Fusion Markets review: Is it a legit or scam forex broker?
- July 21, 2021
Keep in mind that most online banking and credit card options are instant, but bank transfers may take up to three business days. The available funding options are Visa, Mastercard, Skrill, PayPal, and Astro Pay. There are various advantages when trading crypto CFDs as opposed to physical tokens.
Fusion+ is another copy trading platform, that enables traders to automatically copy to other clients’ accounts free of charge. DupliTrade offers traders a user-friendly copy trading platform fusion markets review allowing you to duplicate the actions of hand-picked traders from DupliTrade into your Fusion Markets MT4 Account. With just a few clicks, you can select, modify or remove strategies.
It is ideal for new traders starting out or for the more casual traders who just want to get started. The spread with this account type is also impressively low and starts from just 0.8 pips. Fusion is an ECN forex broker but due to regulators restricting the use of the term ‘ECN’ it’s self-terms a RAW forex broker. To have market based spreads you need to select their RAW account.
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. Trading CFDs on leverage involves significant risk of loss to your capital. It does not, however, accept clients from the United States, Palestine, Afghanistan, Iraq, Congo, Iran, Myanmar, Somalia, Sudan, Syria, New Zealand, North Korea, or Yemen. That said, Fusion Markets should be a safe broker to trade with. Fusion Markets is an Australian company that is regulated by both the Australian Securities and Investments Commission and the Vanuatu Financial Services Commission .
Lower fees, lower costs?
The only point is the availability of international trading via offshore entities. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. With analyst views, you can get a quick, actionable view on the market covering all of Fusion Markets’ suite of products including Forex, Commodities, and Indices. We’re so pleased you’ve noticed the low spread and commissions and wide product range.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- I like to run automated systems around the clock, and therefore need platforms up and running all the time.
- You need to be aware when trading forex and CFDs because the leverage levels are set high.
- At Fusion Markets, we are committed to providing our clients with a reliable and user-friendly trading environment, backed by top-tier regulation and a dedicated support team.
- Opening a multi-currency bank account with a digital bank is a convenient approach to avoid paying any conversion fees.
Trading indices you will find CFDs available on many of the major markets from around the world. Again here the spreads remain competitive and you can trade the indices in either direction, long or short. Overnight fees are applied as they are with every broker if you are holding your CFD positions overnight. You will pay these though you could also be the one receiving the payment if the trade is moving in your favor. The Classic Account spread starts from 0.8 pips and trading there is completely commission-free. Retail traders in Australia will have restricted leverage because of ASIC regulations.
If you have any questions or feedback, please don’t hesitate to reach out to our customer support team. We are always here to assist you with any inquiries or concerns. We are thrilled to hear that you have had a great experience with Fusion Markets and that you find our tight spreads and wide range of instruments beneficial to your trading strategy.
What mobile and desktop platforms work with Fusion Markets?
Fusion Markets have some useful educational resources on their website whilst there are many ways to learn about the markets with the provided trading platforms and tools. There is also an FAQ section that covers some of traders most commonly asked questions. I think there is some room for improvement here but as they excel in so many other areas this really isn’t a deal breaker.
We set a brief comparison below to help you see how Fusion Markets compares to these competitors. Fusion Markets Funding Methods we ranked good with an overall rating of 8.9 out of 10. Fees are either low or average also allowing to benefit from various account-based currencies.
Is this broker good for beginners?
I personally experienced their customer support and they are very responsive. They also regularly send economic charts that are useful and daily confirmation of your account. I’m definitely a newbie trader and I can truly say they make trading easy for people like me. In total, more than 80 forex currency pairs are offered for trading. This is a strong range providing good selection in forex trading although the other CFD assets are limited in number compared to other major brokers. We appreciate your business and look forward to continuing to provide you with excellent trading services.
On the other hand, its design is outdated and it lacks a two-step login and price alerts. 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. Fusion Markets claims that it will not offer binary options to its clients due to their high risk. Youtube channels, arbitrageurs, bloggers, trading sites, email marketers, media, and individuals with a large social media fan base will like the idea of the Fusion Affiliates program. The Fusion Affiliates program works on the basis that the partner gets a reward for every person they refer.
Fusion Markets comply with ASIC client money rules and keep all client funds in segregated client trust accounts with Westpac who are Australia’s first bank and oldest company. Wish I have known about this platform earlier already wasted so much money on another platform. There are no commissions paid to this platform on winnings or on deposits or any withdrawals. I have never know any platform like this until I heard Phil speaking at an event. Our team is committed to providing our clients with competitive spreads and efficient execution, and we are pleased to hear that you have experienced this first-hand.
You can only use the MetaTrader 4 platform, which is a favorite with many forex traders but has outdated design and UX. Among other drawbacks, Fusion Markets does not provide investor protection, and popular assets like real stocks https://broker-review.org/ and ETFs are not available. Moreover, the broker is regulated by the ASIC, FSA of Seychelles, and the VFSC. There are various assets available for trading and traders have access to the full set of MetaTrader platforms.
With all these tools at your disposal, you can select your investments with confidence. Fusion Markets touts on its website that they offer some of the lowest fees of any platform for trading. Take forex for example — Fusion Markets offers forex trading at 2.25AUD (2.13 CAD) per side which is lower than most of their competitors.
AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. Fusion Markets has tight spreads and a 24/7 live chat support.
Introduction To Fusion Markets
Personally I made more than 10 withdrawal from Australia to Europe and got my money on my credit card in 3 working days. Withdrawal to bank account in EUR goes through the SEPA process without any banking commission/fee. It supports client with a 24×365 real human presence, always ready and willing to assist and solve any possible issue, providing advise and suggestions through the online chat.
You will have no chance to compare with other broker about its worthable services. With your Fusion Markets account, you can go both long and short with low-costs on products such as Gold, Silver, Zinc, Copper, Platinum and more. Fund your account and start trading any one of our 250+ financial products.
Execution, leverage and position sizing
Here you will again find all assets available to trade but a spread that starts lower from 0 pips on some major assets. The account itself offers access to all of the assets you can trade as well as being completely commission-free. An important point to note when looking at fund protection with this broker is that they do not offer negative balance protection. This means that you can lose more than your initial deposit though a number of risk management tools are provided that we will talk about later. Fusion Markets is a CFD broker meaning that all assets available here are traded as CFDs.
They answer to your email, even on saturday/sunday night; it’s just a matter of a couple of hours max. Regarding the accusation of fake reviews, we would like to stress that we do not incentivize our clients to leave reviews. We value honest feedback from our clients as it helps us improve our services and address any issues. It’s our mission to deliver low cost on a wide array of trading instruments and it’s great to hear our clients are taking full advantage of this. We are so pleased to hear you’re pleased with your experience.