Fusion Markets Review Australia & Test 2021
Is Fusion Markets Safe Or Scam?
If you are looking for a broker that offers you a robust selection of forex markets, coupled with a trading platform that is exceptionally easy to use then look no further than Fusion Markets.
Our Fusion Markets review found that the broker offers in excess of 70 different currency pairs to choose from for your forex trading. In addition, you can make use of the phenomenal MetaTrader 4 and MetaTrader 5 trading platforms to boost their trading performance. Check out the rest of our Fusion Markets review to create your account.
Setting up your Fusion Markets Australia account shouldn’t take you longer than 15 minutes. It is not impossible for you to set up your account and have it verified within the same day although it can take up to three days depending on how busy the team is over at Fusion Markets.
All you need to do is click on the “create an account” button and from there you will be taken to the first step in the process. You will need to first add your email address and then create a password for your account. From there, you will already need to login into your profile by signing in through the client portal interface.
Now you can add in all of your personal details, things like your date of birth and your residency in particular. Choose your account type (which we will get into more detail later on in our Fusion Markets review Australia), your leverage size and set a security question for yourself in the event you forget your password.
The last step in the KYC process is to verify your identification and your residence. You will need to send through a copy of your driver’s license, standard I.D. or your passport to do this. You will need to also provide a bank statement from the last three months or a utility bill to provide proof of residence.
What about the functionality of the website? Well, our Fusion Markets review Australia found that everything ran smoothly when we tested it out. Going from page to page was no hassle at all, as the pages laded quickly. Finding individual sections of the site is also made easy with the accessible drop-down menus at the top of the homepage. Furthermore, the search bar in the FAQs section of the site will help you to better understand anything that you may be unsure about.
Our Fusion Markets review also found that the mobile version of the site functioned just as well when being accessed from a tablet or mobile phone. All in all, the functionality of Fusion Markets both on mobile and desktop versions of the site is seamless. MetaTrader 4 and 5 run without a hiccup whether you decide to download the app or use it via the WebTrader feature as well.
Most online brokerage firms will give you the option to choose an ownership account. At Fusion Markets your only option in this regard is a corporate account. Where Fusion Markets shine is with their offering of two unique trading accounts each with their own benefits.
Users can make use of the Classic account which charges zero commission fees on your trades and builds your fees straight into the spreads. It’s easy to understand and everything can be taken into account at face value. This helps to keep things simple, especially if you are just starting out with your trading endeavours. No spread calculations needed.
The Zero account is arguably the most popular account on the platform. With this account, you will have tighter spreads but with a commission charged. The commission for a round trip trade on a single lot is $4.5. This account is typically for more active traders who understand the lay of the land in terms of commission fees and working out the average spreads.
You can also access a Fusion Markets Australia demo account before committing to either of the two accounts we just mentioned. This is a great way to test the platform out before signing up. This way you will have a much clearer idea about whether the broker is going to fulfil your needs or not. Check out our Macquarie Online Trading review to see if they offer you a chance to use a demo account as well.
Fees – Some of the lowest trading fees in the country
There are a couple of different fees to keep in mind when trading with Fusion Markets Australia. It won’t really matter what account you choose as there are commission fees to contend with. The Zero account makes them visible, where the Classic account builds them into your spreads. As we mentioned before this commission fee is $4.5 for a round trip on 1 lot.
Your forex pairs will have average spreads ranging from 0 pips all the way up to 200 pips. This will depend entirely on the currency pairs you are trading and whether or not they are major, minor or exotic. You can check out the full list of average spreads on the trading conditions page over at Fusion Markets Australia to give you a better idea of what you are in for with forex trading costs.
As far as payment fees go, you won’t be charged any whatsoever on your deposit. However, if you are making a withdrawal using a bank transfer then the cost is fairly high at $20 per withdrawal.
Aside from the fact that you can use the Fusion Markets Australia platform both via the desktop and mobile versions of the site, there are also exceptional trading platforms for you to choose from as well. Users who sign up to Fusion Markets Australia will be able to use the industry favourites in MetaTrader 4 and MetaTrader 5.
MetaTrader 4 gives you access to a plethora of expert tools. Users can make use of the automated trading feature which is informed by expert pioneers. The trading platform will also give you the ability to trade with every single one of Fusion Market’s available trading instruments like cryptos, indices, CFDs, forex and more. You’ll have flexible trading options as you can trade with different order types, use customizable charts and a host of other trading tools.
MetaTrader 5 is essentially giving you Metatrader 4 but with more advanced features. MT5 includes 80+ technical analysis objects, increased market depth, faster processing times, advanced pending orders and more. This is essentially for the more advanced trader who needs an extra edge to tackle the everyday trades.
There is a decent selection of payment methods available to choose from for your deposits and withdrawals. At the time of writing our Fusion Markets review, we found that users could choose from Visa, MasterCard (credit & debit), Skrill, Neteller or bank wire. You can also make your withdrawals with these options as well.
Generally speaking, you will need to use the same withdrawal method that you used to make your recent deposit. This is done to prevent things like money laundering on the Fusion Markets platform. Another reason why we are confident there is no Fusion Markets scam happening.
There is currently no minimum deposit at Fusion Markets. Users can deposit as much as they feel comfortable with. On the flip side, users will need to withdraw a total of $40. This is largely due to the fact that if you withdraw via a bank transfer your bank costs will be $20. Check out our Markets review and our Easy Markets review to see how these bookmakers payment methods compare.
There is every chance that you are going to run into some problems over the course of your trading journey on the site. That is when it is going to be handy to contact the customer support team over at Fusion Markets.
Our Fusion Markets review found that there were three different ways for you to contact the support team. There is the live chat feature which is great to have your questions answered swiftly. You can opt to email the support team as well for a more long-form message detailing a larger problem, Or you can go the old fashioned way and give them a call.
Their hours are 24/5, leaving only Saturday and Sunday where you can’t have your problems addressed. We were ultimately really impressed with the level of professionalism and care shown by the customer support team over at Fusion Markets.
From what our Fusion Markets review could gather, we could only contact the support team in English. There does not appear to be an option for any other language. We were a little disappointed by this but overall our Fusion Markets rating remains the same.
In order to answer the question “is Fusion Markets safe to use?” we checked to see what financial authorities regulate the platform. Our Fusion Markets review Australia found that the broker is regulated by the Australian Securities and Investments Commission. This is a strong indicator that Fusion Markets is safe enough for you to use already. But users need more reassurance than that, specifically, with how well their funds are protected.
You will be happy to know that Fusion Markets Australia keeps all users’ funds in a separate trust account. This way, you know your money is safe in the event that Fusion Markets Australia is liquidated or runs into some sizable debts.
That brings us to the end of our Fusion Markets review. In all honesty, there is not a whole lot we can say about this broker that isn’t positive. From the diverse range of forex currency pairs to the smooth functioning of the website, there is so much to love about this trading platform. It should be clear now why our Fusion Markets ranking is so strong.
To give you an idea of why this broker is rated so highly on our site we recommend taking a look at our AxiTrader review or our OctaFX review as a useful comparison tool.