Fusion Markets review summary
Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
We selected Fusion Markets as Lowest spread forex broker and Best broker for MetaTrader for 2023, based on an in-depth analysis of 100+ online brokers that included testing their live accounts. Check out the complete list of winners.
You can't open an account at Fusion Markets if you live in United States. See the best alternative available in your country.
Fusion Markets pros and cons
Fusion Markets has low trading and non-trading fees and the account opening is easy and fast. The broker operates a great customer service that provides fast and relevant answers.
On the negative side, educational tools consist only of a demo account, there are no videos or articles. The product portfolio includes only forex, CFDs and crypto. Lastly, there is no investor protection.
Pros | Cons |
---|---|
• Low trading and non-trading fees | • Basic educational tools |
• Fast and easy account opening | • Limited product selection |
• Great customer service | • No investor protection |
🗺️ Country of regulation | Australia, Vanuatu |
💰 Trading fees class | Low |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $0 |
🕖 Time to open an account | 1 day |
💳 Deposit with bank card | Available |
👛 Depositing with electronic wallet | Available |
💱 Number of base currencies supported | 8 |
🎮 Demo account provided | Yes |
🛍️ Products offered | Forex, CFD, Crypto |
Fusion Markets review
Fees
Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
Pros | Cons |
---|---|
• Low forex and CFD fees | None |
• No withdrawal and inactivity fees |
Assets | Fee level | Fee terms |
---|---|---|
EURUSD | Low | ZERO account: $2.25 commission per lot per trade plus spread cost. 0 pips is the average spread cost during peak trading hours. |
GBPUSD | Low | ZERO account: $2.25 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours. |
S&P 500 CFD | Low | The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours. |
Inactivity fee | Low | No inactivity fee |
Fusion Markets offers different account types with different pricing structures. We tested the ZERO account fees.
We also compared Fusion Markets's fees with those of two similar brokers we selected, IC Markets and Pepperstone. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Fusion Markets alternatives.
Forex fees
Fusion Markets forex fees are low. Fusion Markets charges one of the lowest FX commissions on the market.
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
Forex fee class | Low | Low | Low |
FX commission per lot | $2.25 commission per lot per trade | $3.50 commission per lot per trade | $3.50 commission per lot per trade |
EURUSD spread | 0.0 | 0.0 | 0.8 |
GBPUSD spread | 0.2 | 0.0 | 0.4 |
AUDUSD spread | 0.0 | 0.0 | 0.2 |
EURCHF spread | 0.6 | 0.0 | 0.7 |
EURGBP spread | 0.3 | 0.0 | 0.4 |
Stock index CFD and stock CFD fees
Fusion Markets has low CFD trading fees.
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
CFD fee class | Low | Low | Low |
S&P 500 CFD spread | 0.4 | 0.2 | 0.4 |
Europe 50 CFD spread | 0.7 | 1.6 | 1.5 |
Apple CFD fee ($2k trade with 5x leverage & 1 week holding period) |
$3.3 | $1.8 | $3.0 |
Vodafone CFD fee ($2k trade with 5x leverage & 1 week holding period) |
- | $6.0 | $22.6 |
Non-trading fees
Fusion Markets has low non-trading fees. There are no account, inactivity, or deposit fees.
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
Account fee | No | No | No |
Inactivity fee | No | No | No |
Deposit fee | $0 | $0 | $0 |
Withdrawal fee | $0 | $0 | $0 |
How we ranked fees
We ranked Fusion Markets's fee levels as low, average or high based on how they compare to those of all reviewed brokers. Let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
Fusion Markets review
Account opening
The account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
Pros | Cons |
---|---|
• Fast | None |
• Fully digital | |
• No minimum deposit |
Can you open an account?
Fusion Markets accept clients from all around the world, with some notable exceptions such as the US and New Zealand.
What is the minimum deposit at Fusion Markets?
The required Fusion Markets minimum deposit is $0.
Account types
You can choose from two account types that differ in their pricing:
- Classic account – fees are built into the spreads and no commission is charged
- ZERO account – there are tighter spreads but a commission is charged
Fusion Markets also offers corporate accounts.
How to open your account
The Fusion Markets account opening is easy and fully digital. The online application takes roughly 10-15 minutes – in our case, the account was approved on the same day.
Follow these 5 steps to open your Fusion Markets account:
- Add your email address and create a password.
- Log in to the client portal interface and go to 'Profile'.
- Add your personal details, like date of birth and residency.
- Select the account type, leverage size, and set a security question.
- Verify your identity and residency by uploading a copy of your passport / ID / driver's license and a bank statement or utility bill.

