Fusion Market’s hands-on review

About Fusion Markets

Fusion Markets is an Australian forex and CFD provider founded in 2010. With its head office out of Melbourne, the broker boasts clientele around the world, with New Zealand and the United States being notable exceptions.

In addition to forex, users can trade CFDs on stocks, ETFs, cryptocurrencies, commodities and precious metals. It offers the industry-standard platforms MetaTrader 4 and the next-generation MetaTrader 5.

Why trade with Fusion Markets?

There are a few reasons why you could sign up with Fusion Markets.

For those that are newer to the market, you might favour signing up due to it being an easy-to-use platform and the broker having a strong emphasis on its customer service.

If you're a more experienced trader, you'll probably find Fusion fairly competitively priced.

Is the broker legit?

Fusion Markets is registered with the Australian Securities Investment Commission (ASIC) as well as the Vanuatu Financial Services Commision.

On popular user review sites, it has received strong feedback, with users pointing to good customer service, a range of products and some fees on the lower end.

At the time of writing it had:

Forex Peace Army: 4.6/5

AU Trustpilot: 4.6/5

What can you trade with Fusion Markets?

If you sign up with Fusion Markets, you'll have the option to trade a number of products including:

• Forex: 90+ currency pairs to trade
• Energy: Trade crude oil, brent oil and natural gas
• Precious metals: You can go long or short on gold, silver, zinc, copper, platinum and more
• Equity indices: Trade the largest markets in the world
• Cryptocurrencies: Trade assets including Bitcoin, Ethereum, Litecoin, Stellar and EOS
• Shares: Trade over 100 of the world's largest US equities

Account types and fees

Fusion Markets offers 2 types of trading accounts, although what you can trade is the same for both.

Instead, it will alter how you pay fees.

Zero account

This account is probably for the more experienced traders, with fees changing depending on what you trade.

The company highlights that spreads start from 0 pip, with a $4.50 commission, making it one of the more competitive offers on the market.

Classic account

If you're new to trading and want your fees to be straightforward the Classic account could work for you.

It avoids the need for calculating commissions. Instead, it will charge spreads starting from 0.8 pips with the commission fee included in the spread.

Educational resources

Fusion Markets provides handy tips and tricks for investors

Blog resources

When it comes to providing basic information for traders, Fusion Markets can help get you started.

The company has a number of beginner guides under its blog tab which can help you learn how to trade.

Built-in news feed

In a handy shortcut for traders Fusion Markets puts news feeds into its platform.

All you have to do is choose where you want to get information from.

Built-in sentiment tracker

If you're unsure on a trade or you want to take on a contrarian view to the market, you can through a sentiment analysis.

How do you open an account?

You can apply for a Demo, Zero or Classic account.

When you open an account with Fusion Markets, you'll have the option of choosing your preferred account type along with your platform of choice (MT4 or MT5).

You'll need to have a few details around when you go to fund your account:

• Home address
• Complete an online test to prove basic competency
• Payment method
• Option 1: 2 photo IDs such as passport and driver's licence
• Option 2: 1 photo ID plus 1 proof of address such as bank statement or bill

After you've been approved, you can download your platform of choice and start trading.

Deposit methods: Visa, Mastercard, PayPal, BPAY.

Customer support

Customer service is where I think the broker really separated itself from its competition. I received a reply to my queries in just a few moments. I found the staff went above and beyond.

You can contact the provider through:

• Email
• Live chat
• Phone