Fusion Markets Review Australia 2026

Is Fusion Markets safe? ASIC AFSL 385620

Fusion Markets is a trading name of FMGP Trading Group Pty Ltd, which holds AFSL 385620, current since 5 January 2011 on the ASIC register we checked on 16 July 2026. FMGP Trading Group Pty Ltd is also a member of the Australian Financial Complaints Authority.

Until 13 August 2023 the licensee was named Global Prime Pty Limited, and the same licence covers the Global Prime brand. Our MT5 account’s terminal names FMGP Trading Group Pty Ltd as the account holder company.

ASIC regulation and global licences

We checked the ASIC register: FMGP Trading Group Pty Ltd holds AFSL 385620, current since 5 January 2011. The register’s name history shows the licensee as Global Prime Pty Limited until 13 August 2023 and as FMGP Trading Group Pty Ltd since. Before you fund, checking the register entry and the licensee name on your own account documents confirms which entity stands behind your account.

History and ownership

Fusion Markets is a trading name of FMGP Trading Group Pty Ltd, registered address Level 27, 25 Bligh Street, Sydney NSW 2000, per its Australian website footer read on 27 September 2026. The same licensee, Global Prime Pty Limited until 13 August 2023, also runs the Global Prime brand under AFSL 385620. For a reader holding accounts at both brands, I would note that one licensee sits behind each, which matters when you compare their offers.

Before depositing, confirm Fusion Markets holds AFSL 385620 using the site's guide to checking a broker on ASIC's register.

Is Fusion Markets legal in Australia?

Trading with Fusion Markets is legal for Australian residents through FMGP Trading Group Pty Ltd, which ASIC licenses under AFSL 385620.

Fusion Markets client money protection and the shared FMGP licence

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

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 matters for counterparty risk. Holding accounts at both Fusion Markets and Global Prime means no diversification; one licensee and one set of client-money arrangements sit behind both. In my view, spreading capital across two ASIC brokers makes more sense if they operate under different licensees, because a licence-level event at FMGP would touch both accounts at once.

Fusion Markets client money is kept separate from company funds. ASIC requires negative balance protection on retail CFD accounts, so traders cannot lose more than they deposit. AFCA hears claims up to A$1,263,000 and can award up to A$631,500. The Compensation Scheme of Last Resort pays up to A$150,000 for personal advice, securities dealing and credit, and forex and derivatives trading, CFDs included, sit outside its scope. The retail standard is explained in negative balance protection explained.

Fusion Markets trades under the AFCA member FMGP Trading Group Pty Ltd, which Global Prime also trades under, and AFCA’s Datacube, read by our team on 27 September 2026, records 25 complaints received in 2025-26 and 7 in 2024-25.

• AFCA business size: Very small
• Not adjusted for client numbers
• AFCA listing threshold: Financial firms that received four or more complaints during the selected period appear in the AFCA Datacube.
• Middle of the field: 23 AFCA firms listed for 01/07/2025 - 30/06/2026 among the brokers this site covers, each firm counted once
• Source: AFCA Datacube, complaints by firm, read 27 September 2026

Public reviews

Fusion Markets holds a Trustpilot rating of 4.8 out of 5 from 9,769 reviews, which Trustpilot labels excellent, captured October 2026. The profile has been claimed by the broker since August 2019.

How popular is Fusion Markets in Australia?

Of the 33 brokers we review, Fusion Markets holds 12th place for search interest in August 2026, on 2,950 branded searches from Australia. Search interest measures attention, not quality; the score above is the review verdict.

12of 33Search interest rank

2,950

Brand searches, August 2026

0.0%

vs July 2026

260

Login searches

1.6%

Share of all broker searches

Source: Google search volume, Australia, August 2026. How this is measured

What other review sites say

Fusion Markets' iOS app rates 4.71 out of 5 from 17 ratings on the Australian App Store (October 2026), listed as Fusion Markets cTrader.

