Reviewed by Shaun David Shaun David Shaun David
Regulation • Trading Algorithms • Market Analysis
I’m extremely passionate about the financial markets and working with innovative technology that makes trading better and safer. Since joining the CleaRank team, my primary role is working with real-time broker performance data using the CLEAR™ technology and broker evaluation methodology. I investigate brokers by testing their platforms and uncovering hidden risks and costs. My end goal is to level the playing field for traders and With an extensive background in market analysis and algorithmic trading, I’m qualified to find what matters most to traders.
using our CLEAR™ Methodology The CLEAR™ Score (Credibility, Leverage, Execution, Accessibility, Regulation) is our proprietary ranking system. The CLEAR™ Score provides you with the most accurate and transparent broker ranking after evaluating all the key factors that are crucial for trading success. .

Last fact check on November 5, 2025 by

Roger Wohlner Roger Wohlner Roger Wohlner
Financial Journalist
Roger is a financial and business writer who brings a wealth of experience as a financial advisor to his expertly crafted articles. With over 25 years in the financial advisory trenches, he has guided individual clients through complex wealth-building strategies and advised corporate plan sponsors on optimizing 401(k) and pension plans. His work, featured in ThinkAdvisor, Investopedia, Motley Fool, and Time, distills intricate topics like retirement planning, tax optimization, investing and financial advisor best practices into actionable, jargon-free insights. At CleaRank, Roger merges hands-on industry expertise with a passion for dissecting market trends and simplifying complex financial topics.

Fusion Markets Review 2026

Fusion Markets is a regulated online forex and CFD broker established in 2010. Its unique selling point is low cost trading combined with lightning fast execution speed, both crucial factors for traders success. They claim to be the best in the business, so we tested and  investigated every key feature, ranking each category per our CLEAR™ methodology.

CLEAR™ Certified Broker

CLEAR™ CERTIFIED BROKER: 4.7/5

  • 250+ Tradable Assets
  • ECN Pricing with Low Spreads
  • Ultra-Fast Execution Speeds
  • No Inactivity or Account Fees
  • ASIC-Regulated for Enhanced Security

Why Trade with Fusion Markets

One of the most important factors in trading is keeping costs at a minimum. We’re not just referring to day traders, where costs can literally make or break your success, it’s crucial for all strategies and trading levels. Costs add up fast and before you can blink this can be a substantial amount. Cost efficiency is where Fusion Markets really raises the bar. Per our testing we found them to be up to 40% cheaper than the competition in some cases, that’s no easy task. Now coupled with no deposit fees and no minimum account size, Fusion Markets may ascend the throne as the world’s most cost effective broker. 

Normally cost efficiency results in compromising other key features, think low cost airlines for example. However, we found the opposite to be true for Fusion Markets. You can trade 250+ instruments on their high performance  platforms and technology, with Fusion+ copy trading delivering one the best social trading environments we tested. We found the overall experience more like flying first class at low cost fares.

Pros

Low Cost Trading

Regulations

250+ Trading Instruments

High Performance Trading Platforms

Fusion+ Copy Trading

White Glove Support

Lighting Fast Execution

Cons

Not Available in Some Key Countries

No Trading Bonuses

Limited Educational Resources

Low Cost Trading

Regulations

250+ Trading Instruments

High Performance Trading Platforms

Fusion+ Copy Trading

White Glove Support

Lighting Fast Execution

Not Available in Some Key Countries

No Trading Bonuses

Limited Educational Resources

Regulation: Is Fusion Markets Legit?

(CLEAR™ Score: 4.6)

Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC), a top tier financial regulation renowned for its stringent oversight. The ASIC provides negative balance protection but not investor protection, and only for Australian traders. Global traders will have to settle for tier 3 regulations such as the FSA (Seychelles) and VFSC (Vanuatu).

Fusion Markets CLEAR™ Safety Score: Overall 4.6

We break down our Safety score for Fusion Markets according to our CLEAR™ methodology and after an extensive investigation.

CLEAR™ Score

Credibility Factor

4.8

Fusion Markets is Regulated by the ASIC

4.0

Fusion Markets offers negative balance protection but not investor protection. Only in Australia.

