General Information
Located in Melbourne, Australia, Fusion Markets is the brainchild of a collection of veteran forex traders. Fusion Markets offers trading in currency pairs, precious metals, commodities, and more.
Fusion Markets is a clone firm that operates in the financial market. However, it is important to note that Fusion Markets is not regulated by the Australia Securities & Investment Commission (ASIC) and has received negative reviews, raising concerns about potential scams and risks. It is advised to exercise caution and consider alternative regulated brokers when engaging in financial activities.
Despite its status as a clone firm, Fusion Markets offers a range of market instruments for trading. Traders can access forex trading with over 90 currency pairs, 24/5 availability, and low spreads. The platform also allows trading in energy markets such as Crude Oil, Brent Oil, and Natural Gas, as well as precious metals like Gold, Silver, Zinc, and more. Additionally, Fusion Markets provides opportunities to trade equity indices, commodities, and Share CFDs on major equities from the USA.
Fusion Markets offers two account types: the ZERO Account, which is popular among experienced traders and features low-cost trading with spreads starting from 0 pips and a commission of AUD $4.50 per trade, and the Classic Account, which is suitable for beginners and offers spreads starting from 0.9 pips without a separate commission. The platform also provides a DEMO Account for practice purposes.
In terms of trading platforms, Fusion Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their respective mobile apps. These platforms provide access to a variety of trading tools, including analyst views, technical analysis indicators, market buzz AI summaries, virtual private servers (VPS) for uninterrupted trading, social trading platforms like Myfxbook AutoTrade and DupliTrade, and an economic calendar to keep traders informed about upcoming events and announcements.
While Fusion Markets provides several trading tools and options, it is important to consider the risks associated with trading in unregulated clone firms. Traders should carefully assess their risk tolerance and conduct thorough research before engaging with Fusion Markets or any similar entities.
Here is the home page of this brokers official site:
As per its website, Fusion Market is the trading name of Glenagle Asset Management Limited (GAML), which holds an Australia Securities & Investment Commission (ASIC) with regulatory license number 226199. Besides, Fusion Market also claims that it is authorized and regulated by VFSC in Vanuatu. However, we found these two licenses are fake ones by checking this company on the related regulation website. Fusion Market is posing as a legit broker trying to scam brokers.
Note: The screenshot date is February 6, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Pros and Cons
Based on the information provided, Fusion Markets has several pros and cons. It's important to note that Fusion Markets is identified as a clone firm and not regulated by the Australia Securities & Investment Commission (ASIC). The license number mentioned (226199) is associated with a different entity, Gleneagle Asset Management Limited. The warning states that Fusion Markets has received negative reviews and warns users to be cautious of potential scams and risks.
In terms of market instruments, Fusion Markets offers a wide range of options including forex, energy, precious metals, equity indices, commodities, and share CFDs. However, there are potential risks associated with market volatility and fluctuations in prices.
Fusion Markets offers two main account types: the ZERO Account and the Classic Account. The ZERO Account is suitable for experienced traders with its low-cost trading and commission structure. The Classic Account is more suitable for beginners as it offers simplicity and ease of use.
The leverage offered by Fusion Markets is high, with a maximum of 1:500. While this can amplify potential gains, it also increases the risk involved, especially for inexperienced traders.
Fusion Markets provides various trading platforms such as MetaTrader 4 (MT4), MT4 Mobile Apps, WebTrader for MT4, and MetaTrader 5 (MT5). Each platform has its own unique features and benefits, but there may be limitations in terms of customization options, availability of educational resources, and integration with third-party systems.
Additionally, Fusion Markets offers a range of trading tools including analyst views, technical insight, market buzz, a virtual private server for uninterrupted trading, Myfxbook AutoTrade, DupliTrade, and an economic calendar. These tools aim to empower traders and provide them with an edge.
Market Instruments
Tradable financial instruments available on the Fusion Markets include the following: forex, energy, precious metals, equity indices, commodities and share CFDs.
Forex: Fusion Markets provides the opportunity to trade in the forex markets with a wide range of currency pairs. Traders can benefit from low spreads, no dealing desk execution, and 24/5 access to the market.
Energy: Fusion Markets offers the ability to trade Crude Oil, Brent Oil, and Natural Gas. Traders can take advantage of, no commissions on trades, and the availability to go long or short in these volatile markets.
Precious Metals: With a Fusion Markets account, traders can participate in the trading of precious metals such as Gold, Silver, Zinc, Copper, Platinum, and more. The platform allows for both long and short positions with low-cost transactions.
Equity Indices: Fusion Markets enables traders to access major equity markets through CFDs (Contracts for Difference) on major indices. By trading these instruments, traders can enjoy cost-effective trading, low spreads, leverage, and the ability to take both long and short positions.
