Fusion Markets Review
Markets.com is a stock-exchange listed broker with 2 brands: MarketsX & MarketsI, one for CFD trading & the other for investment.
Fusion Markets Pros & Cons in 2021
- Low-Average CFD Trading Fees
- Markets.com Provides Trading Ideas
- Offers Negative balance protection
- Well Regulated in Top-tier Financial Markets
- It does not offer fundamental data
- Portfolio is limited mostly to CFD and Forex
- Not suitable for beginners
The broker is fully regulated. We have also checked it against scam and fraud.
What Is a Discount Broker?
Fusion Markets joined the other top brokers in 2010 and became a regulated forex broker, based in Australia and governed by the Australian Securities and Investments Commission (ASIC AR No1275590).
In terms of reputation, although they do not hold a banking license, Fusion Markets. as a private limited corporate authorised representative of Gleneagle Asset Management Limited, AFSL No 226199, managed to maintain a good satisfaction score and brand the brokerage company as a safe broker for forex trading.
The portfolio of products and services that Fusion Market offers are mainly around Forex, Energy, Metals, Equity Indices. Unlike some of the best cryptocurrency brokers, Fusion markets does not offer a large portfolio of crypto coins.
A positive point is that you have the flexibility to change the default leverage between 100:1 to 500:1.
For Forex & Metals, 20:1 to 500:1.
For CFDs, the maximum is 100:1.
For Cryptocurrencies, the maximum is 1:2.
After contacting their team, trying their platform, reviewing their services, and comparing Fusion Markets with other best forex brokers, our trading editors decided to rate this Australian brokerage company as follows:
- Best Discount Broker in Australia
- Low Fee Forex Trading Platform
You won't be charged any inactivity fees.
How Much Is Fusion Markets Fees?
When it comes to forex trading, beginner traders get confused and ask us:
“What is Discount brokerage service?”
“Is Fusion Markets a good broker for beginners?”
“How much commission does Fusion Markets Charge?”
“How much is Fusion Markets fees?”
Well, they are all valid questions, so we decided to break down trading fees and also dig deeper and evaluate Fusion Markets fees.
Generally, being able to change the default leverage is an advantage. Fortunately when trading with Fusion Brokerage Platform You Are Allowed to change the leverage.
Before you choose your broker, you must know what you are getting into. Like many other brokers, 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, and 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.
Let’s compare online brokers that are similar to Fusion Markets with another two online brokers: Pepperstone Review and IC Market Review. For this comparison scenario, let’s say you will perform a typical trade which means buying a leveraged position, holding it for 7 days and only sell it after that period.
* Volume: a $2,000 position for:
1) The stock Index
3) Forex transactions.
The leverage in these scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
Compare Fusion Markets Alternatives
Beginners need to fully understand the difference between Trading and Non Trading fees.
Whether a broker charges you a commission, spreads, or make money with hedging, you should be aware of your costs and the other fees that they might charge you.
Generally speaking, how CFD brokers make money varies from a broker to another.
The first channel is a fee when you perform any trade on their trading platform. This is called “Trading Fees” and appear in different forms such as:
- Financial Rates
- Conversion Fees
- Hedging strategies
Some of the other best CFD brokers also charge you “Non-trading fees” such as withdrawal fees, management fee, VIP Access fee, trading signals, deposit fees, and inactivity fees. These charges are not related to what metal, energy, indices, share, or CFDs you trade.
|Forex Scenario||Fusion Markets||Pepperstone||IC Markets|
|CFD Scenario||Fusion Markets||Pepperstone||IC Markets|
|S&P 500 index CFD fee||$1.7||$2||$2.5|
|Europe 50 index CFD fee||$2.2||$1.6||$1.9|
When trading with Fusion Markets, you can enjoy the power of Meta Trader 4.
Is Fusion Markets MT4 Platform good?
Even though in forex trading, commissions and spreads matter the most, but having access to the best online trading platform becomes very important to both beginner traders and experienced traders.
Different trading platforms enable you to do different things. For example, eToro came up with Portfolio Trading and Social Trading, FXTM offers Copy Trading. It appears that recently Fusion started to offer a new service called DupliTrade, which is similar to Copy Trading and social trading.
In Fact, DupliTrade is a copy trading platform that allows you to duplicate other trader’s strategies from DupliTrade into your Fusion Markets MT4 Account.
Fusion Markets also offer Multi-Account Manager, both MAM and PAMM to portfolio managers and professional traders.
In our tests, we really could not find that much of negativity since they even integrated news, market commentary and analysis in their platform.
