Fusion Markets Review opens a clear view of regulation, fees, and risks — showing top-tier ASIC/CySEC safety for some clients and low-cost conditions for others. Learn why this broker earns a “Silver Standard” and what to check before you trade.
The world of forex and CFD trading often feels like a puzzle, especially for those new to the game. Investors want competitive pricing, solid technology, and—most importantly—a broker they can trust. Therefore, understanding a broker’s foundations is crucial before committing capital. Our extensive research, applying the TraderVerified.com METHODOLOGY, cuts through the marketing noise to deliver a clear, evidence-based assessment of one major player: Fusion Markets.
Fusion Markets presents a fascinating blend of high-tier Australian and European regulation with a broader, more flexible global offering. This dual approach appeals to a wide range of traders, from those prioritizing maximum safety to those seeking lower costs and higher leverage. After rigorous analysis of its expanded regulatory structure, execution quality, and client reputation, we assign Fusion Markets an overall rating of Silver Standard. This classification reflects the broker’s commitment to low-cost trading, firmly grounded in respected regulatory environments. This rating signals a strong option, yet it suggests a need for clients to understand the specific entity they trade with. We will delve into these specifics now.
Regulation and Safety: The Foundation of Trust
Broker regulation is not just a bureaucratic formality; it is the fundamental layer of client protection. A strong regulator dictates how a broker must handle your money. It sets rules on the level of risk it can allow you to take. It determines what legal recourse you have if a dispute arises. Fusion Markets operates under multiple global entities, which is common in the industry. Therefore, traders must know the specific entity serving them.
Corporate Entities and Licenses
The corporate structure for Fusion Markets involves four primary regulated entities:
- FMGP Trading Group Pty Ltd: This is the entity regulated by the Australian Securities and Investments Commission (ASIC), holding Australian Financial Services License No. 385620. ASIC is recognized as a Tier 1 regulator.
- Fusion Markets EU Ltd: This new entity is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding license 444/24. CySEC is also a respected Tier 1 regulator for European Union (EU) clients.
- Gleneagle Securities Pty Limited: This is a Vanuatu company trading as Fusion Markets. It is regulated by the Vanuatu Financial Services Commission (VFSC), holding Company Number 40256. The VFSC falls into our Tier 3 classification.
- Fusion Markets International Ltd: This entity is regulated as a Securities Dealer by the Financial Services Authority of Seychelles (FSA-S), holding License Number SD096. The FSA-S is also classified within our Tier 3 regulatory category.
Why Regulator Tiering Matters
Our methodology categorizes regulators to reflect the enforceability of client protections. The difference between Tier 1 and Tier 3 is profound.
The Tier 1 regulators (ASIC and CySEC) are highly respected worldwide. They enforce strict rules that meet our four floor tests. This includes explicitly licensing FX/CFD trading and mandating clear client money protection.
- Under ASIC’s CFD product intervention order, retail clients of the Australian entity benefit from legally mandated negative balance protection (NBP) and leverage capped at 30:1 on major FX pairs.
- EU retail clients of the CySEC entity receive similar protections. This includes NBP and coverage under the Cypriot Investor Compensation Fund (up to EUR 20,000).
By contrast, the Tier 3 regulators (VFSC and FSA-S) offer lighter oversight. They generally lack the statutory measures critical for retail traders. Clients under these licenses are not covered by statutory NBP guarantees. Any negative balance protection here is at the broker’s discretion, not embedded in law. Furthermore, Fusion’s own general FAQ states the broker does not generally offer NBP. This makes it critical for traders to confirm which entity and terms apply to their account.
Importantly, all client money is still held in segregated trust accounts with major financial institutions like the National Australia Bank (NAB) and HSBC, which is a key security measure across all entities.
Trader Reputation and Market Presence
A broker’s reputation among its actual clients complements the objective data of regulation. Fusion Markets, founded in 2017 in Australia, has successfully built a substantial global presence. This growth is primarily driven by its focus on a low-cost model.
Consistent Positives: Value and Service
Client reviews across independent platforms generally show a strong positive consensus. Fusion Markets holds a very high TrustScore, often around 4.7 out of 5 across thousands of reviews. Traders frequently praise the broker for its core value proposition.
- Ultra-Low Trading Costs: Traders cite the Zero Account’s raw spreads and the industry-low round-turn commission of $4.50 per standard lot as a significant advantage. The commission-free Classic Account is also noted for its competitive pricing.
- Platform Usability: The broker utilizes the widely accepted MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView platforms. This comprehensive lineup ensures a familiar and robust trading environment for nearly all technical traders.
