Is Fusion Markets Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with Fusion Markets try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether Fusion Markets is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker Fusion Markets
Fusion Markets is a young broker from Australia. It was created in November 2017 and began to provide full services in 2019. The company offers to trade in currency pairs and CFDs. Headquartered in Cremorne, Melbourne, Australia, the broker is regulated by ASIC (Australian Securities and Investment Commission, 385620), FSA (Financial Services Authority of Seychelles, SD096) and VFSC (Vanuatu Financial Services Commission, 40256).
| 💰 Account currency: | USD, EUR, GBP, AUD, CAD, JPY, SGD, THB |
|---|---|
| 🚀 Minimum deposit: | From USD 1 |
| ⚖️ Leverage: | Up to 1:30 (for ASIC-regulated retail accounts), up to 1:500 (for VFSC and Fusion Pro ASIC-regulated accounts) |
| 💱 Spread: | From 0.9 pips (Classic), from 0 pips (Zero) |
| 🔧 Instruments: | Currency pairs (90+), CFDs on stocks (100), indices (12), metals (14), energy (3), cryptocurrencies (5) |
| 💹 Margin Call / Stop Out: | 90% / 20% |
Pros and cons of Fusion Markets
👍 Advantages of trading with Fusion Markets:
•Reliable regulation;
•No non-trading fees;
•Diversity of financial instruments.
👎 Disadvantages of Fusion Markets:
•Limited educational opportunities;
•No cent accounts;
•Inability to trade with bonus funds.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
-
A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
-
In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
-
A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is Fusion Markets Regulated? Broker’s license
Security (Protection for Investors)
Fusion Markets has two representative offices, each of which operates under the requirements of the regulators of the country of its jurisdiction. Fusion Markets is an ASIC regulated entity of Gleneagle Asset Management Limited (ABN 29 103 162 278) and operates under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited, which provides services under the name Fusion Markets EN, is a registered company in Vanuatu (company number 40256) and is regulated by the VFSC, is a registered company in Seychelles, (license number SD096) and is regulated by the FSA.
Fusion Markets cannot accept clients from Iran, Japan, New Zealand, North Korea, or the United States. For all non-Australian customers, Vanuatu is the default location.
👍 Advantages
- Client funds are segregated from Fusion Markets capital and held in segregated bank accounts
- Moderate choice of electronic payment systems for making deposits and withdrawals of money
- In case of violation by the broker of the obligations prescribed in the offer, the client can file a complaint with the regulator
👎 Disadvantages
- To open an account in the Australian jurisdiction, you must provide detailed financial information and fill out a form
- Without verification, you cannot make a deposit or withdraw funds
- No negative balance protection
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by Fusion Markets, which you can see below.
The results of the analysis carried out by the Traders Union specialists showed that trading and non-trading fees at the Fusion Markets broker are low. On Classic accounts, the brokerage commission is included in the spread. Zero accounts are charged an additional base commission per lot of $4.5 per round (open and close). Non-trading fees are $0. The broker does not charge commissions when depositing/withdrawing funds. However, warns that commissions may be charged on the side of the bank or the client's payment system.
| Account type | Spread (minimum value) | Withdrawal commission |
| Zero | 4,5$ | No |
| Classic | 9$ | No |
| Swap Free | 0$ | No |
Brokers that are similar to Fusion Markets
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of Fusion Markets conditions with its closest competitors.
Comparison of Fusion Markets with other Brokers
| Fusion Markets | RoboForex | Pocket Option | Exness | IC Markets | Forex4you | |
|---|---|---|---|---|---|---|
Trading platform |
MT4, MobileTrading, WebTrader |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, cTrader, MT5, TradingView |
MT4, MobileTrading, MT5 |
Min deposit |
No |
$10 |
$5 |
$10 |
$200 |
No |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0.1 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
Yes |
Fusion Markets is a low-cost broker with low commissions and opportunities to create passive income.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.
Forex4you is an all-in-one broker for active and passive trading, rates well for both novice traders and professional level traders.
Conclusions
Fusion Markets is a quite reliable broker for trading. Fusion Markets operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
- Is Self Bank Regulated? Is it safe?
- Is Fullerton Markets Regulated? Is it safe?
- Is GCM Forex Regulated? Is it safe?
- Is XTrend Speed Regulated? Is it safe?
- Is FXCM Regulated? Is it safe?
- Is Spreadex Regulated? Is it safe?
- Is Deriv Regulated? Is it safe?
- Is ActivTrades Regulated? Is it safe?
- Is Fidelity Regulated? Is it safe?
- Is Trademax Regulated? Is it safe?
- Is Thinkorswim by TD Ameritrade Regulated? Is it safe?
- Is Purple Trading Regulated? Is it safe?
- Is AMarkets Regulated? Is it safe?
- Is JustForex Regulated? Is it safe?
- Is Capital.com Regulated? Is it safe?
- Is Vantage FX Regulated? Is it safe?
- Is Robinhood Regulated? Is it safe?
- Is Gerchik&Co Regulated? Is it safe?
- Is InterTrader Regulated? Is it safe?
- Is UTRADE Regulated? Is it safe?
- Is LCG Group Regulated? Is it safe?
- Is Trade Nation Regulated? Is it safe?
- Is BlackStone Futures Regulated? Is it safe?
- Is CMTrading Regulated? Is it safe?
- Is Infinox Regulated? Is it safe?
- Is FOREX.com Regulated? Is it safe?
- Is eXcentral Regulated? Is it safe?
- Is Surge Trader Regulated? Is it safe?
- Is FXTM Regulated? Is it safe?
- Is iFOREX Regulated? Is it safe?
FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.