Android users rate Fusion Markets' Android app 4.4 out of 5 from 615 reviews worldwide on Google Play (October 2026), listed as Fusion Markets cTrader.

TradingView users rate Fusion Markets 4.6 out of 5 from 3,489 ratings (October 2026). 30K TradingView users have connected a Fusion Markets account.

App Store AU

4.71

17 ratingsOctober 2026

Google Play

4.4

615 reviews worldwideOctober 2026View on Google Play

TradingView

4.6

3,489 ratings30K Traders via TradingViewOctober 2026View on TradingView

What traders say about Fusion Markets

Public ratings of Fusion Markets from the rating sites that list it, showing the number of reviews or ratings behind each score and the month it was captured.

Rating site	Rating	Based on	Who rated	Captured
Trustpilot	4.8 out of 5	9,769 reviews	Worldwide	October 2026
App Store	4.71 out of 5	17 ratings	Australia only	October 2026
TradingView	4.6 out of 5	3,489 ratings	Worldwide	October 2026

Each row above is a public rating of Fusion Markets taken from a rating site, dated to the month its figure was captured. An App Store rating counts ratings left on Apple's Australian App Store only, while a Trustpilot figure counts reviews and a TradingView figure counts ratings from anywhere in the world. A site with no row has no rating for Fusion Markets, withholds it, cannot be matched to Fusion Markets with confidence, or we have not captured it yet.

Fusion Markets at a glance: 15 key facts

Fusion Markets offers four platforms and an A$0 minimum deposit on both retail accounts under ASIC AFSL 385620, with the 15 key facts in the table below.

This layout surfaces the cost numbers you actually need before opening an account, without digging through the full review.

At Fusion Markets, you choose between two retail pricing models, and it’s the commission that drives the ranking you see on this page.

Fusion Markets commission and spreads, measured

Fusion Markets’ Zero account spread measured 0.01 pips on EUR/USD and averaged 0.09 pips across eight pairs in our September 2026 capture, with commission at A$2.25 per side (A$4.50 round turn).

Noam Korbl ran this 48-hour capture from a London VPS to keep the measurement clean, so the numbers represent what the broker’s liquidity delivered, not what your home connection might add.

That’s the joint second lowest commission among the ASIC-regulated brokers we cover, level with Axi’s single A$4.50 round-turn charge. ACY Securities charges A$1.50 per side and sits below both. Fusion Markets is joint second in our lowest commission forex brokers table, not first. The honest takeaway for you is that the cost gap to first place is real but narrow, so the platform and execution differences carry more weight in the decision.

On MT4 and MT5 the Zero account charges A$2.25 per side per standard lot. You pay 2.25 per 100,000 of notional in the pair’s base currency on cTrader and on TradingView, which Fusion runs through cTrader, so one lot of EUR/USD costs you EUR 2.25 per side, converted back to your account currency, per Fusion’s Australian FAQ on 1 October 2026.

Zero account commission and spread

In our September 2026 capture the Zero account cost 0.32 pips all-in on EUR/USD, and on the May to June 2026 measured spread it ran 0.35 pips all-in. Both figures add the A$4.50 round-turn commission, converted at the AUD/USD close of 0.6955 on 9 October 2026.

The table mixes two windows: the Fusion Markets and CMC Markets rows come from our September 2026 capture, while the Pepperstone, IC Markets and FP Markets rows use our May to June 2026 measured EUR/USD averages. Each row adds the broker’s commission, with the Australian dollar commissions converted at the AUD/USD close of 0.6955 on 9 October 2026, and CMC Markets’ US dollar commission needing no conversion on EUR/USD. Across eight pairs the Zero account averaged 0.09 pips raw, first of the 11 raw-pricing accounts in our September 2026 capture. Fusion Markets is joint second with Axi at A$4.50 round turn, behind ACY Securities at A$1.50 per side, and its eight-pair all-in cost of 0.46 pips in the same capture ranked first of the 19 accounts. I would judge brokers on the all-in figure, since that is what you pay.

