Is Fusion Markets regulated?

The Fusion Markets broker is regulated by many financial authorities like:

• ASIC: Australian Securities and Investment Commission
• VFSC: Vanuatu Financial Securities Commission

Is Fusion Markets a scam?

Fusion Markets safety is divided into 2 parts, the safety of the broker itself and the safety of the client.

Broker safety

Fusion Markets has been founded since 2010 and has more than 10 years of trading experience. It has survived from different financial disasters since then up-till-now.

On the other hand, Fusion Markets is not listed on stock exchange.

Client protection

Although Fusion Markets is regulated by top-tier financial authority, there’s no client protection amounts or any kind of negative balance protection.

Fusion Markets provides a variety of trading products like forex, CFD, metals, commodities, equity indices, and cryptocurrency trading.

On the other hand, there’s no ETF, options, futures, or bonds trading at Fusion Markets.

Disclaimer: CFDs have a high risk of losing money rapidly. About 80% of retail investor accounts lose money due to leverage when trading CFDs with this provider. Please note that CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.

Learn more about CFDs for muslims.

Fusion Markets Offering of Investments

Social Trading

Fusion markets allows you to copy trades using two leading copy trading providers, Myfxbook and DupliTrade.

Note:

• Please note that some of the trading options may depend on your account type and / or your country of residence according to the governmental rules.
• FCA bans crypto trading for the EU traders from January 2021.

Countries available

Fusion Markets accepts clients from all over the world except some countries like Japan, New Zealand, North Korea and the United States.

Account types

Fusion Markets offers two types of accounts which are:

• Classic account
• Zero account

Both of the previous accounts have their own features and specifications. The following table shows differences between them.

Fusion Markets - Account comparison

Fusion Markets also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

On the other hand, Fusion Markets does not provide a swap-free account option for clients who are following islamic rules.

Min deposit

Fusion Markets offers no minimum deposit when you create your account which is great.

How to open an account

You can open an Fusion Markets account in minutes through these steps:

1. Enter your password and email.
2. Enter your name, phone number, and country of residence.
3. Choose your account settings like the account currency and some security questions.
4. Verify your identity by providing a proof of your identity and the country of residence.
5. Fund your account and start trading.

Fusion Markets - Account opening

Commissions

Fusion Markets provides low commissions on trading for the zero account. The commissions are as low as USD 2.25 per 1 standard lot or equivalent ($4.50 per round turn). The following table shows commissions by account currency.

Commissions by Currency

Trading Fees

Forex fees

The average spread for EUR/USD is 0.09 pips per lot.

Index fees

For the US500 of S&P500, the average spread is 0.39 pips per lot.

Disclaimer: CFDs have a high risk of losing money rapidly. About 80% of retail investor accounts lose money due to leverage when trading CFDs with this provider. Please note that CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.

Learn more about CFDs for muslims.

Metals fees

For gold and silver, the average spreads are 0.14 and 0.007 pips per lot respectively.

Commodity fees

• For the UK oil, the average spread is 0.15 pips per lot.
• For the Gas, the average spread is 0.08 pips per lot.

Non-trading fees

• Account fee: $0
• Deposit fee: $0
• Withdrawal fees: $0

(you can check the full withdrawal fees in withdrawal fees section)

• Inactivity fee: $0

Account Currencies

The Fusion Markets account has 8 currency options which are:

• USD
• EUR
• AUD
• CAD
• GBP
• JPY
• SGD
• THB

Notes:

• You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
• If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

1. Options

Fusion Markets supports depositing using different methods such that:

• Paypal
• Paysafe (formerly Skrill)
• Neteller
• Visa
• Mastercard
• Perfect Money
• FasaPay
• Wire transfers

Fusion Markets deposit methods

2. Fees

Fusion Markets does not charge fees on funding your account if you fund with Visa or Mastercard. Also wire transfers from Australia to Australian accounts incur no fees.

On the other hand, if you deposit your money from an international bank, there will be a fee of $20-$30.

3. Time

Depositing using credit/ debit cards or electronic wallets happens instantly while using bank transfers, it may take 2- 5 business days.

Withdrawal

1. Options

Fusion Markets has several withdrawal options as the following:

• Skrill
• Neteller
• PayPal
• Perfect Money
• Bank transfer
• Visa
• Mastercard
  
  

Fusion Markets withdrawal methods and fees

2. Fees

Fusion Markets does not charge any withdrawal fees on bank transfer and other withdrawal methods as well. On the other hand, but your bank may use an intermediary bank where fees are between $15-$25.

Fusion Markets also apologies a minimum withdrawal amount of $30 for wire transfers which is free of charge for Australian clients.

3. Time

Fusion markets will process your withdrawal on the same day if your withdrawal was received before 11 am AEDT. Otherwise, it will be processed the next day.

