Fusion Markets also offers several copy trading services. CTrader also supports both manual and algorithmic trading through cBots, which you can build in C#, and offers advanced tools to manage orders efficiently. Launched in 2011, cTrader is another high-caliber platform, especially popular with ECN brokers.
easyMarkets Online Trading
The two accounts use the same spreads derived through ECN order execution, but the Classic account adds a markup of 0.9 pips to cover trading costs. The broker adds 0.1 pip to all products traded via MAM accounts to cover its execution costs. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Alongside their free demo accounts and low minimum deposits, it’s hard not to find them better options for new traders.
Also, investor protection is not fusion markets review available to any clients in the event the broker becomes insolvent. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
The table shows that the spreads on the Classic account at Fusion Markets are extremely tight when compared to those of its competitors. For the Classic account, a fixed 0.9-pip markup is added to the ECN spreads for the ZERO account. One of the most important factors when choosing a broker is the fees you will incur. Customers can connect their demo accounts to MT4, MT4, cTrader, and TradingView but Fusion+ Copy Trading is unavailable for free trial.
Accessibility
While Australian law doesn’t technically guarantee these funds, ASIC rules require them to be fully segregated, which offers strong practical protection. This oversight ensures the broker operates in a responsible, ethical, and compliant manner. In our view, Fusion Markets operates legitimately, and we have no concerns about the security of your money when trading with them.
Leverage
CFDs are complex financial instruments.
Is Fusion Markets A Good Broker For Day Trading?
For an equivalent trade on a zero-spread account with XM, traders pay $3.50 each way, or $7 in total. According to Fusion Markets, most traders tend to start with a Classic account, but the ZERO account is the more popular option. Here is a list of a few features that Fusion Markets lacks but are offered by some other brokers.
Trade with the lowest trading costs*.
While having more than 10 crypto options is certainly a plus, the selection still feels modest when compared to the much wider variety typically available at dedicated cryptocurrency brokers. Fusion Markets offers 13 different cryptocurrencies that can be traded as CFDs on margin, meaning you can speculate on price movements without owning the actual coins. In the metals category, traders can choose from gold, silver, platinum, and palladium. Fusion Markets gives traders the opportunity to speculate on the share prices of major U.S. companies through contracts for difference (CFDs), without the need to actually hold the underlying stocks.
- Fusion Markets is the trading name of Gleneagle Asset Management, founded in 2010.
- I opened a Classic account with the Gleneagle Securities Pty Limited entity and performed my tests on the desktop and mobile versions of the MetaTrader 5 platform.
- Always verify broker regulation before trading
- The broker adds 0.1 pip to all products traded via MAM accounts to cover its execution costs.
IC Markets Global cTrader
Holding an AFSL licence, Fusion Markets ensures compliance with regulatory standards, such as maintaining segregated client accounts with top-tier Australian banks. Always verify broker regulation before trading With its stated plans for expansion, there’s clear potential for the broker to broaden and improve its range of services in the future. All client money is held in segregated accounts with National Australia Bank (NAB), one of the top 50 banks worldwide. One of the standout aspects of trading with Fusion Markets is its regulation under ASIC — a highly respected, top-tier financial authority.
Fusion Markets offers over 100 platform tutorials and a few basic explainer videos on its YouTube channel. The broker also publishes its own weekly market reviews on the Fusion Markets’ YouTube channel. The package includes daily trading signals, a market sentiment gauge, and comprehensive market breakdowns. Essentially, the broker lends the trader money so that they can open bigger positions. Agents respond swiftly and seem to have a good overall grasp of the broker’s services.
This won’t be an issue for advanced day traders but for beginners, education is an area where online brokers can really enhance the trading experience. The broker supports a strong lineup of platforms, including MT4, MT5, cTrader, TradingView, and DupliTrade, and also offers free VPS hosting for low-latency trading. I counted 100+ walkthrough videos on the broker’s YouTube channel introducing traders to the several available platforms.
- Fusion Markets advertises itself as the ‘#1 lowest cost broker in Australia’, and after testing the platform I can say that the broker might just live up to this promise, depending on what you trade.
- Forex and commodity traders will appreciate the lower-than-average spreads on EURUSD and gold.
- Even so, it has quickly built a loyal client base thanks to its transparency, competitive trading conditions, and commitment to following the rules.
- Fusion Markets is a legitimate broker with a good reputation and oversight from a tier-one regulator in Australia.
Dont bother with the Classic account if you day trade like me – stick to their Zero account and fire up their cTrader software (much better than their MetaQuotes options). Fusion Markets does not offer a proprietary mobile app, but all its supported platforms have app compatibility; MT4, MT5, cTrader and TradingView. On the downside, it doesn’t have the track record of the most trusted brokers, as it was only established in 2017.
Many brokers encourage traders to move to MT5 since it offers more features and a wider range of tradable instruments, including stocks. When you compare the costs, you can see why traders decide to migrate to commission-based accounts. There is a huge suite of currency pairs, very low fees (especially with the ZERO account), a choice of leading trading platforms, fast and reliable execution, plus authorization from the ASIC.
Trade some of the world’s biggest equity markets with our range of CFDs on major indices. Perfect for EAs or anyone that wants to avoid any lag on their trades. Our vision is to provide access to the world’s markets easier, faster and at a lower cost than what exists in the market today. Ensure you understand the risks before trading.
While reviewing Fusion Markets, we found that some account features you might see with other brokers are missing here. Professional traders at Fusion Markets can also manage funds for other clients through the broker’s MAM and PAMM solutions. For confident, active traders—especially day traders and scalpers—this setup can help cut overall trading costs and make every pip count. Extremely low trading costs with ZERO spread accounts available
Swap-Free (Islamic) Accounts
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with Fusion Markets please share your personal review of the broker and what you think are strong and weak points. I get ultra-tight spreads during key trading sessions whilst order execution is fast. For active day traders like me Fusion Markets ticks most of the boxes. I’ve mainly traded derivatives on their cTrader software but they’ve added spot crypto trading so dabbling in that now too.