Fusion Markets Review Australia 2026

Fusion Markets at a glance: 18 key facts

Fusion Markets records 18 key facts in the table below, among them ASIC AFSL 385620, four platforms, and a A$0 minimum deposit on both retail accounts.

Fusion Markets prices those platforms through two retail models, and the commission is where the page earns its ranking.

Fusion Markets commission and spreads, measured

Fusion Markets commission and spreads on the Zero account run A$2.25 per side, A$4.50 round turn, with 0.04 pips measured on EUR/USD and a 0.36 pip eight-pair average, captured May to June 2026, IceFX SpreadMonitor, London VPS.

That commission is the second-lowest of the 32 ASIC-regulated brokers on this site. ACY Securities charges A$1.50 per side and sits below it, which is a correction to an earlier version of this page that claimed the outright lowest position. Fusion Markets sits second in the lowest commission forex brokers table rather than first.

Zero account commission and spread

Converted to pips at AUD/USD 0.66, the Zero account runs roughly 0.34 pips all-in on EUR/USD, and runs no dealing desk.

Those figures use the May to June 2026 measured EUR/USD averages plus each broker’s commission converted at AUD/USD 0.66. On the eight-pair raw average the Zero account placed equal seventh of 16 in the lowest spread brokers in Australia rankings, so commission rather than spread carries the cost case.

The Fusion Markets commission gap saves roughly A$125 against Pepperstone and A$225 against IC Markets at 50 standard lots a month. Those figures become A$500 and A$900 at 200 lots.

Classic (no-commission) spreads

The Classic account is spread-only and measured 0.83 pips on EUR/USD with a 1.12 pip eight-pair average over the same window. It suits infrequent traders who prefer not to track a separate commission line, and it costs materially more per lot than Zero on majors.

Other fees AU traders should check

• Overnight swap rates apply on positions held past 5 PM New York time and vary with trade direction.
• Currency conversion applies to any instrument denominated outside the account base currency.
• Withdrawals cost A$0 on most methods, including PayID, BPAY, PayPal and bank transfer.
• No inactivity fee applies at any balance or duration.
• Deposits cost A$0 on cards and most local rails. Crypto deposits carry the network fee and no Fusion Markets charge.

Fusion Markets trading platforms

Fusion Markets trading platforms number four, and none of them is proprietary. MT4, MT5, cTrader and TradingView run on the same account credentials, with cTrader Copy for copy trading.

That platform absence is deliberate rather than a gap in the offer: the positioning is cheap execution on platforms a trader already knows, and building a proprietary stack would cost money the pricing does not leave room for.

cTrader

cTrader is the pick for active forex traders who want level 2 depth-of-book pricing, advanced order types and a cleaner execution model than MetaTrader. The Fusion Markets cTrader Copy layer is available to clients following other strategies.

MetaTrader 4 and MetaTrader 5

MT5 suits broader asset-class support, covering indices, stocks and futures natively, along with modern expert advisors, and the Fusion Markets MT5 build connects to the Zero account. MT4 remains the standard for legacy expert advisors, and an existing MT4 strategy keeps running here.

TradingView

TradingView on Fusion Markets is a full trading platform with live order execution rather than a charting-only integration. Orders route through the cTrader backend, and commission follows the cTrader method.

Copy trading and mobile

Australian clients reach copy trading through cTrader Copy, with cAlgo and MQL5 Signals also supported on the MetaTrader builds. DupliTrade and Fusion+ Copy Trading run only through the offshore Vanuatu entity and are not available to Australian clients, which is a real limit rather than a technicality. MT4, MT5 and cTrader all carry full-featured mobile apps, with biometric login on iOS and Android for cTrader and MT5.

Is Fusion Markets safe? ASIC AFSL 385620

FMGP Trading Group Pty Ltd has held ASIC AFSL 385620 since 2011 and has traded as Fusion Markets since 2017, with VFSC registration in Vanuatu used for offshore wholesale business only.

ASIC regulation and global licences

FMGP Trading Group Pty Ltd holds AFSL 385620 with the Australian Securities and Investments Commission. The register records the licence as current since 5 January 2011, six years before the Fusion Markets brand launched.

The Fusion Markets Vanuatu registration matters only to a client onboarding offshore. That path is not recommended for retail traders, and clients qualifying as Professional Clients reach higher leverage onshore through Fusion Pro under ASIC instead.

History and ownership

Fusion Markets was founded in 2017 by Phil Horner, previously a senior executive at Pepperstone, and the offering is positioned as the same execution model at a lower commission. Fusion Markets was founded in Melbourne by an Australian and has been ASIC-regulated since launch. It remains smaller in scale than Pepperstone or IC Markets while placing consistently in the top three on measured cost.

