Fusion Markets

Regulation: Fusion Markets has an excellent reputation and is regulated by a top-tier authority – ASIC of Australia. However, Indian traders will be onboarded through Fusion Markets’ Vanuatu-based entity, regulated by the Vanuatu Financial Services Commission, which provides little regulatory oversight. See below for Fusion Markets’ licence:

Safety Features:  Fusion Markets segregates all funds from the company’s operating capital and offers negative balance protection to all its clients.  VFSC regulatory oversight also means that Fusion Markets can offer higher leverage and bonuses to Indian traders, which may be attractive to some.

Fusion Markets has a similar number of assets compared to other brokers but has over 80 forex pairs, a much larger range than other similar brokers.

Neither the Zero Account nor the Classic Account has a required minimum deposit, though we recommend starting with a minimum of 200 USD to avoid margin calls. Trading costs on both accounts are much lower than most other brokers.

Account Trading Costs:

We opened and tested Fusion Markets’ Zero and Classic accounts:

Zero Account

The most popular account with Fusion traders, the Zero Account has spreads starting from 0 pips with a round-turn commission of 4.50 USD (see below for more details). The account is designed for people who have traded before and are familiar with calculating trading commissions. 

Classic Account

The Classic Account is designed for beginner traders. Spreads start at 0.9 pips (EUR/USD) with zero commissions, a lower trading cost than other similar brokers. 

MT4/MT5 Mobile Applications

Beginner traders should be aware that there is some loss in functionality when compared to desktop trading platforms, including reduced timeframes and fewer charting options.  In addition, spotty connections can reduce the overall trading experience. Generally, it is better to be at your desktop to conduct day-to-day trading and use a mobile device to keep an eye on the markets or close open positions.

The MT4 and MT5 apps allow traders to work from anywhere, with functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading to further assist traders while on the move.

cTrader App

cTrader is one of our favourite trading platforms, and we are glad that Fusion Markets has added it to its offering. Fusion Markets is one of a handful of brokers that supports it. Its clean design makes it easy for beginners to pick up, but it also has the advanced order types and automation options required by more experienced traders. The Fusion Markets’ cTrader app keeps most of the best parts of the desktop version, including the complete range of order types, price alerts, trade analysis, and symbol watchlists.

TradingView App

Trade on the go with TradingView for iOS and Android. Fusion Markets clients can execute trades, use advanced charting, run Pine Script and more, all on the world’s most popular charting platform. Join over 50 million traders across the globe and trade with your Fusion Markets account directly on TradingView. You must open a Fusion Markets cTrader account first before connecting it to the TradingView platform.

Trading Platforms Comparison:

Fusion Markets offers traders MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, each of which offers Expert Advisors, automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality.

All platform choices are free to use, can be downloaded to your PC or Mac, and have web versions. Traders who want more EAs to use and don’t mind the dated interface should consider using one of the MetaTrader products. cTrader is often a favourite for beginner traders as it requires less setup, has a more modern interface, and offers more advanced order types. TradingView is the world’s most popular charting platform, used by 50M+ traders across the globe. On TradingView powered by cTrader, Fusion clients can execute trades, use advanced charting, run scripts and more.

All four trading platforms are considered among the best in the industry. While Fusion Markets does not have its own proprietary desktop platform, which is usually easier for beginners to learn, the choice of any of the four major platforms will keep most traders satisfied.

A well-regulated broker, Fusion Markets ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Traders can only withdraw up to 100% of the original deposit to a credit or debit card. After this, funds may be withdrawn by another method in the trader’s name.  

Accepted Deposit Currencies: When we opened our account, we noticed that the Fusion Markets’ client portal allows traders to choose between six base currencies, including USD, EUR, GBP, AUD, JPY, and SGD. Because we were depositing INR from our Indian-based bank account into our USD-based trading account, we were charged currency conversion fees on deposits and withdrawals. 

Funding Methods: We were pleased to find that Fusion Markets offers a good range of payment methods, and it does not charge fees for deposits or withdrawals. However, your bank may use an intermediary bank with fees between 15-25 USD. Credit and Debit Cards and e-wallet transfers are free via the matched refund process.

All withdrawals received by 11 am AEDT are processed on the same day. Requests received after 11 am AEDT will be processed the next business day. You should receive your funds within 1-5 business days for credit and debit cards, depending on the card provider, and 2-5 business days for bank wires.

See below for a complete list of payment options and withdrawal times:

Fusion Markets’ research consists of Analyst Views, Technical Insights, and Market Buzz, all available from within its trading hub. It also offers subsidised VPS hosting, MAM accounts, and social or copy trading through Myfxbook Autotrade and Duplitrade.

Analyst Views

Analyst Views provides trading ideas for trade set ups in real time, highlighting key support and resistance levels and commentary about the instrument in question. This feature is also available as a custom indicator on MT4 and MT5.

Technical Insight

Technical Insight allows you to search all the financial assets available at Fusion Markets and provides an educational overview of technical analysis indicators, view both short and long-term price action, and view the most popular trades.

Market Buzz

Market Buzz is an AI tool that sifts through thousands of articles available on the internet to bring you the most relevant news, price movements, and information. You can create watchlists of your favourite symbols, and it will find news from top-quality sources and rank them according to the top discussion topic for each instrument.  As you can see below, financial instruments that are moving because of news-worthy events are highlighted as “Buzz” instruments:

VPS 

Fusion Markets offers subsidised VPS hosting via third-party company, New York City Servers, for traders using the MT4 and MT5 platforms. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors, 24 hours a day, 7 days a week on a virtual machine. Traders can access a complimentary VPS sponsored by Fusion if they trade more than 20 lots of FX or Metals in a 30-day period.

New York City Servers has dedicated 24/5 customer support teams to help new users set up and install EAs and indicators directly to the virtual machines. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges.

MAM Accounts

Fusion Markets offers an account management service to its clients, which allows account managers to trade on their behalf.  In order to perform this service, bespoke technology or software is required, also known as MAM. 

MAM stands for Multi-Account Manager, which permits a range of customisable ways to sub-allocate trades. Account Managers take a portion of the profits generated by the trades.  

Managed accounts are great for beginner traders who have limited experience with trading. 

Copytrading

Fusion Markets offers excellent copy trading services through third-party providers, Myfxbook Autotrade and Duplitrade.  These tools allow traders to find, follow and copy successful traders automatically.  

In order to use the service, traders need to open an acccount and connect to the services.

The benefit of using copy trading services is that traders do not need to build their own strategy or conduct research on the forex markets. It is useful for traders who are interested in the financial markets but lack experience and knowledge.

Trading Tools Overview:

Unfortunately, Fusion Markets offers virtually no educational materials, which means that traders will have to self-educate with other third-party materials. 

See Educational Material Comparison below:

Customer support is available 24/7 via email, live chat, and a local telephone number. 

For the purposes of the review, we tested the live chat service and email. Our email was answered within a couple of hours, and the answer was relevant and to the point. We found the live chat agents were polite and responsive, and they were able to answer all our questions.