Fusion Markets FX Broker
Fusion Markets is an online financial services provider headquartered in Australia. It provides a wide range of flexible platforms and account types that cater to all kinds of traders. This broker uses cutting-edge technologies for easy, quick, and convenient access to all the financial markets.
Fusion Markets Security and Licenses
Fusion Markets was founded by a group of Australian foreign exchange trading ventures. They joined 50 years of trading experience to create Fusion Markets. This broker boasts quality trading experience with intact principles in trading. Fusion Markets was born as the trading name of Gleneagle Asset Management Pty Ltd, also known as GAML, an international online financial services provider with offices in Sydney and Melbourne.
Fusion Markets is licensed and operates under the regulation of the Australian Securities and Investment Commission or ASIC. It is also licensed by the Australian Financial Services License, giving the broker a right to operate and offer brokerage services within Australia. This license is only given to brokers that strictly comply with the standards set by the AFSL. This includes the capability to maintain enough financial resources, have qualified business operations, and abides by the national standards for training, insurance, and dispute resolution.
This broker implements a string of security standards in compliance with the regulations provided by the ASIC. Fusion Markets stores client funds in segregated accounts under Westpac, one of Australia’s most trusted and highly-regarded banks. WestPac is among the four biggest Australian banks, and offers a wide range of consumer, business, institutional banking, and wealth management services.
Fusion Markets Platform Services
Fusion Markets provides a variety of trading platforms for clients to choose from. This broker is also considered to be a leader in providing MetaTrader platforms in the industry. Fusion Markets also offers a MAM/PAMM platform suited for money managers.
MT4 is a classic in foreign exchange trading, and is used mainly by investors for trading in the currency markets. It offers a user-friendly and intuitive interface, including a good range of features for both novice and expert traders. It has hundreds of built-in tools and indicators, timeframes, charts, and open positions, making multiple trades possible. The MT4 platform is also known for fast execution and industry-grade technology that are loved by the most sophisticated traders.
MT4’s main feature is automated trading with its Expert Advisors. MT4 lets traders to customize their own EAs in MQL4 with the built-in MetaEditor. Users can choose to purchase custom Expert Advisors from the MQL marketplace, which traders can access directly on either MetaTrader platform. Automated trading is a good option if traders want to perform day executions, but still create profitable trades.
The Multi-Account Manager/Percentage Allocation Management Module or MAM/PAMM is one of Fusion Markets’ main features. The MAM system offers money managers a well-performing multi-account manager solution on the MetaFX platform. It is known for flexibility, high execution speed, and stability. Execution and trading costs with the use of MAM is set at a low rate, which implies a 0.1 pip execution cost on all trading assets supported by the platform. The MetaFX permits trading across unlimited accounts, and also trading with any size. It also has Expert Advisors and a good range of products and trading styles.
Fusion Markets Trading Accounts
Fusion Markets provides two trading accounts to choose from: Classic and True ECN. Both accounts offer access to a similar number of products, a similar minimum deposit, and leverage. Both accounts are great options, and the two differ mainly in commissions.
Classic Account: This account type is made specifically for beginners, and does not charge any commissions. Spreads for the Classic Account begin from as low as 0.8 pips, making up for the commission-less trading.
True ECN Account: This account provides spreads that begin from as low as 0 pip but with a commission rate of $4.50 per lot. Spreads are considerably low for this account, and it is most suitable for traders that use tight spreads. This account is best for scalpers.
Fusion Markets Conclusion
Fusion Markets is a competent broker with a good reputation and competitive trading conditions. It is regulated by trusted independent bodies. It also complies with the global standards for financial services providers. It also provides competitive fees and trading accounts that allow professional traders to make profitable trades. However, there are downsides to trading with Fusion Markets, including research and analytics. So far, Fusion Markets offers a good range of features and services, including its MAM/PAMM accounts, for all levels of traders.