Our best alternatives to Fusion Markets are:
The highest ranking competitors are:
Fusion Markets review
Deposit and withdrawal
At Fusion Markets, most withdrawals are free and you can use bank transfer, credit/debit cards and electronic wallets to add funds. However, you can't open an account in minor currencies.
Pros | Cons |
---|---|
• Credit/Debit card available | • No minor account currencies accepted |
• Free withdrawal | |
• No deposit fee |
Account base currencies
At Fusion Markets, you can choose from 8 base currencies.
USD | EUR | GBP |
AUD | JPY | SGD |
THB | CAD |
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
Number of base currencies | 8 | 10 | 9 |
Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.
Deposit fees and options
Fusion Markets charges no deposit fees. Besides bank transfer, you can also use credit/debit cards for depositing funds, as well as electronic wallets like Neteller, PerfectMoney, Jaton, PayPal, Mifinity
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
We tested the depositing process and found that a bank transfer may take several business days while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

Fusion Markets withdrawal fees and options
At Fusion Markets, withdrawal is free with credit/debit cards, electronic wallets and bank transfers to Australian bank accounts. The fee for withdrawing funds via international bank transfer is quite high at AUD 20.
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
Withdrawal fee | $0 | $0 | $0 |
For credit/debit cards, the withdrawal amount cannot exceed the amount you have deposited. This means that profits from your trading activity can only be withdrawn by bank transfer.
The minimum withdrawal amount is $35.
How long does it take to withdraw money from Fusion Markets? We tested the debit card withdrawal and it took more than 3 business days.
How do you withdraw money from Fusion Markets? Follow these steps to withdraw funds:
- Log in to the client portal
- Go to 'Payments'
- Select 'Withdrawal'
- Enter the withdrawal amount and select the withdrawal method
- Initiate the withdrawal
Fusion Markets review
Web trading platform
The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros | Cons |
---|---|
• Clear fee report | • No two-step (safer) login |
• Good customizability (for charts, workspace) | • No price alerts |
• Order confirmation | • Poor design |
Trading platform | Score | Available |
---|---|---|
Web | 2.8 stars | Yes |
Mobile | 3.8 stars | Yes |
Desktop | 3.4 stars | Yes |
Fusion Markets does not have its own proprietary trading platform, it uses MetaTrader 4, a third-party platform.
MetaTrader 4 is available in an exceptionally large number of languages
Arabic | Bulgarian | Chinese | Croatian | Czech |
Danish | Dutch | English | Estonian | Finnish |
French | German | Greek | Hebrew | Hindi |
Hungarian | Indonesian | Italian | Japanese | Korean |
Latvian | Lithuanian | Malay | Mongolian | Persian |
Polish | Portuguese | Romanian | Russian | Serbian |
Slovak | Slovenian | Spanish | Swedish | Tajik |
Thai | Traditional Chinese | Turkish | Ukrainian | Uzbek |
Vietnamese |
Look and feel
The Fusion Markets web trading platform has great customizability. You can easily change the size and the position of the tabs.
However, the design of the platform feels outdated and some features are hard to find. For example, it took some time to figure out how to add an asset to the watchlist.

Login and security
Fusion Markets provides only a one-step login. A two-step authentication would be more secure.
Search functions
The search functions are OK. You can find the assets in categories. However, we missed the usual search function where you can type in the asset's name manually.

Placing orders
You can use basic order types, but will not find more sophisticated ones like 'one-cancels-the-other'. The following order types are available:
- Market
- Limit
- Stop
If you are not familiar with order types, read this overview.
There are also order time limits you can use:
- Good 'til canceled (GTC)
- Good 'til time (GTT)

Alerts and notifications
You can't set alerts and notifications on the Fusion Markets web trading platform. This feature is available only on the desktop trading platform.
Portfolio and fee reports
Fusion Markets has clear portfolio and fee reports. It is easy to find your profit-loss balance and the commissions you paid under the 'History' tab. We didn't find a way to download them.
Fusion Markets review
Mobile trading platform
Fusion Markets has a great mobile trading platform offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function. However, it lacks a safe login.
Pros | Cons |
---|---|
• User-friendly | • No two-step (safer) login |
• Good search function | • No Touch/Face ID login |
• Price alerts |
Similarly to the web trading platform, Fusion Markets offers MetaTrader 4 as a mobile trading platform. MetaTrader 4 is available for both iOS and Android. We tested it on Android.
After you download the MT4 mobile trading platform, you have to access the FusionMarkets-Live server.
You can choose from a lot of languages on the mobile trading platform, too. Changing the language is a bit tricky on Android devices: you have to change the default language of your mobile.
Arabic | Chinese (Simplified) | Chinese (Traditional) | Czech | English |
French | German | Greek | Hindi | Indonesian |
Italian | Japanese | Korean | Polish | Portuguese |
Portuguese (Brazil) | Russian | Spanish | Thai | Turkish |
Ukrainian | Vietnamese |
Look and feel
Fusion Markets has a great mobile trading platform, we really liked its design and user-friendliness. You will easily find all the features.