A trader doing 50 standard lots a month with Fusion Markets saves roughly A$125 against Pepperstone and A$225 against IC Markets. At 200 lots, that’s A$500 and A$900 back. This is running costs that compound with volume, so the saving scales directly with how actively you trade.

Classic (no-commission) spreads

Classic is the spread-only account, and our May to June 2026 capture measured it at 0.83 pips on EUR/USD and 1.12 pips across eight pairs. An infrequent trader who wants no separate commission line might still pick it, since one number on the statement is simpler to check. In my view, the Zero account’s commission usually costs you less per lot on majors than Classic’s wider spread.

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.
• Fusion Markets states on its Australian home page, read 27 September 2026, that it charges no withdrawal fees; we have not made a withdrawal, so this is its statement, not our finding.
• No inactivity fee applies at any balance or duration.
• Deposits carry no fee per the same page, which waives fees on Visa, MasterCard, PayPal, Skrill and Neteller, and Noam’s A$200 Visa deposit on 28 August 2026 showed no charge.

What Fusion Markets costs per trade

MEASURED

Standard lots per month

15102550

Monthly spread cost converts pips to dollars using the EUR/USD pip value as the proxy for the 8-pair average, footnoted on-page. AUD pip value A$14.38 per standard lot at AUD/USD 0.6955 (9 Oct 2026).

Rawraw + commission · 8-pair average · September 2026

A$57.94

Standardspread only · 8-pair average · May to June 2026

A$161.06

Raw saves A$103.12 a month at this volume, comparing Raw prices from September 2026 with Standard prices from May to June 2026 (the September 2026 capture holds no Fusion Markets Standard account)

At 10 standard lots per month on Raw accounts, Fusion Markets costs approximately A$57.94 in spread and commission costs. Rates as of Fri 9 Oct 2026, 5pm New York close.

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, with an all-in EUR/USD cost of 0.35 pips on our May to June 2026 measured spread at the AUD/USD close of 9 October 2026.

On the same basis, Pepperstone’s all-in EUR/USD cost is 0.59 pips and IC Markets’ is 0.64 pips. Fusion Markets’ A$4.50 round turn sits below Pepperstone’s A$7.00 and IC Markets’ A$9.00, while Pepperstone and IC Markets list the same four platforms as Fusion Markets, MT4, MT5, cTrader and TradingView. I would weigh the commission saving first if cost per lot drives your trading, and compare what each broker publishes on research before deciding.

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

IC Markets measured wider raw spreads in our September 2026 capture, at 0.26 pips across the eight-pair basket against 0.09 here in the same window. Fusion Markets wins on commission and loses on scale, but the all-in EUR/USD cost advantage from commission is the larger effect. For the trader counting round-turn cost per lot, the saving compounds faster than the spread difference.

Fusion Markets account types and minimum deposit

You have four account tiers to choose from, starting at A$0: Zero, Classic, an Islamic swap-free option, and Fusion Markets Pro for wholesale clients.

Opening a Fusion Markets account: step by step

Minimum deposit

Fusion Markets sets no minimum deposit, and its Australian home page, read 27 September 2026, says it does not restrict traders by minimum deposits or account sizes. Our pending account showed A$0.00 and could be funded before approval, and Noam funded it with A$200 on 28 August 2026. The portal offered a free demo on 24 August 2026, and I rate the no-floor approach as a plus for starting small.

Fusion Pro (Professional Account)

A client who qualifies as a Professional, meaning wholesale, client can apply for Fusion Pro under the same AFSL 385620. The leverage table on this page shows 500:1 on forex, gold and other commodities, 100:1 on indices, 20:1 on share CFDs and 10:1 on crypto CFDs. I would weigh that extra leverage carefully, because a wholesale client gives up the ASIC retail protections, including negative balance protection and the retail leverage caps.

