Fusion Market is an online Australian Forex broker. The team consists of brokers that have a combined experience of over fifty years. Not only does the firm deal with trading forex, it is also trained in trading of CFDs and other financial products. With a CEO and founder committed to making trading accessible at lower costs and incorporating cutting-edge technology into the process, fusion market has earned a reputable position in the market. Customers are guaranteed a friendly and seamless experience regardless of their trading level.
The Fusion formula consists of a combination of radical and low-cost trading, friendly support and leading technology, all combined together to give the optimum results. Fusion market comes under Gleneagle Asset Management Limited and has been licensed to perform financial services on an international level, known as Australian Financial Services License (AFSL). Regulated by the ASIC and VFSC, Gleneagle Securities Pty Limited is a registered Vanuatu company.
The international operational status means that there are some additional laws that have to be abided. For this reason, forex market brokers are not allowed to practice trading in Iran, New Zealand, Japan, North Korea or the USA. Fusion market assists clients by its proficient and excellent services. Fusion Market offers services under The ZERO Account and The Classic Account, both of which have been structured to suit the purposes of amateurs as well as new players. The ZERO Account is targeted at active players whereas The Classic Account is ideal if you’re exploring the trading world and are not willing to give too much commission to brokers.
In this review, we will explore the different aspects of forex dealing through fusion market including trading tools, trading platforms, pricing and rules and regulation.
FUSION MARKET OVERVIEW:
- Lowest advertised forex commissions in Australia
- White Glove support
- No fees on deposits
- Strict adherence to regulations
- Flexibility for clients in choosing the leverage they desire
- No restrictions on the account size
- Combined experience of over 50 years.
FUSION MARKET COMPANY PROFILE:
Fusion Market, operated by Gleneagle Asset Management Limited is a digital platform for trading forex, energy such as natural gas, crude oil and brent oil, precious metals, equity indices, cryptocurrencies such asBitcoin, Dash, Ripple, Ethereum and sharing CFDs.
Founded in 2017, Fusion Market has made its way to the top and is now on the top-tier trading sites. Catering to more than 120 financial products, Fusion Market utilizes the MetaTrader4 platform and provides flexibility in choosing leverage with a maximum of 500:1. The MetaTrader4 trading platform can be intimidating which is Fusion Market’s live specialists are always available to simplify the process for their clients.
To cater to the international audience, the site is available in both, English and Thai. The idea behind Fusion Markets is to provide trading services and brokers at affordable rates. Currently, Fusion Market has a 36% reduced commission rate as compared to the market. There are no limits to how much you want to invest in trading, Fusion Market allows its client to start their accounts with as little as they like.
FUSION MARKET REGULATIONS:
Fusion Market is an extremely secure trading platform that abides by the policies set in place by the Australian Securities and Investments Commission (ASIC). The ASCI itself is responsible for the protection of consumers and investors by implementing policies regarding financial services that are aimed at safeguarding the clients. The scope and authority of the ASCI is determined by the Securities and Investment Commissions Act of 2001.
Gleneagle Asset Management Pty Limited is a Melbourne based company that owns and operates the site while the CEO and founder of Fusion Market is Phil Horner, a reputable name with tons of prior experience in the brokerage and trading world.
Before becoming a client, users are required to submit legitimate documentation for authentication purposes and for compliance with the Counterterrorism regulations and Australian Anti Money Laundering (AML). To tackle instances where insolvency occurs, Fusion Market deposits the money of its clients into segregated Client Trust Accounts. These accounts are made in Westpac, which is one of the four big players in Australia’s banking sector. Westpac is the first bank of Australia and has been around ever since. The bank itself has evolved with time, providing a wide variety of services.
Due to the legal framework and local restrictions attached with the site, Fusion Market has not extended its services in a few jurisdictions which include North Korea, Burma, Congo, Lebanon, Japan, USA, Syria, Sudan, New Zealand, Liberia and Zimbabwe.
With the influx of trader and brokers available, the issue of credibility has also been on the rise. The firm’s team consists of licensed personnel and its client reviews are a testament to its commitment. Fusion Market is constantly expanding the commodities that they trade in and plans are in action to add trading of commodities.
Fusion Markets – Open Trading Account
FUSION MARKET TRADING PLATFORMS:
It is no surprise that the Fusion Market has kept the convenience of client as its top priority when deciding on a trading platform. Fusion Market uses the MetaTrader 4 which aligns perfectly with the industry standards for Forex trading. The MetaTrader 4 can be downloaded on any device and compatible and fast nature makes it very convenient. The MetaTrader, itself, is available in English and Thai and has two versions.
1. MOBILE APPLICATION
As expected, the MetaTrader 4 is compatible with both, iOS and android. Regardless of the operating system, the app’s flexibility makes it ideal for both android and Apple users. The client has to download the app from the Play Store or App Store for free.
