Serious day traders can also apply for a Pro account and, if they meet the broker’s criteria, will get higher leverage, a dedicated account manager and a queue jump if they need support. So if you are a forex trader looking for low costs, then Fusion Markets is an excellent choice of a broker. Given its stated expansion plans, we see strong potential for Fusion Markets to enhance its offerings in other areas. We think this is an average number of stocks and a little disappointing considering they have decided to have stock CFDs on offer.
Customer Support Channels
My biggest complaint is the expensive deposit fee for international wire transfers, which can reach $20 to $30. The 10 deposit currencies, including USD, AUD and EUR, will also suit global traders and should negate many conversion fees. The other bonus is the $0 minimum deposit, making the broker affordable for all types of traders. To improve its trust rating, I would like to see Fusion pursue licenses from other respected regulators and provide negative balance protection to all retail traders.
Concerning cTrader, it is available as a desktop (cTrader Desktop), web (cTrader Web), and mobile (cTrader Web) application. They all offer trading tools, such as time frames and indicators, in a simple and clean interface. All content on this site is for informational purposes only and does not constitute financial advice.
Additional Features
There is no minimum deposit required to open a Fusion Markets account. Their head office in Melbourne, Australia, also has very positive reviews. Similar (mostly positive) customer experiences can be found on social networks such as Reddit. Below, we have listed some of the more popular trading pairs and their spreads.
What is CFD Leverage?
In this article, we will give our honest review of Fusion Markets, containing its pros, cons, fees, and more. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Their response has been pathetic and stink’s of a dodgey broker, there sre so many positive reviews for this broker which i suspect have been paid for by fusion.
Fusion Markets delivers a powerful combination of trading platforms that cater to every type of trader. Fusion Markets gives traders access to four professional-grade trading platforms — MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. Each platform is designed to meet different trading styles, from beginners and discretionary traders to professionals using automated systems. The broker’s focus on flexibility and technology ensures a seamless trading experience across all devices. However, international bank wire transfers incur a $20 fee, which is standard among global brokers.
- Fusion Markets is lacking the research tools and trading physical stocks is not an option for the time being.
- Fusion Markets operates under a multi-entity structure, with different subsidiaries licensed by recognized regulators around the world.
- On the plus side, there is no minimum deposit, a free demo and commission-free trading in the Standard account that keeps pricing straightforward.
- Fusion Markets is a Vanuatu-based broker offering over 250 CFD instruments at ultra-low costs.
- According to Fusion Markets, most traders tend to start with a Classic account, but the ZERO account is the more popular option.
- Fusion Markets has over 90 forex pairs to trade, which is an excellent selection compared to most other brokers that offer between 50 and 60 pairs.
My verdict is that the broker’s content lacks breadth and scope as a whole. I counted 100+ walkthrough videos on the broker’s YouTube channel introducing traders to the several available platforms. Broadly, these explain how to use MT4, MT5, cTrader, and TradingView. Fusion Markets provides outstanding market research powered by Trading Central.
Commissions
Fusion Markets is an Australian forex broker that was founded in 2017 when it was granted its first licence in Australia. The company started started doing business with customers in June 2019, with its origins linked to a team of experienced professionals with over five decades of combined experience. Fusion Markets is the trading name of Gleneagle Asset Management, founded in 2010.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. We’ve used all three applications and they are reliable solutions for mobile traders, excelling for their stability and sophisticated charting tools. Fusion Markets does not offer a proprietary mobile app, but all its supported platforms have app compatibility; MT4, MT5, cTrader and TradingView. However, you can access all of the third-party platforms at Fusion Markets on mobile devices using their iOS or Android app iterations. My preference for mobile trading would be MT4 as I find it the most user-friendly on iOS, yet with all the powerful features integrated.
- However, international bank transfers typically take up to 5 business days to process.
- For smaller trades, a mini lot provides exposure to 10,000 units ($1 per pip), while a micro lot is equal to 1,000 units ($0.10 per pip).
- It is fairly common to find brokers charging for multiple withdrawals within the same month, in addition to a fee for outgoing wire transfers.
- This leaves you free to try out multiple trading strategies without time restrictions.
- In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
- It is important to note that signal providers can only earn income through performance fees or management fees on the slave accounts they manage.
Additionally, there are five base metals on offer, namely aluminium, copper, nickel, lead, and zinc. You can also trade energy products, including oil (both Brent Crude and WTI) and natural gas. For portfolio diversification, the broker also offers soft commodities like coffee, wheat, cocoa, and sugar. Other brokers often have a similar selection, adding currency trades for precious metals and a wide selection of soft commodities. The table shows that the spreads on the Classic account at Fusion Markets are extremely tight when compared to those of its competitors.
Fusion Markets does not omit any relevant information and is upfront about its safety mechanisms. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. I had a short conversation, but as always, I received a quick response. I’ve been with FusionMarkets for 3 years and have always been satisfied with and grateful for your support and assistance. Fusion Markets does not accept clients from the U.S., Japan, and a few restricted jurisdictions due to regulatory reasons. Upload your ID (passport or driver’s license) and proof of address (utility bill or bank statement).
Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms. I actually tried a coiuple of other CFD brokers but came back because their fees are just the lowest fusion markets broker review I’ve found. Dont bother with the Classic account if you day trade like me – stick to their Zero account and fire up their cTrader software (much better than their MetaQuotes options).
Fusion Markets is fully regulated by ASIC, which adds a strong sense of trust and reliability. Its support for MT4, MT5, cTrader, and TradingView makes it flexible for traders who prefer different styles and strategies. Customer support is also a highlight, with fast and friendly assistance available 24/7.
This won’t be an issue for advanced day traders but for beginners, education is an area where online brokers can really enhance the trading experience. TradingView is a popular web-based charting platform and social network for traders and investors. It offers extensive tools for technical and fundamental analysis across various markets, including stocks, forex, and cryptocurrencies. Users have access to advanced charts, hundreds of indicators, and drawing tools, while also being able to share ideas and learn from a global community of traders. There is no need to initiate a deposit to start trading with a demo account.
