Find your broker
fusion-markets-review

Fusion Markets Review 2023

  • 9

  • Best online broker
Visit broker

Fusion Markets review summary

Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker

74-89% of retail CFD accounts lose money

  • Lowest spread forex broker
  • Best broker for MetaTrader

We selected Fusion Markets as Lowest spread forex broker and Best broker for MetaTrader for 2023, based on an in-depth analysis of 100+ online brokers that included testing their live accounts. Check out the complete list of winners.

Fusion Markets is available in Pakistan

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets pros and cons

Fusion Markets has low trading and non-trading fees and the account opening is easy and fast. The broker operates a great customer service that provides fast and relevant answers.

On the negative side, educational tools consist only of a demo account, there are no videos or articles. The product portfolio includes only forex, CFDs and crypto. Lastly, there is no investor protection.

Pros Cons
• Low trading and non-trading fees • Basic educational tools
• Fast and easy account opening • Limited product selection
• Great customer service • No investor protection
Compare To Other Brokers
Fusion Markets main features and highlights
🗺️ Country of regulationAustralia, Vanuatu
💰 Trading fees classLow
💰 Inactivity fee chargedNo
💰 Withdrawal fee amount$0
💰 Minimum deposit$0
🕖 Time to open an account1 day
💳 Deposit with bank cardAvailable
👛 Depositing with electronic walletAvailable
💱 Number of base currencies supported8
🎮 Demo account providedYes
🛍️ Products offeredForex, CFD, Crypto
Our overall TD Ameritrade Review rating
  • 9

  • Fees
    9
  • Account opening
    10
  • Deposit and withdrawal
    8.6
  • WebTrading platform
    7.6
  • Mobile trading platform
    9.6
  • Markets and products
    4.2
  • Research
    6
  • Customer service
    9
  • Education
    4
COMPARE TO BEST ALTERNATIVE
VISIT BROKER

74-89% of retail CFD accounts lose money

Fusion Markets review

Fees

Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.

Pros Cons
• Low forex and CFD fees None
• No withdrawal and inactivity fees
Fusion Markets fees snapshot
AssetsFee levelFee terms
EURUSDLowZERO account: $2.25 commission per lot per trade plus spread cost. 0 pips is the average spread cost
during peak trading hours.
GBPUSDLowZERO account: $2.25 commission per lot per trade plus spread cost. 0.2 pips is the average spread
cost during peak trading hours.
S&P 500 CFDLowThe fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity feeLowNo inactivity fee

Fusion Markets offers different account types with different pricing structures. We tested the ZERO account fees.

We also compared Fusion Markets’s fees with those of two similar brokers we selected, IC Markets and Pepperstone. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Fusion Markets alternatives.

Forex fees

Fusion Markets forex fees are low. Fusion Markets charges one of the lowest FX commissions on the market.

Fusion Markets forex fees
 Fusion MarketsIC MarketsPepperstone
Forex fee class Low Low Low
FX commission per lot $2.25 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread 0.0 0.0 0.8
GBPUSD spread 0.2 0.0 0.4
AUDUSD spread 0.0 0.0 0.2
EURCHF spread 0.6 0.0 0.7
EURGBP spread 0.3 0.0 0.4

Stock index CFD and stock CFD fees

 

Fusion Markets has low CFD trading fees.

Fusion Markets stock index CFD and stock CFD
 Fusion MarketsIC MarketsPepperstone
CFD fee class Low Low Low
S&P 500 CFD spread 0.4 0.2 0.4
Europe 50 CFD spread 0.7 1.6 1.5

Apple CFD fee

($2k trade with 5x leverage & 1 week holding period)

 $3.3 $1.8 $3.0

Vodafone CFD fee

($2k trade with 5x leverage & 1 week holding period)

 – $6.0 $22.6

Non-trading fees

Fusion Markets has low non-trading fees. There are no account, inactivity, or deposit fees.

