Fusion Markets review

What is Fusion Markets?

Fusion Markets is an Australia-based forex and CFD broker that operates around the world, including Canada and the UK (although it’s not available in Ontario). The platform lets you trade CFDs on 90+ currency pairs, select crypto pairs, major US stocks, indices and commodities like metals.

Fusion Markets is regulated by the Australian Securities & Investments Commission (ASIC). Its Australian Financial Services License No. is 385620. However, it’s not a registered member of the Investment Industry Regulatory Organization of Canada (IIROC) or the Canadian Investor Protection Fund (CIPF). While you can open a Fusion Markets account in Canada, your funds aren’t insured if the firm fails.

Related: Learn more about CFD trading

What are the advantages of Fusion Markets?

• Easy application. It’s easy to open an account in a matter of minutes using Fusion Markets‘ online application.
• Industry-leading software. The MetaTrader 4 and MetaTrader 5 trading platforms offer a feature-rich experience for both desktop and mobile devices.
• Low mark-ups and commissions. Fusion Markets offers competitive rates and commissions, so more of your profit goes directly into your pocket.
• No deposit fees. You won’t pay fees to put money into your account when you make deposits using your credit card.
• No minimum balance. You won’t have to load a minimum balance into your account to start trading.
• Refer a friend. Successfully refer a friend to Fusion Markets, and you'll each get $50 deposited into your trading accounts.
• Demo account available. You can sign up for a demo account to familiarize yourself with the platform without risking any real money.

What should I look out for?

• New company. Fusion Markets only started offering trading in 2019, so it’s relatively new to the forex game.
• Not regulated in Canada. Though it’s regulated in Australia, Fusion Markets isn’t regulated by Canadian authorities.
• Lacks signup incentives. You can score a bonus by referring (or being referred by) a friend, but Fusion Markets doesn’t offer any other welcome offers or promotions for signing up.

Compare other investment platforms

Not all investment platforms offer access to forex and CFDs, but if you’re looking to buy and sell Canadian and US stocks and funds, consider these popular Canadian brokers.

Who is Fusion Markets best for?

Fusion Markets trading software offers powerful tools for both beginners and seasoned forex traders. New traders might want to start with Metatrader 4, while Metatrader 5 gives experienced investors access to even more features. Newbies can also open a demo account to test out the platform before committing their real funds.

Trades are easy to set up, and you can put stop losses in place to make sure your money is protected if your losses reach a certain level. You can also automate trades by inputting some simple scripts into the platform’s software.

Related: How does forex trading work?

Fusion Markets account types and pricing

Fusion Markets offers two types of accounts in Canada. Both accounts include access to the industry-leading MetaTrader 4 and MetaTrader 5 platforms on desktop and mobile.

• Classic account. Classic accounts let you buy and sell currencies quickly and easily, with no separate commissions. Instead, the commissions are included in the spread. There’s no minimum required deposit amount, although it’s suggested that most investors start with around $1,500.
• Zero account. Zero accounts are for regular traders who are a bit more experienced in the forex market. With this account, spreads start at 0 pips, and a flat-rate commission of CAD 6.00 applies per standard lot (0.6c per mini-lot).

What investments does Fusion Markets offer?

You can choose from a number of different investment options with Fusion Markets. You’ll usually use this platform for FX trading, but you can also trade cryptocurrencies and contracts for difference (CFDs).

• Foreign exchange. Trade currency pairs to take advantage of small fluctuations in global exchange rates.
• Cryptocurrencies. Delve into the world of cryptocurrencies (like Bitcoin and Ethereum) to profit from drastic price fluctuations.
• Contracts for difference (CFDs). Speculate on price movements for a number of CFDs without having to hold physical assets.

Related: Find out how to buy crypto in Canada

What types of CFD trades can I make?

• Equity indices. Speculate on the rise and fall of company stocks and their derivatives.
• Commodities. Anticipate price movements for consumer goods like coffee, sugar, wheat and cocoa.
• Energy. Predict the exchange of energy products like crude oil and natural gas.
• Precious metals. Trade products such as gold, silver, zinc, copper, platinum and other precious metals.

What research does Fusion Markets provide?

Fusion Markets offers a variety of research options through its online trading platform.

• Market analysis. Make more informed decisions about when to buy and sell your investments with real-time market data.
• Charting tools. Access a number of advanced charting tools with technical indicators and line studies to help accurately project your trades.

Is Fusion Markets safe?

Fusion Markets is regulated by a top-tier Australian regulator. But it’s a relatively new company (founded in 2017) and only began offering trading capabilities in 2019. Unfortunately, the company isn’t a member of Canadian authorities like the IIROC or the CIPF.

In compliance with Australian regulations, Fusion Markets keeps investor funds separate from business funds. The company uses encryption to protect users’ data.

How do I sign up?

The only eligibility criteria you’ll need to meet is you have to be 18 years old to set up an account. If you meet this requirement, you can sign up by following the steps below:

1. Use the online application to provide personal information like your name, email address, proof of ID and relevant documents.
2. Review and submit your application.
3. Get verified and load funds into your Fusion Markets account to start trading.
4. Set up a Fusion Markets demo account if you want to get used to the software before you dive into the deep end.

How do I contact Fusion Markets support?

You can connect with Fusion Markets by email, phone or submitting an online contact form. You can also use the company’s online chat bot to find answers to frequently asked questions.

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