Gold and silver can be traded against the euro, US dollar, and Australian dollar. Mobile traders keen on technical analysis will benefit from 65 commonly used technical indicators, 4 chart types, and 16 charting tools. The app can accommodate Fusion Markets customers from many different countries as it comes with over 20 language options. MetaTrader 4 (MT4) is available in over 40 languages and is good for charting and technical analysis. The platform also runs seamlessly across mobile devices, offering roughly the same functionalities as the desktop version.
However, I consider it cumbersome and not the best choice for analyzing price action. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. Fusion Markets’ MT5 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
Does Fusion Markets Offer Low Fees?
The mobile versions of MT4 and MT5 replicate the features of their desktop counterparts, allowing for excellent interaction between devices. The MT4 and MT5 platforms are also accessible across mobile devices, and both are compatible with iOS and Android. Fusion Markets does not set this charge, as it is calculated by its prime broker and liquidity partners. Some brokers might add their own markup on top of the financing charge but to its credit, Fusion Markets do not.
Swap fees (overnight financing) are slightly higher than the industry average. For example, holding a long position in gold may incur a swap cost of around $54 per lot. These fees vary depending on the instrument, position type, and market interest rates. Despite this, swap rates are clearly listed on the platform, helping traders manage long-term costs. Fusion Markets provides access to more than 20 commodities, including gold, silver, platinum, crude oil, and natural gas.
- Professional traders can manage money for other Fusion Markets clients via the broker’s MAM and PAMM solutions.
- Fusion Markets offers a range of account types to suit different trading styles and experience levels.
- It supports popular trading platforms and tools such as MT4, MT5, and cTrader.
Fusion Markets Trading Assets
While there are no minimum account requirements, most deposit methods enable transferring at least $10 or more. There are around 250 markets to choose from, most of which are currency pairs and stocks. There is also a somewhat limited range of indices, commodities, and cryptocurrencies (Bitcoin, Ethereum, Dash, Ripple, and Litecoin). There are no sophisticated asset classes available to be traded, such as ETFs, options, futures, or bonds.
DupliTrade, which is also offered to clients, can be integrated directly into your MT4 terminal. I find the intuitive auto-execution software to be a good option for copy trading, providing access to fully audited signal providers while providing traders full control over positions. Fusion also added capabilities to integrate your trading account directly in the TradingView app in July 2024, creating a comprehensive and seamless mobile experience for active traders. There is also a swap-free account for Muslim traders, with 50 instruments and an administrative fee charged for open positions once every seven days. With Fusion Markets, the content that traders have to generate ideas and improve their knowledge is a mixed offering. On the research side, there is a wide selection of useful content to wade through after logging into the client portal.
- Fusion Markets is the trading name of Gleneagle Asset Management, founded in 2010.
- I’ve traded with four brokers in the last five years and Fusion Markets is by far the best and most importantly, cheapest.
- Concerning cTrader, it is available as a desktop (cTrader Desktop), web (cTrader Web), and mobile (cTrader Web) application.
Deposit Methods
The broker offers competitive spreads for the seven major forex pairs, with some minor exceptions, such as the EUR/USD spread, when compared to the one of AvaTrade. However, there is a downside too, as you lose the right to negative balance protection retail clients enjoy. To open a professional trading account at Fusion Markets, you also must meet specific criteria. Under the Wealth Test, you must have at least AU$2.5 million in net assets, or an annual gross income of AU$250,000 for the past two years. Both require a verification from a qualified accountant within six months.
Brokers
Fusion Markets has a $0 minimum deposit, allowing anyone to start trading with any amount they’re comfortable with. This flexibility is ideal for beginners who want to test the platform before committing larger funds. There are no setup or funding fees, and you can open an account instantly after completing verification. For fund managers or traders handling multiple clients, Fusion Markets offers MAM/PAMM account options. These accounts allow seamless management of multiple portfolios under one master account, with real-time performance tracking and allocation flexibility. Fusion Markets employs more than 100 professionals worldwide, with its main office located in Melbourne, Australia.
We also liked the fact that Fusion Markets does not charge fees for withdrawing funds. It is fairly fusion markets broker review common to find brokers charging for multiple withdrawals within the same month, in addition to a fee for outgoing wire transfers. However, while Fusion Markets does not charge fees (and internal transfers within Australia are also free), some international banks may still charge between $15 to $25 for bank transfers. For this reason,the minimum withdrawable amount with bank transfers is set at $35. Fusion Markets does not charge any fees for depositing money via debit/credit cards and bank wire transfers within Australia. While it also does not charge for international transfers, it warns traders may incur fees of $20 to $30 charged by their banks.
Understanding Regulatory Protections and Broker Stability
The service is free as long as you trade at least 2.5 lots of forex or metals per month. When this condition is not met, you’ll need to pay a $10 per month fee to cover Fusion’s hosting costs, though this is still reasonable. In the ZERO account, a USD 2.25 (or equivalent in other currencies) commission applies per side, which maintains the broker’s low-cost stance. In comparison, Vantage charges $3.00 in its Raw ECN account while Skilling charges $3.50. Fusion Markets has an average investment offering that’s redeemed by a huge selection of currency pairs. With over 90 major, minor and exotics, Fusion far exceeds the 55+ currency pairs at Vantage or 50+ currency pairs at AvaTrade.
The mobile app is limited to opening/closing positions, checking live pricing, and using some analytics tools. I’ve traded with four brokers in the last five years and Fusion Markets is by far the best and most importantly, cheapest. I’ve mainly traded derivatives on their cTrader software but they’ve added spot crypto trading so dabbling in that now too. It also supports Autochartist, which is excellent for technical summaries. This is especially important for global traders who won’t receive negative balance protection – you can lose more than your deposit.
VPS Hosting for Automated Trading
When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Compared to the industry average, Fusion Markets provides an average number of share CFDs, indices, and cryptocurrencies, and a high number of currency pairs and commodities. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capabilities too rigid and less effective.
