Fusion Markets is an Australian-friendly mobile trading platform that was established in 2017 by a team of Forex experts. The brokerage offers multiple exciting trading instruments, and more precisely Forex, Index Trading, Hard Commodities, and Cryptocurrencies. Soon, the broker is expected to add soft commodities to the trading instruments it offers. The trading site’s main goal is to lower the costs of trading to a minimum and provide a remarkable trading experience even on the go.
When it comes to safety, the brokerage is licensed by the Australian Securities and Investments Commission (ASIC), so trading enthusiasts have no reason to worry about the fairness of this mobile trading app. Traders from all skill levels and various budgets are welcomed to join Fusion Markets as the latter does not have minimum deposit requirements.
Fusion Markets mobile trading app utilizes one of the most popular software platforms, and namely MetaTrader 4 (MT4). Traders who prefer to use their mobile devices are provided with the opportunity to download the multi-lingual trading app that works like a charm on iOS 9.0 or later and Android-based touchscreen devices.
Account Types
Opening an account at Fusion Markets mobile trading app is extremely easy. Traders need to tap the button that is attached to the right upper corner and choose Create an Account option. Then you will be required to type your valid email address and choose a reliable password, consisting of numbers and at least one capital letter. After confirming that you are over 18 years old and tap on the Sign-Up button, your registration is successfully finalized and you will be able to log in to your account. The mobile trading app offers demo, zero spread, and classic accounts.
Forex Demo Account
Traders who are new on the Forex market are recommended to firstly open a demo account. In that way, they will be able to verse their skills and evaluate the brokerage they selected. Fusion Markets allows its newcomers to set up a demo account without the need to invest money in it. To do so, you will be required to provide some basic information.
The demo account has a time limit. Once it expires, traders are required to set up a new demo account or switch to a live account where they can trade with real funds. At Fusion Markets, demo accounts are valid for 30 days and if the account is funded, the demo can be set to unlimited.
Classic Trading Account
If you are ready to start trading with real funds, but you are still not that confident about your skills, we would recommend you to open a classic account as you will avoid calculating your commission before each trade. Spreads start from 0.8 pips with zero commissions as these are included in the spread.
Once you set up such an account at Fusion Markets, you can benefit from a refer-to-a-friend bonus that will improve your trading budget. You can claim $50 for every client that you refer. The only condition is that the newcomer should deposit and trade more than 5 standard lots of FX. If you refer to 5 friends who deposit and trade more than 5 standard lots of FX, Fusion Markets will cut down your commission rate by 5%. Assuming that you refer to 10 friends, you will receive 10% off your commission.
Zero Spread Account
Fusion Markets offer a zero spread account that is specially designed for active traders who are familiar with the Forex market. Interestingly enough, spreads start from 0 pips and the commission is set at AUD$4.50. Needless to say, brokers offer such accounts in order to keep up with the stiff competition and attract the attention of new traders.
What sets Fusion Markets apart from the competition is the fact that it does not require a higher minimum deposit in case you decide to set up a zero spread account. It is important to mention that traders who set up a zero spread account can also claim the refer-to-a-friend bonus.
Trading Instruments
Fusion Markets mobile app offers various trading instruments, including Forex, energy, precious metals, equity indices, hard commodities, and cryptocurrencies. Soft commodities are yet to be added to the broker’s list. As for now, traders have over 120 instruments to choose from. Once you visit the trading site via your mobile device, you can find all the instruments by tapping on the Main Menu button that is located in the upper left corner and choose Products & Accounts button.Forex Trading
Fusion Markets offers over 90 currency pairs to trade with. From the most common ones such as EUR/USD to more exotic ones, traders will certainly enjoy a plethora of opportunities. The major currency pairs are touted to be the most liquid due to the better trading conditions. The Forex market is available from Monday to Friday around-the-clock.
It is important to explain that the broker features important tools to protect traders from significant losses. What is more, the broker offers a 500:1 leverage. This means that if you deposit $100 and benefit from the maximum leverage, you will boost your budget up to $50,000. However, we would like to warn our readers to be extremely careful when using leverage as it can be a double-edged sword.
Index Trading
At Fusion Markets, traders are provided with the opportunity to trade indices. They can speculate on the movements of indices rising or falling without taking ownership of the assets thanks to the CDFs. You can trade on some of the biggest equity markets and enjoy competitive spreads, flexible leverage, and the ability to trade long or short.
For most CDFs, the maximum leverage is 100:1 unless otherwise stated. Traders should keep in mind that the lower the leverage is, the more the deposit grows. Some of the indices you will come across when trading on Fusion Markets include AUS200, CN50, E35, FRA40, GER30, NAS100, etc. The maximum trade size for indices is 100.
Cryptocurrency Trading
Trading cryptocurrencies is also an option at Fusion Markets mobile trading app. Fusion Markets provides its fans with the opportunity to trade some of the most popular cryptocurrencies, including Bitcoin, Dash, Ripple, Ethereum, and more. Bitcoin trades can be leveraged at a 2:1 ratio. You can place a trade up to 0.01 lots for cryptos. Amateur traders should be informed that trading cryptocurrencies is riskier than trading currency pairs.
Hard Commodities
Fusion Markets also offers trading hard commodities such as crude oil, Brent oil, and natural gas. The broker offers 1:1,000 leverage for trading hard commodities. As for the trade size, Fusion Markets offers a minimum lot size of 0.01. Hard commodities are well-known for their high volatility and the traders can make a lot of money for a short time. However, trading hard commodities is also quite risky, so traders whose career is at its infancy are advised to steer clear from these instruments.