Here is a summary of other features that you have when trading forex with this brokerage platform:
Since meta trader supports following languages, you should be fine to customise your platform to your preference.
Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French German Greek Hebrew Hindi Hungarian Indonesian Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese.
What is the Best Low Cost Trading Account?
What discount broker is good for Forex Trading?
Fusion Markets, which is primarily known as a forex brokerage firm offers two types of accounts:
- Zero Account: This account is best for professional traders. Spreads start from 0 pips and our AUD $4.50 commission.
- ECN Account: This is the account is best for beginners who want to keep things simple by avoiding calculating your commission before each trade. You will pay spreads from 0.8 pips with Zero commissions.
As a classic account holder you pay spreads but no commission, and as an ECN account holder you shall pay commissions.
When we talk about ECN Account (Electronic Communication Network), we actually relate to a bridging technology that is linking smaller market participants with its liquidity providers through a FOREX ECN Broker like Fusion Markets.
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. Register using your email address,
2. create Password.
3. Login 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.
Obviously, you can immediately use your demo account but if you decide to move forward and trade real assets on a live account, you must go through KYC process & provide your passport or ID along with proof of residency (something like a utility bill or bank statement).
We all know how important customer support is, especially when it comes to online trading. In fact, it is a significant factor because no one likes to face an issue and wait days to receive support.
Overall, Fusion Markets customer support team responds pretty fast via email, They are even better when you call them. They have a live chat and offer help in English but still far from having an end to end 24/7 customer support system.
Most of trading instruments and products are CFDs. The portfolio is not that comprehensive.
What Forex Instruments can you trade with Fusion Markets?
Should I Trade Crypto, Forex, or CFD?
As a discount broker, Fusion enables online traders to trade with competitive margins, and mostly no commissions on trades, so you can go long or short to trade the following stuff:
Energy such as:Crude Oil, Brent Oil and Natural Gas, Foreign Exchange
Metals such as: Gold, Silver, Zinc, Copper, Platinum
Commodity such as: Coffee, Wheat, Cocoa, Sugar
5 cryptocurrency pairs including Bitcoin, Dash, Ripple, Ethereum
CFD & Forex with 90 currency pairs.
With no minimum deposit and low commissions, it's one of the best brokers for beginners to start trading forex.
What broker offers the Best education?
Financial advisors always comment that market research tools are one of the great features that every online trader should use. Good news is that you have plenty of technical analysis and the latest research at your disposal when trading with this brokerage firm.
What Technical Insight Should a Forex Trader Use?
Conducting technical analysis and comprehensive research is an inevitable part of forex trading. Fusion offers a feature called Technical Insight that helps online traders to find opportunities through:
- Understanding Technical Analysis indicators
- Hands-on experience with Interactive Charts
- Create alerts on your favourite products
- Being able to view short and long term technical picture
- Monitor successful and popular trades in the market.
You will also have access to analyst views where you can glance through Fusion Markets’ trading portfolio including Forex, Commodities, and Indices. Additionally, unlike other market makers, you can publicly access their economic calendar or use trading calculators.
Does Fusion Markets offer Fundamental Data? No.
Does Fusion Markets offer Trading Ideas? No.
From an education point of view, if you are looking for well-researched articles, and trading strategies, to begin with, you may use our trading blog for beginners since we have hundreds of detailed reviews, tools tutorials, investment guides and articles (We do not offer investment advice and guarantees).
Fusion market has a public blog and economic calendar, but they don’t offer webinars and training materials that should be good for beginners.
Conclusion of Fusion Markets Review
There is always Pros and Cons. Overall Fusion markets is considered to be a safe forex broker since it is regulated by financial authorities in common wealth of Australia.
On the negative side, we can point out Fusion’s limited trading portfolio. Fusion does not offer decent education and trading materials and is not a good place to learn how to trade.
The positive side is more on having a fast customer support team that responds fast via email and phone call. If you use their live chat service you can even get answers in minutes. Fusion Forex Fees are pretty low when it comes to trading forex and you’d not be charged commission in most cases.
Setting alerts and customising the trading platform is also another advantage, thanks to MT4 engine. There is no minimum deposit for Fusion, so you can get onboard with no hassle.
If you search our list of Forex scam you will see that this brokerage company is fully regulated by
- (ASIC) in Australia also known as Australian Securities and Investments Commission
Follow these steps to learn how to open trading account:
1. Get ready with your email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Explain your trading experience and provide employment history
7. Provide identity and residency proof for activation.
The minimum deposit is $0.
- Regulated In Australia
- Low Forex Fees
- No Minimum Deposit
- Free deposit and no-cost withdrawal
- Opening account is fast and seamless