Fusion Markets makes sure to make you receive your money within 1 - 5 business days for credit/ debit cards while the time of bank transfers may be 2 - 5 business days.

Notes:

• Depending on the method that you used to fund your account, funds will be returned or ‘matched’ to this method first.

Fusion Markets works on two main platforms which are the MT4 and MT5 trading platforms. In this section, we will discuss each aspect of them ion detail.

MT4 Platform

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

MT4 - Mobile Version - UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has two different options:

• You can search by categories and find assets.
• You can also type the name of the asset and search for it manually.

MT4 - Mobile Platform - Search

Placing orders

MT4 has a simple order types which are:

1. Market
2. Limit
3. Stop
4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good 'til canceled’ (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

MT4 - Mobile Version - Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

MT4 - Mobile Version - Portfolio

MT5

MT5 is a free application for traders allowing them to perform technical analysis and trading operations in the Forex and exchange markets.

Languages

MT4 does support over 20 languages including English, French, Spanish, Italian, Japanese, and Chinese.

User interface (UI)

MT5 was launched in June, 2010. It has about 1 million users worldwide. It also has a good interface which is similar to MT4 with the main functionalities available. MT5 is more suitable for advanced traders.

MT5 desktop version

MT5 - Mobile Version

Security

MT4 encrypts your trading data with all of your information from cyber attacks as well as not revealing your IP address while trading using the platform.

From a login perspective, MT4 has a two-step verification method as well to protect your account from hacks.

Research

MT5 offers financial and forex news from international agencies and provides a daily broadcast of dozens of newsletters from global events. MT5 also provides you with powerful and clear searching tools.

MT5 search

Placing orders

MT5 has the same order types as the MT4 platform which are:

• Market
• Limit
• Stop
• Trailing stop

In addition to these 5 order types, the MetaTrader 5 platform has two more order options which are:

• Buy stop limit
• Sell stop limit

Like the MT4, MT5 has ‘stop loss’ and ‘take profit’ options while trading as well.

Notifications and alerts

MT5 has instant notifications and alerts in its system to never miss an opportunity in the market.

Reports

The MT5 platform carries news reports from international news agencies and also sports an economic calendar.

Sources

The research tools come from the Fusion Markets’ website.

Trading ideas

Fusion Markets provides a trading ideas section with wi=hich you can decide what product to trade.

Fusion Markets - Research - Trading Ideas

Economic Calendar

The economic calendar of Fusion Markets is very helpful in order to know the important upcoming financial events and never miss a one.

Fusion Markets - Research - Economic Calendar

Charting

Fusion Markets has a good charting tool where you can choose from a variety of indicators and recognize patterns.

Fusion Markets - Research - Charting

Newsfeed

Fusion Markets gives you a good newsfeed feature to know the latest news and be updated.

Fusion Markets - Research - Newsfeed

Other tools

Fusion Markets also provides other research tools like:

• MyFxbook autotrade
• Dupli Trade copy trading

Options

Fusion Markets supports different customer service channels like:

• Live chat
• Email
• Phone call

Languages

The languages available for customer service are many with the support of major languages like English and Thai.

Fusion Markets - Customer Support

Fusion Markets provides a demo account in order to trade with %0 risk.

On the other hand, there’s no educational materials like videos, tutorials, or webinars.

• 1. How long does it take to verify my account?
• It takes about 1 business day to verify your Fusion Markets account.
  1. Can I open more than one trading account?
• Yes, Fusion Markets allows you to open more than one trading account.
  1. Does Fusion Markets allow bot trading?
• Yes, it does.
  1. Does Fusion Markets give a bonus?
• No, it doesn’t.
  1. Does Fusion Markets allow hedging?
• Yes, Fusion markets allow hedging.
  1. Does Fusion Markets offer a swap-free account?
• Unfortunately, Fusion Markets does not provide swap-free or an islamic account options.
  1. How do I login using the MT4 mobile platform?
• Steps:

1. Go to ‘Settings’

2. Click on 'Manage Accounts' or 'Settings'

3. Then click on the small plus sign or select 'New Account'

4. Then select 'Log in to an existing account'

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on 'Sign In'

• 1. When will my demo account expire?
• After 30 days.
  1. Can I login to more than one account from the same computer?
• Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
• Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.
  1. Does Fusion Markets accept payments from third parties?
• No, the payments should be under the account name in order to be accepted.

Conclusion:

• Pros: social trading, low trading fees, two-step verification
• Cons: not listed on stock exchange, no negative balance protection, no educational materials
• Best for: beginners
• Regulated by: ASIC and VFSC
• Headquarters: Australia
• Foundation year: 2010
• Min Deposit : $0
• Deposit and withdrawal methods: credit/ debit cards, electronic wallet, bank transfer
• Deposit and withdrawal fees: $0
• Base currencies: USD, EUR, AUD, CAD, GBP, JPY,SGD, THB
• Offering of investments: forex, CFD, energies, metals, indices