Fusion Markets Review
Fusion Markets is a Melbourne-based discount broker built around a $4.50 round-turn commission, no minimum deposit and a wide platform line-up, though international clients are mostly served offshore.
Updated
In this guide 8 sections
Fusion Markets has never tried to be the broker with the most features. Its pitch is narrower and easier to test: charge less than almost everyone else, and do not make customers jump through minimum-deposit hoops. This Fusion Markets review checks whether the low-cost promise holds up and what trade-offs sit behind it.
A Melbourne Discount Broker
Fusion Markets launched in Melbourne in the late 2010s, positioning itself as a no-frills alternative to Australia’s larger CFD providers. It has since grown its corporate footprint considerably. Its founders acquired the Australian business FMGP Trading Group Pty Ltd, which also trades as Global Prime, and a Cyprus-based EU arm now holds its own CySEC authorisation. The core idea has stayed the same: thin pricing, a short list of accounts and a broad choice of trading software.
The Licence Structure
- FMGP Trading Group Pty Ltd holds Australian Financial Services Licence 385620 from ASIC, where retail leverage is capped at 1:30.
- Fusion Markets EU Ltd is authorised by CySEC under licence 444/24 and is based in Limassol.
- Fusion Markets International Ltd is licensed by the Seychelles FSA under SD096.
- Gleneagle Securities Pty Limited in Port Vila holds Vanuatu VFSC licence 40256 and is the usual home for international accounts, with leverage up to 1:500.
That last point matters. A trader in Asia, Africa or Latin America will normally be onboarded by the Vanuatu or Seychelles entity, which offers far less protection than ASIC or CySEC. The brand’s Tier-1 credentials are real, but they mostly benefit Australian and European clients. Fusion does not accept residents of the US, Japan, New Zealand, Spain, Russia, Ukraine or several Canadian provinces.
What the Pricing Looks Like
There are two live accounts and neither requires a minimum deposit:
- Zero: raw spreads from 0.0 pips plus $4.50 per round-turn standard lot, which is $2.25 per side. It is available on MT4, MT5, cTrader and TradingView.
- Classic: spreads from 0.9 pips with no commission, available on MetaTrader 4 and 5.
Both accounts trade from 0.01 lots, use a 90% margin call and 20% stop-out, and can be set up as swap-free. There is no inactivity fee, and the broker itself charges nothing to deposit or withdraw, although banks and payment providers may. For someone trading ten standard lots a month, that works out to $45 in commission on the Zero account, and for a high-volume forex trader the rate is meaningfully cheaper than the $6 to $7 round-turn charge common among ECN-style competitors.
Software Choice Is a Strength
Few brokers of this size support four major front ends. Clients can trade on MetaTrader 4, MetaTrader 5, cTrader or TradingView, across desktop, web and mobile. Copy trading comes in three flavours: the in-house Fusion+ service for MetaTrader, cTrader Copy and DupliTrade. Fusion+ is free as long as minimum monthly volume is met, and strategy providers may charge followers a performance fee of up to 30%. A multi-account manager tool, VPS hosting and Trading Central signals round out the toolkit.
Gaps to Consider
The product shelf is the weakest area. Reviews count roughly 240 instruments: about 81 currency pairs, two dozen commodities, 15 indices, 13 crypto CFDs and around 110 US share CFDs. There are no ETFs, bonds or non-US stocks. Education is light, the website is English-only, and support runs through email, a contact form and social channels rather than a broad multilingual desk.
Our Verdict
Fusion Markets is a strong match for cost-sensitive forex and gold traders, scalpers and algorithmic traders who want raw pricing with their preferred platform and no deposit threshold. Investors seeking a wide multi-asset menu, beginner education or Tier-1 protection outside Australia and Europe should compare alternatives.
Cheap commissions do not reduce market risk: leveraged CFD positions can still lose money quickly, so keep exposure modest.
Fusion Markets FAQ
Is Fusion Markets regulated?
What does the Fusion Markets Zero account cost?
Is there a minimum deposit at Fusion Markets?
Which platforms does Fusion Markets support?
Can US or New Zealand residents use Fusion Markets?
Live chart & technical indicators
Summary
Fusion Markets is an Australian low-cost forex and CFD broker headquartered in Melbourne, offering a Zero account at $4.50 per round-turn lot and a commission-free Classic account with no minimum deposit. It operates under ASIC (via FMGP Trading Group), CySEC, the Seychelles FSA and Vanuatu VFSC, with international clients typically onboarded offshore.
Account Types
| Name | Notes |
|---|---|
| Zero | Raw spreads from 0.0 pips plus $4.50 round-turn commission; MT4, MT5, cTrader and TradingView |
| Classic | Spreads from 0.9 pips, no commission; MT4 and MT5 |
| Swap-free | Islamic option available on request |
Regulation & Licences
| Regulator | Licence No. | Country |
|---|---|---|
| ASIC | 385620 | Australia |
| CySEC | 444/24 | Cyprus |
| FSA | SD096 | Seychelles |
| VFSC | 40256 | Vanuatu |
Pros
- Zero account commission of $4.50 per round-turn lot is among the lowest in the market
- No minimum deposit and no inactivity fee
- MT4, MT5, cTrader and TradingView all supported
- Several copy-trading routes: Fusion+, cTrader Copy and DupliTrade
Cons
- International clients are usually onboarded via Vanuatu or Seychelles entities
- Share CFDs limited to around 110 US stocks
- no ETFs or bonds
- Website and support are English-only
- Long list of restricted countries, including the US, New Zealand and Spain
Risk warning: Trading forex and CFDs on margin carries a high level of risk. Bonus terms are set by each broker and may change; always check the broker's official terms before claiming.