Our Fusion Markets Review 2025 - 4/5

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Fusion Markets in Brief

Our opinion of Fusion Markets

We particularly liked Fusion Markets' emphasis on low-cost trading, with spreads starting from 0.0 pips and one of the industry’s lowest commission rates at $2.25 per lot per side. This makes it an excellent choice for active and cost-conscious traders.

The broker’s flexibility, with no minimum deposit requirement, ensures accessibility for traders of all experience levels. We also appreciated the availability of multiple platforms, including MetaTrader 4, MetaTrader 5, TradingView, and cTrader, which offer robust tools for analysis and trading customization.

We would have liked to see more extensive educational resources, such as webinars and detailed tutorials, which could benefit beginner traders. Additionally, while the broker provides Islamic accounts and Fusion+ for copy trading, the absence of proprietary tools or platforms tailored specifically to its services is noticeable. For Canadian traders, the lack of regulation by OSC, BCSC, or ASC could be a concern for those prioritizing local oversight.

Who is Fusion Markets designed for?

Fusion Markets is best suited to experienced and frequent traders who value low fees, advanced platforms, and a straightforward trading experience. 

Let's find out more about our test results on Fusion Markets.

Security and reliability 4.5/5

Fusion Markets was established in 2017 and started operations in 2019, quickly earning a reputation as a cost-effective and reliable online broker. Although the exact number of users is not publicly disclosed, its rapid growth and strong customer reviews, including a Trustpilot rating of 4.5/5 based on 1,990 reviews, highlight its popularity among traders globally. The broker is regulated by the Australian Securities and Investments Commission (ASIC), a top-tier regulatory authority known for enforcing stringent standards of client protection and transparency.

While Fusion Markets has not won major awards to date, its strong focus on low trading costs and excellent platform offerings has earned it a loyal user base. Its innovative services, such as the Fusion+ copy trading platform, further enhance its appeal to traders.

Reliability for Canadian Traders

Fusion Markets is not registered with Canadian regulatory bodies, including the Ontario Securities Commission (OSC), British Columbia Securities Commission (BCSC), or Alberta Securities Commission (ASC). However, its regulation by ASIC provides a significant level of reliability and oversight. Canadian traders should note the lack of local recourse in case of disputes but can take confidence in the broker’s compliance with international regulatory standards.

Features to Control Risk

Fusion Markets provides several features designed to help traders manage risk effectively:

• Negative Balance Protection: Ensures clients cannot lose more than their account balance.
• Customizable Leverage: Offers leverage up to 1:500, allowing traders to tailor their risk exposure to their trading strategy.
• Stop-Loss and Take-Profit Orders: Available on all platforms to help traders automate risk management.
• Margin Call Notifications: Alerts clients when their margin levels approach critical thresholds, enabling proactive action to avoid liquidation.

Market and asset diversity 3.8/5

Fusion Markets positions itself as a competitive broker with a focus on offering diverse trading instruments at low costs. With access to over 250 financial instruments, including forex, commodities, indices, cryptocurrencies, and U.S. share CFDs, the broker caters to a wide range of trading strategies.

While the number of assets offered is slightly lower than that of some competitors, Fusion Markets ensures a solid selection across key asset classes. Its emphasis on forex trading is evident, with 90+ currency pairs, making it an appealing option for forex traders. However, its limited offering in global stocks and indices slightly reduces its appeal for traders seeking broader market exposure.

Our opinion on offerings of Fusion Markets

Fusion Markets provides a diverse selection of assets with a strong focus on forex, offering 90+ currency pairs. While it includes essential categories like commodities, indices, and cryptocurrencies, its limited selection of share CFDs and indices places it slightly below market leaders in asset diversity. The broker’s solid but not exhaustive range of tradable instruments makes it suitable for traders focused on forex and key CFDs but less ideal for those seeking extensive global market access.

Platforms and tools 4.7/5

Fusion Markets provides access to several industry-leading platforms, ensuring a high-quality trading experience for traders with varying needs. These platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and cTrader, offering flexibility and advanced tools for analysis and trade execution. Each platform comes with unique features, catering to both beginner and experienced traders.

