Fusion Markets

Regulation: Fusion Markets has an excellent reputation and is regulated by a top-tier authority – ASIC of Australia. However, Italian traders will be onboarded through Fusion Markets’ Vanuatu-based entity, regulated by the Vanuatu Financial Services Commission, which provides little regulatory oversight.

Safety Features:  Fusion Markets segregates all funds from the company’s operating capital and offers negative balance protection to all its clients. VFSC regulatory oversight also means that Fusion Markets can offer higher leverage and bonuses to Italian traders, which may be attractive to some.

The account opening process at Fusion Markets is hassle-free, and accounts are ready for trading immediately. 

All Italian residents can open an account at Fusion Markets.

Creating an account is straightforward. The process is fully digital, and accounts are available for trading immediately:

New traders must click on the “Create an Account” button at the top of the page, where they will be directed to register an account.    

1. Fusion Markets’s intake form requires clients to register an account with an email address and a password.
2. Next new traders will be taken through an ID verification and risk-awareness procedure.
3. Once this procedure is complete, traders can take a short introductory tour to help traders navigate the hub. The hub allows traders to manage their accounts, funding and withdrawals, access news, and receive trade ideas. 
4. When selecting to open a live account from the hub, traders can choose between a Pro Account (with high leverage), but will have to meet certain eligibility criteria for a Retail Account (for non-professional traders).
5. Traders are then directed to fill in their personal details (including name, country of residence, email address, birth date). 
6. Traders then need to select their preferred account type (Zero or Classic), trading platform (MT4, MT5 cTrader or TradingView), and account base currency.
7. Traders must submit their verification documents to Fusion Markets. These include:
   1. Proof of Identification – Fusion Markets accepts all government-issued identification documents such as passports, national ID cards, driving licences, or other government-issued IDs. 
   2. Proof of Address – Proof of residence/address document must be issued in the name of Fusion Markets’ account holder within the last six months. It must contain a trader’s full name, current residential address, issue date, and issuing authority. 
8. We advise that you read Fusion Markets’ risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, Fusion Markets’s account-opening process is fully digital and hassle-free, and accounts are available for trading immediately.  

Fusion Markets offers a good range of CFDs to trade, including 81 forex pairs, a much larger range than other similar brokers.

Neither the Zero Account nor the Classic Account has a required minimum deposit, though we recommend starting with a minimum of 200 USD to avoid margin calls. Trading costs on both accounts are much lower than most other brokers.

The trading costs on the Classic Account are built into the spread and are slightly higher than those on the Zero Account, which has a small commission that changes depending on which trading account currency you choose.

We opened and tested Fusion Markets’ accounts:

Zero Account

The most popular account with Fusion traders, the Zero Account has spreads starting from 0 pips with a round-turn commission of 4.50 USD (see below for more details). The account is designed for people who have traded before and are familiar with calculating trading commissions. 

Classic Account

The Classic Account is designed for beginner traders. Spreads start at 0.8 pips (EUR/USD) with zero commissions, a lower trading cost than other similar brokers. 

Fusion Markets does not have its own trading app, but MT4, MT5, and cTrader are all available as mobile apps.  

MT4/MT5 Mobile Applications

Beginner traders should be aware that there is some loss in functionality when compared to desktop trading platforms, including reduced timeframes and fewer charting options.  In addition, spotty connections can reduce the overall trading experience. Generally, it is better to be at your desktop to conduct day-to-day trading and use a mobile device to keep an eye on the markets or close open positions.

The MT4 and MT5 apps allow traders to work from anywhere, with functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading to further assist traders while on the move.

cTrader App

cTrader is one of our favourite trading platforms, and we are glad that Fusion Markets has added it to its offering. Fusion Markets is one of a handful of brokers that supports it. Its clean design makes it easy for beginners to pick up, but it also has the advanced order types and automation options required by more experienced traders. The Fusion Markets’ cTrader app keeps most of the best parts of the desktop version, including the complete range of order types, price alerts, trade analysis, and symbol watchlists.

