Here are the X pros and cons:

Fusion Markets Fact sheet

When picking your broker the most important aspect to look for is safety and security of your funds. You need to be able to fully entrust your hard-earned money to the company before making a deposit. The best way to know whether your broker is trustworthy or not is how well-regulated it is. 

Fusion Markets is authorized and regulated by various regulatory bodies, including: 

• The Australian Securities and Investment Commission (ASIC).
• The Financial Services Authority (FSA) of Seychelles.
• The Vanuatu Financial Services Commission (VFSC).

ASIC is known as a top-tier strict regulator, while the FSA of Seychelles and the VFSC are only mildly strict. Overall, it’s safe to say that Fusion Markets is a trustworthy broker. 

Policies that Fusion Markets follows

In accordance with the regulations and guidelines of regulatory bodies that have authorized Fusion Markets, the broker implements policies that further improve safety and security. Fusion Markets provides negative balance protection, however, the protection is only for retail traders that are under the supervision of the ASIC. Global clients registered under the FSA of Seychelles and the VFSC do not have negative balance protection. If the free margin level percentage falls below 90%, there will be a margin call (email sent to traders from the broker), and if the balance drops further and reaches 20% of free margin, the positions will be forced closed.

Funds that are deposited are kept in segregated trust accounts. The Australian regulator has put in place rules that govern how the company is to handle clients’ money. Account segregation increases safety as this guarantees that even if the company is liquidated, traders will get their money back. 

There are 246 instruments available for trading with this broker. Traders can access CFD markets such as Forex, hard and soft commodities, indices, cryptocurrencies, and shares. Trading costs are low and available leverage is up to 500:1. However, the maximum available leverage for each asset class is different. There are no physical shares available with this broker and traders can only access “Contract For Difference” (CFD) instruments. While CFDs are not the best for investing, they are great for short to medium-term price speculation. Let’s discuss each asset class offered by this broker in more detail. 

Forex trading on Fusion Markets

There are 84 available currency pairs for trading. You will find major pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, etc. as well as cross-currency pairs, such as EUR/GBP, EUR/AUD, GBP/AUD, GBP/JPY, AUD/NZD, etc. Available leverage is up to 500:1 and spreads on the ZERO account type start from as low as 0 pips. However, traders are charged commissions. The commission amount is 4.5 AUD per traded lot or equivalent in account currency. There are no commissions when trading using the Classic account, on the other hand, there are 0.8 spread markups. It’s worth noting the 0.8 pip markup is small compared to competitors. Most other brokers offer 1 pip markups or higher. Fusion Market offers great trading fees, and we’ll talk more about this later. 

Stock CFD trading on Fusion Markets

There are 111 available US shares as CFDs, and as already mentioned, there are no physical shares offered. CFDs have many advantages over trading real assets. For instance, you can short-sell and make money in falling markets, there are fewer barriers to entry, and the liquidity is higher. Fusion Market offers US stocks, but the number is limited compared to what industry leaders are offering. However, the broker manages to provide access to trading the most popular stocks, including Alphabet, Apple, Amazon, and so on. Trading fees start from as low as 2 cents per share. The US stock market is known to be the most liquid market in the world, and therefore, you will be able to get the tightest spreads. Keep in mind that in case you are planning to trade shares, you should pick MetaTrader 5 (MT5) over MetaTrader 4 (MT4) as the latter doesn’t support shares on the platform.

Crypto CFD trading on Fusion Markets

There are 14 available cryptos as CFDs for trading with this broker. You can speculate on popular cryptocurrencies, such as BTC/USD, BCH/USD, ETH/USD, LTC/USD, DOGE/USD, etc. Fees start from as low as 0.001. 

There are various advantages when trading crypto CFDs as opposed to physical tokens. First and foremost is that it’s simpler. You don’t have to worry about how to open crypto wallets to store your tokens and you also do not need to worry about how to cash out profits as returns go straight to your account balance. The CFD market is more liquid and you will get better spreads. In addition, you can use leverage and trade in both bull and bear markets. However, the main disadvantage is that it’s not for investing long term. In case you are planning on holding crypto assets for years, it’s better to acquire physical tokens. 