Fusion Markets client money protection and the shared FMGP licence

Fusion Markets client money protection sits at an Approved Australian Bank in segregated accounts, and AFSL 385620 belongs to FMGP Trading Group Pty Ltd, ABN 74 146 086 017, the licensee behind Global Prime as well.

Common ownership disclosure. Global Prime and Fusion Markets are both trading names of FMGP Trading Group Pty Ltd under the same AFSL, 385620. They run as separate broker brands with different platforms and pricing models, but the licensee is the same legal entity. They are ranked independently because the trading experience differs, and the shared licence is disclosed on both review pages.

The shared-licensee disclosure is the reason this section exists. A trader diversifying counterparty risk across two brokers gains nothing by holding accounts at both, because one licensee and one set of client-money arrangements sit behind them.

Fusion Markets client money sits separate from company funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. AFCA hears claims up to A$1,263,000 and awards compensation up to A$631,500. The Compensation Scheme of Last Resort sits behind that with an A$150,000 cap, and it excludes CFD trading losses, so it covers unpaid awards for misconduct rather than losing trades. The retail standard is set out in negative balance protection explained.

One Fusion Markets carve-out matters before a trader chases leverage. The retail client money protections do not apply to clients approved for Fusion Pro, which is what the wholesale tier asks in exchange for the higher caps.

Public reviews

Fusion Markets holds a Trustpilot rating of 4.8 out of 5 from 8,497 reviews, which Trustpilot labels excellent, captured August 2026. The profile has been claimed by the broker since August 2019.

What other review sites say

Fusion Markets' iOS app rates 4.69 out of 5 from 16 ratings on the Australian App Store (August 2026), listed as Fusion Markets cTrader.

TradingView users rate Fusion Markets 4.6 out of 5 from 3,317 ratings (August 2026). 27.9K TradingView users have connected a Fusion Markets account.

App Store AU

4.69

16 ratingsAugust 2026

TradingView

4.6

3,317 ratings27.9K Traders via TradingViewAugust 2026View on TradingView

Fusion Markets account types and minimum deposit

Fusion Markets account types and minimum deposit run to four tiers from A$0: Zero, Classic, an Islamic swap-free option, and Fusion Pro for wholesale clients.

The Islamic swap-free option sits on top of either retail pricing model rather than as a separate price book, which is unusual: most Australian brokers offering swap-free restrict it to one account type.

Opening a Fusion Markets account: step by step

Minimum deposit

The A$0 minimum deposit applies on the Zero and Classic accounts alike. No formal account minimum exists, although some payment methods carry a minimum transaction of around A$10. That puts Fusion Markets level with Pepperstone at the entry point and ahead of IC Markets, which asks US$200 before a trade can be placed. The Fusion Markets demo account runs for 30 days and extends once a live account is funded.

Fusion Pro (Professional Account)

Traders qualifying as Professional Clients under ASIC apply for Fusion Pro, which sits onshore under the same AFSL 385620. Leverage rises to 500:1 on forex, gold, other commodities and energies, 100:1 on indices, 20:1 on share CFDs and 10:1 on crypto CFDs. The catch is serious: retail client money protections do not apply to Professional Clients. No offshore onboarding is required for the higher leverage, because Fusion Pro provides it under ASIC.

Fusion Markets funding methods and withdrawal times

Fusion Markets funding methods number nine, and every one carries no deposit fee. PayID clears same day, BPAY next business day, and withdrawals process same day on PayID and PayPal.

Deposit methods (AU clients)

The crypto deposit rail is unusual at this end of the market, and most ASIC-regulated brokers do not offer it. Accepting BTC, USDT and ETH as a funding method is a separate matter from trading crypto CFDs, which the product section covers.

Withdrawals

Withdrawals cost A$0 on most methods. Fusion Markets applies the same-source rule for anti-money-laundering compliance, routing funds back to the deposit method wherever available. PayID and PayPal are the fastest, typically settling same day.

Account opening

Account opening runs fully online and AUSTRAC-compliant, and most Australian applications clear within an hour of submission.

Fusion Markets markets and instrument counts

Fusion Markets markets and instrument counts cover seven asset classes, and share CFD coverage runs narrower than CMC Markets, IG Markets and Interactive Brokers, with no real share on the list.

That range narrowness is the trade the pricing buys. Fusion Markets is a forex specialist carrying other classes rather than a multi-asset venue.

Indices cover the ASX 200 alongside the S&P 500, NASDAQ, FTSE 100 and DAX at the 20:1 retail cap. Commodities run from gold and silver through WTI, Brent and natural gas, at the 10:1 cap on everything except gold. Bonds are thin, so a rates trader is better served by the broader-range brokers in the comparison below.