Fusion Markets offers traders MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and TradingView, each of which offers Expert Advisors (except TradingView), automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality. Note that TradingView does not offer direct copy trading, users can exchange custom trading scripts and share advice, analysis and strategies through its community of millions of users.

All platform choices are free to use, all can be downloaded to your PC or Mac, and all have web versions of the platform. Traders who want more EAs to use, and don’t mind the dated interface, should consider using one of the MetaTrader products. cTrader is often a favourite for beginner traders as it requires less setup, has a more modern interface, and offers more advanced order types. TradingView has an immense library of charting tools and capabilities and there is a big focus on the social aspect of the platform. This makes it both a versatile and powerful trading platform for advanced traders and a valuable learning tool for novice traders.

All four trading platforms offered are considered among the best in the industry. While Fusion Markets does not have its own proprietary desktop platform, which is usually easier for beginners to learn, the choice of any of the four major platforms will keep most traders satisfied.

A well-regulated broker, Fusion Markets ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Traders can only withdraw up to 100% of the original deposit to a credit or debit card. After this, funds may be withdrawn by another method in the trader’s name.  

Accepted Deposit Currencies: When we opened our account, we noticed that the Fusion Markets’ client portal allows traders to choose between six base currencies, including USD, EUR, GBP, AUD, JPY, and SGD. Because we were depositing TZS from our Italian-based bank account into our USD-based trading account, we were charged currency conversion fees on deposits and withdrawals. 

Funding Methods: We were pleased to find that Fusion Markets offers a good range of payment methods, and it does not charge fees for deposits or withdrawals. However, your bank may use an intermediary bank with fees between 15-25 USD. Credit and Debit Cards and e-wallet transfers are free via the matched refund process.

Fusion Markets’ research consists of Analyst Views, Technical Insights, and Market Buzz, all available from within its trading hub. It also offers subsidised VPS hosting, MAM accounts, and social or copy trading through Myfxbook Autotrade and Duplitrade.

Analyst Views

Analyst Views provides trading ideas for trade setups in real time, highlighting key support and resistance levels and commentary about the instrument in question. This feature is also available as a custom indicator on MT4 and MT5.

Technical Insight

Technical Insight allows you to search all the financial assets available at Fusion Markets and provides an educational overview of technical analysis indicators, view both short and long-term price action, and view the most popular trades.

Market Buzz

Market Buzz is an AI tool that sifts through thousands of articles available on the internet to bring you the most relevant news, price movements, and information. You can create watchlists of your favourite symbols, and it will find news from top-quality sources and rank them according to the top discussion topic for each instrument. 

VPS 

Fusion Markets offers subsidised VPS hosting via third-party company, New York City Servers, for traders using the MT4, MT5 and cTrader platforms. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors, 24 hours a day, 7 days a week on a virtual machine. Traders can access a complimentary VPS sponsored by Fusion if they trade more than 20 lots of FX or Metals in a 30-day period.

New York City Servers has dedicated 24/7 customer support teams to help new users set up and install EAs and indicators directly to the virtual machines. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges.

MAM Accounts

Fusion Markets offers an account management service to its clients, which allows account managers to trade on their behalf.  In order to perform this service, bespoke technology or software is required, also known as MAM. 

MAM stands for Multi-Account Manager, which permits a range of customisable ways to sub-allocate trades. Account Managers take a portion of the profits generated by the trades.  

Managed accounts are great for beginner traders who have limited experience with trading. 

Copytrading

Fusion Markets offers excellent copy trading services through their own Fusion+ and third-party provider, Duplitrade. These tools allow traders to find, follow and copy successful traders automatically. Alternatively, TradingView has a community feature with millions of scripts and ideas shared by their users.

In order to use the service, traders need to open an account and connect to the services.

The benefit of using copy trading services is that traders do not need to build their own strategy or conduct research on the forex markets. It is useful for traders who are interested in the financial markets but lack experience and knowledge.

Customer support is available 24/7 via email, live chat, and a local telephone number. 

For the purposes of the review, we tested the live chat service and email. Our email was answered within a couple of hours, and the answer was relevant and to the point. We found the live chat agents were polite and responsive, and they were able to answer all our questions.