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Fusion Markets is a relatively short-lived Australian broker that offers a reliable license and seemingly good trading conditions. It will promise you “a commission rate that is on average 36% lower than that of competitors”, unique trading platforms, multiple copying capabilities, and other perks that, in theory, can lead to lower trading costs. At the same time, the project is almost anonymous. It does not provide the necessary amount of information about itself and leaves a lot of questions, for example, how legal is everything? To get a complete objective assessment, let’s turn to a thorough review.
More about trading with the company
Fusion Markets offers its players to trade in markets such as Forex, Commodities, Stocks and CFDs. In general, it is quite good, although not enough for all traders.
The broker offers two types of accounts – classic and zero. In the first case, you will be able to trade with spreads from 0.8 pips, and in the second, respectively, from zero. But there’s a catch – the commission for each lot is AU$4.5, which equates to about $3. That seems like a small amount, but it can add up to hundreds of dollars in a day.
The leverage is outlined at 1:30, although some reviews about the broker contain slightly different information: 1:200 and even 1:500. It is not clear how true these comments are, but if the intermediary has obvious signs of a scam, we will definitely note them.
Fusion Markets accepts payments via Visa/MasterCard, PayPal, Skrill, Neteller, Interac, bank transfer, various cryptocurrencies (Bitcoin, Ethereum, Litecoin, USDT), as well as transactions from broker to broker. Supported currencies: AUD, EUR, GBP, JPY, SGD and USD.
If you’re making an international bank transfer, you’ll have to pay a standard fee of around $30. For inactivity, you will have to pay an unspecified monthly fee, which, of course, is alarming. Who knows, maybe behind seven seals there is a figure of a million dollars?
Terminal for opening orders for fusionmarkets.com
The review showed several types of trading software, including DupliTrade for copy trading, Myfxbook for social trading, and Fusion+ from the company itself. The services are provided free of charge if you trade from 2.5 lots, which is equal to 250,000 units of the base currency per month. If you do not reach such figures, you will have to pay a $10 commission.
Registration & Reputation
And yet, he is an ambiguous intermediary. The main thing is that it is actually licensed, and not just by anyone, but by the Australian Financial Market Conduct Commission. This is information that is not so difficult to find confirmation on the Internet. At the same time, reviews published about Fusion Markets on the Internet do not inspire confidence at all:
In general, of course, it’s up to you to decide, but we would not recommend getting involved with a project about which there may be at least some doubts.