Fusion Markets was founded by a group of seasoned forex traders and is based in Melbourne, Australia. Its founders have over 50 years of combined experience, and its stated goal is to make trading the markets simpler and more affordable.
They serve traders of all expertise levels and financial capacities by providing a broad selection of financial products, constant support, and an excellent platform.
The broker prefers the MetaTrader 4 (MT4) software as their preferred trading platform. They provide various variations of this, such as:
- MetaTrader 4
- WebTrader for MetaTrader 4
- Mobile Apps for MT4
Given that MT4 is the most widely used trading platform available, it doesn’t need much introduction. It has outstanding charting, effective tools, many timeframes, and complete customizability, all of which are highly praised by traders of all skill levels. One of the reasons why many traders would pick it as their first platform is because of its automated trading bots, often known as advisers.
The company also provides a variety of tools to go along with these products, such as a multi-account manager for expert traders and a Virtual Private Server to guarantee that trading is never suspended because of connectivity problems.
The broker asserts that its goal is to simplify access to global markets and to do so, it offers traders a variety of investment vehicles to pick from.
- Forex (over 70 currency pairs available)
- Precious Metals Stock Indices
This gives traders a wide variety of assets to pick from based on their choice and strategy, ensuring that they can diversify their portfolios appropriately.
Spreads and commissions
A brief glance at the company’s spreads and commissions seems to support its claim that it is the most affordable trader in the industry.
On a variety of well-known currency pairings, such as AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, and AUD/USD, the broker offers minimum spreads of 0.00. Even their average spreads only show numbers of 1.01, 0.65, 0.48, 0.92, and 0.22, respectively.
Additionally, their commission charges are notably low. One typical lot of currencies and precious metals, for instance, would cost just AUD 4.50 to trade. This amount is the lowest stated forex fee in Australia, which works out to an average savings of 36% compared to Fusion’s rivals.
This indicates that they could very well be the business you’re looking for if you’re looking for a cheap alternative to the majority of other brokers on the market.
They offer a variety of MT4 mobile apps by allowing traders to select between mobile and web alternatives.
The company offers versions for iPhone, Android, and tablets, in addition to mobile trading via smartphones. The app allows traders to manage their accounts, open and close positions, monitor current prices, and use the numerous analytical tools available when trading from a desktop. It is available for download for free.
Trading account replenishment methods
The broker provides a wide range of payment alternatives, some of which are area-specific, particularly in the Asia-Pacific region, where countries like Thailand and Malaysia offer custom payment options. Visa, MasterCard, and bank transfers are common forms of payment that are accepted everywhere. Fusion also keeps broadening the selection of possible payment methods, which now include, among others, Jeton and Dragon Pay.
Deposits are free of commission. As part of the business’s aim to cut costs as much as possible, they have been removed for both credit and debit cards. Fusion also keeps broadening the selection of accepted payment options, including Dragon Pay.
The company provides a demo account for prospective clients to test out the platform, like the majority of reliable brokers. However, the company’s website only has a scant amount of information, making it difficult for prospective traders to understand what they’re getting without initially enrolling.
Regulation and licensing
The broker excels in one area, for sure: stringent licensing and regulation. The Australian Securities and Investments Commission has granted the company a license as a securities dealer. Since their money is in the best hands, traders can have entire faith in the company’s dependability.
This is so because ASIC has severe requirements that license applicants must satisfy to be considered successful. They include a $100,000 Australian minimum capital requirement. Brokers must also present consistent reports, which ASIC may request be subject to external audits.
Like many other top-tier forex brokers, this one provides a high level of openness. For individuals who are interested in learning more about their business practices, everything from their ACN and ABN numbers to incorporation date, registration address, and the regulator is disclosed online.
Customer support can be contacted via email, phone, or live chat feature, all listed on their website.
Countries that Fusion Markets does not work with
Fusion Markets are not available to traders from Ghana, Iran, Iraq, Pakistan, the United States, Japan, China, Belgium, or New Zealand.
Broker Fusion Markets comes highly recommended. Their dedication to lowering expenses for traders is commendable. They provide a wide variety of investment vehicles at some of the lowest prices in the world.
They provide the lowest quoted forex fees in Australia and charge, on average, 36% less than their rivals.