Login and security
Similarly to the web trading platform, Fusion Markets provides only a one-step login. A two-step login would be safer.
You can't use fingerprint or Face ID authentication, which is a shame because these features are highly convenient.
Search functions
The search functions are good. You can search by typing the name of the product or by navigating the category folders.

Placing orders
You can use the same order types and order time limits as the ones on the web trading platform.

Alerts and notifications
You can set alerts and notifications, although only via the desktop trading platform. Enabling these notifications on the mobile trading platform itself would add to user convenience.
.
Fusion Markets review
Desktop trading platform
In design and functionality, Fusion Markets's MetaTrader 4 desktop platform is almost the same as the web trading platform. A major difference is that you can set price alerts here.
Pros | Cons |
---|---|
• Clear fee report | • No two-step (safer) login |
• Good customizability (for charts, workspace) | • Poor design |
• Price alerts |
Fusion Markets offers MetaTrader 4 as a desktop trading platform.
It has the same design, is available in the same languages, offers the same order types plus Trailing Stop, and has the same search functions as the web trading platform. The portfolio and fee reports are clear as well, and you can download them if you right click on the History tab and select "Save as detailed report."
The major difference is that here you can set alerts and notifications in the form of mobile push and email notifications. To do so, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings), by going to the 'Tools' menu and then 'Options'.

Fusion Markets review
Markets and products
Fusion Markets offers many currency pairs and some CFDs. On the other hand, a lot of popular asset classes, such as real stocks, ETFs and funds, are not available.
Fusion Markets is a forex broker that also provides some CFDs. To learn more about CFDs read our CFD trading tips.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Fusion Markets' currency pair selection is great, one of the most extensive among forex brokers. You can also trade cryptos, stock index CFDs, commodity CFDs and stock CFDs. However, ETF and bond CFDs are not available.
Fusion Markets | IC Markets | Pepperstone | |
---|---|---|---|
Currency pairs (#) | 85 | 61 | 62 |
Stock index CFDs (#) | 18 | 25 | 25 |
Stock CFDs (#) | 110 | 2,100 | 1,400 |
ETF CFDs (#) | - | 40 | 110 |
Commodity CFDs (#) | 25 | 22 | 32 |
Bond CFDs (#) | - | 10 | - |
Cryptos (#) | 14 | 23 | 21 |
Stock CFDs are available only on the MetaTrader 5 platform.
You can change leverage levels at Fusion Markets, which is great. Changing the leverage is a very useful feature if you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels are very high.
Social trading
Fusion Markets offers a social trading service. Their copy trading platform is called Fusion+. This service is free of charge if you and your follower account trade at least 2.5 lots of FX/Metals per month. If this isn't the case, and the follower trades less, they have to pay an $10 monthly fee. Also, if a trader is a Fusion+ Master, they can charge their clients up to a maximum of 30%.
Fusion Markets review
Research
Fusion Markets has great research tools. From trading ideas to quality news feeds, there are a lot of services to choose from. On the negative side, the charting tools, provided by MetaTrader, have an outdated design.
Pros | Cons |
---|---|
• Trading ideas | • Charting with outdated design |
• Data on asset fundamentals | |
• Quality news flow |
Except for charting tools, you can find Fusion Markets' research tools after you log in to Client Portal. The charting tools are on the MetaTrader trading platform.
Trading ideas
Fusion Markets provides trading ideas based on technical tools, like indicator movements or patterns on the charts.
Besides providing an insight into whether you should go long or short, users can also see target prices.

Fundamental data
Fusion Markets has a great economic calendar. We really liked the feature that allows you to gauge historical volatility and trends: for example, if you see that a Bank of Canada interest rate decision is coming up, you can click on the 'impact' button and see how the USD/CAD price evolved after recent decisions.
We also liked that you can filter for events based on country and importance.

Charting
Fusion Markets has OK charting tools. You can use 31 technical indicators and other technical tools, such as trendlines and Fibonacci retracement.
On the other hand, the design is outdated and some features are hard to use. For example, we had trouble figuring out how to remove an indicator from the chart.

News feed
We liked Fusion Markets' news feed located in the 'News' section. In addition to being able to filter the news for a specific asset, you are also shown a sentiment score for that asset. For example, if all the articles are bullish/positive, then a 100% positive score is assigned.
Additionally, we liked the 'My Feeds' feature, which allows you to select the news provider or bloggers you want to follow.