Commodities: Fusion Markets offers trading opportunities in everyday commodities such as coffee, wheat, cocoa, sugar, and more. Traders can benefit from low pricing, the ability to go long or short, and no exchange fees or trading commissions.
Share CFDs: Fusion Markets allows traders to trade Share CFDs on 100 of the largest equities from the USA through the MetaTrader 5 platform. These trades come with $0 brokerage fees, providing a cost-effective way to participate in the equity market.
Account Types
In terms of the minimum initial deposit, Fusion Markets offers two account types: Zero and Classic, with no minimum deposit requirement. The broker also offers free demo accounts.
The ZERO Account:
The ZERO Account is the most popular account among Fusion traders. It is designed for individuals who have previous trading experience, understand how commission sizing works, and tend to be more active in their trading. This account offers spreads starting from 0 pips and an industry-leading commission of AUD $4.50. It appeals to traders who are comfortable with the commission structure and prefer low-cost trading.
The Classic Account:
The Classic Account is suitable for beginners who prefer a straightforward approach to trading without the need to calculate commissions before each trade. Spreads on this account start from 0.9 pips, and it does not charge any separate commission. This account type provides simplicity and ease of use for traders who are starting out and want a hassle-free trading experience.
In addition to these two account types, Fusion Markets also offers a DEMO Account, which allows traders to practice and familiarize themselves with the platform without risking real money. The DEMO Account is a valuable tool for new traders to develop their skills and strategies before venturing into live trading.
Leverage
The maximum leverage is up to 1:500, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Fusion Markets offers Zero accounts with spreads from 0.0 pips and A$4.50 commission, while the Classic accounts have spread from 0.8 pips with zero commissions.
Trading Platform
Fusion Markets offers a range of trading tools to cater to the needs of traders. These tools include MetaTrader 4 (MT4), MT4 Mobile Apps, WebTrader for MT4, and MetaTrader 5 (MT5). Each platform provides unique features and benefits, enhancing the trading experience.
MetaTrader 4:
MetaTrader 4 (MT4) is considered the industry standard in FX trading. It offers a fast, and stable trading experience. While many brokers offer this platform, Fusion Markets enhances it with unique technology, such as low pricing, fast execution (0.02ms), and connectivity to the proprietary Fusion Hub for account management. The platform can be accessed through desktop applications for Windows and Mac, as well as mobile apps for iPhone, Android, and tablets.
WebTrader for MT4:
With WebTrader for MT4, traders can access the MetaTrader 4 platform directly through their web browser, eliminating the need for software installation. It allows trading from any desktop computer using Windows, Mac, or Linux, as long as there is an internet connection. The WebTrader offers features such as one-click trading, trading history, real-time quotes, and a variety of technical analysis tools.
MT4 Mobile Apps:
Fusion Markets provides mobile apps for MetaTrader 4, enabling traders to manage their accounts, open or close positions, check live pricing, and utilize popular analytical tools on their smartphones or tablets. The mobile apps are available for both iOS (iPhone/iPad) and Android devices.
MetaTrader 5:
MetaTrader 5 (MT5) is the latest platform offered by MetaQuotes and powered by Fusion Markets. It is designed to be multi-asset, allowing traders to connect to multiple exchanges and access various markets. MT5 offers features such as trading Forex, Stocks, Futures, and more as CFDs, faster processing speeds, advanced pending orders, over 80 technical analysis objects, market depth, full EA (Expert Advisor) functionality with MQL5, and a built-in Virtual Private Server (VPS).
Trading Tools
Fusion Markets offers a comprehensive range of trading tools designed to empower traders.
Analyst Views:
Fusion Markets provides analyst views that offer quick, actionable insights on the market. These views cover a wide range of products, including Forex, Commodities, Shares, and Indices. Trade setups are provided and updated in real-time, along with key support and resistance levels, alternative scenarios, and comments and reasons for the trade. These views are also available as a custom indicator on the MT4/MT5 platforms.
Technical Insight:
The Technical Insight tool empowers traders of all skill levels to view opportunities in the market. It offers detailed, proactive analytics, educational guidance, and customizable options. Traders can learn more about technical analysis indicators, work with interactive charts, create alerts on favorite products, and view the short, medium, and long-term technical picture. Additionally, they can see the most popular trades in the community.
Market Buzz:
Market Buzz is a tool that harnesses the power of cutting-edge Artificial Intelligence (AI). It sifts through thousands of articles and sources to summarize the wisdom of the crowd for traders. It provides insights on hot topics, detects news types including price movement and news announcements, displays the ratio of social media commentary vs. professional financial media, and shows the buzz meter to gauge the level of attention a specific instrument.
Virtual Private Server for Forex Trading:
Fusion Markets offers a Virtual Private Server (VPS) option for uninterrupted trading. Traders can connect their trades 24/7 on a virtual machine, eliminating connectivity issues. There are two VPS options available: the Sponsored VPS, which is complimentary for clients trading more than 20 lots of FX or Metals in a 30-day period, and the New York City Servers VPS, which provides a low latency solution for traders.
