Fusion Markets provides three different account types e.g., Zero Account, Classic Account, and MAM/PAMM Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.
Finding a reputable list about Fusion Markets account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.
Fusion Markets Overview
Fusion Markets is a forex broker that was founded in 2017 and opened for the public in 2019. Its headquarters are in Melbourne, Australia.
The company was founded by veterans of the Australian forex industry with a combined experience of 50 years. It is a 100% owned company.
Fusion Markets is a Trading Name of Gleneagle Asset Management (GAML), which is regulated by the Australian Securities and Investments Commission (ASIC).
Gleneagle Asset Management is a subsidiary of Gleneagle Securities. The company was founded in 2010 and is an institutional provider in the financial markets offering services such as asset management, corporate advisory, and more.
Fusion Markets is regulated by both the Australian Securities and Investments Commission (ASIC) and Vanuatu Financial Services Commission (VFSC) depending on your residency.
Fusion Markets’ mission is to have the lowest trading costs in the industry. To reach this mission it has no minimum deposit, fee-free funding options, good support, and world-class technology to help you succeed in the markets.
It offers trading through the popular MetaTrader4 in instruments such as forex, energy, precious metals, indices, commodities, and cryptocurrencies.
Fusion Markets Account Types
Fusion Markets offers clients a choice between two live accounts, namely a ZERO Account and a Classic Account.
Through these two account types, traders are offered competitive trading conditions along with comprehensive solutions and services.
Fusion Markets Account Features
The ZERO Account is the most popular account type and provides traders with the following features:
- Designed for experienced traders
- Spreads start from 0 pips
- AUD $ 4.50 commission
The Classic Account
The Classics Account has the following features:
- Designed for the beginner trader
- Spreads start from 0.8 pips
- Zero commission
Companies, corporates, and trusts can also open any of these account types. Documentation that needs to be provided to open a company/corporate//trust account is:
- Certificate of Incorporation
- Article of Association
- Proof of address
- List of members/directors/shareholder
- Proof of ID and address of all members/directors/shareholder
- Trust deed
Traders can also apply for MAM/PAMM accounts.
For you to apply for a MAM/PAM account, you must have the below requirements.
- The trader can only earn a performance fee/management fee
- There is no IB’s or commission pay-outs allowed
- The non-negotiable minimum deposit per slave account is $ 5 000
- Three funded slave accounts allowed
- At least three months of a track record to show the system is profitable. This can be from another broker.
- The manager needs to trade with Fusion Markets for at least one month, with similar performance to the track record shown
- A trader needs to be licensed in this type of activity regulate in his/her own country
Fusion Markets Demo Account
Fusion Markets offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:
- A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
- Traders who are evaluating and comparing brokers who would like to explore ActivTrades’ trading conditions in a risk-free environment, and
- Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
Fusion Markets’ demo account sign-up is fully digitalized and hassle-free.
It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice, with MetaTrader4, MetaTrader4 Web Trader, Myfxbook AutoTrade, and DupliTrade.
Fusion Markets Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
Fusion Markets does not offer clients the option of opening an Islamic Account to Muslim traders who follow Sharia law. Certain features in opening an Islamic Account can differ vastly from the individual account such as minimum deposit, spreads, and more.
These changes are as per the broker’s discretion and/or changes in market conditions.
Pros and Cons
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Fusion Markets at a Glance
|Broker’s Name||Fusion Markets|
|Regulating Authorities||ASIC and VFSC|
|Countries not accepted for trade||Iran, Japan, New Zealand, North Korea or the United States of America|
|Islamic Account (Swap Free)||No|
|Maximum Leverage||1: 500|
|Minimum Deposit||$ 0|
|Deposit Options||Visa, MasterCard, Skrill, Neteller, Bank Wire Transfer, local bank transfers for clients from the Philippines, Thailand, Malaysia, Indonesia, and Vietnam|
|Withdrawal Options||Visa, MasterCard, Skrill, Neteller, Bank Wire Transfer, local bank transfers for clients from the Philippines, Thailand, Malaysia, Indonesia, and Vietnam|
|Platform Types||MetaTrader4, MetaTrader4 WebTrader, Myfxbook AutoTrade and DupliTrade|
|OS Compatibility||Mac, Microsoft Windows, Android, iPhone, iPad, Web, Desktop|
|Tradable Assets||Over 120 different financial products including forex, energy, precious metals, indices, commodities, and cryptocurrencies|
|Languages supported on Website||English and Thai|
|Customer Support Languages||English and Thai|
|Customer Service Hours||24/5|
How many instruments can I trade with Fusion Markets?
Fusion Markets offer over 120 different financial products that include:
- Precious metals
Which platforms are supported by Fusion Markets?
- MetaTrader4 Web Trader
- Myfxbook AutoTrade
- DupliTrade 5
Does Fusion Markets offer leverage?
Yes. Fusion Markets offer leverage of up to 1: 500.
What spreads can I expect with Fusion Markets?
You can expect spreads that start from 0.0 on EUR/USD. For full details on spreads offered on the different instruments refer to the broker’s website.
Does Fusion Markets charge commission?
Yes. With Fusion Markets commission start with USD 2.25 per 1 standard lot or equivalent ($4.50 per round turn). For a mini lot, the commission will be 0.45c.
Are there additional charges on the Islamic account?
Islamic accounts usually have different charges from the other active account. Fusion Markets does, however, not offer Islamic accounts to its customers.
Is Fusion Markets regulated?
Yes. Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC) and Vanuatu Financial Services Commission (VFSC).
Is Fusion Markets a recommended forex trading broker for experts and beginners?
Yes. Fusion Markets offers a decent trading environment for both beginner and advanced traders.
What is the overall rating out of 10 for Fusion Markets?
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Fusion Markets offer a demo account?
For how long is the demo account valid?
It is not clear on Fusion Markets website how long the demo account is valid.
Does Fusion Markets offer the option of an Islamic Account?
No. Fusion Markets does not offer an Islamic Account.
Which live trading accounts does Fusion Markets offer?
ActivTrades only offers a ZERO Account and a Classic Account. Traders can also open MAM/PAMM accounts.
What are the available deposit currencies for a live trading account?
Deposits and Withdrawals
What is the minimum deposit for Fusion Markets?
There is no minimum deposit requirement.
How do I make a deposit and withdrawal with Fusion Markets?
- Bank Wire Transfer
- Local bank transfers for clients from the Philippines, Thailand, Malaysia, Indonesia, and Vietnam
The same method that was used to fund an account must usually be used to withdraw money again and monies will only be refunded to accounts that carry the same name as the trading account with Fusion Markets
Does Fusion Markets charge withdrawal fees?
No. But fees from Financial institutions may apply.
How long does it take to make a withdrawal?
Withdrawals are usually processed on the same day if received by 11 am AEDT. Funds should reflect into your account between 1 – 5 business days for credit and debit cards depending on the card provider and between 2 – 5 business days for bank wires.
Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account.