4.7

Fusion markets have a clean compliance track record and no regulatory warnings. 

4.9

Fusion markets has over 10 years in the market and a proven track record.

Fusion markets can be considered a legitimate broker and financial institution, scoring close to maximum points in all our safety tests. 

Regulatory Snapshot

Regulatory Authority

Legal Entity

License Number

Tiers 

Australian Securities and Investments Commission (ASIC)

FMGP Trading Group Pty Ltd

385620

Tier 1

Vanuatu Financial Services Commission (VFSC)

Gleneagle Securities Pty Limited trading as Fusion Markets EN

40256

Tier 3

Financial Services Authority of Seychelles (FSA)

Fusion Markets International

SD096

Tier 3

What we Liked:

  • Regulated by the ASIC which is a top tier financial regulation.
  • Provides negative balance protection 

What we Didn’t Like:

  • Only tier 3 regulations such as the FSA (Seychelles) and VFSC (Vanuatu) for global traders outside of Australia. These regulatory bodies are considered significantly less safe.
  • No investor protection, even for Australian traders.

Commissions, Spreads and Fees: Low Cost Broker

(CLEAR™ Score: 4.7)

When it comes to your trading costs, we think you agree that every penny counts. Fusion Markets claims to offer the lowest spreads in the industry, so using our Dynamic Spread Tracking, we analyzed the spreads in real time, and verified that traders are indeed paying the least. Most brokers advertise tight spreads, but the real test is how their spreads behave during market volatility and news events. Therefore, we tracked the Fusion Markets spread fluctuations 24/7 over a 30 day period before reaching any conclusions.

Raw Account Spreads: Verified Lowest

Our Dynamic Spread Tracking confirmed that Fusion Markets offers the tightest spreads across multiple currency pairs, especially on ECN accounts. For EUR/USD, the spread averages 0.01 pip, which is more than 60% less than the nearest competitor.

ECN Forex Spread Comparison (Tracked in Real-Time)

Broker

EUR/USD

AUD/USD

EUR/GBP

EUR/JPY

AUD/JPY

Fusion Markets

0.01

0.04

0.18

0.24

0.37

Eightcap

0.05

0.26

0.45

0.60

0.21

FP Markets

0.08

0.18

0.28

0.51

0.45

Pepperstone

0.10

0.20

0.22

0.66

0.48

Raw Account Commissions: Verified Lowest by Our Cost Analysis

Fusion Markets also shines when it comes to commissions, not only spreads. They charge a meager $2.25 per lot, which is nearly 35% less than the average competitors

Standard Account Fees: Better Than Average, But Not the Best

Our analysis of the standard account pricing revealed that Fusion Markets is still highly competitive, their spreads beat the industry average, but aren’t insanely low as their ECN account pricing. They are also not the best in the industry at the standard account level.

Broker

EUR/USD Spread (Standard Account)

Fusion Markets

0.89 pips

Industry Average

1.20 pips

No Hidden Fees 

Transparency is fundamental to establish trust between broker and trader. We verified that Fusion Markets has no hidden fees and no account activity charges.

Fee Type

Fusion Markets

Industry Average

Deposit Fee

$0

$5-$20

Withdrawal Fee

$0

$5-$20

Inactivity Fee

$0

$10-$50 per month

What we Liked:

  • Lowest spreads in the financial markets verified through our Dynamic Spread Tracking (EUR/USD averaged at 0.01 pips)
  • Commissions of $2.25 per lot which are 35% lower than the nearest competitor.
  • No hidden feeds such as inactivity or deposit/withdrawal charges.

What we Didn’t Like:

  •  Standard account spreads were well below industry average but they’re not the best in the business.

Funding: Plenty of Options

(CLEAR™ Score: 4.8)

Our testing confirmed that Fusion Markets makes the funding process as easy, free and remarkably fast as possible. They offer you over 30 funding methods to accommodate a global trading audience, without charging any fees for deposits and withdrawals.

Deposit Methods: Fast, Free, and Safe

Fusion Markets provides the standard deposit options such as  bank transfers and credit/debit cards. Beyond that, they also offer e-wallets such as PayPal, Skrill, Neteller, cryptocurrencies, and more. Almost all deposits are processed instantly, so you can start trading at once.