Commodity CFD trading on Fusion Markets

There are 22 commodities available for trading with Fusion Markets. Traders can speculate on hard commodity prices such as gold, silver, and oil, or soft commodities, such as:

• Raw Sugar vs USD
• White Sugar vs USD
• UK Cocoa vs GBP
• US Cocoa vs USD
• Coffee Robusta vs USD
• Coffee Arabica vs USD
• Orange Juice vs USD
• Cotton vs USD
• Corn vs USD
• Wheat vs USD

Indices trading on Fusion Markets

There are 15 available indices for trading with this broker. Indices have various uses. They are great for measuring the strength of certain economies and industries, and they can also be traded as CFDs. For instance, the US30 or more commonly known as the Dow Jones index follows the performance of the top 30 US companies. Analyzing the performance of the index can provide a picture of the US economy as a whole. The US 500 (S & P 500) is a more important index in this regard, as the index follows the top 500 US companies. You can find both with this broker and trading fees start from as low as 0.014.

Available indexes include:

• ASX200 / SPI200
• Canada 60
• China H-Shares
• IBEX 35
• EuroStoxx50 / EU50
• CAC40 / French 40
• DAX40 / German 40
• Hang Seng
• Nikkei225 / Japanese 225
• Nasdaq100
• Netherlands 25
• US Dollar Index
• FTSE100
• Dow Jones 30/DJIA/U30USD
• S&P500

In order to meet the needs of different trader types, Fusion Markets offers ZERO and Classic trading accounts. The ZERO account type holders enjoy no spread markups, but they are charged with commissions. Classic account holders do not experience commissions, but spreads start from 0.8 pips. Let’s discuss each type in detail to see which may fit you best. 

Pros & cons of Fusion Markets account types

Fusion Markets Demo Account

The Demo account is available for both ZERO and Classic accounts. Demo trading is highly beneficial for beginners as they need to develop into professional traders, and the Demo account helps them get used to using indicators, trading platforms, and placing orders. In addition, traders use a demo account to create or improve trading strategies. When demo trading, everything is similar to live trading with the only difference being that the money is not real and there are no financial risks. As a beginner, you want a risk-free experience, however, demo accounts have their limitations. Traders cannot experience human emotions such as fear, greed, etc. when real money is not at stake. Luckily, Fusion Markets doesn’t have minimum initial deposit requirements, and you can transition from demo to live trading with a small amount of capital to get used to the live environment first before investing more. 

Fusion Markets ZERO Account

As mentioned above, the ZERO account doesn’t have any spread markups. However, there are 4.5 Australian dollar commissions, or the equivalent in your base currency, per traded lot. This fee is small compared to other brokers. The account type is most suited for active traders, as traders who place orders more frequently prefer to save on spreads and are willing to pay commissions instead. The available trading platforms are MT4, MT5 and copy trading platforms. Available leverage is up to 500:1, however, leverage ranges from asset class to asset class. 

Fusion Markets Classic Account

The Classic account doesn’t have any commissions and spreads start from as low as 0.8 pips. The amount is low compared to what competitors are offering. However, it must be noted that the 0.8 pip markup is just a fee traders pay every time they open positions. In a live trading environment, fees can be larger. To avoid paying large fees, it’s best to trade highly liquid assets such as major currency pairs, major indices, and commodities or US shares. Keep in mind that the most active trading hours are during London and New York trading sessions. Due to the payment structure, the Classic account is suitable for position traders. Traders that place orders less often and spend more time calculating and waiting for the right opportunity to come, do not care much about spreads; they care more about commissions. 

Getting started on Fusion Markets – Main steps

Fusion Markets have a lot to offer. The broker is regulated, offers various assets for trading, and has super-low trading fees. In case you are tempted to open a live trading account with this broker, we will guide you through the entire process in detail. The registration and account opening processes are fully digital and the broker provides a user-friendly page to help you along.

Step 1: Open an account

The first step is to go ahead and open Fusion Market’s main web page. In the top-right corner you will see a “CREATE AN ACCOUNT” button. By pressing that button you will be transferred to the registration page. All you need to do is to provide the broker with some basic personal information.