- Fast Withdrawals: In a segment often plagued by withdrawal complaints, Fusion Markets receives positive marks. They generally process withdrawal requests received before 11 AM AEDT on the same business day, with e-wallet options often arriving very quickly.
Areas for Improvement
While the feedback is largely positive, some recurring themes suggest areas for enhancement:
- Limited Educational Resources: Beginner traders might struggle due to the absence of in-depth, structured educational courses. The broker provides many platform tutorial videos, but less in the way of comprehensive market theory or structured learning.
- Research is Solid but Not Exceptional: Research is competent, built mainly around Trading Central tools and weekly video recaps. It is not as extensive as the deep, proprietary research offered by full-service brokers.
- Execution Data Transparency: Fusion does not publish MiFID-style RTS-27/RTS-28 execution reports for its global entities. This limits independently verifiable data on slippage and fill quality compared with some EU-regulated peers.
Fusion Markets maintains a strong overall reputation. The vast majority of client sentiment revolves around its value proposition—it is a low-cost, execution-focused provider. Negative feedback is generally sparse and does not point to systemic issues like widespread withdrawal delays or major platform failures.
Strengths & Weaknesses: A Balanced View
We provide a clear summary for the casual investor, distilling the key takeaways from our analysis.
Strengths of Fusion Markets
- Ultra-Low Trading Costs: The $4.50 round-turn commission on the Zero Account is among the lowest globally, benefiting high-volume traders.
- Tier 1 Regulatory Backing: The presence of ASIC and CySEC licenses provides top-level client protection, including legally mandated NBP for clients of those specific entities.
- Robust Platform Selection: Offering MT4, MT5, cTrader, and TradingView caters to nearly every style of technical trader.
- Free Deposits and Withdrawals: Fusion charges no fees for deposits or withdrawals on its side.
- Segregated Client Funds: All client money is held in segregated accounts with major banks, enhancing security across all operating entities.
Areas for Improvement
- Dual Regulatory Risk: International clients are often onboarded under Tier 3 licenses (VFSC/FSA-S). These entities offer weaker statutory protection and much higher leverage, up to 1:500.
- No Guaranteed NBP for Offshore Clients: NBP is a policy, not a legal requirement, for clients under the Tier 3 licenses.
- Limited Educational Resources: Beginner traders might find the broker’s educational materials and structured courses insufficient.
- Inactivity Fee: Fusion generally charges no deposit or withdrawal fees on its side. However, several independent reviews report no inactivity fee, while at least one 2025 source mentions a $10/month inactivity fee after 12 months of no trading. Traders should check the latest fee schedule.
- Absence of Guaranteed Stop-Loss Orders (GSLOs): The broker does not offer GSLOs, meaning traders cannot pay a premium to eliminate the risk of slippage entirely.
Overall Verdict: Silver Standard
Fusion Markets is a strong contender, clearly built on a foundation of low cost and strong execution technology. The broker effectively delivers on its mission of providing ultra-tight spreads and low commissions globally. Its commitment to segregated funds and the backing of Tier 1 ASIC and CySEC licenses firmly anchor its credibility. However, the reliance on lighter Tier 3 regulation for the majority of its global retail clients prevents it from achieving our top Gold Standard rating.
Consequently, Fusion Markets earns a Silver Standard classification under the TraderVerified.com methodology. This places it among reliable brokers who offer a highly competitive service, but with a necessary caveat regarding regulatory oversight for international accounts.
Best Suited For:
Fusion Markets is ideal for experienced, cost-sensitive traders who prioritize razor-thin spreads and low commissions over extensive educational resources. It is an excellent fit for high-volume traders, scalpers, and Expert Advisor (EA) users who need fast, low-latency, and inexpensive execution. Beginners who prioritize low cost should consider the CySEC or ASIC entities if eligible.
Expert Review Notes (Staff Insight Section)
Fusion Markets represents the new breed of value-focused brokers. Our test interactions confirmed the customer service team is knowledgeable and responsive. They successfully addressed detailed queries about the different regulatory entities. We noted that the spread data provided on their website is a strong indicator of pricing transparency, which many competitors obscure. A deeper dive into their legal documentation confirms that the most comprehensive statutory protections, like the explicit guarantee of negative balance protection, are reserved for the ASIC and CySEC regulated client bases. This is a critical distinction that all international traders must acknowledge. Fusion Markets is not over-hyped; it simply and effectively delivers on its promise of low-cost trading. The main challenge remains: ensuring clients understand the regulatory implications of their specific account’s governing entity.