 Deposit Methods & Processing Times

Deposit Method

Processing Time

Min Deposit

Currencies Accepted

Fees

Bank Wire Transfer

1-5 Business Days

$10

AUD, CAD, EUR, GBP, SGD, JPY, THB, USD

$0

Visa/Mastercard

Instant

$10

AUD, CAD, EUR, GBP, SGD, USD

$0

PayPal

Instant

$10

AUD, CHF, EUR, GBP, USD

$0

Interac (Canada)

30 mins – 3 hours

$10

CAD

$0

Crypto (BTC, ETH, USDT, XRP, etc.)

Instant

$10

USD, EUR

$0

Skrill / Neteller

Instant

$10

USD, AUD, GBP, EUR, SGD, JPY

$0

BinancePay

Instant

$20

USD, EUR

$0

Withdrawal Methods: No Delays

Fusion markets provide fast and free withdrawals. Per our testing, most were processed within 24 hours. 

Withdrawal Methods and Processing Times

Withdrawal Method

Processing Time

Min Withdrawal

Currencies Accepted

Fees

Local Bank Transfer

1-2 Business Days

$10

USD, AUD, EUR, GBP, SGD, CAD, THB, IDR, MYR, CNY

$0

Bank Wire Transfer

3-5 Business Days

$35

USD, AUD, GBP, EUR, SGD, CAD, JPY

$0

PayPal

Instant

$10

USD, AUD, GBP, EUR, SGD

$0

Interac (Canada)

1-2 Business Days

$10

CAD

$0

Crypto (BTC, BCH, ETH, USDT, XRP, etc.)

Instant

$10

BTC, BCH, ETH, USDT, XRP

$0

Skrill / Neteller

Instant

$10

USD, AUD, GBP, EUR, SGD, CAD, JPY

$0

AstroPay

Instant

$10

USD

$0

Important Note: All withdrawals must be sent to the same account used for deposits due to AML and compliance laws. You cannot receive funds to a third-party account as that would be considered money laundering. Also Fusion Markets has an abuse policy in place, meaning that if a client deposits and withdraws without trading they might be charged a processing fee.

What we Liked: 

  •  $0 deposit and withdrawal fees
  • 30+ funding methods, including crypto, PayPal, and local bank transfer
  • Fast processing times, with most withdrawals done within 24 hours

What we Didn’t Like:

  •  You could be charged third-party fees for some international bank transfers. 
  •  There are many currencies not accepted for funding and you’ll be charged a conversion fee. 
Fusion Markets Funding Options
Fusion Markets Review – Funding Options

Trading Platforms: Solid Lineup

(CLEAR™ Score: 4.7)

The classic and highly popular MetaTrader 4 and MetaTrader 5 platforms are optimally configured for high performance trading at Fusion Markets. They also offer cTrader, for traders who prefer a more intuitive interface but do not want to compromise on advanced tools. If that’s not enough, they also offer TradingView a favorite among technical traders who require advanced trading tools. All-in-all this is a powerful lineup of the best platforms in the game, all available under one roof. 

cTrader Platforms at Fusion Markets
cTrader Platforms at Fusion Markets

Fusion Markets CLEAR™ Trading Platforms Score: Overall 4.7

We break down our trading platforms score for Fusion Markets according to our CLEAR™ methodology and after extensive testing.

CLEAR™ Score

Platform Features

4.8

Fusion Markets offers MT4/MT5, cTrader and TradingView, which are widely considered to be the best in the industry,

4.6

Our proprietary Execution Tracker tool confirmed competitive average order execution time across all the Fusion Markets platforms.

4.7

Mobile Apps such as MT4 Mobile, TradingView and cTrader provide a full suite of trading tools on the go.

4.9

Algo trading, EAs, and in platform customizations are available.

Trade Execution – Lighting Fast

We tested the Fusion markets average order execution speed for market orders and limit orders using our proprietary Execution Tracker tool. We found that the market orders were executed within 72ms on average while limit orders were executed within 76ms on average. That’s lightning fast and will only get better as Fusion Markets continue to improve their performance and technology.