Share CFDs and crypto CFDs

The Fusion Markets share CFD range is materially narrower than the CMC Markets 10,000 plus, and no ASX share investing exists at all. Fusion Markets is a forex specialist that carries shares rather than a shares venue. The class is compared in the guide to share CFDs at AU brokers.

Fusion Markets crypto CFDs cover BTC, ETH, XRP and the other majors at the ASIC 2:1 retail cap. Those crypto positions are contracts on the price rather than coins a client owns or withdraws to a wallet.

Fusion Markets leverage and margin under ASIC rules

Fusion Markets caps majors at a maximum retail leverage of 30:1 under ASIC rules, and drops lower again on indices, commodities and cryptocurrency CFDs. Fusion Pro reaches up to 500:1 for wholesale clients.

ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order extended to 23 May 2027, so they apply at every ASIC broker rather than at Fusion Markets alone. The same caps apply on Zero and Classic, so the account choice is a pricing decision and not a leverage one.

The Fusion Pro tier lifts them to 500:1 on forex, gold, other commodities and energies, 100:1 on indices, 20:1 on share CFDs and 10:1 on crypto CFDs, for clients passing the eligibility tests.

Retail margin close-out sits at 50%. ASIC requires every CFD issuer to close a retail client’s positions once account equity falls below half the total initial margin on all open positions, positions cannot be netted against each other to reduce that figure, and a gapping market can close a position below the 50% level. The tier structure behind the 30:1 cap is explained in leverage in CFD trading.

Fusion Markets customer support

Fusion Markets customer support runs 24 hours a day, five days a week, and closes at the weekend Sydney time.

Live chat replied inside 90 seconds during Australian business hours in 2026 testing, across phone, chat and email. That reply time is competitive with brokers several times the size, which matters on a broker whose cost case depends on running lean.

The Fusion Markets weekend closure is the counterweight, and it is named in the cons. A funding or verification question raised on a Saturday waits until Monday, where Pepperstone answers the same question at any hour.

Three channels rather than two is worth noting on a low-cost broker, because a phone line is the first thing a lean operation usually cuts. Fusion Markets keeps one, and the desk sits in Melbourne rather than in an offshore support pool, which is the opposite trade-off Pepperstone makes at several times the scale.

Support quality is where a lean broker most often gives ground, and the measured reply time says Fusion Markets has not. The gap against the larger desks is coverage rather than speed: five days instead of seven.

Fusion Markets research, tools and education

Fusion Markets research, tools and education number five components, covering daily and weekly market analysis, an economic calendar, beginner guides, a webinar series, and Trading Central on certain account tiers.

• Daily and weekly market analysis posts
• Economic calendar
• Beginner forex and CFD guides
• Webinar series, less frequent than Pepperstone Insights or the CMC Markets analyst programme
• Trading Central integration on certain account tiers

Five components is a light stack, and one of the five is gated by account tier rather than open to every client. That is consistent with the cost positioning rather than at odds with it: research desks are expensive and the commission reflects their absence.

A trader who treats research and education as central is better served by CMC Markets, IG Markets or Pepperstone. A trader who runs their own analysis loses nothing here.

How Fusion Markets compares to Pepperstone and IC Markets

Fusion Markets charges A$4.50 round turn against A$7.00 at Pepperstone and A$9.00 at IC Markets, and all-in EUR/USD cost ran roughly 0.33 pips against 0.55 and 0.60 in the same May to June 2026 window. Fusion Markets compares to Pepperstone and IC Markets on commission from in front, and on scale, platform count and research from behind.

The closest head-to-head is covered in Pepperstone vs Fusion Markets.

Pepperstone carries five platforms against four here, a proprietary option Fusion Markets does not build, and a measured execution figure Fusion Markets does not publish. IC Markets measured tighter on raw spread at 0.15 pips across the eight-pair basket against 0.36 here. Fusion Markets wins the commission line and loses the scale line, and on all-in EUR/USD cost the commission advantage is the larger effect.

Should you open a Fusion Markets account?

A Fusion Markets account suits cost-first active traders at A$4.50 round turn per standard lot, on an A$0 minimum deposit and four platforms.

Two groups of trader gain clear value from a Fusion Markets account. High-frequency forex traders save A$2.50 round turn against Pepperstone on every standard lot, which compounds to A$500 a month at 200 lots. Traders who already know their platform lose nothing by the absence of a proprietary stack, because MT4, MT5, cTrader and TradingView cover the mainstream field.

Two groups should look past a Fusion Markets account. Share investors need deep CFD coverage or real ASX ownership, and CMC Markets covers both. Research-led traders need a desk this broker does not run.

Fusion Markets ranks third among the best forex brokers in Australia on the 2026 scoring, and the case rests on commission rather than on breadth. The demo mirrors Zero account pricing, so the cost is testable before funding anything.

Advertiser disclosure: commercial arrangements on this page are set out in full.