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.
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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.
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. Explore our comprehensive Pepperstone review or FP Markets review pages to find out whether they cover more languages.
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.
While there are a number of other trading instruments on the site, we thought it would be worth it to mention the crypto offering. Users can trade cryptos via CFDs, speculating on the price movements by either going long or short. You can choose from 5 different crypto options including Bitcoin, Litecoin, Ethereum, Dash and Ripple.
The fees for crypto trading at Fusion Markets Australia will vary depending on what you do. If you are trading them as currency pairs your spread average will depend entirely on the cryptocurrencies you use. If you are trading them via CFDs your commission rate for a full round turn is $4.5 per lot.
The maximum leverage for crypto trading via CFDs is currently 1:2. This should not be confused with the fact that your CFD leverage is a maximum of 100:1. The crypto leverage remains at 1:2. Aside from the leverage, there is not much else you need to concern yourself with in terms of the trading conditions. Other than that trading on margin can be fickle and can lead to severe capital losses so always be wary when proceeding with this trading strategy.
Overall, our Fusion Markets review Australia found that while the selection of cryptos was not necessarily extravagant, the maximum leverage is fair. We would like to see a few more crypto options added in the future though.
Our Fusion Markets review found that there were over 70 different currency pairs for traders to choose from. This ample selection of currency pairs is divided between major, minor and exotic classes. We found that you could access everything from EUR/USD, GBP/USD, AUD/USD, EUR/CHF and many more.
Depending on the account you decide to go for, your spreads may vary. However, if you are working off a Classic account your average spreads will look something like this: EUR/USD 0.09, AUD/NOK, 620, AUD/USD 0.16. There is a page dedicated to the various average spreads that you can check out on the Fusion Markets website.
The maximum leverage you can use for forex markets is a staggering 500:1 with the minimum leverage fixed at 20:1. There is a lot of room for you to decide how much risk you want to take on with your forex trading which we found to be a pleasant bonus. Fusion Markets allow you to hedge and scalp with your forex trading. You can also use copy trading on the site if you want to copy some of the more successful forex traders. Your minimum trade size for a currency pair is around 10c per pip.
Overall, it’s difficult not to be impressed by the forex offering at Fusion Markets Australia. There is little to no restriction on the amount of leverage you can use. Coupled with the fact that there are over 70 currency pairs to choose from, it’s easy to see why so many Australians have turned to Fusion Markets Australia for the forex trading needs.
Here at Wetten, we will never openly endorse a brokers’ site if we find out that there is something unsavoury about them. That is why our Fusion Markets review Australia will give you a detailed look at whether or not the broker is safe enough for your everyday trading. You’ll know exactly whether or not there is a Fusion Markets scam happening.
Fusion Markets prides itself as being one of Australia’s cheapest brokers when it comes to commissions, fees and spreads. We put this to the test with our Fusion Markets review as we take a deep dive into all things spreads and costs on the platform. You’ll know exactly what your average spreads for forex markets look like after checking out our Fusion Markets review.
Our Fusion Markets review not only takes a look at the ownership accounts that are available but we also check out whether or not there are any other unique accounts with their own set of benefits. Our Fusion Markets review will give you a breakdown of what these accounts offer and how they differ from one another.
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.
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