Fusion Markets funding methods and withdrawal times

Fusion Markets charges A$0 in broker fees on every deposit method, per its deposit fee policy page read 7 October 2026. SWIFT and intermediary bank fees are third-party charges outside the broker, so check your provider before you transfer. Available methods vary by country.

On the deposit menu Noam used on 28 August 2026, every option except bank transfer was labelled Instant, and his A$200 Visa deposit carried no fee. I would check your balance after a card deposit before paying again, because his showed as an error before it credited.

Deposit methods (AU clients)

A crypto tile labelled Instant sits in Fusion Markets’ deposit menu (28 August 2026), and it is a way to fund the account, separate from trading crypto CFDs. I treat it as a convenience rather than a reason to choose the broker, because ASIC’s 2:1 retail cap on crypto CFDs applies however you fund the account.

Noam Korbl captured the deposit menu on 28 August 2026, which showed eight tiles, Bank Transfer, PayID, Visa/Mastercard, Crypto, PayPal, Neteller, Jetonbank and Skrill, with every tile but bank transfer labelled “Instant”, and BPAY was not among the eight tiles captured. He paid A$200 by Visa, and the confirmation screen promised “Instant” processing. The portal then returned four “Unexpected Error. Please try again.” toasts while the deposit sat as Pending and the balance read 0.00 AUD. A page refresh showed A$200 and a Success status, with no second payment made. In Noam’s view the false error is the flaw of the funding experience, because a customer trusting it risks a duplicate deposit. On my reading, a deposit that reports an error deserves a balance check before any retry.

Withdrawals

Fusion Markets takes withdrawal requests 24/7 and processes most internally in under an hour, with a median under an hour, per its withdrawal policy page read 7 October 2026. Internal compliance checks can take up to one business day before the request is handed to your provider, so that check, not the sub-hour processing, sets the realistic front end of the timeline. Provider delivery is separate: the same source lists local bank transfers at one to two business days and wire transfers at three to five business days. Fusion charges no withdrawal fee in normal trading use, though intermediary bank fees can apply, and merchant fees may be charged on withdrawals that follow deposits without significant trading. We have not made a withdrawal from our test account, so every timing above is the broker’s published figure rather than our measurement.

Account opening

Fusion Markets opens accounts under FMGP Trading Group Pty Ltd, the ASIC licensee behind AFSL 385620, and its dashboard claims most accounts are verified within an hour. Noam Korbl applied at 5:05 pm on 24 August 2026, with approval arriving at 3:46 pm on 26 August, 46 hours and 41 minutes later by his record. An A$200 deposit followed on 28 August.

You sign up with an e-mail, a password and a tick box confirming you are over 18 and accept the Terms and Conditions. The portal then opens on Trading Accounts with a seven-step guided tour you can skip, which Noam found useful because it explains the main areas before any live account exists. From there, the ID Verification page lists four stages, Enter Your Details, Set up Your Trading Account, Verify Your Identity and Submit Additional Documents, and claims it only takes about 3 minutes. You enter your personal details, answer the referral question and verify your phone by SMS code, then choose a security question. Platform, account type and base currency sit together on one screen, MT5, Zero and AUD in Noam’s case, with a single acknowledgement covering the PDS, FSG, privacy policy and electronic verification notice.

Identity verification asks you to pick a driver licence, a government issued photo ID or a passport, uploaded as a file or photographed, in JPG, JPEG, PNG or PDF form up to 20 MB, and a separate fourth stage covers anything further Fusion Markets requests. Once you submit, the account sits on the Trading Accounts page as Pending, with A$0.00 against it, fundable but not tradable until the quiz gate is passed. An Appropriateness Test asks how much you are prepared to risk each year, from bands under $1,000 up to $50,000 or more, and a Client Suitability Test follows with a leverage-and-notional question. Noam noted that some single-choice questions appeared to have more than one defensible answer, which he calls the main weakness of the flow. No frame times the identity check itself, and the two-day approval is his record rather than a captured stamp.