The availability of the app on a smart device allows users to indulge in trading regardless of where they are and the graphical indicators in the app make it very convenient for users to comprehend and engage with their accounts, trade and explore different markets. The nature of the app is in line with fusion market’s policy to provide a seamless trading process regardless of how experienced the client is.
Experienced clients can create charts and access trading news for free while novice clients can access the real-time quotes for Forex trading, detailed history and execution types available on the app.
2. METAQUOTES WEB TRADER
An alternative to installing the MetaTrader 4 software is to access the cloud-based version. The MetaQuotes Web Trader is a web-based version available online and clients can either use a live account or the demo option that is available.
There are no differences in the user-friendliness of the installed and the cloud version. The cloud version is available in 40 different languages and is suited for a much wider audience. Users can still customize their own charts and graphs as per their liking. The cloud version allows the use of analytical tools such as regression lines, Andrews Pitchfork, equidistant, standard deviation etc., to better understand the nature of the prevailing trends.
3. MULTI ACCOUNT MANAGER
It is designed for professional traders that need to manage multiple accounts for clients and are looking for a cost-effective yet efficient solution. The MAM is able to trade across numerous channels simultaneously, has a range of acceptable order types, places no restrictions on the size of the trade, provides expert advice and allows trading of any and all products.
4. VIRTUAL PRIVATE SERVER
Gaining access through third-party providers, the virtual private server makes the MT4 Forex VPS Hosting Service available at 25% discounted prices. This VPS ensures connectivity throughout the day thus avoiding any interruption issues. This VPS is supported by a multilingual support staff and team of experts.
5. MYFXBOOK AUTOTRADE
Myfxbook is one of the world’s largest online forex trading communities. The MyfxbookAutoTrade allows clients to copy and follow traders. There are live sessions to assist clients and no hidden fees are charged in case the MyfxbookAutoTrade is utilized. The user has the authority to decide whether another system can be added on their account or not.
FUSION MARKETS DEMO ACCOUNT:
Future Markets offers a demo account for new users on the Fusion Client Hub. This account has the features of a live account and once the user gets accustomed to trading, they can opt for a live account. The demo account assists users in analyzing and reviewing the platform.
Fusion Market offers two types of accounts; the ZERO Account and the Classic Account. The ZERO Account is ideal for amateurs who have a comprehensive knowledge of trading. The spreads in this account ranges from 0 pips to AUD $4.50 with commission whereas in the Classic Account spreads start from 0.8 pips with zero commissions and is ideal for beginners.
FUSION MARKET DEPOSIT AND WITHDRAWALS:
Fusion Market is all about lower rates which is why it does not enforce any fees for deposits or withdrawals. There are several ways through which you can deposit or withdraw your money. They are as follows:
- MasterCard (debit and credit)
- Jeton Wallet
- Perfect Money
- Bank wire
- Local bank transfer
ACCOUNT CURRENCIES SUPPORTED BY FUSION MARKET:
Fusion Market supports most major currencies for you to choose from. Here are some of them:
FUSION MARKET FEES AND COMISSIONS:
Fees is very low relative to the competitors in the trading industry. Non-trading payments are minimal, and there are no inactivity charges. If a client is funding via Visa, MasterCard or bank wire, there is no fee, however if they are transferring from an international bank then they might incur a fees of USD $20-$30.
Fusion Market doesn’t charge trade commissions on trading fees. The payments are combined with the spreads. Spreads on currency pairs could start from 0.8 pips. If you’re using a MAM/PAM account then the trader themselves are eligible to a performance and maintenance fees.
- Low trading and non-trading fees
- Excellent customer services
- Account opening is fast and easy
- No inactivity fees
- Strict regulations
- Commission-free trading
- Discount VPS
- Basic educational tools are used
- No protection for investors
- Limited trading tools
- No US clients
CONCLUSION: SHOULD YOU TRADE WITH FUSION MARKET?
Fusion Market could be an ideal solution for you if you want a cost-effective yet reliable trading experience. There is a reasonable number of tools available for trading and the lowered fees makes it a suitable choice. With various attractive features like the flexible trading platforms, different account types, free VPS, MAM/PAMM account and excellent customer support, fusion market can be concluded as desirable.
FUSION MARKETS FREQUENTLY ASKED QUESTIONS:
1. How long doFusion Market withdrawals take?
Withdrawals can take about 1-5 business days.
2. What Is the Minimum Deposit?
There is no minimum deposit, it depends on the client. However, clients usually start with $1500.
3. Does Market.com offer Islamic or Swap-Free accounts?
No, Fusion Markets doesnot offer Islamic or Swap-Free accounts as of yet.