Fusion Markets Review – Can you trust them?

Fusion markets were established in the year 2010 and over a decade has managed to get three licenses. The broker is indeed regulated, and we can presume it is safe to do business with. There’s not much variety when it comes to trading accounts and other products of the firm. However, the trading instruments are many including forex pairs, energy, precious metals, equity indices, commodities, and share CFDs. The maximum amount of leverage ratio available with this broker is 1:500. Regarding trading software, there is a huge variety as the broker offers the standard MT4 and MT5 trading platforms alongside with WebTrader, DupliTrade, and MyFXBook Auto trading software. There are no bonuses on the website available for consumers. Instead, the broker only has a referral program.

The safety and security of the Fusion markets

The broker has two local licenses and a third international one. They are very direct about this matter on their website.  The broker has qualifications from regulatory bodies that reside in Australia and Vanuatu.

Fusion Markets has an Australian Financial Services License, its number is 226199. The Australian Securities and Investment Commission regulates Gleneagle Asset Management Limited as well, the parent company of Fusion Markets.  The firm is Australian-based, so having two local licenses is a good thing.

The firm provides its services to jurisdictions other than Australia. However, they are not allowed to provide products and services to any US resident. The Vanuatu Financial Services Commission regulates Gleneagle Securities Pty Limited trading as Fusion Markets, which is a registered Vanuatu corporation, the firm’s registration number is 40256.

Fusion Markets Fees and spreads

The spreads from Fusion Markets are very competitive when compared to the industry average and other brokers. The spread for the standard accounts starts from 0.9 pips, which is below the 1 pip of the industry average. Commissions for zero spreads account is also low at 4.5 USD round tern per lot traded. The industry average being 7 USD per lot round turn means Fusion Markets offer value in this department for scalpers. Scalpers rely on many small profits during the day, and low spreads and low commissions are key to their profitability.

The firm’s prime broker and liquidity providers calculate the spread pricing rate on the site, which is based on current market conditions and risk assessments. It’s important to note that Fusion Markets has no control over spread rates. Overall, they start as low as 0.0pips. However, the spread amount is very much dependent on the market conditions.  Each asset type has its limits, as far as how the firm can provide according to its resources.

Accounts, deposits, and withdrawals of Fusion Markets

Fusion Markets guarantees a low-fee trading environment with its two account types. These are the Zero and Classic accounts.

The Zero account has many features. With Fusion traders, this is the most popular account. The account is meant for customers who have traded before, understand how the commission scaling works, and are typically more active, with spreads starting at 0 pips and our industry-leading  $4.50 commission.

This is the account to use if you’re just getting started and don’t want to worry about calculating your commission before each trade. Spreads begin at 0.9 pips and there are no commissions. The commission is included in the spread when you trade, so what you see is what you get.

Leverage

The maximum amount of leverage the firm can provide is the ratio of 1:500. The risk associated with Forex trading is undeniable. Forex, like almost anything else related to money, comes with its own set of hazards. If you have a good chance of making a profit, you also have a good chance of losing all of your money. The Forex market and the potential trader are effectively separated by a large buffer zone. Brokers like to avoid losses rather than chase profits, therefore it might be difficult to persuade yourself to risk a loss, even if a reward is sitting right there.

There is no minimum depositing amount set on the site for the consumers. This gives the traders maximum flexibility to trade with their preferred trading budget, which is a great advantage. Do whatever makes you feel comfortable, but keep in mind that some payment providers will not allow you to deposit less than $10.

The information about withdrawals and deposits is lacking on the website and making it difficult for traders to find out about fees and methods.  The downside of withdrawals is that traders need to use the same method for withdrawals as they used for deposits. This is very uncomfortable.

Fusion Markets Trading assets and features

The trading instruments are offered in different asset classes including Forex pairs, energies, precious metals, equity indices, commodities, and share CFDs. Unfortunately, there are no digital currencies among the broker’s assets.

A broker is only as good as its trading features. Fusion Markets have many trading tools, which we will discuss in the upcoming sections of our review. We found it odd how the most important aspects of the broker are barely mentioned and discussed on the broker’s site. The content is severely underwritten, which can confuse novice traders. This is quite a predatory opposition between the firm and its clientele.

Customer Support Review

Users can get in touch with the customer service team via email, phone call, or the live chat widget which can be found in the bottom right corner of the website. The live chat is the fastest and most efficient way of contacting the broker directly and solving any issues during trading conveniently. What can we tell about the support team is that we were not provided with all the answers we asked for, but the team provided us with links to relevant information on the website. All in all, the support is sufficient and the presence of the live chat makes it possible to address many issues that traders may have.

Education

There is no educational section or resources, but the broker does a good job of providing traders with plenty of tools to enhance their trading experience. The broker offers a comprehensive FAQ section where several important pieces of information are provided, including withdrawals.

Should you consider Fusion Markets?

All in all, the broker firm is regulated by three different entities, ensuring client fund safety and transparency. We found several issues with the site. The SSL software on the site seems outdated and may pose some security issues. There is no two-factor authentication option to secure private data even more.

The customer support team is professional at their job. One of the main defying factors of this firm is the fact that there are many tools, to use. Which can be an advantage when all the tools can properly function. Unfortunately, this is not the case for any of the available tools on the site.

Finally, the commissions are within the industry average and spreads are also very competitive, the presence of three regulatory bodies adds to the broker’s legitimacy. But there are some issues and the broker may still be used for trading as a reliable option for Australian traders.