Fusion Markets is an Australia-based forex and CFD broker that offers competitive fees and strong customer service to its members. It will allow you to trade on over 90 currency pairs, energy, commodities and even cryptocurrencies.
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Fusion Market’s hands-on review
- Standard brokerage fee
- $4.50
- Support
- Phone, Email, Live chat
Our verdict
Access low fees and trade from a range of CFD products, all with a broker that puts customer service first.
Fusion Markets is a low-cost trading account that says it wants to deliver on low pricing, customer support and technology.
When I reviewed the broker, I found it ticked all of these boxes. Its fees are among the lower end, while its trading platform is relatively easy to navigate. Where I found the broker really differentiates itself from the others is its strong customer service focus.
On the downside, the broker has pretty limited education resources, relying on mostly news from other sources to inform its members. It also does not provide investor protections to its members.
Pros
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Great customer service
-
Low trading fees
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No inactive fees
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Simple-to-use trading platform
-
Cheap trading
Cons
-
CFDs are risky trading products
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Limited educational resources
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Investor protections lacking
Details
Share trading details
| Type of broker | Online, Mobile |
| Standard brokerage fee | $4.50 |
| Support | Phone, Email, Live chat |
Forex details
| Type of broker | Online |
| Available markets | 90+ currency pairs |
| Minimum Spreads for Major Currencies | 0.01 |
| Commission | $4.50 |
| Minimum opening balance | $0 |
| Minimum Trade Size | 10c per pip |
| Leverage | 500:1 |
| Platforms | MT4, MT5 |
| Support | Phone, Email, Live chat |
CFD details
| Type of broker | Online |
| Available CFD markets | Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Metals (CFDs only) |
| Minimum Opening Deposit | $0 |
| Minimum trade size | 0.1 lot |
| Platforms | MT4, MT5 |
| Support | Phone, Email, Live chat |
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:
- Live chat
- Phone
This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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Cameron Finder
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