Fusion Markets non-trading fees
Fusion Markets IC Markets Pepperstone
Account fee No No No
Inactivity fee No No No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

How we ranked fees

We ranked Fusion Markets’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. Let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
Fusion Markets review

Account opening

The account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.

Pros Cons
• Fast None
• Fully digital
• No minimum deposit
Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets accept clients from all around the world, with some notable exceptions such as the US and New Zealand.

What is the minimum deposit at Fusion Markets?

The required Fusion Markets minimum deposit is $0.

Account types

You can choose from two account types that differ in their pricing:

  • Classic account – fees are built into the spreads and no commission is charged
  • ZERO account – there are tighter spreads but a commission is charged

Fusion Markets also offers corporate accounts.

How to open your account

The Fusion Markets account opening is easy and fully digital. The online application takes roughly 10-15 minutes – in our case, the account was approved on the same day.

Follow these 5 steps to open your Fusion Markets account:

  1. Add your email address and create a password.
  2. Log in to the client portal interface and go to ‘Profile’.
  3. Add your personal details, like date of birth and residency.
  4. Select the account type, leverage size, and set a security question.
  5. Verify your identity and residency by uploading a copy of your passport / ID / driver’s license and a bank statement or utility bill.

Fusion Markets review – Account opening

Our best alternatives to Fusion Markets are:

The highest ranking competitors are:

  1. IC Markets full review
  2. Pepperstone full review
  3. Axi full review
  4. TMGM full review
Fusion Markets review

Deposit and withdrawal

At Fusion Markets, most withdrawals are free and you can use bank transfer, credit/debit cards and electronic wallets to add funds. However, you can’t open an account in minor currencies.

Pros Cons
• Credit/Debit card available • No minor account currencies accepted
• Free withdrawal
• No deposit fee

Account base currencies

At Fusion Markets, you can choose from 8 base currencies.

Fusion Markets available base currencies
USDEURGBP
AUDJPYSGD
THBCAD
Base currencies at Fusion Markets vs similar brokers
 Fusion MarketsIC MarketsPepperstone
Number of base currencies8109

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare Digital Banks

Deposit fees and options

Fusion Markets charges no deposit fees. Besides bank transfer, you can also use credit/debit cards for depositing funds, as well as electronic wallets like Neteller, PerfectMoney, Jaton, PayPal, Mifinity

Fusion Markets deposit options
Fusion Markets IC Markets Pepperstone
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

We tested the depositing process and found that a bank transfer may take several business days while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

Fusion Markets review – Deposit and withdrawal – Deposit

Fusion Markets withdrawal fees and options

At Fusion Markets, withdrawal is free with credit/debit cards, electronic wallets and bank transfers to Australian bank accounts. The fee for withdrawing funds via international bank transfer is quite high at AUD 20. 

Fusion Markets withdrawal fees and options
Fusion Markets IC Markets Pepperstone
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee $0 $0 $0

For credit/debit cards, the withdrawal amount cannot exceed the amount you have deposited. This means that profits from your trading activity can only be withdrawn by bank transfer. 

The minimum withdrawal amount is $35. 

How long does it take to withdraw money from Fusion Markets? We tested the debit card withdrawal and it took more than 3 business days.

How do you withdraw money from Fusion Markets? Follow these steps to withdraw funds:

  • Log in to the client portal
  • Go to ‘Payments’
  • Select ‘Withdrawal’
  • Enter the withdrawal amount and select the withdrawal method
  • Initiate the withdrawal
Fusion Markets review

Web trading platform

The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.

Pros Cons
• Clear fee report • No two-step (safer) login
• Good customizability (for charts, workspace) • No price alerts
• Order confirmation • Poor design
Fusion Markets platforms to choose from
Trading platformScoreAvailable
Web
2.8
stars
Yes
Mobile
3.8
stars
Yes
Desktop
3.4
stars
Yes

Fusion Markets does not have its own proprietary trading platform, it uses MetaTrader 4, a third-party platform.

