There is no need to initiate a deposit to start trading with a demo account. Traders from the United States, New Zealand, Spain, Ontario, Russia, Iraq, Ukraine, and Japan cannot register live accounts with this broker. However, it has managed to attract many traders due to its commitment to transparency, competitive trading conditions, and regulatory compliance. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. I’ve traded with four brokers in the last five years and Fusion Markets is by far the best and most importantly, cheapest.
However, going pro at Fusion Markets comes with a trade-off—you lose the negative balance protection that retail clients have. To make that possible, there’s a flat round-trip commission of $4.50 per standard lot (adjusted for smaller or larger trade sizes). The trade off is that spreads are slightly wider, with a 0.9-pip markup added to the raw rate.
Cryptocurrencies
This ethos extends to their “White Glove Support,” where live account holders receive assistance from their own trading specialist to navigate the platform. While fusion markets review it also does not charge for international transfers, it warns traders may incur fees of $20 to $30 charged by their banks. Other brokers often have a similar selection, adding currency trades for precious metals and a wide selection of soft commodities.
Fusion Markets does not charge any fees for depositing money via debit/credit cards and bank wire transfers within Australia. The maximum trade size allowed is 100 lots, though the broker suggests keeping positions under 50 lots to help reduce the risk of unnecessary slippage. Fusion Markets uses market execution for all client trades, meaning orders are filled at the next available price with no requotes. Fusion Markets avoids this altogether by operating under the ECN model, which removes that conflict and delivers the transparency many traders value. For some traders, this setup can be a concern.
Third-Party Trading Platforms
Choose from our range of trading platforms listed below. We offer 90+ currency pairs to trade with, tight spreads with no dealing desk execution and access 24 hours a day, 5 days a week. Fund your account and start trading any one of our 250+ financial products.
Fusion Markets has a no-frills approach to trading, which means it does not frequently offer bonuses or promotions like deposit matches or cashback schemes. Combined with lightning-fast execution speeds, these favourable conditions make it ideal for cost-conscious and active traders. Each instrument benefits from Fusion Markets’ low-cost trading conditions, including ultra-tight spreads and high-leverage options. MT4’s simplicity, paired with MT5’s advanced capabilities, ensures that Fusion Markets caters to traders of all levels. For international traders outside Australia, Fusion Markets operates through an offshore entity regulated by the Vanuatu Financial Services Commission (VFSC).
Ready to Start Trading?
- If you’ve been exploring brokers for a while, chances are you’ve already come across MetaTrader 4 (MT4) and maybe even used it.
- At Fusion Markets, the resources available to help traders generate ideas and expand their knowledge are a bit of a mixed bag.
- The only drawbacks I found were its limited educational content and relatively high swap fees.
- The platform’s native applications pack a powerful punch with useful features like real-time price alerts, symbol watchlists, and a market sentiment indicator.
That said, there is a platform specialist available for MT4/MT5 related issues. Clients trading under the ASIC entity are also eligible for negative balance protection. The ASIC regulation is a key feature of trading with Fusion Markets. We are confident that Fusion Markets is not a scam and your money is safe with this broker. At BestBrokers, we believe that one of the most important factors in choosing a broker should be the protection of client funds.
Copy Trading
The addition of ETFs and bonds would offer traders more balance and allow for better risk management and portfolio diversification. Fusion Markets offers 250+ CFD instruments across currency pairs, commodities, shares, indices, and cryptocurrencies. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. However, its dated and rugged design is inferior to newer and sleeker platforms. My only gripe with the platform is that its charts feel rugged and outdated compared to newer and sleeker trading stations.
Even considering the average spread for EUR/USD (0.11 pips), the total trade cost at Fusion Markets is much lower. A roundturn commission of $4.50 per standard lot is extremely affordable. Lower fees generally are better, and Fusion Markets excels in this regard. During our review of Fusion Markets, we noticed that certain account functionalities are unavailable. This leaves you free to try out multiple trading strategies without time restrictions. For smaller trades, a mini lot provides exposure to 10,000 units ($1 per pip), while a micro lot is equal to 1,000 units ($0.10 per pip).
Why Trade with Fusion Markets?
