Fusion Markets Reviewed: You Next Broker? (2024)

Fusion Markets is an Australian trading brokerage company which has emerged in the global market. Founded by veteran financial experts, Fusion Markets boasts low fees, high-leverage options, and decent customer service.

Are you curious about if this is the broker for your investing? Are you looking to find out more about investing with the platform with some of the lowest fees? If so, this review is perfect for you.

What is Fusion Markets?

Fusion Markets was founded in 2017 by the Australian forex trader Phil Horner. The company aims to lower fees below most of its competitors to allow its users to start trading today. The company’s values are proclaimed on its about page: Smile, Do the Right Thing, Be Adaptable and Go Deep.

Regulated by the Australian government, but not the Canadian government — Fusion Markets offers some of the lowest fees for the trading of forex, stocks, energy, raw materials and equity indexes anywhere. Fusion Markets lacks crypto which may not be an issue for everyone.

What makes Fusion Markets stand out from other leading brokers is allowing their users to have access to some of the highest leveraging options of any platform in Canada with a ratio of 500 to 1. This can be quite risky but is worth noting for traders who are looking to make high-risk, high-reward ventures. So Fusion Markets leverage is best for experienced traders leveraging with due diligence.

Our review of Fusion Markets

Fusion Markets offer a simple and easy-to-use and navigate trading platform that you can use to start trading. It advertises some of the lowest fees of any trading platform with high leveraging options. However, their lack of educational material besides a demo account and lack of Fusion Markets crypto options available to purchase means that it may be better adapted for already knowledgeable investors. However, Fusion Markets is still worth considering for investors looking for a new easy-to-use platform.

Fusion Markets might be a good option for those who want to build a low-cost portfolio with low fees and the ability to make long-odds investments in day trading. Fusion Markets spreads have a variety of options which you can choose from. User Design and User Interface also could use an overhaul to compare with modern software for both usability and ease of use.

What accounts does Fusion Markets offer?

Fusion Markets offers three types of accounts from which to choose from.

• The Demo Account: which we have talked about in more detail here elsewhere, is a great way for a potential trader to look at the various options within the company to see if the real accounts are right for you.
• The Classic Account: For traders who are starting out and want a simple, easy and enjoyable trading experience.
• The Zero Account: An account designed for more experienced traders who want to take full advantage of Fusion Markets leveraging and investing options.

What fees does Fusion Markets charge?

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. This is one of their key advantages, by being below the rate of other platforms, Fusion Markets hopes to attract you to their platform.

1. Zero commissions on US Shares.
2. No deposit fees.
3. Forex trading feeds at 2.25 CAD

In addition to the low fees, Fusion Markets offers low fees on the following instruments.

• Spreads: representing the differences in buying and selling prices around an asset.
• Commissions: representing the taxes levied by the broker.
• Swaps: representing the costs of overnight custody of your positions, variable.

No deposit or inactivity fees are charged by the broker which helps save you money.

Here are the spreads then the commissions surrounding the main currencies of Fusion Markets

Currency pairs Spreads

Currency Fees

What can I trade with Fusion Markets?

Fusion Markets allow the trading of most traditional forms of investment material at a high level.

These include

• Forex
• Energy
• Precious Metals
• Equity Indices (Via CFDs)
• Stocks (via Share CFDs)

These are all things available on other trading platforms. What gives Fusion Markets an advantage for the prospective trader is its low fees and high-leverage options.

Bear in mind, while leveraging can be potentially rewarding, you can lose money at high levels of leverage.

How do I open a Fusion Markets account?

It is easy and fast to open a Fusion Markets account:

1. Fill out your details on Fusion Market’s website.
2. Verify your personal information.
3. Start trading

That’s it! Fusion Markets makes signing up and opening an account as easy as pie.

Can I open a demo account with Fusion Markets?

Yes! You can open a demo with Fusion Markets to see if their brokerage system and options and fees are the right ones for you.

To open a demo account simply follow these steps

1. Go onto the FusionMarkets homepage and scroll down until you reach the demo button.
2. Click on the demo account and create a username and password.
3. After signing in, complete your ID Verification.
4. Once you have completed your verification, you can deposit funds into your demo account.

Once you've signed into your demo account, you will receive an email confirming your account that it will be functional for 30 days. A financial manager will be in touch with you in the next few days to get in touch with you.

The advantage of the demo account is that you can test Fusion Markets' platform, advice, and ability.

How do I make a deposit with Fusion Markets?

Making your Fusion Markets minimum deposit is quite simple. Simply follow these steps.

1. Login to your Fusion Markets Account.
2. Go to the panel marked payments.
3. On the payments panel, there are two sections for deposit and transfer.
4. Choose your method of deposit and fill in your details and click proceed.

That’s it! You have filled in your account details!

Fusion Markets has no account minimum so you start investing with as little money as you want. On average though Fusion Markets states that most users' accounts are about 1500 AUD.

Fusion Markets deposit methods are varied and allow you to deposit in whatever way is convenient for you. You can deposit into Fusion Markets by:

With Visa and MasterCard there are no fees and the money should enter your account instantaneously. If you deposit with PayPal, they offer PayPal users to deposit with no fees attached.

Is Fusion Markets safe?

Is Fusion Markets regulated? Yes. However, it is not regulated by the Canadian government. Rather it is regulated by the Australian government. Fusion Markets is a trading name of Gleneagle Asset Management Limited (GAML). GAML holds an Australian Financial Services Licence (226199). It is regulated by the Australian Securities and Investment Commission.

While not regulated directly by a Canadian body the three main regulating licences which Fusion Markets are the following.

• ASIC: Australian Securities and Investments Commission
• FSA: Financial Services Authority, worldwide
• VFSC: Vanuatu Financial Services Commission

What mobile and desktop platforms work with Fusion Markets?

Fusion Markets has several options to use for its platform. These range from mobile platforms, forex, web browsing and desktop trading. Here is a quick breakdown on Fusion Markets platforms and their variations.

• MetaTrader 4: A standard Forex trading platform.
• MetaTrader WebTrader: Essentially MetaTrader4 on a web browser.
• MT4 Mobile App: Their phone app so you can watch your portfolio wherever you go.
• MetaTrader 5: A Multi-asset trading platform and an improvement over MetaTrader 4.

Can I automate trading with Fusion Markets?

Fusion Markets offers other trading options. Specifically, they allow various types of copy trading. These include:

• Duplitrade: a service that allows you to examine other traders to see who is the best trader for you.
• Fusion+ Copytrade: a similar copy trading service.
• Myfxbook AutoTrade: a copy trading platform for forex.

How do I contact Fusion Markets?

When looking at the customer service department, user experience user reviews are generally positive.

That being said, they do not have a phone number or physical presence in Canada. If you contact them for customer support you will be speaking to agents outside the country.

Fusion Markets' email is: [email protected]

How do Fusion Markets referrals work?

Fusion Markets offers a referral program called Refer-A-Friend which is quite simple to use. All that is required is you send a referral link to your friends. Once they sign up, Fusion Markets will deposit $50 USD into your account. This is perhaps one of the easier referral methods to use.

What alternatives are there to Fusion Markets?

While Fusion Markets might be worth considering, there are a number of other platforms to consider. If you are new to day trading, consider reading our reviews of some of the Market Leaders within the day trading market and see how they compare to Fusion Markets. 

Did you like this article?

Alexandre Desoutter

Alexandre Desoutter has been working as editor-in-chief and head of press relations at HelloSafe since June 2020. A graduate of Sciences Po Grenoble, he worked as a journalist for several years in French media, and continues to collaborate as a as a contributor to several publications.