Noam’s notes rate the flow as easy and efficient to work through, with the dashboard tour and the four-stage layout its strongest parts, and he liked having platform, account type and base currency grouped on one screen. The final approval was not quick in this test. I read the gap between the hour promised on the dashboard and the two days on Noam’s record as the number that matters most to you. Next comes what Fusion Markets lets you trade.

Fusion Markets trading platforms

Fusion Markets offers four trading platforms, none of them proprietary: MT4, MT5, cTrader and TradingView.

You choose the platform while setting up the trading account, on one screen with the account type and base currency; our account was set up on MT5, and the portal issued an MT5 login for it. Each trading account you open works on one platform only, so if you want a second platform you open a second account from the same client portal, per Fusion’s live chat support on 1 October 2026. You can hold up to 10 active live accounts.

The lack of a proprietary platform is not a gap. The positioning is cheap execution on platforms traders already know. Building a proprietary stack would cost money the pricing doesn’t leave room for. This is a purposeful trade-off, and the saving it creates lands directly in your round-turn cost.

cTrader

cTrader at Fusion Markets offers depth-of-market (level 2) pricing. I rate the depth display as the reason to choose cTrader when you want to see the order book before placing an order.

MetaTrader 4 and MetaTrader 5

I’d recommend MT5 for broader asset-class support: indices, stocks, futures natively, plus modern expert advisors. The Fusion Markets MT5 build connects to the Zero account. MT4 is still there for legacy expert advisors, so existing strategies keep running.

TradingView

Fusion Markets states on its Australian home page, read 27 September 2026, that its clients can execute trades on TradingView, so charting and order entry sit in one window. I like the sound of that for anyone who wants a single click between spotting a setup and acting on it. Our account runs MT5, and we have not placed a trade through TradingView, so I cannot vouch for the execution itself.

Copy trading

Fusion Markets offers no copy trading to Australian clients, retail or Pro: neither Fusion+ nor cTrader Copy. Support told our team on 1 October 2026: “Sadly Fusion+ or our copytrading service is not available for ASIC clients.” Fusion’s Australian FAQ says copy trading is for Australian Pro clients only, yet support, shown that line, said it is not available to Pro clients either. In my view, a copy-first trader should look to an ASIC broker built for copying, such as eToro.

Fusion Markets app

Fusion Markets publishes its own mobile app, listed on the App Store as “Fusion Markets cTrader” and sold by Fusion Markets PTY LTD. Clients can also trade MT4, MT5, cTrader and TradingView from a phone through those platforms’ own apps.

The broker’s own app runs cTrader, the build the platforms section covers for depth-of-market pricing. MT4, MT5 and TradingView ship no Fusion Markets app of their own: you sign in inside each platform developer’s app with the login of the trading account you opened for that platform. To weigh this broker against its rivals on the phone, see the best trading apps in Australia comparison.

• App Store: Australian storefront, exact figures from Apple's iTunes Search API
• Google Play: worldwide counts, not comparable with the App Store counts
• Third-party MetaTrader, cTrader and TradingView apps not listed

Fusion Markets leverage and margin under ASIC rules

Fusion Markets leverage in Australia reaches 30:1 on majors for retail clients under ASIC rules, with lower caps on indices, commodities and crypto. Fusion Markets Pro reaches up to 500:1 for wholesale clients.

• Given up with professional status: negative balance protection, the retail leverage limits, the 50% margin close-out
• Source: ASIC product intervention order (retail); Fusion Markets and its Australian support, read 30 September 2026 (professional)

At Fusion Markets, retail CFD leverage is set by ASIC at 30:1 on majors, 20:1 on minors, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto. These caps come from a product intervention order extended to 23 May 2027, so they apply at every ASIC broker, not just Fusion Markets. The same caps apply on Zero and Classic, so account choice is a pricing decision, not a leverage one.