Myfxbook AutoTrade:
Myfxbook AutoTrade is a social trading platform that allows traders to follow and copy successful traders from the Myfxbook community. It offers the benefit of showcasing only the best run systems, live accounts with real trading activity, no volume-based incentives, and the freedom to add or remove systems on the trader's account.
DupliTrade:
DupliTrade is a user-friendly copy trading platform offered by Fusion Markets. It allows traders to duplicate the actions of successful traders hand-picked by DupliTrade into their Fusion Markets MT4 account. DupliTrade focuses on a handful of strategies with strict selection criteria, offers an easily automated trading process, and provides 24/5 support for platform-related queries.
Economic Calendar:
Fusion Markets provides an economic calendar to keep traders informed about upcoming economic events, announcements, and data releases that may impact the markets.
Deposit & Withdrawal
DEPOSIT:
There is no minimum deposit amount at Fusion Markets, allowing you to start with whatever amount you feel comfortable with. However, most clients tend to fund their accounts with $1500 and above. While there is no charge for funding your account with Visa or Mastercard, if you choose to fund via bank wire from an international account to Fusion's Australian trust account, there may be fees ranging from USD $20 to $30. These fees are dependent on the intermediary bank, and Fusion is not responsible for any charges imposed by them. The time it takes for your deposit to be posted depends on the method used. If you fund with Visa or Mastercard, the deposit should be credited instantly, but for international bank wire transfers, it may take 2-3 business days or up to 5 business days depending on the country.
MODES OF PAYMENT/DEPOSIT:
Fusion Markets offers various payment methods to provide options to its clients. You can fund your account fee-free through Visa, MasterCard (credit & debit), PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Cryptos, or bank wire. Clients from the Philippines, Thailand, Malaysia, Indonesia, and Vietnam also have the option to use local bank transfer.
WITHDRAWAL:
Withdrawals can be made through Bank Wire, Credit or Debit Card, Skrill, and Neteller. If you choose to withdraw using a Debit or Credit Card, the original deposit made must be “refunded” back to the card. The processing time for withdrawals is as follows: withdrawals received by 11 am AEDT are processed on the same day, while requests received after that time are processed on the next business day. The time it takes to receive your funds varies depending on the withdrawal method, typically ranging from 1-5 business days for credit and debit cards and 2-5 business days for bank wires.
However, Fusion Markets only accepts deposits and withdrawals from accounts that match the account holder's name. Transactions from or to a third party are not permitted.
Trading Hours
Fusion Markets is open around the clock Monday through Friday. Session times vary based on the market hours of their products, but these are all clearly listed on the companys website under their Trading Conditions section.
Customer Support
The Fusion Markets customer support can be reached by telephone: +61 3 8376 2706, email: help@fusionmarkets.com or Telegram, as well as some social media platforms including Twitter, Facebook, Instagram and YouTube. Melbourne Headquarters Address: Level 10, 627 Chapel St South Yarra VIC 3141 Australia.
Accepted Countries
Fusion Markets does not accept clients from certain countries due to local laws and regulations. The blocked countries include Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Palestine, Russia, Somalia, Sudan, Syria, Ukraine, Ontario, Yemen, the United States, and its territories. It is important to note that Fusion Markets is unable to provide services to residents of these countries due to the legal and regulatory restrictions in place.
Customer Support
Fusion Markets provides customer support through various channels. Customers can contact them via telephone at +61 3 8376 2706 or through email at help@fusionmarkets.com. They also offer customer support via Telegram and have a presence on social media platforms such as Twitter, Facebook, Instagram, and YouTube.
Fusion Markets has a Melbourne headquarters located at Level 10, 627 Chapel St, South Yarra VIC 3141, Australia. Additionally, they have addresses in other locations, including the Govant Building, BP 1276 Port Vila, Vanuatu, and CT House, Office 9A, Providence, Mahe, Seychelles.
Conclusion
In conclusion, Fusion Markets is a clone firm that operates without regulation from the Australia Securities & Investment Commission (ASIC). The company has received negative reviews and users are advised to exercise caution and consider alternative regulated brokers. Fusion Markets offers a wide range of market instruments, including forex, energy, precious metals, equity indices, commodities, and share CFDs. However, there are potential risks associated with volatile markets, fluctuating prices, and market volatility. The platform provides multiple account types, including a ZERO Account with low-cost trading and a Classic Account for beginners. Fusion Markets offers various trading platforms such as MetaTrader 4 and MetaTrader 5, along with trading tools like analyst views, technical insight, market buzz, virtual private servers, and copy trading platforms. However, there may be limitations in terms of customization options, availability of educational resources, and integration with third-party trading systems.
Frequently Asked Questions (FAQs)
WikiFX
