When you sign up to Fusion Markets, there are no special offers or promotions. This may sound disappointing to some but most Fusion Markets agree that this is often a sign of quality, as the platform does not need to rely on gimmicks to attract new users.
You can open an account by simply clicking on the ‘Create an Account’ tab, which can be found in the top right-hand corner of the screen. This will begin the process, but you’ll need to input a few details before you can get started. These include your email, date of birth and address. Fusion Markets will then need to complete its KYC checks, which may require you to provide copies of an ID document.
When it comes to the initial Fusion Markets experience and rating, the platform scores pretty highly. The website is extremely well laid out, with pretty much every option you could need is accessible via the main menu across the top of the screen. If you require additional information about the company or its services, you’ll find it in the footer at the bottom of the page.
As part of our Fusion Markets review, we spent some time exploring the site and found it was extremely easy to navigate and worked flawlessly–even during the busiest times. All the services are accessible and users have plenty of options when it comes to actually accessing the trading platforms and markets.
Overall, we found the Fusion Markets very easy to use and believe it will be suitable for both new and experienced traders. You can check out our IG.com review if you want to compare to a site with a slightly different layout, that is equally simple to use.
If you’ve checked out our AvaTrade review, then you’ll know that we like to see operators cater their services to different levels of traders. Fusion Markets meets this criterion by offering two different account types – the Classic Account and the Zero Account.
Most Fusion Market reviews will note that the accounts are actually fairly similar. They differ in how fees are applied to trades. The classic account has the total fee built into each spread, which makes it more suitable for newer traders. The ZERO account, on the other hand, requires traders to factor in the commission and spread fees and is targeted more at higher-volume traders.
Users choose which account type they want when initially signing up to the platform. Both accounts allow users to access all the same Fusion Markets features and tools.
In addition to the two accounts detailed above, new users also have the option of opening a Fusion Markets demo account. As the name suggests, this is an account that lets you try your hand at forex or CFD trading without actually risking real funds. Once you’ve used all your virtual funds, you can then sign up for a full account or simply move on to a different operator.
Another thing that impressed our Fusion Markets review was the range of trading platforms available. Once again, a selection of platforms is important if a platform is to appeal to different levels of traders.
First up, Fusion Markets offers the MetaTrader 4 platform for desktop users. Anyone familiar with forex or CFD trading will know that MT4 is arguably the market leader. It offers a huge number of professional-level tools as well as myriad charting options. Typically, the MT4 platform is better for more advanced users.
Fusion Markets also offers its web trading platform, which is also powered by MT4. The advantage of the web trader is that there is no need to download any additional software–everything can be accessed through your web browser.
Finally, Fusion Markets also offers the MT4 trader as a downloadable mobile app, available for both Android and IOS devices.
If you want to trade with Fusion Markets, then obviously you will need to fund your account. The good news is that the platform gives you plenty of choice. You can use your Visa/Debit card, PayPal, wire transfer or several e-payment options, such as Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, and Online Naira. The only thing worth noting is that if you deposit via wire transfer from a bank account outside Australia to the platform’s domestic deposit account, you’ll pay a fee of A$20 – A$30.
So is Fusion Markets reliable for withdrawals? You bet it is. The platform employs stringent KYC procedures to ensure that funds can only be withdrawn to your registered payment methods. Withdrawals also must be processed back to the same payment method used to deposit.
There are no minimum deposits and, aside from the currency conversion mentioned above, Fusion Markets will not charge you for moving funds in or out of your account.
Fees – competitive pricing at Fusion Markets
Most Fusion Markets reviews agree that the platform offers highly competitive fees, although, as we’ve discussed, these can vary depending on which account type you opt for. If you go for the ZERO account, then you’ll pay $2.25 per lot per trade plus whatever the spread is. Spreads start at 0 pips but the average is around 0.2 pips. If you’re using the Classic Account, then all fees will be included in the spread price. With this account, spreads start at 0.8 pips.
One major plus point noted by our Fusion Markets review is that the platform has very few other fees. There’s no account management fee and no inactivity fee. We compared the fees of Fusion Markets with our Binance review and found them to be highly competitive. However, there can be additional fees associated if you are using your Fusion Markets account with different currencies.
Our Fusion Markets review believes this is one of the most approachable platforms you’re likely to find and there’s plenty of information available on the site about the markets available and the various tools you can use. However, the platform also has an excellent customer support team that can be reached 24/7.
By far the easiest way to get in touch is via webchat. Our Fusion Markets review found the team typically responds within two minutes, but this can be longer during busier periods. You also have the option of emailing the team and there’s even a phone number available if you want to speak to the team directly.
You might even find that you don’t need to contact customer service at all, as the website has a fairly in-depth FAQ section that covers just about every kind of query you can imagine, from payment options to how to set up the trading platforms.
When it comes to trading and investing online, regulation is a pretty big deal. Not only does adequate licensing ensure that everything is above board, but it also acts as an indicator of quality, as the operator must have met the necessary operational requirements to secure its license.
Fusion Markets holds an Australian Financial Services License and is also authorised by the Vanuatu Financial Services Commission. In addition to this, its parent company, Fusion Markets International, is authorised as a securities dealer by the Financial Services Authority of Seychelles. Taken together, these are some pretty robust regulatory credentials and should put your mind at ease that there are no Fusion Markets scams going on.
If you’ve read our other articles, such as our Capital.com review, then you’ll know it’s important that trading platforms keep all user deposits in dedicated accounts that are separate from its own business operations. Our Fusion Markets review is therefore pleased to confirm that user funds are held in accounts with HSBC and Australia National Bank, so you can rest assured that your funds are safe.
In addition to its already impressive range of features, our Fusion Markets review was pleased to find that the platform offers a demo account, which allows users to try out the various trading platforms and even get a feel for the markets without having to commit real funds. This is particularly useful if you are new to trading, as the learning curve can be quite steep and having a demo account gives you the opportunity to make rookie errors without paying the consequences.
We were also impressed with the referral scheme the platform has in place, offering users the chance to earn commission if friends and family sign up to the site.