- If you prefer trading on the go, you can link your Fusion Markets account to cTrader—a solid, mobile-friendly platform that runs smoothly on Android 5.0 and above or iOS 12.0 and later.
- If this is important to you, we recommend a broker like AvaTrade.
- Once inside the client portal, you can begin to use services like Trade Ideas and News.
- On the downside, Fusion Markets doesn’t quite match leaders in the research field because it lacks in-depth market insights and third-party tools apart from bulletins via Trading Central.
- You can jump in or out of the market quickly to take advantage of even the smallest price changes.
These give managers the freedom to trade across unlimited accounts, whether in standard, mini, or micro lots. The pricing is simple everything is included in the spread, so there are no extra commission fees to calculate before placing a trade. The ambition to keep clients’ trading costs low to the bear minimum is a key feature of trading with Fusion Markets. Most brokers include these questions to gauge a trader’s experience level before onboarding them.
Are Fusion Markets’ Fees Competitive?
With average spreads of 0.0 on forex majors and our $2.25 per side commission, it’s time you paid less. That’s why we offer two account types, both with the same access to our products, with slightly different appearances for how you pay to trade. Trading can be hard enough as it is without adding extra complications from your broker for choosing different account types. Trade Crude Oil, Brent Oil and Natural Gas with your Fusion Markets trading account.
The mobile versions of MT4 and MT5 replicate the features of their desktop versions, allowing for excellent interaction between devices. With advanced charting capabilities, Level II pricing for deeper market insight, and lightning-fast order execution, it stands out as a pro-level option. Whether you’re into stocks, forex, or crypto, it’s packed with resources for both technical and fundamental analysis.
You don’t need to deposit anything to start trading on a demo account. It’s also worth noting that accounts under the FSA and VFSC licenses don’t come with negative balance protection for international clients. Fusion Markets may be a young company having only had a trading licence for several years, but with a commitment to low trading costs, it is already making a huge headway in a crowded market. Some brokers like XM extend this safety net to clients across all divisions. Client money is deposited into segregated accounts at National Australia Bank (NAB), which ranks among the top 50 banks in the world.
Low Cost Trading for Everyone, Everywhere
You can open a demo account before or alongside your live CFD account. Since markets are always changing, it’s important to keep your skills sharp without risking real money. My only gripe with Fusion Markets’ Classic account is that it does not support TradingView and cTrader. They responded easily to my more general questions regarding Fusion Markets’ location, but struggled for a while when I inquired about Fusion Markets’ stock commissions. While the broker provides a solid range of high-risk/high-reward assets, such as stocks and cryptocurrencies, it falls short on lower-risk options. You can jump in or out of the market quickly to take advantage of even the smallest price changes.
Brokers often will buy third-party content, either in the form of video or articles, to cover basic trading education. There are no views or market strategy pieces written by any in-house analysts. Logging into the client portal, you will find an array of third-party content to help customers with their trading decisions. We also liked the fact that Fusion Markets does not charge fees for withdrawing funds.
Fusion Markets also supports Islamic Accounts for clients observing Sharia-compliant trading, ensuring no swap or rollover fees are applied. Traders can deposit any amount that fits their strategies, making Fusion Markets one of the most accessible brokers in the industry. Despite the offshore options, traders concerned about stringent regulatory protections should focus on Fusion Markets’ ASIC-regulated services. Fusion Markets also prioritises fund safety by implementing negative balance protection, preventing traders from losing more than their deposits during volatile conditions. It is a strong choice for traders who want affordability without sacrificing execution speed, tools or reliability. It caters to traders worldwide with licences from the authorities in the Seychelles and Vanuatu but serves Australian clients under authorisation from ASIC.
This comprehensive approach ensures that every aspect of a broker’s service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. To evaluate brokers, we test the accounts, trading tools and services provided. Fusion Markets offers a demo account that lets traders explore the broker’s available platforms and test their strategies in a risk-free environment. Fusion Markets emphasises quick issue resolution and offers a helpful FAQ section on its website, answering common enquiries on accounts, trading tools and fees. While the broker does not provide direct market-analysis tools, its competitive costs and additional automation capabilities allow traders to focus on executing profitable strategies. Instead, the broker focuses on keeping trading costs as low as possible, passing savings to clients via its ultra-tight spreads and low commission structure.
