Fusion Markets

Fusion Markets is an Australian-based forex and CFD broker established on 9 July 2019. The company operates under the legal name Gleneagle Asset Management Pty Limited and is headquartered at Level 10, 627 Chapel St, South Yarra, VIC 3141, Australia. It has quickly gained a reputation as a low-cost, execution-focused broker, appealing to both retail and professional traders.

The broker is regulated in two jurisdictions: it holds an Australian Securities and Investments Commission (ASIC) Market Making License (MM) with the number 385620, and a Seychelles Financial Services Authority (FSA) Derivatives Trading License (EP) with the number SD096. The ASIC license is considered 'Regulated', while the FSA license is classified as 'Offshore Regulation'. This dual regulation provides a layer of oversight, though traders should be aware of the different levels of protection offered by each.

Fusion Markets offers a choice of four industry-standard trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. This variety allows traders to select the platform that best suits their trading style, whether they prefer the familiar interface of MT4, the advanced features of MT5, the professional tools of cTrader, or the charting capabilities of TradingView.

All platforms are available for both desktop and mobile devices, ensuring traders can monitor and manage their positions from anywhere. The broker also provides demo accounts, allowing users to test the platforms and their strategies without risking real capital.

Fusion Markets offers three main account types to cater to different trading needs. The Classic account has no minimum deposit and offers spreads from 0.9 pips, making it a straightforward option for most traders. The Zero account features spreads from 0.0 pips and charges a commission of $4.5 per round turn, appealing to scalpers and high-volume traders who prefer raw spreads. The Swap Free account, with spreads from 1.4 pips and no commission, is designed for traders who wish to avoid swap or rollover interest charges, often for religious or personal reasons.

While the minimum deposit for the Classic account is $0, the minimum deposit for the Swap Free and Zero accounts is not disclosed. Leverage details are also not specified for any account type, though the company description mentions leverage up to 1:500.

Fusion Markets provides access to over 250 trading instruments across multiple asset classes. These include major, minor, and exotic forex pairs, as well as energy commodities like oil and natural gas, precious metals such as gold and silver, equity indices, and individual stocks. This broad range allows traders to diversify their portfolios and take advantage of opportunities in different markets.

The broker does not disclose the full list of instruments or the specific funding and withdrawal methods available, but user reviews indicate that a variety of withdrawal options are offered, including cryptocurrency.

Fusion Markets is known for its competitive pricing, with spreads starting from 0.0 pips on the Zero account. The Classic account offers spreads from 0.9 pips with no commission, while the Swap Free account has spreads from 1.4 pips and no commission. The Zero account charges a commission of $4.5 per round turn, which is relatively low compared to industry standards.

It is important to note that while the broker advertises low costs, some users have reported additional charges from payment providers when depositing funds. For example, one reviewer noted that a deposit of 100 USD was charged a 5% fee by the payment provider, resulting in a rate of 100 INR per USD instead of the market rate of 95 INR. Traders should consider such potential fees when planning their funding.

Fusion Markets places a strong emphasis on customer support, offering 24-hour service to assist traders with their queries. User reviews frequently praise the support team for being responsive, patient, and effective, with many naming specific agents who provided excellent assistance. The broker also offers support through multiple channels, including live chat, email, and phone.

While the majority of feedback is positive, a few users have reported less satisfactory experiences, such as unhelpful responses or delays in resolving issues. However, these appear to be isolated incidents, and the overall sentiment towards customer support is highly favourable.

Fusion Markets is well-suited for traders who prioritise low trading costs, fast execution, and a wide range of platforms. Its tight spreads and low commissions make it particularly attractive to scalpers and high-frequency traders, while the availability of swap-free accounts caters to those who need to avoid overnight interest charges.

The broker's regulatory status with ASIC and FSA provides a degree of credibility, though the offshore FSA license may be a consideration for traders who prefer stricter regulatory oversight. Overall, Fusion Markets is a solid choice for both beginner and experienced traders looking for a reliable, cost-effective broker.