Pros

All the best Platform Options

Lighting Fast Trade Execution 

Fully Supported Advanced Automated Trading

Excellent Social Trading Options and Features

Advanced Charting for Technical Traders

Forex VPS Hosting

Leading Mobile Trading Apps 

Cons

No Proprietary Trading Platform

TradingView Limited by cTrader integration

No built in Protection

Tricky Language Settings on Mobile

All the best Platform Options

Lighting Fast Trade Execution 

Fully Supported Advanced Automated Trading

Excellent Social Trading Options and Features

Advanced Charting for Technical Traders

Forex VPS Hosting

Leading Mobile Trading Apps 

No Proprietary Trading Platform

TradingView Limited by cTrader integration

No built in Protection

Tricky Language Settings on Mobile

Customer Support: Fits Like a Glove

(CLEAR™ Score: 4.9)

We tested the Fusion Markets customer support by contacting their team at various days/hours throughout the week via phone, chat and email. We can confirm that their support is fast and professional and is available 24/7. However most of the top brokers that we review offer the same, this is pretty much standard by now. What really stood out for us is what they call White Glove Support, this is basically having a market expert assigned to provide you with personal support and advice. We found this to be extremely useful, as it gives confidence to beginners and advanced traders alike, knowing that there is another pair of experienced eyes overseeing the account. 

This personal touch, pushed their CLEAR™ score close to maximum points as it sets a new bar in the industry that often lacks the human touch. Below you can see their international support contact page, with the live chat button visible in the bottom right corner.

The Fusion Markets International Customer Support Options
The Fusion Markets International Customer Support Options

Tradable Assets: Room for More

(CLEAR™ Score: 4.2)

Our research yielded a mixed result regarding the Fusion Markets product range when stacked against industry leaders. There were categories where they excelled in and categories where they fell well short.

Forex Trading: Where They Shine

Forex is definitely where Fusion Markets excels with a standout selection of over 90 currency pairs, this includes major, minor, and even exotic pairs. During testing we tweaked the leverage settings with ease to manage risk and were impressed by the lightning fast execution speed of the orders we placed.

Stock and Index CFDs: A Mixed Bag

For stock and index CFDs, Fusion Markets came up short in comparison to industry leaders like IC Markets. Yes they cover the basics, by providing access to 15 major indices like the S&P 500 and Nasdaq 100, along with 110+ U.S. and global stock CFDs. However, this pales in comparison to rivals such as tastyfx and Interactive Brokers, which offer thousands more stock CFDs. Another significant drawback which we noticed during testing was that Fusion Markets doesn’t support ETF or bond CFDs. These products almost always appear in the competitor lineup.

Commodity CFDs: Solid but Not Spectacular

Their commodities on offer were fairly decent, meeting most traders’ needs. We came across 25+ options spanning metals (gold, silver), energies (crude oil, natural gas), and soft commodities like coffee and wheat. So where do they come up short? Their competitors offer a broader array of niche commodities. For example, IG offers lumber futures and EU carbon credits, while Saxo Bank lists palladium and lean hogs. So while niche commodities might not be everyone’s cup of tea, they’re still popular trading instruments and hence Fusion Markets lost points here.

Crypto Trading: Limited Selection

Cryptocurrency traders will find 14 popular coins here, including Bitcoin, Ethereum, Litecoin, Stellar and Polkadot, all traded commission-free. However, crypto enthusiasts might be disappointed here, as industry leaders are offering more than double the cryptos.

Social & Automated Tools: A Real Bright Spot

This is where we were positively surprised. We thoroughly tested the Fusion+ feature which enables copy trading, letting users mirror successful traders’ moves. In our opinion, they’re not far off from competing with eToro in the social trading sphere. This is no minor feat as eToro has been dominating social trading for the better part of the last decade. 

For automation tools, Fusion Markets has got it covered. They support algorithmic trading through MetaTrader’s Expert Advisors and cTrader’s cAlgo, alongside tools for professionals managing multiple accounts (MAM/PAMM). This is a solid offering, so no complaints here. 

What we Liked:

  • Impressive forex selection with 90+ pairs and ECN execution.
  • Competitive commodities and crypto offerings.
  • Zero-commission U.S. stock CFD trading.
  • Robust tools for copy and automated trading.