MetaTrader 4 is available in an exceptionally large number of languages

Fusion Markets available languages
ArabicBulgarianChineseCroatianCzech
DanishDutchEnglishEstonianFinnish
FrenchGermanGreekHebrewHindi
HungarianIndonesianItalianJapaneseKorean
LatvianLithuanianMalayMongolianPersian
PolishPortugueseRomanianRussianSerbian
SlovakSlovenianSpanishSwedishTajik
ThaiTraditional ChineseTurkishUkrainianUzbek
Vietnamese

Look and feel

The Fusion Markets web trading platform has great customizability. You can easily change the size and the position of the tabs.

However, the design of the platform feels outdated and some features are hard to find. For example, it took some time to figure out how to add an asset to the watchlist.

Fusion Markets review – Web trading platform – Search

Login and security

Fusion Markets provides only a one-step login. A two-step authentication would be more secure.

Search functions

The search functions are OK. You can find the assets in categories. However, we missed the usual search function where you can type in the asset’s name manually.

Fusion Markets review – Web trading platform – Search

Placing orders

You can use basic order types, but will not find more sophisticated ones like ‘one-cancels-the-other’. The following order types are available:

  • Market
  • Limit
  • Stop

If you are not familiar with order types, read this overview.

There are also order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til time (GTT)

Fusion Markets review – Web trading platform – Order panel

Alerts and notifications

You can’t set alerts and notifications on the Fusion Markets web trading platform. This feature is available only on the desktop trading platform.

Portfolio and fee reports

Fusion Markets has clear portfolio and fee reports. It is easy to find your profit-loss balance and the commissions you paid under the ‘History’ tab. We didn’t find a way to download them.

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets review

Mobile trading platform

Fusion Markets has a great mobile trading platform offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function. However, it lacks a safe login.

Pros Cons
• User-friendly • No two-step (safer) login
• Good search function • No Touch/Face ID login
• Price alerts

Similarly to the web trading platform, Fusion Markets offers MetaTrader 4 as a mobile trading platform. MetaTrader 4 is available for both iOS and Android. We tested it on Android.

After you download the MT4 mobile trading platform, you have to access the FusionMarkets-Live server. 

You can choose from a lot of languages on the mobile trading platform, too. Changing the language is a bit tricky on Android devices: you have to change the default language of your mobile.

Fusion Markets available languages
ArabicChinese (Simplified)Chinese (Traditional)CzechEnglish
FrenchGermanGreekHindiIndonesian
ItalianJapaneseKoreanPolishPortuguese
Portuguese (Brazil)RussianSpanishThaiTurkish
UkrainianVietnamese

Look and feel

Fusion Markets has a great mobile trading platform, we really liked its design and user-friendliness. You will easily find all the features.

Fusion Markets review – Mobile trading platform

Login and security

Similarly to the web trading platform, Fusion Markets provides only a one-step login. A two-step login would be safer.

You can’t use fingerprint or Face ID authentication, which is a shame because these features are highly convenient.

Search functions

The search functions are good. You can search by typing the name of the product or by navigating the category folders.

Fusion Markets review – Mobile trading platform – Search

Placing orders

You can use the same order types and order time limits as the ones on the web trading platform. 

Fusion Markets review – Mobile trading platform – Order panel

Alerts and notifications

You can set alerts and notifications, although only via the desktop trading platform. Enabling these notifications on the mobile trading platform itself would add to user convenience.

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets review

Desktop trading platform

In design and functionality, Fusion Markets’s MetaTrader 4 desktop platform is almost the same as the web trading platform. A major difference is that you can set price alerts here.

Pros Cons
• Clear fee report • No two-step (safer) login
• Good customizability (for charts, workspace) • Poor design
• Price alerts

Fusion Markets offers MetaTrader 4 as a desktop trading platform.

It has the same design, is available in the same languages, offers the same order types plus Trailing Stop, and has the same search functions as the web trading platform. The portfolio and fee reports are clear as well, and you can download them if you right click on the History tab and select “Save as detailed report.”

The major difference is that here you can set alerts and notifications in the form of mobile push and email notifications. To do so, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings), by going to the ‘Tools’ menu and then ‘Options’.