Fusion Markets review
Customer service
Fusion Markets's customer service is exceptionally good across multiple dimensions, hence you'll be in good hands when it comes to your broker-related questions.
Pros | Cons |
---|---|
• Phone support | None |
• Live chat | |
• Fast response time |
You can contact Fusion Markets via:
- Live chat
- Telephone
Fusion Markets has a live chat service that provides quick responses. We received relevant answers to our questions within seconds. The operators were helpful and well-prepared. The live chat is accessible 24/7.
Fusion Markets has great phone support. We were connected to an agent within a minute and received relevant answers.
We emailed Fusion Markets multiple times to re-test their service in our most recent review, and got answers to all our emails within a few hours, sometimes even minutes. The relevancy of the answers was also great.

Fusion Markets review
Education
Fusion Markets offers only a demo account as an educational tool. Educational videos, platform tutorial videos and educational texts are not available.
Pros | Cons |
---|---|
• Demo account | • No trading platform tutorial videos |
• No educational videos |
If you want to use the demo account, first you have to enter your email address and set a password. Then you have to log in to the client portal, where you can select the demo account on the 'Accounts' page.

Fusion Markets review
Safety
Fusion Markets is regulated by the top-tier Australian authority ASIC as well as the regulator of Vanuatu. It provides negative balance protection for clients under ASIC. However, investor protection is not available.
Pros | Cons |
---|---|
• Regulated by top-tier financial authority | • No investor protection |
• Negative balance protection for clients under ASIC | • Not listed on stock exchange |
Is Fusion Markets regulated?
Fusion Markets is based in Australia. It was founded in 2010 and it is regulated by the Australian Securities and Investments Commission (ASIC) as well as the Vanuatu Financial Services Commission (VFSC).
Is Fusion Markets safe?
To be certain if a brokerage is safe, we highly advise that you check two facts:
- how you are protected if something goes wrong
- what the background of the broker is
How you are protected
Fusion Markets provides its services through two legal entities that are regulated by ASIC and the VFSC, respectively. Although there is no investor protection, Fusion Markets provides negative balance protection for clients under ASIC.
Legal entity | Regulator | Availability |
---|---|---|
Gleneagle Asset Management Pty Limited | Australian Securities and Investments Commission (ASIC) | For Australian clients only |
Gleneagle Securities Pty Limited | Vanuatu Financial Services Commission (VFSC) | For all other clients* |
*Except Burma, Côte d’Ivoire, Democratic People's Republic of North Korea, the Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Ghana, Iran, Iraq, Lebanon, Liberia, Libya, Japan, New Zealand, United States of America, Somalia, Sudan, Syria and Zimbabwe.
Background
Fusion Markets is the brand name of Gleneagle Asset Management Pty Limited and it was established in 2010. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.
Fusion Markets review
Bottom line
Fusion Markets is a great forex broker with very low trading and non-trading fees. The account opening is fast and easy, and customer service provides quick and relevant answers.
On the negative side, Fusion Markets has limited educational tools. The product portfolio is largely limited to forex and some CFDs. Lastly, there is no investor protection.
As you can open an account within a day and fees are low, feel free to try Fusion Markets.
Fusion Markets review
FAQ
FAQ
We recommend Fusion Markets for forex traders looking for low fees and a chance to use the Metatrader 4 platform.
Below you can find links to all aspects of Fusion Markets in this comprehensive collection.
Lower fees, lower costs?
We detailed this in our Fusion Markets fees article.
What about the minimum deposit?
Our ultimate guide to the Fusion Markets minimum deposit is updated regularly.
How to start your Fusion Markets account?
Look no further than our evaluation of the Fusion Markets account opening.
How's their trading app?
Here's our expert view after checking the Fusion Markets trading app.
Is the quality of customer service satisfactory?
All you need to know about the Fusion Markets customer service.
Legit or scam?
Is Fusion Markets legit features all the key aspects you need to look at to see if a broker is safe and legit.
Free or premium? Or both?
A glance at actual costs and whether Fusion Markets is really free.
Is this broker good for beginners?
We checked it in Is Fusion Markets good for beginners.
Should you buy your silver bullets on Fusion Markets?
Research for silver bugs in the Silver buy on Fusion Markets guide
I want to trade options, are they available at Fusion Markets?
We explored the topic in Can you trade options on Fusion Markets?
What is the minimum account balance at Fusion Markets?
Check out the current account balance requirements at Fusion Markets in our What is the minimum account balance at Fusion Markets article.
Looking for commission and fees data for Fusion Markets?
We collected them in Fusion Markets commission and fees.
How do you withdraw money from Fusion Markets?
We tested it and collected the options and costs in How to withdraw money on Fusion Markets.