Fusion Markets is an Australian broker that offers a variety of flexible platforms and trading accounts to suit the preference of different traders. This broker employs cutting-edge technologies to offer clients quick, easy, and efficient access to the markets.
Fusion Markets Regulation and Security
Fusion Markets was formed and established by a group of Australian forex trading veterans. They combined 50 years’ worth of trading experience to found Fusion Markets, an online financial services provider that operates with simple yet intact principles. Fusion Markets is the trading brand of Gleneagle Asset Management Pty Limited or GAML, a global financial services provider based in Sydney and Melbourne.
This broker is registered and regulated by the Australian Securities and Investment Commission or ASIC with registration number 226199. It also holds an AFSL, or Australian Financial Services License, which gives it the right to provide brokerage services within the jurisdiction of Australia. This license is only granted to service providers that comply with the standards set by the AFSL, such as the ability to maintain enough financial resources, has competent business operations, and follows national standards for insurance, training, and dispute resolution.
As part of the security standards set by ASIC, Fusion Markets is also obliged to store client funds in segregated trust accounts with Westpac, one of Australia’s oldest and most trusted banking institutions. This bank belongs to the top 4 biggest banks in Australia, and has a broad range of consumer, institutional banking, business, and wealth management services.
Fusion Markets Review of Services
Fusion Markets offers a wide range of platform services. It is also considered as one of the industry’s leading providers of the MetaTrader4 platform, as well as offering a MAM/PAMM platform for money managers.
MT4 is a classic trading platform, which is known by all kinds of traders worldwide. It has an intuitive and user-friendly interface, as well as a wide range of features that make it very attractive to both beginners and professional traders. It is equipped with almost a hundred tools and indicators, multiple charts, time frames, and open positions, making it efficient in creating profitable trades. This platform is known for its high speed execution, efficiency, and top-grade technology, allowing even expert traders to create informed decisions and execute good trades.
One of MetaTrader4’s main features is its Expert Advisors, which are beneficial in automated trading. MT4 allows traders to custom their own EAs in MQL4 through the built-in MetaEditor. Clients also have the option to purchase custom Expert Advisors from the MQL marketplace, which can be accessed directly on the MT4 and MT5 platforms. Automated trading is a great option for traders who do not have all day to execute positions, but still make profitable trades.
The MAM/PAMM, or Multi-Account Manager/Percentage Allocation Management Module is one of Fusion Markets’ greatest features. The MAM system provides money managers a top-performing multi-account manager solution on the MetaFX platform. It is known for its flexibility, stability, and high execution speed. Trading and execution costs using MAM is kept at a low rate, which entails 0.1pip execution cost on all products of the platform. The MetaFX can trade across unlimited accounts, as well as trade with any size, regardless whether it is full, mini, or micro lots. It is also equipped with Expert Advisors and a variety of products and trading styles.
Virtual Private Server (VPS)
A Virtual Private Server allows traders to run a platform remotely on a virtual machine 24 hours per day for a week. This means that you no longer have to switch your computer in order to execute Expert Advisors. I can also reduce latency between the server and the platform, as well as ensure that trading is seamless and uninterrupted by connectivity issues.
Fusion Markets only offers two types of trading accounts: Classic and True ECN. Both accounts offer access to the same number of products, require the same minimum deposit, and provide the same leverage. The two mainly differ in commissions.
- Classic Account: This account is curated specifically for beginners, which is why it does not charge any commissions. However, spreads for this account begin at 0.8 pips.=, making up for the commission-less trading.
- True ECN Account: This account offers spreads that begin as low as 0 pip but with a commission rate of $4.50 per lot. Since spreads are low for this account, it is most suitable for traders that make use of tight spreads, such as scalpers.
Fusion Markets Conclusion
Fusion Markets is a competitive broker with a clean reputation and good regulatory status. It is well-regulated by trusted authorities, and complies with the international standards of providing financial services. It also offers competitive fees, as well as flexible trading accounts and platforms. However, this broker lacks in certain areas, such as research and analytical tools. It may improve on that aspect, but so far, considering Fusion Markets’ range of features and services, especially its MAM/PAMM Accounts, it is recommendable for both beginners and professionals.