Fusion Markets review – Desktop trading platform

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets review

Markets and products

Fusion Markets offers many currency pairs and some CFDs. On the other hand, a lot of popular asset classes, such as real stocks, ETFs and funds, are not available.

Fusion Markets is a forex broker that also provides some CFDs. To learn more about CFDs read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fusion Markets’ currency pair selection is great, one of the most extensive among forex brokers. You can also trade cryptos, stock index CFDs, commodity CFDs and stock CFDs. However, ETF and bond CFDs are not available.

Fusion Markets product selection
Fusion Markets IC Markets Pepperstone
Currency pairs (#) 85 61 62
Stock index CFDs (#) 18 25 25
Stock CFDs (#) 110 2,100 1,400
ETF CFDs (#) – 40 110
Commodity CFDs (#) 25 22 32
Bond CFDs (#) – 10 –
Cryptos (#) 14 23 21

Stock CFDs are available only on the MetaTrader 5 platform.

You can change leverage levels at Fusion Markets, which is great. Changing the leverage is a very useful feature if you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels are very high.

Social trading

Fusion Markets offers a social trading service. Their copy trading platform is called Fusion+. This service is free of charge if you and your follower account trade at least 2.5 lots of FX/Metals per month. If this isn’t the case, and the follower trades less, they have to pay an $10 monthly fee. Also, if a trader is a Fusion+ Master, they can charge their clients up to a maximum of 30%. 

Fusion Markets review

Research

Fusion Markets has great research tools. From trading ideas to quality news feeds, there are a lot of services to choose from. On the negative side, the charting tools, provided by MetaTrader, have an outdated design.

Pros Cons
• Trading ideas • Charting with outdated design
• Data on asset fundamentals
• Quality news flow

Except for charting tools, you can find Fusion Markets’ research tools after you log in to Client Portal. The charting tools are on the MetaTrader trading platform.

Trading ideas

Fusion Markets provides trading ideas based on technical tools, like indicator movements or patterns on the charts.

Besides providing an insight into whether you should go long or short, users can also see target prices.

Fusion Markets review – Research – Recommendations

Fundamental data

Fusion Markets has a great economic calendar. We really liked the feature that allows you to gauge historical volatility and trends: for example, if you see that a Bank of Canada interest rate decision is coming up, you can click on the ‘impact’ button and see how the USD/CAD price evolved after recent decisions.

We also liked that you can filter for events based on country and importance. 

Fusion Markets review – Research – Fundamental data

Charting

Fusion Markets has OK charting tools. You can use 31 technical indicators and other technical tools, such as trendlines and Fibonacci retracement.

On the other hand, the design is outdated and some features are hard to use. For example, we had trouble figuring out how to remove an indicator from the chart.

Fusion Markets review – Research – Charting

News feed

We liked Fusion Markets’ news feed located in the ‘News’ section. In addition to being able to filter the news for a specific asset, you are also shown a sentiment score for that asset. For example, if all the articles are bullish/positive, then a 100% positive score is assigned.

Additionally, we liked the ‘My Feeds’ feature, which allows you to select the news provider or bloggers you want to follow. 

Fusion Markets review – Research – News

Compare Research Pros and Cons
Fusion Markets review

Customer service

Fusion Markets’s customer service is exceptionally good across multiple dimensions, hence you’ll be in good hands when it comes to your broker-related questions.

Pros Cons
• Phone support None
• Live chat
• Fast response time

You can contact Fusion Markets via:

  • Live chat
  • Telephone
  • Email

Fusion Markets has a live chat service that provides quick responses. We received relevant answers to our questions within seconds. The operators were helpful and well-prepared. The live chat is accessible 24/7.

Fusion Markets has great phone support. We were connected to an agent within a minute and received relevant answers.

We emailed Fusion Markets multiple times to re-test their service in our most recent review, and got answers to all our emails within a few hours, sometimes even minutes. The relevancy of the answers was also great.

