General Information
Located in Melbourne, Australia, Fusion Markets is the brainchild of a collection of veteran forex traders. Fusion Markets offers trading in currency pairs, precious metals, commodities, and more.
Regulation
As per its website, Fusion Market is the trading name of Glenagle Asset Management Limited (GAML), which holds an Australia Financial Service License (AFSL) with regulatory license number 226199. Besides, Fusion Market also claims that it is authorized and regulatory by VFSC in Vanuatu. However, we found these two licenses are fake ones by checking this company on related regulation website. Fusion Market is posing as a legit broker trying to scam brokers.
Market Instruments
Tradable financial instrument available on the Fusion Markets include the following:
Forex currency pair (70+ currency pairs available)
Energy (crude oil, Brent oil, and natural gas)
Precious metals (gold, silver, platinum, palladium, and more)
Equity indices
Commodities (coffee, wheat, cocoa, sugar etc.)
Cryptocurrencies (including bitcoin, dash, ripple, and ethereum).
Minimum Deposit
In terms of minimum initial deposit, Fusion Markets says it requires no minim amount to deposit. And then it hypes that most clients fund with $1500 to start real trading here. Obviously, this is an advertisement used by this broker trying to scam brokers, misleading them into depositing more money.
Leverage
The maximum leverage up to 1:500, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Fusion Markets offers minimum spreads of 0.0 pips on major pairs, including AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, and AUD/USD. As for commissions, trading one standard lot of forex and precious metals, you would pay only $4.50 AUD to do so.
Trading Platform Available
In terms of their trading platform, Fusion Markets preference is for MetaTrader 4 (MT4) software. They offer a number of incarnations of this, including:
• MetaTrader 4
• WebTrader for MT4
• MT4 mobile apps
Deposit & Withdrawal
Fusion offer a range of payment methods – some are region specific, particularly the Asia Pacific region such as Thailand and Malaysia where tailored payment options are available. The popular methods of Visa, Mastercard and of course bank transfer are available across the board.
Customer Service
The Fusion Markets customer support can be reached through telephone: +61 3 8376 2706, email: help@fusionmarkets.com, as well as some social media platforms including Facebook, Instagram and Youtube. Melbourne Headquarter Address: 17 Gwynne St, Cremorne VIC 3121.
Australia.
Trading Hours
Fusion Markets is open around the clock Monday through to Friday. Session times vary based on the market hours of their products, but these are all clearly listed on the company‘s website under their ’Trading Conditions section.
