Key Information on Fusion Markets
Here is what you need to understand to get a brief overview of the Fusion Markets broker.
|Trading platforms||MT4, MT5|
|Deposit methods||Bank card, bank transfer, electronic wallet|
|Average spreads||From 0.0 pip|
|Tradable assets||Forex, metals, energies, indices|
|Customer service||E-mail, phone call, online chat|
Fusion Markets is a broker whose origins date back more than 50 years, but it began to practice in 2017. According to information provided by its official website, this broker is founded by experts in the currency pair trading industry. This broker was born in Australia, where it has a head office. You can find their office at 17 Gwynne St, Cremorne VIC 3121, Australia.
Fusion Markets has very specific goals. It mainly wants to provide a multitude of financial instruments at prices beating all competition. It also considers itself the most cost effective broker in the world. To find out if this broker keeps its promises, go to the end of this entire review.
Advantages and Disadvantages of Fusion Markets
The following table summarizes the strengths and weaknesses of the online broker.
|Spreads are low||No training|
|Highly regulated||Limited instrument offer|
|Low commission||No support for Canadian French|
What type of broker is Fusion Markets?
This brokerage site isn’t the counterpart of its clients. It doesn’t create its own market. Fusion Markets sends your orders directly to the stock exchange. It is therefore an ECN broker. This characteristic is of great importance. As an ECN broker, this broker has no power to manipulate your trades. You therefore don’t risk falling into conflicts of interest. Which is likely when you trade with a Market Maker. The issue is that with an ECN broker like this, the risk of slippage is higher.
Having said that, we like this broker because it is an ECN. However, don’t think that Market Makers brokers are no good.
Fusion Markets Trading Platforms
Here are the available trading platforms to use:
- MetaTrader 4
- MetaTrader 5
- MAM (trading software reserved for multi-account managers)
Fusion Markets Leverage
In terms of leverage, the Fusion Markets broker is quite satisfactory. Unlike brokers who limit their leverage to 1:300, this broker offers you a maximum leverage of 1: 500. The Fusion Markets broker can therefore compete with BlackBull Markets when it comes to leverage. Therefore, our opinion is positive on this point.
Instruments and Tradable Asserts
With just over 120 instruments, it cannot be said that the Fusion Markets product offering is grand. Despite everything, this broker offers you some essential instruments. It’s about:
- Forex : it’s the set of currency pairs traded on the stock market . This broker offers nearly 90, including the most common pairs, and the rarest.
- Precious metals : Find gold, Zinc, silver and many other assets of this kind on Fusion Markets.
- Indices: you have at your disposal all the notorious stock market indices CAC 40, NASDAQ 100, etc.
- Energy : you can trade energy products such as natural gas, crude oil, and Brent.
For information, you can invest in these different asset classes in the form of CFD trading. No need to own the underlying.
Fusion Markets Deposits and Withdrawals Methods
It is not possible to trade for real money without funding your account. To the same extent, it’ll be necessary to cash in the profits in case of gain. Fusion Markets provides you with several transaction methods:
- Bank transfers
- Credit and debit cards
- Electronic wallets like Skrill and Neteller
You can use these methods for both deposits and withdrawals. Normally, Fusion Markets doesn’t charge you any fees for these transactions. However, the chosen operator may charge you a fee.
Regarding processing times, they depend on the payment method used. The longest way remains the bank transfer, which may take a couple of days. Credit / debit cards are a bit faster, but can also take days to withdraw. Electronic wallets authorized on Fusion Markets allow you to trade instantly, or within 24 hours.
When you have a concern, there are variety of ways you can reach Fusion Markets. Here are some connecting axes to use:
- e-mail: [email protected]
- Phone number: +61 3 8376 2706
- Live chat: on the broker’s website
No information on customer service availability hours is made on the official website. It’s not clear whether Fusion Markets is available all the time.
Is Fusion Markets Safe?
Never decide to trust the broker without investigating him. Two essential points must be checked: regulations and a history of scams. In this part of the Fusion Markets review, you’ll have specific details on these points.
Fusion Markets Scams
Just like all brokers in the world, Fusion Markets is usually criticized for facts that are not necessarily true. During our study, we didn’t find any sources indicating a fraud or a scam. Everything suggests that the this broker is trustworthy. Before saying the same, it’s better to observe its regulations.
The Broker Fusion Markets Regulations
The various authorization licenses obtained by Fusion Markets prove that it’s indeed a reliable broker. This broker is regulated by two authorities namely:
They are international regulatory bodies. So YES, Fusion Markets is safe and you can trust it.
Types of Trading Accounts on Fusion Markets
This Fusionmarkets review continues with the various trading accounts available. Here is what you can expect.
- The demo account : The broker offers you a free version of its platform. It only serves to discover the functions of the site, and to train you before the real investment.
- The Classic account : This real account is the original version of the broker. It’s suitable for novice traders. With this kind of account, you pay spreads from 0.8 pip without any commission.
- The Zero Account : Here the spreads start at 0.0 pip, but you pay a commission of AUS $ 4.50. This account is right for experienced people who have a high volume of activity.
As you can see, there’s not much diversity of accounts on this broker. This causes a negative Fusionmarkets review. there’s neither an Islamic account nor a limited risk account on this broker.
Fusion Markets Fees
There are three main kinds of fees you pay on Fusion Markets.
- Spreads that represent the differences in Ask and Bid prices around an asset
- Commissions which are taxes imposed by the broker as a reward for the service he provides you.
- Swaps : These are the night watch fees that apply to all your positions.
Spreads on Fusion Markets
On Fusion Markets, spreads are variable, and they apply to all assets. in this part, we only present the average spreads applied to the most traded forex currencies on the site.
Having reached the end of this Fusion Markets review, we can say with certainty that it is one of the best forex brokers in Canada. This broker is regulated, flexible in its costs, and therefore recommended for Canadian traders. We can mention its insufficiency in instrument, and the lack of educational resources. It is clear that BlackBull Markets is a better alternative to Fusion Markets Canada.
Fusion Markets FAQ
Is Fusion Markets a good broker?
This review shows that it’s trustworthy, with serious regulations. It is also recommended for Canadian traders and investors.
Can I Spread betting on this Broker?
The spread bet isn’t yet included in the Fusion Markets service offer. For now, you can just trade forex and a few other CFD instruments.
What are the requirements to try the Demo Account?
To take advantage of the free demo, all you have to do is register to begin trading.
What are the Authorized Strategies on this Broker?
Fusion Markets is one of the brokers who accept absolutely all forex trading strategies. You can invest as you see fit on this broker.
What are the alternatives of Fusion Markets?
You have the choice between easyMarkets, Eightcap, fpMarkets and Avatrade. These brokers have proven themselves. they are better qualified than Fusion Markets to meet your requirements.