What we Didn’t Like:

  • No access to real stocks, ETFs, or bonds—key omissions for diversified portfolios.
  • Smaller stock CFD and index selection compared to the competition
  • Significantly less cryptocurrency options in comparison to industry leaders.

Account Opening: Same Day Verification

(CLEAR™ Score: 4.9)

Whenever we make a decision to start trading, we want to get started fast. Nothing can be more frustrating than sitting on the sidelines while the market rips away in the direction that you’ve been anticipating for weeks. This is where Fusion Markets stood out for us, once we signed up and submitted the usual compliance documents we were verified the very same day. Yes, you heard that right, less than 24 hours. The process was smooth and intuitive from start to finish and we were dabbling in the markets just a few hours later. In comparison to the competition, Fusion Markets has really optimized the process and scored top marks from us. 

The Fusion Markets account opening verification process
The Fusion Markets account opening verification process

How to Open a Fusion Markets Account

Opening the Fusion Markets account was a real breeze, we completed the whole process online and it took us around 15 minutes tops. In our test run, we were up and running within a day—approval came through same-day! Here’s how we went about it:

  • We entered our email and picked a password. You could also use Google or Apple sign in.
  • Once we logged into the client profile, we headed straight to your Profile section.
  • We filled in the usual bureaucratic stuff such as: birthdate, country of residence, etc. Overall it was quick and painless in comparison to the competition. 
  • Next we picked our account type and leverage level that suited our strategy. Then we set up a security question—we like to prioritize safety!
  • For the final step of the verification we snapped a photo of our passport (you could also use your  ID or driver’s license ), and grabbed a recent bank statement (a phone bill or other utility bill works too) to confirm our address.

Boom—we were done! Most users get approved within hours (ours took less than a day). If you hit a snag, their support team is surprisingly responsive.

What we Liked:

  • Quick and easy sign up process
  • Same day verification 
  • No minimum deposit
  • Mobile friendly account opening process. It’s all digital.

What we Didn’t Like:

  • Nothing not to like here. The process is fully optimized. 

Fusion Markets FAQ

Fusion Markets is based in Australia

Yes, Fusion Markets is a legitimate online forex and CFD broker containing multiple financial regulations and with a clean compliance record. They scored 4.6/5 per the CLEAR™ safety score.

Yes, Fusion Markets is regulated by the ASIC in Australia which is considered a top tier financial regulation with stringent regulatory oversight. Internationally, they are regulated by the FSA (Seychelles) and VFSC (Vanuatu) for global traders outside of Australia. These regulations are considered tier 3.

Fusion Markets is founded and owned by Phil Horner.

There is no minimum deposit required at Fusion Markets

The CleaRank research team found that Fusion Markets delivers the lowest spreads in online forex trading. This was confirmed using the CleaRank Dynamic Spread Tracking proprietary tool which analyzes spreads 24/7 and ranks broker performance. 

The maximum leverage in Australia is 1:30 for major forex pairs due to ASIC regulation. For international traders, the maximum leverage is 1:500.

Yes , Fusion Markets offers the live market based spreads on their Raw account. It’s not called an ECN account due to regulatory constraints.

No, they do not. They offer only negative balance protection for Australian traders per the ASIC regulation.

Fusion Markets offers MT4, MT5. cTrader and TradingView platforms.

Yes , it has multiple mobile trading apps. It offers MT4, cTrader and TradingView mobile apps.

Shaun David Author Image
Shaun David Author Image

Shaun David

Author of this review

I’ve spent majority of my life studying finance and building a successful career from analyzing market trends to spotting successful early adoptions in the crypto industry, and I’ve come to realize I’m not purely analyzing numbers, but the psychology and sentiment of the crowd. As one of CleaRank’s earliest team members I take a hands on approach and personally test brokers by opening real money accounts, executing trades, and stress testing their customer service. Throughout my career I’ve built trading algorithms, managed long term investment portfolios, and helped traders avoid shady brokers before they even knew they were at risk. Whether it’s uncovering hidden fees, evaluating regulatory loopholes, or optimizing trading strategies, I live and breathe the financial markets.