Available Platforms

• MetaTrader 4 (MT4): MT4 is a classic and widely used platform for forex and CFD trading. It includes advanced charting tools, over 30 technical indicators, and support for automated trading through Expert Advisors (EAs). MT4 is user-friendly and suitable for traders at all levels.
• MetaTrader 5 (MT5): MT5 offers additional features beyond MT4, including 21 timeframes, more advanced charting tools, and support for a wider range of asset classes, such as stocks and commodities. It also includes Depth of Market (DOM) functionality, making it ideal for traders who require enhanced market insights.
• TradingView: Fusion Markets integrates with TradingView, a platform renowned for its interactive charts, vast library of technical indicators, and social trading community. TradingView’s integration with Fusion Markets allows traders to execute trades directly from the platform while benefiting from its charting and collaborative features.
• cTrader: Known for its clean interface and powerful analytical tools, cTrader supports features such as Level II Pricing, one-click trading, and custom algorithmic trading through cAlgo. It is a strong option for traders seeking a modern and intuitive trading experience.

Analysis Tools and Decision Aids

• Technical Indicators: All platforms offer an extensive selection of indicators, such as Moving Averages, Bollinger Bands, and MACD, for technical analysis.
• Automated Trading: MT4, MT5, and cTrader support algorithmic trading strategies through Expert Advisors and cAlgo.
• Customizable Charting: Traders can customize charts across all platforms with multi-timeframe views, drawing tools, and templates for efficient analysis.
• Economic Calendar: Both MT5 and TradingView provide real-time economic event tracking to aid in fundamental analysis.
• Risk Management Tools: Features like stop-loss, take-profit, and trailing stop orders are supported on all platforms.

Order Types Supported

• Market orders
• Limit orders
• Stop-loss and take-profit orders
• Trailing stops
• Pending orders
• One-Cancels-the-Other (OCO) orders

Fees, spreads and commissions 4.8/5

Fusion Markets positions itself as one of the most cost-effective brokers in the market. It offers ultra-low spreads starting from 0.0 pips on its Raw Account, paired with an industry-low commission rate of $2.25 per lot per side, making it particularly appealing to frequent traders and scalpers. Unlike many competitors, Fusion Markets imposes no fees for deposits or inactivity, further enhancing its cost-efficiency.

Fusion Markets Fees and Spreads Comparison

Other Fees

• Deposit/Withdrawal Fees: Fusion Markets charges no fees for deposits. Withdrawals are free for most methods, though international bank transfers may incur a small fee (typically ~$20-$30).
• Overnight Fees (Swaps): As a CFD broker, overnight swap fees apply to leveraged positions held overnight. Rates vary by asset but are competitive compared to industry norms.
• Inactivity Fees: Fusion Markets does not charge inactivity fees, making it ideal for traders who don’t trade frequently.

How is Fusion Markets's price positioning?

Fusion Markets stands out as one of the lowest-cost brokers, with ultra-tight spreads, low commissions, and no hidden fees such as inactivity or deposit charges. These features make it highly competitive, especially for active traders. While its withdrawal fees for international bank transfers could be improved, its overall fee structure is one of the most attractive in the industry. Fusion Markets earns high marks for its trader-friendly pricing, particularly for those focused on forex or high-volume trading.

Customer reviews 4.5/5

Fusion Markets has a Trustpilot rating of 4.5 out of 5, based on 1,990 reviews, reflecting high customer satisfaction with its low fees, reliable platforms, and responsive customer service.

Here are some recent testimonials from Canadian users:

• Michael L (January 10, 2025): "Fusion Markets has been my go-to broker for over a year now. The tight spreads and low commissions on the Raw Account have saved me so much compared to my previous broker. I mostly trade EUR/USD, and the execution speed is excellent. My only gripe is that the bank transfer withdrawal took 3 days, but the funds arrived without any issues. Overall, a great experience."
• Sarah P (December 5, 2024): "I started using Fusion Markets a few months ago, and I’ve been really impressed with how easy it was to set up an account. I use MetaTrader 5, and the platform runs smoothly with no delays in execution. Customer service was quick to respond when I had a question about leverage adjustments. I highly recommend this broker, especially for forex traders."
• Daniel T (February 2, 2025): "What I love about Fusion Markets is how affordable it is. I’m not a high-volume trader, but even with smaller trades, the low fees make a difference. The Fusion+ copy trading feature is a big plus—I’ve been following a couple of experienced traders, and it’s helped me learn faster. So far, everything has been great, though I’d like to see more educational content for beginners."

