Fusion Markets Review 2026

The basic trading model

Fusion Markets operates as a No Dealing Desk broker using a hybrid ECN and STP model. It offers leveraged trading across Forex, commodities, indices, stocks and cryptocurrencies. Share exposure is mainly through CFDs rather than share ownership; crypto exposure is generally through leveraged derivatives rather than wallet ownership.

Clients choose between Classic, where commission is built into a wider spread, and Zero, which pairs raw spreads with a separate commission. Trading is available through third-party platforms, while Fusion+ is a proprietary copy-trading service. Fusion Hub is the client portal for account management, deposits and withdrawals.

Important regional differences

Leverage and protections depend on the entity serving the client. ASIC retail clients are capped at 1:30 on major Forex pairs, while clients under the FSA and VFSC entities can access up to 1:500 for Forex and precious metals. Negative balance protection is offered only to retail clients under the ASIC entity and is not guaranteed for clients under international entities.

Trading costs

Fusion Markets has two main pricing structures. The Classic account has no commission, with fees incorporated into wider spreads. The Zero account uses raw spreads from 0.0 pips and charges $2.25 per standard lot per side on Forex and Metals. The average spread figures below are averages, not minimum advertised spreads; the supplied instrument averages are not separated by account type.

Non-trading costs

Fusion Markets does not charge broker deposit or withdrawal fees, although banks and payment providers may charge their own fees. Currency conversion charges apply when funding or withdrawing in a currency different from the account’s base currency, and when trading an instrument denominated in another currency; the conversion uses the liquidity-provider exchange rate plus a mark-up.

Overnight swap fees apply to leveraged positions held open overnight and can be a cost or a credit. Swap-free accounts avoid daily swaps, but an administrative fee may apply to positions held beyond seven days. Inactivity fees depend on the entity: the FSA entity may charge up to $10 annually after 12 months, while the EU entity may charge €10 monthly after 12 months.

Cost takeaway

Zero gives active traders a transparent raw-spread-plus-commission structure, while Classic avoids a separate commission charge but embeds fees in the spread. The relevant comparison depends on the instrument and trading activity; overnight financing, conversion costs and entity-specific inactivity fees can also affect the overall cost.

Account options

The choice is primarily about how trading costs are presented: Classic folds the charge into the spread, while Zero separates commission from the raw spread. Both account types have no broker-imposed minimum deposit.

Platform choices

Base currency and account configuration

Account base currencies include AUD, CAD, EUR, GBP, JPY, THB, SGD, USD, NOK, SEK, CZK, HUF, CHF and DKK. Currency conversion fees can apply when deposits, withdrawals or trades involve a currency different from the account base currency.

A demo account is available. Swap-free Islamic accounts require a request after opening a standard live account. They remove overnight interest, but an administrative fee may apply to positions held open beyond seven days; Zero account commissions may also be slightly higher on swap-free accounts.

Fusion Markets offers leveraged exposure to five broad market categories. The product structure matters: share CFDs do not confer share ownership or voting rights, and crypto exposure is generally through derivatives rather than holding coins in a wallet.

Order execution

Fusion Markets describes its execution model as No Dealing Desk, combining ECN and STP routing to liquidity providers. The price ultimately filled can differ from the price expected when an order is sent, so slippage is possible. The broker supports MT4, MT5, cTrader and TradingView as well as WebTrader.

Leverage, margin and stop-out

Maximum leverage reaches 1:500 for Forex and precious metals under the FSA and VFSC entities. For soft commodities, energies and indices, the maximum is 1:100; share CFDs are capped at 1:20 and cryptocurrencies at 1:5. Under ASIC rules, retail clients are capped at 1:30 on major Forex pairs. The applicable leverage also depends on jurisdiction and asset.

The margin-call level is 90% and the stop-out level is 20%. These thresholds matter when managing positions close to the account’s available margin.

Trading restrictions

Fusion Markets allows scalping, hedging, news trading and Expert Advisors. It does not impose minimum holding times or restrictions on stop-loss and take-profit distances. Arbitrage or other infrastructure exploitation and system manipulation are prohibited.

API access depends on platform and client type. Institutional FIX API access is for professional and institutional clients meeting volume thresholds and having prior FIX experience. cTrader users can use the cTrader Open API; standard MetaTrader automation is through desktop Expert Advisors rather than a direct API connection.

Day-to-day usability

Copy trading is available through Fusion+, DupliTrade and Myfxbook AutoTrade. Fusion Markets also supports TradingView’s community features. VPS options include a sponsored VPS for clients trading more than 20 lots of FX or Metals in a 30-day period; the initial fee is paid upfront and refunded once the volume requirement is met. Discounted third-party VPS options are also available.

1. Eligibility

Fusion Markets does not accept clients resident in Afghanistan, the Democratic Republic of the Congo, the Republic of the Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Palestine, Russia, Spain, Somalia, Sudan, Syria, Ukraine, Yemen or the United States, including American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, the U.S. Minor Outlying Islands and the U.S. Virgin Islands.

2. Registration

Choose a live account and select Classic or Zero. A demo account is also available. Account leverage and protections depend on the legal entity serving the client.

3. Verification

KYC verification is required. Applicants need a government-issued photo ID and recent proof of address, such as a utility bill or bank statement. A selfie or biometric face scan may also be requested. Most accounts are verified within a few hours.

4. Initial funding

There is no broker-imposed minimum deposit to open a live account, but the minimum for an individual transaction depends on the payment method. Bank transfers, cards and e-wallets are among the funding options; deposit fees from Fusion Markets are not charged, although a bank or provider may apply its own fee.

