average spreads on popular instrumets on the Classic Account.

2. Overnight Fees

Fusion Markets has swap-free accounts for both muslims and nonmuslims.

If you choose to open a swap-free account you will not pay any swaps on overnight positions for 7 days. After 7 days, you will pay a flat admin fee per trade.

The admin fee varies depending on the currency pair. EUR/USD has a $50 per standard lot admin fee, AUD/USD is $30. USD/JPY is $150 etc.

3. Withdrawal Fees

Fusion Markets does not charge withdrawal fees.

4. Inactivity Fees

Fusion Markets does not charge inactivity fees.

Range of Markets - 6.5/10

1. Forex CFDs

You can trade 40+ currency pairs incuding AUD/USD, AUD/CAD, AUD/JPY etc.

2. Metal CFDs

Over 12 Metal pairs can be traded and these incude XAU/USD, XAU/AUD, XAG/USD etc.

3. Index CFDs

Around 14+ indices CFDs can be traded including NAS100 & AUS200.

4. Energy & Soft Commodity CFDs

3 Energy CFDs (UK Oil, US Oil, NAT GAS), and 10+ Soft/Agricultural c Commodities are available for trading.

5. Crypto CFDs

10+ Crypto CFDs including Bitcoin, Ethereum, DogeCoin, Solana etc.

6. US Stock CFDs

Only around 70+ US Stock CFDs are on offer and their product catalogue lacks Stock CFDs from other major countries.

Platforms - 7/10

MT4 & MT5

Fusion Markets provides the mobile, web & desktop versions of the MT4 & MT5 platforms.

cTrader

The modern and more sophisticated cTrader platform is also available in mobile, desktop & web versions.

TradingView

Fusion Markets is a TradingView broker so you can logon to TradingView using your Fusion Markets account login details and trade from TradingView charts.

Tools - 7/10

1. Calculators

Various calculators are available such as Margin Calculator, Pip Value Calculator, Profit/Loss Calculator & Swap Calculator.

2. Economic Calendar

Fusion Markets has their own economic calendar to tell you when important news events such as NFP, CPI etc. will be coming up.

3. Spread Tool

This tool shows you past/historical spread for any instrument and is useful for backtesting.

4. Copy Trading

Fusion Markets has copy trading, so you can either copy strategies of more experienced traders, or you let others copy your strategies for a fee.

Customer Support - 7/10

Live Chat

You can reach Fusion Markets 24/7 via live chat and they respond under 1 minute. The agents are very knowledgeable and polite.

2. Email & Telephone

They have a dedicated email address for complaints which they respond to under 2 hours. There is also an Australian telephonenumber you can call for help.

Final Verdict - 7.6/10

Fusion Markets is one of the best forex brokers in Australia for experienced traders.

the absence of beginner education and a cent account does not make them ideal for learners.