Fusion Markets review – Customer Service

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets review

Education

Fusion Markets offers only a demo account as an educational tool. Educational videos, platform tutorial videos and educational texts are not available.

Pros Cons
• Demo account • No trading platform tutorial videos
• No educational videos

If you want to use the demo account, first you have to enter your email address and set a password. Then you have to log in to the client portal, where you can select the demo account on the ‘Accounts’ page.

Fusion Markets review – Education

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets review

Safety

Fusion Markets is regulated by the top-tier Australian authority ASIC as well as the regulator of Vanuatu. It provides negative balance protection for clients under ASIC. However, investor protection is not available.

Pros Cons
• Regulated by top-tier financial authority • No investor protection
• Negative balance protection for clients under ASIC • Not listed on stock exchange

Is Fusion Markets regulated?

Fusion Markets is based in Australia. It was founded in 2010 and it is regulated by the Australian Securities and Investments Commission (ASIC) as well as the Vanuatu Financial Services Commission (VFSC).

Is Fusion Markets safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

Fusion Markets provides its services through two legal entities that are regulated by ASIC and the VFSC, respectively. Although there is no investor protection, Fusion Markets provides negative balance protection for clients under ASIC. 

Fusion Markets investor protection
Legal entityRegulatorAvailability
Gleneagle Asset Management Pty LimitedAustralian Securities and Investments Commission (ASIC)For Australian clients only
Gleneagle Securities Pty LimitedVanuatu Financial Services Commission (VFSC)For all other clients*

*Except Burma, Côte d’Ivoire, Democratic People’s Republic of North Korea, the Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Ghana, Iran, Iraq, Lebanon, Liberia, Libya, Japan, New Zealand, United States of America, Somalia, Sudan, Syria and Zimbabwe.

Background

Fusion Markets is the brand name of Gleneagle Asset Management Pty Limited and it was established in 2010. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.

Find Your Safe Broker
Fusion Markets review

Bottom line

Fusion Markets is a great forex broker with very low trading and non-trading fees. The account opening is fast and easy, and customer service provides quick and relevant answers.

On the negative side, Fusion Markets has limited educational tools. The product portfolio is largely limited to forex and some CFDs. Lastly, there is no investor protection.

As you can open an account within a day and fees are low, feel free to try Fusion Markets.

Visit Broker

74-89% of retail CFD accounts lose money

Fusion Markets review

FAQ

We recommend Fusion Markets for forex traders looking for low fees and a chance to use the Metatrader 4 platform.

Below you can find links to all aspects of Fusion Markets in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Fusion Markets fees article.

What about the minimum deposit?

Our ultimate guide to the Fusion Markets minimum deposit is updated regularly.

How to start your Fusion Markets account?

Look no further than our evaluation of the Fusion Markets account opening.

How’s their trading app?

Here’s our expert view after checking the Fusion Markets trading app.

Is the quality of customer service satisfactory?

All you need to know about the Fusion Markets customer service.

Legit or scam?

Is Fusion Markets legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Fusion Markets is really free.

Is this broker good for beginners?

We checked it in Is Fusion Markets good for beginners.

Should you buy your silver bullets on Fusion Markets?

Research for silver bugs in the Silver buy on Fusion Markets guide

I want to trade options, are they available at Fusion Markets?

We explored the topic in Can you trade options on Fusion Markets?

What is the minimum account balance at Fusion Markets?

Check out the current account balance requirements at Fusion Markets in our What is the minimum account balance at Fusion Markets article.

Looking for commission and fees data for Fusion Markets?

We collected them in Fusion Markets commission and fees.

How do you withdraw money from Fusion Markets?

We tested it and collected the options and costs in How to withdraw money on Fusion Markets.

Table of Contents

Compare. Choose. Trade.

Find your broker
Compare brokers

Compare broker tool

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.

Compare my broker
Mobile
Best Brokers

Not sure which broker to choose?

For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers. & FMB button.

Find my broker
Broker Reviews

Compare broker tool

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.

Compare my broker
Mobile
Education
Mobile
Find your broker