5. Getting ready to trade

Choose a supported platform and account base currency, then fund the account. Islamic swap-free status must be requested after opening a standard live account. Automated trading features depend on the platform and, for some API services, client eligibility.

Deposits

Fusion Markets does not charge a broker deposit fee. Bank or payment-provider charges may still apply, and the payment-method minimum and processing time differ.

Method	Minimum	Broker Fee	Broker Processing	Expected Settlement
Wire Transfer	$10	No broker deposit fee, bank/provider fees may apply	1–5 business days	1–5 business days
Visa	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Mastercard	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
PayPal	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Skrill	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Interac	$10	No broker deposit fee, bank/provider fees may apply	30 min–3 h	30 min–3 h
Apple Pay	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Neteller	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Sticpay	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
DragonPay	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
DuitNow	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Fasapay	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant
Pix	$1	No broker deposit fee, bank/provider fees may apply	Instant	Instant
MPESA	$10	No broker deposit fee, bank/provider fees may apply	Instant	Instant

Withdrawals

Fusion Markets charges no internal withdrawal fee, although intermediary or merchant charges may apply in some cases. Processing by the broker and final settlement are not always the same; bank wires typically take several business days.

Method	Minimum	Broker Fee	Broker Processing	Expected Settlement
Wire Transfer	$35	$0 internal fee, merchant/intermediary charges may apply in some cases	3–5 business days	3–5 business days
PayPal	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
Skrill	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
Interac	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	1–2 business days	1–2 business days
Neteller	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
DragonPay	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	1–2 business days	1–2 business days
Bitcoin	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
Bitcoin Cash	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
Litecoin	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
Ethereum	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
ERC20	$10 equivalent	$0 internal fee, merchant/intermediary charges may apply in some cases	Usually instant after internal processing	Usually instant after internal processing
Tether	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation
Ripple	$10	$0 internal fee, merchant/intermediary charges may apply in some cases	instant after internal processing / provider confirmation	instant after internal processing / provider confirmation

Availability

Support is available around the clock through live chat, email and phone. The contact email is [email protected] and the phone number is +61 3 8376 2706.

How traders can get help

Fusion Markets performs well on routine support requests, with practical guidance and quick responses. Email and phone provide alternatives to live chat for account or trading questions.

Support limitations

Some customers report difficulty resolving deposit or funding issues and technical problems that take too long to fix. Support performance is therefore less consistent for these types of cases than for routine enquiries.

Fusion Markets is headquartered in Australia and operates through entities associated with Australia, Seychelles, Vanuatu and Cyprus. The entity serving an account determines which regulatory rules and client protections apply.

Legal entities and regulators

Client money protections

Fusion Markets segregates client funds from company operating capital in trust accounts, including at National Australia Bank and HSBC. The broker says client funds cannot be used for hedging or business operating expenses.

Negative balance protection applies only to retail clients under the ASIC entity. It is not guaranteed for clients under international entities such as the VFSC or FSA entities. Eligible retail clients of Fusion Markets EU Ltd are covered by Cyprus’ Investor Compensation Fund up to €20,000. These protections are entity-specific and should not be treated as universal guarantees.

Company transparency

Fusion Markets was founded in 2019, is headquartered in Melbourne, Australia, and is privately owned rather than publicly traded.

Important distinction

Segregation and compensation arrangements concern client funds or eligible claims if a firm fails; they do not protect an account from losses caused by trading. Leverage can magnify market losses.

What the headline claim suggests

A $0 minimum deposit and maximum leverage of 1:500 can make it appear that the same low entry threshold and leverage apply to every client.

What happens in practice

The $0 figure is the broker-imposed minimum for opening a live account, not a guarantee that every payment method accepts a zero-value transaction. Individual funding methods have minimums. Leverage is also entity- and instrument-dependent: ASIC retail clients face a 1:30 cap on major Forex pairs, while the highest 1:500 limit applies to Forex and precious metals under the FSA and VFSC entities.

Protection differs just as materially. Negative balance protection is limited to ASIC retail clients and is not guaranteed under international entities. The relevant account entity therefore affects both leverage and loss-related safeguards.

Who should care most

Clients comparing offshore leverage with retail protections should check which entity will hold their account before funding. Traders who require negative balance protection should not assume the ASIC arrangement applies to an account opened under another entity.

Consider Fusion Markets if you...

• Trade Forex or Metals actively and want to compare raw spreads plus a separate commission with a commission-free spread account.
• Want access to MT4, MT5, cTrader, TradingView or WebTrader.
• Use scalping, hedging, news trading or platform-based automation and can work within the relevant platform and entity conditions.

You may want to look elsewhere if you...

• Require negative balance protection regardless of the legal entity serving you.
• Want bond exposure or direct ownership of shares or cryptocurrency rather than the CFD and derivative exposure described here.
• Need a deposit or withdrawal method whose minimum or processing time does not fit your funding plans.

Fusion Markets’ strongest proposition is the choice between a commission-free spread account and raw-spread pricing with a separate commission, across several established trading platforms. Its main compromise is that leverage and protections vary by entity, with negative balance protection limited to ASIC retail clients. Active traders who value the pricing structure and verify their entity’s terms are most likely to accept that trade-off.

Our assessment considers trading costs, account and platform terms, product structure, funding conditions, regulatory arrangements and client protections, while distinguishing broker claims from regulator records and customer feedback. It does not treat protections for broker failure as protection against trading losses. For more detail on how brokers are assessed, see our review methodology.