Fusion Markets Review 2020

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Fusion Markets review


Fusion Markets Review 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


Fusion Markets review Fusion Markets Review:
Best Discount Forex Broker in 2020


As one of the best forex brokers and CFD brokers based in Australia, Fusion Markets is serving traders since 2010.

In Australia, Fusion Markets is governed by Australian Securities and Investments Commission (ASIC).
In terms of safety, even though they do not hold a banking license, they maintain a good reputation as a safe broker, regulated by top tier financial authorities.
The portfolio of products and services that Fusion Market offers are mainly around Forex, CFD, and Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Fusion Markets as an option for:

  • Best CFD broker
  • Best discou forex broker
  • Low fee online trading platform
  • You can also find other options and review the best forex brokers or glance through our list of best CFD brokers that our editorial team has reviewed this month, alongside other online brokers.

    Fusion Markets pros and cons

    Since 2010, Fusion Markets offers low trading free with no minimum deposit options for online traders.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process which is a great advantage.
    When it comes to fees, CFD trading fees that Fusion offers is low, yet they have slightly higher EUSTX50 fee in comparison with other similar competitors that we've reviewed in this guide.

    There is always a flip side of the coin and it is Fusion Market's lack of trading ideas, and fundamental data.

    If you wish to compare Fusion Markets with other alternativve online Brokers, click here, otherwise keep reading.



    best cfd broker
    Best discount broker for Forex
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $0

    Withdrawal Fees:

    Free

    Investor Protection:

    No

    Regulated:

    YES, Australia

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Crypto, Forex

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.05 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    Fusion Markets Pros and Cons

    Since 2010, Fusion Markets offers low trading free with no minimum deposit options for online traders.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process which is a great advantage.
    When it comes to fees, CFD trading fees that Fusion offers is low, yet they have slightly higher EUSTX50 fee in comparison with other similar competitors that we've reviewed in this guide.

    There is always a flip side of the coin and it is Fusion Market's lack of trading ideas, and fundamental data.

    If you wish to compare Fusion Markets with other alternativve online Brokers, click here, otherwise keep reading.


    How Much is Fusion Markets Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.41 average spread cost, which is considered to be low.
    ✓ For GBPUSD the fee is $2.25 for each lot per trade, which is considered to be low.
    ✓ For EURUSD the fee is $2.25 for each lot per trade, which is considered to be low.
    ✓ There is no inactivity fee which is also considered good.


    TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
    Some other positive points are:


    best cfd broker
    Pros

    Free deposit and no-cost withdrawal

    Low forex fees (Lowest in the market till this date of review)

    No Inactivity Fees

    Opening account is fast and seamless


    best cfd broker
    Cons

    Lack of educational materials

    There is no 24/7 support service yet

    Limited portfolio to Forex FX, and CFD



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked Fusion Markets fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Pepperstone and IC Markets,
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    Fusion Markets

    Best discount Forex Online broker (Low Fees)


    4.05

    Minimum Deposit

    $0

    Trade Now

    Fusion Markets Trading fees

    Fusion Markets, which is primarily known as a forex or CFD broker offers 2 types of accounts: Classic & ECN.
    As a classic account holder you pay spreads but no commission ,and as an ECN account holder you shall pay commissions.
    Let's deep dive and have a look at Fusion Markets's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.

    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 5:1 CFD
    • 30:1 forex
    • Stock CFDs are Apple & telecommunication giant Vodafone


    Here is the tabular view of Fusion Markets's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    Index CFD Fees

    Fusion Markets

    Pepperstone

    IC Markets

    S&P 500 CFD

    $1.7

    $2.0

    $2.5

    Europe 50 CFD

    $2.2

    $1.6

    $1.9


    Forex Scenario

    Benchmark Fee

    Fusion Markets

    Pepperstone

    IC Markets

    EURUSD

    $12.8

    $14.9

    $15.8

    GBPUSD

    $9.4

    $12.5

    $12.1

    AUDUSD

    $7.4

    $11.9

    $10.6

    EURCHF

    $2.0

    $3.7

    $4.8

    EURGBP

    $7

    $10.6

    $9.9


    One good thing about Fusion Markets is that it operates in majority of countries and there is no minimum deposit requirements.
    To start trading Fusion Markets does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not Fusion Markets offers a demo account to practice..