Currently, Fusion Markets does not offer trading soft commodities, but we saw that it is a matter of time for these to appear on the broker’s list of offerings.
Fees and Spreads
When choosing an online brokerage, you are certainly interested in the fees and spreads it offers. In fact, this is one of the main reasons for traders to choose a particular website. In case you are wondering if Fusion Markets is worth your attention, you might be interested to learn that the Aussie brokerage offers some of the lowest fees and spreads on the market.
Fusion Markets mobile trading app features fluctuating rates for the different asset classes it offers. When it comes to currency pairs, traders will see that the average spread starts from 0.12 and it goes up to 182.01. Trading cryptocurrencies comes with a minimum average spread of 0.10 and the upper ceiling is set at 1,400.00. As for trading indices, the average spread ranges from 0.41 up to 12.77. The average spread for trading hard commodities ranges from 0.10 up to 42.38 for metals and from 0.15 up to 3.10 for trading oil.
Once you visit Fusion Markets mobile trading app, you will see that the brokerage brags itself about its low commissions that start from just AUD$2.25 per side and a total of AUD$4.50 per Lot/Round turn. According to the brokerage, it offers one of the lowest fees on the Australian market. Fusion Markets only charges commission and swap fees.
The swap rate in currencies is simply an overnight finance cost that is either received or paid on positions held overnight. They are calculated by Fusion Markets’ prime broker and liquidity providers, and it is based on current market conditions and risk analysis. It is worth noting that Fusion Markets does not have any control over these rates.
Banking
Assuming that you want to revel in an exciting trading experience, you will need to fund your account with real money. To do so, Fusion Markets offers several payment solutions that are proven and reliable. You can both make a deposit or withdraw funds in a hassle-free manner.
What is more, the brokerage offers its fans the opportunity to choose from various currencies, including AUD, USD, EUR, SGD, GBP, and SGY. However, we must note that in case you select a currency other than AUD, conversion charges might occur. In the lines below, we will cast some light on the banking solutions you can make use of when trading on Fusion Markets.
| Brand | Minimum | Fees | Processing Time |
 | No Minimum | No Fees | Instantly |
 | No Minimum | No Fees | Instantly |
 | No Minimum | No Fees | Instantly |
 | No Minimum | No Fees | Instantly |
 | No Minimum | No Fees | Instantly |
| Brand | Minimum | Fees | Processing Time |
| No Minimum | No Fees | 2 business days |
| No Minimum | No Fees | 2 business days |
| No Minimum | No Fees | 2 business days |
| No Minimum | No Fees | 2 business days |
 | No Minimum | No Fees / International $25 | 2-7 business days |
| No Minimum | No Fees | 2 business days |
Deposits
Making a deposit at Fusion Markets is a child’s play as traders can use Visa, Mastercard, Skrill, Neteller, and FasaPay. There is barely any person who is not familiar with Visa and Mastercard as these bank cards are among the most widely used payment solutions. Skrill and Neteller are digital wallets, which come with a plethora of advantages. One of their most highly-valued features is the fact that traders are not required to disclose their sensitive bank details. In addition to that, these e-wallets offer a high-security level as all the data is encrypted.
FasaPay is an online payment system that is quite popular among traders. When making a deposit, traders do not need to pay any fees. What is laudable here is that the brokerage has no minimum deposit, meaning that you can fund your trading account with as much as you wish to. However, the customer support representatives warned us that some banking solutions do not accept payments under $10.
Withdrawals
In case you wish to withdraw your profits, you can do so via the same payment solution you have chosen to make a deposit. In other words, Fusion Markets follows “the matching method”. It is important to explain that all of the profits after the first withdrawal will be processed via
Bank Wire. If you are withdrawing via bank wire in Australia, funds are usually credited to your account within 2 business days and are free of charge. If it is an international bank transfer, cashouts might take up to 7 business days and typically have a charge of $25.The brokerage does not feature a minimum limit on withdrawals.
Regulation
Fusion Markets is a reputable and fully-regulated mobile trading app that holds a license issued by the Australian Securities and Investments Commission (ASIC). As a company that is dedicated to providing trading services but also preventing its fans from significant losses, the brokerage offers various educational and loss limit tools. In addition to that, the brokerage utilizes Telegram to give daily trade ideas to its customers.
Another aspect that consolidates the company’s position on the market is its highly-responsive customer support department that is available 24/5. You can contact the agents via the Live Chat facility, over the phone, or by sending an email.
FAQ
1. Who is allowed to join Fusion Markets mobile trading app?
2. Is there a maximum deposit and how much is it?
3. Is it possible to withdraw funds while trading positions are still opened?
4. Is it possible to download Fusion Markets mobile trading app on my touchscreen device?
5. What is scalping and is it allowed at Fusion Markets?
Conclusion
According to our humble opinion, Fusion Markets mobile trading app is a reputable and fair brokerage that is worth the traders’ attention. The trading app attracts customers thanks to its low commissions and various trading instruments it offers. Even though the brokerage does not feature a plethora of payment options, you will certainly find the one that best suits your preferences. All this combined with the fact that there is no minimum deposit amount at Fusion Markets makes this brokerage worth its salt.