Fusion Markets is a prominent name in the world of online trading and warrants a comprehensive review for both novice and seasoned traders. With its commitment to transparency, competitive pricing, and a user-friendly platform, Fusion Markets has earned a reputation as a trustworthy broker. In this review, we will try to share everything about Fusion Markets. So, keep reading this article and learn more about Fusion Markets.
Overview of Fusion Markets
Fusion Markets is a popular online broker launched in 2020. It offers over 5,000 CFDs covering forex, stocks, indices, commodities, and cryptocurrencies. With competitive spreads, fast trade execution, and a simple intuitive platform, Fusion Markets appeals to beginner and experienced traders alike.
Registration only takes a few minutes. Once your account is funded, you can start trading right away on their web-based platform or mobile apps. Fusion Markets keeps things straightforward for new traders but also offers advanced tools for the pros.
Regulation and Security of Fusion Markets
Fusion Markets is regulated by top-tier financial authorities like the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
It uses industry-standard security measures to keep your data and funds safe. Things like 256-bit SSL encryption, two-factor authentication, and data segregation are all employed. Fusion Markets is also a member of the Investor Compensation Fund, which provides coverage of up to £50,000 per client in the event of default.
What You Can Trade on Fusion Markets
Fusion Markets offers a variety of tradable assets to suit any trader’s needs.
Stocks
You have access to over 5,000 stocks from major exchanges like NYSE and Nasdaq. Want exposure to tech giants or blue chips? Fusion’s got you covered.
Forex
Trade over 50 currency pairs with tight spreads and leverage up to 1:500. From majors like EUR/USD to exotics, discover endless opportunities in the global forex market.
Commodities
Go long or short on commodities like gold, silver, crude oil, and natural gas. Commodities can provide portfolio diversification and hedge against inflation.
Indices
Bet on the overall direction of stock markets by trading stock market indices like S&P 500, FTSE 100, DAX, and Nikkei 225. Indices often trend strongly and respond to macroeconomic events.
Cryptos
Fusion Markets offers CFDs on major cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Ripple. Cryptos are open 24/7 and can see huge price swings, ideal for active traders.
With a fully loaded platform and competitive pricing, Fusion Markets gives you all the tools you need to trade a variety of markets. Whether you’re a stock picker, forex scalper, or crypto enthusiast, Fusion’s got you covered.
Fees of Fusion Markets
Fusion Markets does not charge any fees for opening a trading account or maintaining an inactive account. However, there are certain fees associated with trading, deposits, and withdrawals.
It charges a small commission for CFD trades. The commission fees range from $3 to $9 per lot depending on the instrument. For stock CFDs, the commission is 0.08% of the trade value.
The minimum deposit to open a live trading account is $250. You can fund your account through bank wire transfers, credit/debit cards (Visa, Mastercard), Skrill, Neteller, UnionPay, and Bitcoin. Most methods are free, but bank wire transfers may incur additional bank charges.
Withdrawals are also free of charge and the funds are sent to the original source of deposit. The processing time is 1 to 5 business days. You can withdraw a minimum of $50 at a time.
Alternatives to Fusion Markets
Looking for an alternative broker to Fusion Markets? Here are a few good options to consider:
Pepperstone
Pepperstone is an award-winning broker that offers over 60 currency pairs and other CFDs to trade. They are well-regulated and offer ultra-fast trade execution speeds. Pepperstone has lower minimum deposits and competitive spreads.
IG
IG is one of the largest CFD brokers and has been in operation since 1974. They offer forex, shares, indices, commodities, and cryptocurrency trading with tight spreads and no commissions. IG provides educational resources and a user-friendly trading platform for all experience levels.
AvaTrade
AvaTrade is a reputable and regulated broker that has been providing forex and CFD trading services since 2006. They offer over 250 trading instruments with competitive fees and spreads. AvaTrade is known for its multiple trading platforms, available for web, desktop, and mobile, as well as useful trading tools, educational resources, and 24/5 multilingual support.
Is Fusion Markets Legit or a Scam?
Fusion Markets is a legitimate Forex broker, so you don’t have to worry about it being a scam. Fusion Markets is regulated by top-tier regulators like the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
These regulators enforce strict rules to protect traders and their funds. Fusion Markets also segregates client funds from its operational funds and holds them in trust accounts with top banks. So, your money is very secure with this broker.
Pros and Cons of Fusion Markets
The pros of using Fusion Markets definitely outweigh the cons for most traders.
Pros:
- Low fees including no commissions on stock, ETF, and options trades. They offer some of the lowest margin rates in the industry.
- Easy-to-use platforms with free stock trading tools, streaming charts, custom scanners, and news feeds. The website and mobile apps are very intuitive.
- Excellent customer service with 24/7 phone support as well as email and live chat options. They have a reputation for prompt, courteous service.
- A wide range of tradable assets including stocks, ETFs, options, futures, forex, and crypto. Something for every trader.
Cons:
- No retirement planning tools. You’ll need to manage your own IRA or 401k elsewhere.
- Limited access to research and analyst reports compared to full-service brokers. DIY traders will need to find their own sources for analysis.
Final Thought
Fusion Markets show a lot of promise with competitive fees, a good range of assets, and strong security. If you’re looking for an easy-to-use platform to dip your toes into trading, Fusion Markets is worth checking out.
You have nothing to lose by signing up for a free demo account to take it for a test drive. And if after trying the demo you decide to go live with real money, you can feel confident knowing your funds and data will be kept safe.
