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Fusion Markets Review - is it scam or safe?

Fusion Markets Review - is fusionmarkets.com scam or good forex broker?

RATING: 3 / 0 REVIEWS Fusion Markets
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Fusion Markets is an Australian forex and CFD broker offering a good selection of currency pairs and many other trading instruments with an ECN account, leverage as high as 1:500 and the MetaTrader4 platform.

 

The broker is licensed and authorized by the Australian Securities and Investments Commission (ASIC) – a financial watchdog with immaculate reputation, and that makes trading with Fusion Markets completely safe.

 

Trading account  Min. deposit Max. leverage Spread
Standard ECN Account n/a 1:500 0,1 pip + $4,5/ lot

 

Fusion Markets:

 

Solid license

 

Fusion Markets is owned and operated by the Sydney based Gleneagle Asset Management Pty Limited and as we already noted the broker and the company behind it are regulated by the Australian Securities and Investments Commission (ASIC), which along with the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), is one of the three most popular regulators in the industry.

 

 

Having a legit license is of utmost importance, because this is the only way traders might feel secure about their funds.

 

All ASIC regulated brokers are obliged to follow strict financial and ethical rules, among which to maintain an operational capital of at least 1 000 000 AUD, to grant their clients a negative balance protection, to keep their money in a segregated, protected form creditors account and of course to file regular reports and to allow external audits. So here you may check our list of brokers holding ASIC licenses as well:

 

>>Brokers regulated in Australia<<

 

Competitive spreads

 

As tested with a demo account the benchmark EURUSD spread floated between 0,1 pip and 0,3 pips - basically what we call raw spreads. Fusion Markets takes a commission of 4,5 USD per traded lot, round trip, which adds another 0,45 pips to the actual spread. 

 

Even with the commission calculated however, we get starting spreads of between 0,55 pips and 0,75 pips and that is basically as good as it can get with a standard account. 

 

Certainly, you may also take a look at our list of brokers offering competitive spreads as well:

 

>> Lowest spread forex brokers<<

 

Leverage as high as 1:500

 

Leverage as high as 1:500, is currently available only with brokers regulated in Australia and some offshore companies, which however we can not recommend because of their shady regulatory status. So basically this is one of the strongest positive points about  Fusion Markets – a soundly regulated broker offering virtually unrestricted leverage. 

 

Nice selection of trading instruments

 

When we tested Fusion Markets trading platform with a demo account we came across 42 currency pairs, lots of which minor or exotic like USDZAR, USDTRY, USDSGD, USDSEK, USDNOK, USDMXN, USDHKD and USDCNH. 

 

And apart from that there were also plenty of CFDs on precious metals like silver, gold, platinum and palladium, energies like West Texas Intermediate, 10 major indices and even crypto coins, including  Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. Of course, if you enjoy the idea of trading crypto assets, here you may also check our list of brokers, trading with bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

You can open a trading account in different currencies

 

This is another advantage – with Fusion Markets you can open a trading account not only in USD and EUR, but also in  AUD, JPY,  GBP and even  SGD, and this is definitely a benefit for all traders, who have bank accounts in those currencies.

 

MetaTrader4 supported

 

MetaTrader4 is a benchmark platform, dominating the industry for the past 15 years or so.

 

 

The platform is light, highly reliable and with an intuitive interface. It also sports an excellent pack of advanced charting tools, as well as numerous customizable market indicators and trading bots, designed to facilitate automated trading sessions - also a definite benefit to all traders, professional and beginner alike. Here you may also check our list of brokers, supporting the MetaTrader4 as well: 

 

>>MT4 Brokers<<

 

Fusion Markets Disadvantages:

 

No e-wallets accepted as payment methods

 

Fusion Markets do accept major credit and debit cards like VISA and MasterCard, as well as bank wire transfers. For the time being however, the broker does not seem to accepts payments with popular e-wallets like NetellerSkrill or PayPal, so this we should count as a disadvantage. Fusion Markets does not accept crypto payments as well, so here you may also check our list of brokers, where you can pay with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Unspecified minimum deposit requirement

 

We are not quite sure whether we should count this as a disadvantage. The broker does not mention anything about a minimum deposit requirement in its presentation and this might simply mean that there is no such requirement. Still, as we can not confirm that, we should note that most brokers require about 250 USD as an initial deposit, while some big well known players like FBS and IG will let you start trading with virtually 5 USD or so.

 

Conclusion:

 

Our remarks with Fusion Markets are minor and are basically linked to the payment methods. Otherwise this is a reliable broker, properly regulated by ASIC – the Australian financial watchdog,  offering excellent spreads with a leverage as high as 1:500 and the MetaTrader4 platform – basically everything a trader needs.

Latest news about Fusion Markets
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Traders` reviews for Fusion Markets

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Slippage

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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