    Fusion Markets's Online Trading Platform

    Fusion Markets has all 3 platforms, mobile app, desktop and web trading platforms. One fun part is the search functionality: You can easily search for the assets in categories but unfortunately you can not manually search the assent's name.
    Their online trading platform is powered by MetaTrader 4

    If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    Unfortunately you can not add extra layers of security because at this moment it does not offer two-step login feature.
    The UI & UX of Fusion Markets trading platform is unique and user friendly.
    At a glance it looks like this:




    You should not be worried if English is not your strength, because Fusion Markets online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, Fusion Markets customer support team responds pretty fast via email, They are even better when you connect with them on a phone call. They have a live chat and offer help in English but still far from having an end to end 24/7 customer support system.

    Fusion Markets

    Best discount Forex Online broker (Low Fees)


    4.05

    Minimum Deposit

    $0

    Trade CFD Now

    What can you trade on Fusion Markets

    Products, Portfolio and Markets

    The trading options that are available to you at Fusion Markets are:

  • CFD
  • Forex
  • Cryptocurrency
  • Fusion Markets is good for Forex and CFD and when it comes to comparing their currency pair selection, you will see the greatness in it.
    General Tip: When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements)
    At Fusion Markets setting the maximum level of leverage is possible with rang of 100:1 to 500:1. Since the company is regulated in Australia, these levels are pretty higher than EIU.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Online Now Important Tip: You can change the leverage from 100:1 to 500:1

    Currency pairs:

    86

    Stock index CFDs:

    12

    Stock CFDs:

    ---

    ETF CFDs:

    ---

    Commodity CFDs:

    15

    Bond CFDs:

    ---

    Future CFDs:

    ---

    Cryptos:

    4


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
    Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.



    How to open account on Fusion Markets.


    As discussed above, you can hold 2 typed of broker account: a classic account or an ECN account. You can expect a very easy, smooth and professional process to open your account with Fusion Markets. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demo account

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). It is very easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with Fusion Markets.

    in brief follow these 6 steps for account opening at Fusion Markets:

    1. Get ready with you email address
    2. Create Password.
    3. Head to your profile
    4. Complete the profile by adding the residency and personal details
    5. Select your account type & base currency.
    6. Provide identity and residency proof for activation.

    Fusion Markets review

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on Fusion Markets and customise it (This is not available on web platform). For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
    No matter you use desktop or mobile for your trading, you can get different kind of notifications.

    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in Fusion Markets, It's kinda easy and you can see a structured cash flow and other financial related reports.

    Fusion Markets review
    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best blog is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    Fusion Markets education is not that complete. You will get a demo account to begin practicing but there is not much training or tutorials available.

    When it come to The research, the design is not that modern, but the charts and charting is fairly easy to handle.
    On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good analysis.You have 31 technical indicators at your disposal including trendlines and Fibonacci retracement.

    Our Take


    After careful evaluation, we believe Fusion Markets is a decent online broker with somes ups & downs. If you are interested in FX Forex trading or CFD, its a good option with very low trading fees.
    but if You are looking for other options, I am afraid it is not that satisfactory. Some other reasons to go to Fusion Markets Online brokerage service could be it's regulation, as it is supervised by several financial authorities globally.

    Good thing is that Fusion Markets's fees on forex and stock index CFD are low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process.
    On the negative side, Fusion Markets's lack of educational materials and a bot outdated trading platform.


    Fusion Markets

    Best discount Forex Online broker (Low Fees)


    4.05

    Minimum Deposit

    $0

    Start Trading