Step 2: Time to verify your account

After you register as a trader, the next step is verification. In order to verify your account, you need to provide the broker with proof of your identity and proof of residence. Both documents can be uploaded on the web page. You can scan your documents or take a photo using your phone. For proof of residence, you can use your utility bills, bank statement, or any other official document that shows your residential address. For proof of identity, you can upload a copy of your ID card, passport, or driving license. 

Step 3: Make your deposit and start trading

The final step is to deposit funds and start trading. There are numerous funding options to choose from. Keep in mind that most online banking and credit card options are instant, but bank transfers may take up to three business days. Withdrawals take a couple of days more. The available funding options are Visa, Mastercard, Skrill, PayPal, and Astro Pay.

Fusion Markets truly shines when it comes to trading fees. The spreads and commissions offered by this broker are very low. There are no inactivity fees or fees for deposits and withdrawals. What’s more, the broker provides spread-free and commission-free accounts that offer suitable fee structures for different trader types. No wonder Fusion Markets was awarded as the Lowest Commissions Forex Broker in 2020, 2021, and 2022. In order to better understand the fee policy of the broker compared to the competition, let’s compare the numbers. For the comparison, we took the fees of the Classic account. 

Comparing Fusion Markets fees with other brokers

Fusion Markets fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Fusion Markets fees compared to eToro fees

Fusion Markets fees compared to IG fees

Fusion Markets fees compared to XM fees

Fusion Markets fees compared to AvaTrade fees

Fusion Markets fees compared to Capital.com fees

Fusion Markets offers the full set of MetaTrader platforms (MetaTrader 4 (MT4) and MetaTrader 5 (MT5)). What’s more, traders can use Fusion+, DupliTrade, and MyFXbook AutoTrade to automate their trading. 

Trading automation is also possible using MetaTrader platforms. The trading robots of MetaTrader are called Expert Advisors (EAs), but it should be noted that MT4 and MT5 use different coding languages and MT4 algorithms do not work on MT5 and vice versa. 

MetaTrader platforms are highly reliable and capable. They were designed long ago but remain the number one platform today still when it comes to popularity. Both platforms can run on even old or low-budget computers with great reliability. However, keep in mind that in 2005, when MT4 was released, it was made for trading currency pairs. If you are planning to trade stocks or other asset classes, it’s better to choose MT5 as the platform was designed for trading various asset classes. 

Fusion Markets provides access to MT4 mobile trading apps. The platform is available to both Android and iPhone users. The mobile trading app works best as an emergency tool. Let’s say you opened a trade and forgot to put a stop-loss or take-profit order, then you can quickly jump on the app and make it happen. You can execute various trade orders using the mobile app and it also enables traders to access live charts, analyze their own performance, and deposit funds. Overall, the mobile trading app offered by Fusion Markets is great. 

Quality education is highly critical for novice traders. Research tools such as economic calendars and calculators help both fundamental and technical traders plan their trades better. Fusion Markets offers various tools and instruments for research and education such as their Economic Calendar, Analyst Views, and Trading Calculators. However, seminars and webinars are missing. Overall, the tools and educational material available are average. 

Live customer support is available from Monday to Friday via online chat, email, or over the phone. Customer support with this broker is great. There are no annoying chatbots and the customer support agents are highly professional and friendly. They were able to answer our questions fast and gave us informative answers. Customer service is available in multiple languages and traders can also change the web page’s language to: 

• English
• Thai
• Mandarin
• Spanish
• Indonesian
• Japanese

To sum everything up, Fusion Markets is a regulated broker that offers great trading fees, various asset classes for trading, and both spread-free and commission-free account types to meet the needs of different traders. Spreads on the Classic account start from as little as 0.8 pips. Maximum available leverage is 500:1. There are 246 assets for trading, including Forex, commodities, indices, cryptocurrencies, and shares as CFDs. Fusion Markets is authorized and regulated by various regulatory bodies, including the Australian Securities and Investment Commission (ASIC), the Financial Services Authority (FSA) of Seychelles, and the Vanuatu Financial Services Commission (VFSC). Customer support is great, but the tools for research and education are limited.