Fusion Markets review: Is it a legit or scam forex broker?

Although the asset selection is quite limited, they do provide multiple base currencies to trade with and no inactivity fees. At Fusion Markets, withdrawal is free with credit/debit cards, electronic wallets and bank transfers to Australian bank accounts. The fee for withdrawing funds via international bank transfer is quite high at AUD 20. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency.

This review, however, wishes there was a search feature in the FAQ section. Scam Broker Investigator is the largest and most trusted broker reviews website, established in 2013. On ScamBroker.com, you will find over 900 factual reviews of Stock Brokers, Forex Brokers and Crypto CFD Brokers. Ability to trade with all of Fusion’s products including FX, CFDs and Cryptocurrencies. MetaTrader 4 pioneered the use of ‘expert advisors’ which are automated trading systems that are developed using the MetaQuotes language or purchasing the EA’s online or through the MetaTrader 4 terminal. Fund your account and start trading any one of our 250+ financial products.

Mejor broker para operar SMC

Should this change at a later date we will keep you updated and take a close look at any educational offerings they have. The customer service team at Fusion Markets can be contacted in a number of ways. With trading hours, these are standard with Forex available from Sunday to Friday with no breaks. Most other markets are all available on the same days though many have breaks in trading to notes. The Classic Account spread starts from 0.8 pips and trading there is completely commission-free.

Trading commodities will include the ability to short or long without commissions or exchange fees. DupliTrade offers traders a user-friendly copy trading platform allowing you to duplicate the actions of hand-picked traders from DupliTrade into your Fusion Markets MT4 Account. With just a few clicks, you can select, modify or remove strategies. Choose from only a handful of strategies as DupliTrade only includes successful traders with a proven history and track record.

Range of Trading Platforms

In addition, they only contain active accounts, and you have complete control over whether or not a system is added or removed from your account. This can be a good way for you to copy trading signals but there can be no guarantee on results. Online trading platforms like Fusion Markets are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Fusion Markets. The Fusion Markets trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Fusion Markets. Fusion Markets does not offer negative balance protection to its clients.

As you fusion markets review Fusion Markets’ history, you will find that this broker was founded by Australian veteran forex traders. The founders had 50 years of combined experience in the industry before founding the company and have increased that figure since then. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

Deposit and withdrawal

The managed account solution is similar to what you will find with ACY Securities. MetaTrader 5 is the follow-up platform provided by MetaQuotes and just as good as MT4, with lots more tools implemented to further enhance your trading possibilities. The MT5 platform was designed from the ground up to be multi-asset and able to connect to multiple exchanges and new markets. I think MT4 would be good enough for those who want to trade forex, but MT5 probably preferable for trading stocks. Fusion Markets comply with ASIC client money rules and keep all client funds in segregated client trust accounts with Westpac who are Australia’s first bank and oldest company.

• On the other hand, the broker does not offer swap-free accounts and is not accepting clients from some countries, including the US.
• I found this to be a great tool for gauging the market sentiment and getting a feel for what is trending at the moment.
• Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed.
• Hi everyone, I have been a Forex trader for 15 odd years and recently joined Fusion Markets and have been experimenting with their Bot into second week with favourable results.

For crypto funding, you might want to consider PU Prime as an alternative option. Clients of Fusion Markets can use the DupliTrade service to copy trading activities of other traders with a proven track record right into their Fusion Markets MT4 account. You may choose, alter, or remove strategies with only a few clicks. DupliTrade only contains professional traders with a proven track record. DupliTrade is available through a limited choice of other brokers including AvaTrade.

I know there’s another broker that charge’s less per round turn. You can set alerts and notifications,although only via the desktop trading platform. Enabling these notifications on the mobile trading platform itself would add to user convenience.

When was Fusion Markets founded?

Try out our brand new Asset Compass tool, select your investment goal and time horizon and we’ll show you the best broker options based on our expertise. Once Fusion Markets have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days. Fusion Markets does not provide customers with real company shares trading. Fusion Markets is licensed by financial regulators in certain jurisdictions.

The conversation regarding rebates is an open and honest discussion between clients and our account managers. In these instances, it’s important for us to know about the trader to ensure we are able to give them the most low-cost service. Fusion Markets is regulated by the top-tier Australian authority ASIC as well as the regulator of Vanuatu. Fusion Markets offers only a demo account as an educational tool.

You will not find many https://forex-reviews.org/ materials from Fusion Markets, which is one area where the broker is lacking. DupliTrade is a copy trading platform that is compatible with MT4 accounts. A similar program is Myfxbook Auto Trade which also allows for copy trading and following traders and is compatible with MT4. If you are a beginner and want to get a feel for trading online, free demo accounts are available to test the different trading platforms and conditions before opening a real account. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.

We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. We’ve made it our mission to deliver great customer service to our clients without sacrificing on cost, it’s really encouraging to our team to receive a review like this. Tight spreads, all round the clock support and wide range of investment opportunities. If the fees can be reduced further then this will be the best in the industry.

Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility. Our Vision is to provide access to the world’s financial markets easy, fast and at a radically lower cost than what exists in the world today.

This is a strong range providing good selection in forex trading although the other CFD assets are limited in number compared to other major brokers. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. A Fusion Markets futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Fusion Markets. Typically, futures contracts are traded on an exchange such as Fusion Markets; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Fusion Markets trader to the contract agrees to provide it.

They don’t offer negative balance protection but do allow scalping, hedging, and algo-trading. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Because Fusion Markets acts as an intermediary, Fusion Markets gets compensated on buy and sell transactions of financial instruments.

A CFD is a high risk leveraged trade between the trader and the Fusion Markets brokerage. No underlying assets are exchanged with a Fusion Markets CFD contract, it is purely speculation on the crypto financial instruments price movements with Fusion Markets. Fusion Markets CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA.

If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Fusion Markets. Fusion Markets is a popular and well-regulated Australian NDD broker. They have respected regulation in place from both ASIC and the FSC. Edward was the perfect person to reach out to you regarding your case, we’re very confident he’d do everything within his power to ensure you had a smooth experience with us.

Fusion Markets is a fantastic forex broker with low commissions. With cheap trading and non-trading costs, the account opening process is quick and simple, and customer care responds quickly and accurately. Fusion Markets is one of the finest retail brokers for customers who focus more on automated, copy trading, or social trading. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.