Fusion Markets South Africa 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.