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Fusion Markets Review | A Budget-Friendly Option for Traders or Scam?

by Kevin Berry
Rating: 
  1.3/5   Reviews: 3
Fusion Markets - logo

Fusion Markets advertises itself as a budget-friendly option for traders of all levels. However, we should conduct a thorough review of its services to understand if this is a scam or a reliable company. The results will be presented to you in a short article.

Highlights

🏛️ Country Australia, Vanuatu, Seychelles
⚠️ Regulation ASIC, VFSC, FSA
🖥️ Website https://fusionmarkets.com/
🎲 Demo Account Yes
⏳ Start Time 2019
💲 Minimum Deposit
⚖️ Minimum and Maximum Leverage 1:1 – 1:500
⚙️ Trading Platform MT4, MT5
📨 E-mail help@fusionmarkets.com
📞 Phone +61 3 8376 2706

First Impression of Fusionmarkets.com

The official website of Fusion Markets is not that impressive. It seems that a licensed broker could have spent more on its design. However, the platform greets us with typical light tones, a background of meaningless pictures, and a lot of self-praise. At least they immediately provide information about their licenses. The client can also compare spreads and read the reviews.

Fusion Markets - website

Partnership and Bonuses

Fusion Markets offers several ways to collaborate through its partner program. You can become an Introducing Broker, participate in the affiliate program, or simply invite friends. In the latter case, you can receive up to 50 dollars for each invited friend. The affiliate program is suitable for those who own their own blog or website and prefer the CPA fee model. As for introducing brokers, it’s almost the same, but it’s suitable for those who are well-versed in trading, run trading blogs, or just know a lot of traders.

Account Opening on Fusionmarkets.com

Fusion Markets’ registration process is standard. You will need to provide your contacts initially. However, this is only the first step, and the broker will ask for more extensive information afterward.

Registration

You will need to reveal your financial status, investment background, and provide accurate information about your date of birth, address, income, and so on. Besides, Fusion Markets offers the option of registering by logging in through your Google account, which adds to the convenience.

Fusion Markets - Client Portal

Verification

Fusion Markets requires clients to complete a verification procedure that involves submitting a valid ID card or passport, a recent utility bill or bank statement, and a copy of their credit card. The compliance team at Fusion Markets will then review these documents. This review process may take several business days to complete.

Pros
  • It’s convenient to upload docs.
Cons
  • The broker requires a lot of documents.

Trading Software

Fusion Markets offers both MetaTrader 4 and MetaTrader 5 platforms for trading. Both platforms provide a comprehensive suite of trading tools, including advanced charting, technical analysis tools, and order management functionality. MT4 and MT5 also offer a wide range of customizable indicators and automated trading options for users who prefer algorithmic trading strategies. You can access both platforms via desktop or mobile devices.

Features Fusion Markets CIX Markets VirgoBanc
Demo Account ✔️ ✔️
Mobile App ✔️ ✔️
Own Development ✔️

How Can I Trade With Fusion Markets?

Fusion Markets is committed to offering low-cost trading with no hidden fees. We’ll check if its offers are favorable.

All Info About Accounts

The broker provides two account options, the Zero and Classic accounts, which differ in spreads and commissions. With the Zero account, traders won’t have any spreads, but will have to pay a commission of $4.5. On the other hand, the Classic account has no commissions, but has spreads starting from 0.9 pips. The broker also offers leverage, but its size depends on various factors, such as the trader’s country of residence.

Pros
  • No questionable services.
Cons
  • Trading conditions are not described in great detail.

Market Analysis and Education With Fusionmarkets.com

Fusion Markets does not provide any formal education or market analysis services. The broker’s website only has a blog section where the company regularly publishes articles that may be useful for traders.

Deposit, Withdrawal, and Fees

Fusion Markets offers various deposit methods, including credit cards, bank transfers, and electronic payment systems such as PayPal, Skrill, Neteller, and Perfect Money. The broker does not have a minimum deposit requirement, but suggests that its clients typically deposit around $1,500. For withdrawals, the options are slightly more limited, with only credit cards, bank transfers, Skrill, and Neteller available. Withdrawal requests are usually processed within 1-2 days. Additionally, clients can deposit and withdraw funds using cryptocurrencies.

Features Fusion Markets IronGatesFX  Nexon Groups
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Fusion Markets offers phone, email, and even a physical address for contact. In this regard, there are no issues with the broker.

Pros
  • All contact details.
Cons
  • Sometimes it can be difficult to reach customer support by phone.

Is Fusion Markets Dangerous?

Fusion Markets appears to be one of those brokers that you can trust with your deposit. However, let’s take a closer look to see if this is really the case.

How Long Does The Broker Work?

Based on information from the Australian Business Register, the Fusion Markets brand was registered in 2019. This information is also confirmed by web archives, which show that the domain was essentially inactive before 2019.

How Is Fusion Markets Regulated?

Fusion Markets has obtained an Australian license, VFSC license, and FSA license. While there are no issues with the Australian license, the latter two offshore licenses are not the most reliable regulatory documents. The problem is that these regulators do not provide the same level of protection as their onshore counterparts, such as ASIC or the FCA.

Additionally, the issue is that the broker does not allow you to choose which jurisdiction to register your account in. Therefore, only a very limited number of traders will fall under the oversight of the Australian regulator.

Features Fusion Markets Genesis Exchange  AiFxMarkets
European Zone ✔️
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With Fusion Markets?

You need to register and verify your identity to follow their regulatory requirements. Next, you can deposit and start trading.

Is Fusion Markets Legit?

Yes, it is a legitimate company that is regulated by ASIC, VFSC, and FSA.

How Risky Is It?

Like any investment, trading with this broker carries some risk. The value of your investments can fluctuate, and you may end up losing some or all of your deposit.
Kevin Berry
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Expert Opinion

Well, well, well, let me tell you that Fusion Markets has some sweet pricing and a slick trading platform. But hold your horses, there are a few flies in the ointment – those offshore regulatory licenses can be a bit dodgy. Not everyone can get the good old Aussie watchdog to keep an eye on their account. Plus, if you’re looking for an online trading university, you may need to look elsewhere.

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Fusion Markets rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Fusion Markets

Norman Smith April 7, 2023 - 17:23
Terrible execution
The level of trust

Slow execution is a real problem with Fusion Markets, especially when it comes to placing trades right before important economic news. You just get blocked and frustrated. I’ve traded with several forex brokers and it’s clear that there’s a big difference between the good ones and the bad ones. Unfortunately, Fusion Markets falls into the latter category for me.

Reply
Deira April 19, 2023 - 21:09
Broker-cheater
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I used to be happy with Fusion Markets because of their low spreads and good customer support, but lately my stop losses have been ignored and closed at much bigger losses than I expected. And on top of that, I often have trouble connecting to my account from the platform. Today, the server has been idle for an hour and a half and I can’t even access my account from their website. They blame my computer, but it seems like too much of a coincidence.

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Ralph April 24, 2023 - 13:42
Manipulated trading platform
The level of trust
Efficiency of technical support

They claimed to offer the lowest fees in the market. But when I asked for better rates than my current broker, they wasted two weeks of my time before finally admitting they couldn’t offer anything better. And during major news events, their platform froze and left me in the dark about what was happening in the market. What a waste of time!

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