How is Fusion Markets positioned in relation to its competitors?

Conclusion of our review on Fusion Markets

Fusion Markets provides an attractive trading environment with ultra-low fees, a wide range of platforms, and features like copy trading through Fusion+. The broker excels in offering forex and CFD trading with spreads starting from 0.0 pips, making it an excellent option for active and cost-conscious traders. Additionally, the absence of a minimum deposit requirement ensures accessibility for traders of all experience levels.

While the broker is regulated by ASIC, its lack of local registration with Canadian authorities may not appeal to those seeking domestic oversight. In comparison to its competitors, Fusion Markets stands out for its low fees and platform variety but offers fewer assets in some categories, such as stocks. The inclusion of Fusion+ for copy trading provides added value, particularly for beginners or those seeking to follow experienced traders.

Fusion Markets is best suited for traders who prioritize cost efficiency and platform diversity. 

Before opening an account with Fusion Markets, compare the best brokers in Canada.

What types of accounts are available with Fusion Markets in Canada?

Fusion Markets offers two main account types: the Classic Account and the Zero Account, designed to cater to traders with different preferences for spreads and fees. Additionally, Fusion Markets provides a Demo Account for practice and an Islamic Account to accommodate Sharia-compliant trading. Below is a summary table outlining the key features of each account type.

Classic Account

The Classic Account is ideal for traders who prefer commission-free trading with slightly wider spreads. Spreads start from 0.8 pips, and there are no additional fees on trades. This account type is especially suitable for beginners or those who want a straightforward trading experience. Traders have access to all available markets and platforms, including MetaTrader 4, MetaTrader 5, TradingView, and cTrader.

Zero Account

The Zero Account is designed for traders who prioritize tighter spreads, starting from 0.0 pips. It is best suited for scalpers, day traders, or high-frequency traders who want precise pricing. The account charges a competitive commission of $2.25 per lot per side, making it one of the lowest-cost accounts in the industry. Like the Classic Account, it provides access to all trading platforms and instruments.

Demo Account

The Demo Account allows traders to practice trading without risking real money. It includes $50,000 in virtual funds and offers unlimited duration, giving users ample time to familiarize themselves with the trading platforms and test their strategies. Traders can simulate trades across all available markets with real-time spreads and pricing.

Islamic Account

The Islamic Account is available for traders adhering to Sharia law. It operates as a swap-free version of either the Classic or Zero Account. Instead of overnight swap fees, a fixed administrative fee may apply depending on the asset traded. The Islamic Account ensures compliance with Islamic finance principles while offering the same trading conditions and platform access as other account types.

Deposits and withdrawals at Fusion Markets: How does it work?

Fusion Markets offers a diverse range of deposit and withdrawal methods, including traditional options like bank transfers and credit/debit cards, as well as modern alternatives like e-wallets (Skrill, Neteller, PayPal) and cryptocurrencies (Bitcoin, Ethereum).

Deposits across all methods are free, making it appealing for traders looking to maximize their trading capital without incurring unnecessary charges. Withdrawal fees are minimal for most methods, with e-wallets charging around 1%-2%, and international bank transfers typically costing $20-$30.

Compared to its competitors, Fusion Markets stands out for its flexibility in payment options, particularly its support for cryptocurrencies, which many brokers do not offer. Additionally, the lack of deposit fees is a strong advantage over brokers that charge for funding accounts.

However, the withdrawal fees for bank transfers and e-wallets, while reasonable, could be improved to match some competitors offering free withdrawals. Overall, Fusion Markets delivers a convenient and cost-effective payment experience, catering to a wide range of trader preferences.

Does Fusion Markets offer copy trading?

Fusion Markets offers copy trading through its proprietary Fusion+ platform. This feature allows traders to replicate the strategies and trades of experienced traders within the Fusion Markets ecosystem. The Fusion+ platform is designed to provide an easy-to-use solution for beginners or traders who prefer an automated approach to trading.