Fusion Markets applies the 50% retail margin close-out. ASIC requires brokers to close positions once equity falls below half the total initial margin on all open positions. Positions can’t be netted to reduce that figure, and a gapping market can close positions below 50%. The tier structure behind the 30:1 cap is explained in leverage in CFD trading.

Fusion Markets markets and instrument counts

Fusion Markets offers more than 250 products, per its Australian home page read 27 September 2026, including 90+ currency pairs and 110+ US share CFDs, across forex, metals, indices, energy and soft commodities, cryptocurrencies and US shares. Everything trades as a CFD, so you never own the underlying shares.

If shares are the main game, this is the constraint you’ll hit. My honest assessment is that a share-focused portfolio belongs at a broker that built its business on equity coverage, and the cost advantage on FX does not close that gap.

That narrowness is the trade-off for the pricing. I see Fusion Markets as a forex specialist that carries other classes, not a multi-asset venue.

Indices cover the ASX 200, S&P 500, NASDAQ, FTSE 100 and DAX at the 20:1 retail cap. Commodities include gold, silver, WTI, Brent and natural gas, at 10:1 except gold, and Fusion’s soft commodities page, read 7 October 2026, also names wheat, cotton and soybeans. Fusion’s Australian menu lists no ETFs and no bonds, so rates and ETF traders should look to the broader-range brokers in the comparison below. My read is that Fusion built its instrument list around what its core forex trader also wants to trade, with little beyond that.

Share CFDs and crypto CFDs

Fusion Markets offers 110 US share CFDs on MT5 at A$0 commission under a limited-time waiver with no published end date, per its US share CFD schedule read 7 October 2026. Overnight financing applies separately, and you trade CFDs rather than owning shares. There are no ASX share CFDs. In my view that is a short menu next to IC Markets’ 1700+ names on its Australian homepage count dated 27 September 2026, so compare share CFDs at AU brokers before you commit.

Fusion Markets crypto CFDs cover BTC, ETH, XRP and other majors at the ASIC 2:1 retail cap. These are contracts on price, not coins that can be owned or withdrawn to a wallet. What that distinction means for you is that you are trading exposure to price movement, not holding an asset that can be moved to cold storage, and the 2:1 cap is an ASIC blanket, not a Fusion choice.

Fusion Markets customer service, research and education

Fusion Markets’ Australian website links a Contact Us page (27 September 2026), and we have not yet run a timed support test on our account, so this review states no response time, hours or channel list.

My advice is to check the support hours and channels on that page before you fund an account.

Fusion Markets research, tools and education

Fusion Markets publishes three research tools alongside the economic calendar and trading calculators: Analyst Views with trade setups, support and resistance levels and scenarios, Technical Insight with charts, analysis and alerts, and Market Buzz for news and sentiment, per its published research tools page read 7 October 2026. We have not tested these tools live.

The free Fusion Academy runs self-paced courses through the Client Hub, and its current modules cover introduction to trading, trading basics, technical analysis and fundamental analysis, with advanced modules still in development, per the Fusion Academy syllabus read 7 October 2026. You need an account but no deposit. We have not assessed the quality of the tools or the education.

Should you open a Fusion Markets account?

For cost-first active traders, I’d point to a Fusion Markets account: A$4.50 round turn per standard lot, A$0 minimum deposit, and four platforms.

A Fusion Markets account delivers clear value to two groups. High-frequency forex traders save A$2.50 round turn against Pepperstone on every standard lot, compounding to A$500 a month at 200 lots. Traders who already know their platform lose nothing without a proprietary stack; MT4, MT5, cTrader and TradingView cover the mainstream. If either describes your setup, the cost case holds.

I’d steer share investors to CMC Markets, which offers real ASX ownership and deep CFD coverage.

If cost matters more to you than breadth, Fusion Markets earns its fourth among the best forex brokers in Australia for 2026. The free demo, seen in the client portal on 24 August 2026, is worth a run for platform familiarity alone. In my view it is a low-cost way to check whether MT4 or MT5 here suits your trading.