Key Features of Fusion+ Copy Trading

• Platform Used: Fusion+ is an integrated feature within the Fusion Markets system, making it seamlessly accessible for existing clients.
• Number of Traders to Copy: Fusion+ provides access to a wide range of professional traders whose strategies can be followed. Traders can view performance metrics, such as profit/loss records, risk levels, and trading styles, to make informed decisions.
• Fees: There are no additional fees for using Fusion+ beyond the usual trading commissions and spreads. This transparent fee structure makes it a cost-effective choice for copy trading.
• Customization: Users can set parameters such as the percentage of their account to allocate for copying trades, enabling personalized risk management.
• Automated Execution: Trades are automatically executed in real time, ensuring seamless copying without manual intervention.

Comparison to Competitors

While Fusion+ is not as widely known as platforms like ZuluTrade or Myfxbook AutoTrade, it integrates directly into the Fusion Markets ecosystem, making it a streamlined option for clients. The absence of additional fees is a major advantage, as some brokers impose subscription or performance fees for similar services. However, the Fusion+ community of traders to copy may not be as large as those on standalone copy trading networks, which could limit options for diversification.

What is the tax treatment of income generated by Fusion Markets?

Income generated from trading with Fusion Markets is subject to taxation under Canadian tax laws, governed by the Canada Revenue Agency (CRA). How trading income is taxed depends on whether it is classified as capital gains or business income, which is determined by the nature and frequency of your trading activity.

Capital Gains

If your trading activity is considered investment-based (e.g., occasional trades and holding positions for longer periods), profits are treated as capital gains.

• Taxable Amount: Only 50% of capital gains are subject to taxation at your marginal tax rate. For example, if you earn $10,000 in capital gains, $5,000 is added to your taxable income.
• Offsetting Losses: Capital losses can be used to offset capital gains in the same year, or carried forward/backward to offset gains in other years.

Business Income

If trading is your primary source of income or you trade frequently, your profits may be classified as business income.

• Taxable Amount: 100% of profits are taxed at your marginal tax rate.
• Deductible Expenses: You can deduct trading-related costs, such as withdrawal fees, platform subscriptions, and other relevant expenses, reducing your taxable income.
• CRA Criteria: Frequent trading, short holding periods, and reliance on trading as a primary income source typically result in classification as business income.

How to declare your trading income

• Capital Gains Reporting:
• Use Schedule 3 – Capital Gains (or Losses) on your T1 General Income Tax Return.
• Record details of each transaction, including purchase price, sale price, and associated costs like commissions.
• Business Income Reporting:
• Report business income on Form T2125 – Statement of Business or Professional Activities.
• Include all trading-related expenses, which can be deducted from gross income to calculate your net taxable income.
• Foreign Income Reporting:
• As Fusion Markets is an ASIC-regulated broker, income in foreign currencies (e.g., USD) must be converted to Canadian dollars (CAD) using the exchange rate at the time of the transaction.
• If the total value of your foreign holdings exceeds $100,000 CAD at any point during the year, you must file Form T1135 – Foreign Income Verification Statement.

Points to remember while filing your taxes

• No Tax-Free Accounts: Fusion Markets does not provide tax-advantaged accounts like TFSAs or RRSPs, meaning all income generated is taxable.
• Record-Keeping: Keep accurate records of trades, including dates, amounts, fees, and exchange rates, as the CRA may require documentation for audits.
• Consult a Professional: Due to the complexity of taxation for trading income, it is advisable to consult a tax professional with expertise in investment and trading taxation.

Contact: How do I contact Fusion Markets customer service?

FAQs

Nishadh Mohammed

Nishadh Mohammed is a seasoned news editor and financial writer, working with HelloSafe since May 2023. Nishadh has developed expertise in financial markets, insurance, and investment products, with a deep understanding of the Canadian financial landscape. He has honed his SEO skills and content marketing strategies while writing for Canadian publishing houses. Armed with a master's in Business Analytics and extensive journalistic experience, Nishadh uniquely combines data proficiency and thorough research to deliver comprehensive and accessible information.