Fusion Markets is a foreign exchange and contract for difference (CFD) broker that was registered and established in Australia on August 31, 2010. The company primarily offers financial trading services to investors in forex, precious metals, stock indices, energy and soft commodities, and U.S. stock CFDs. The company is headquartered in Melbourne. Fusion Markets' official website provides services in multiple languages, including English, Simplified Chinese, Indonesian, Thai, Japanese, and Spanish. Fusion Markets does not offer its services to countries or jurisdictions where it may violate local laws and regulations, such as Afghanistan, Congo, Iran, Iraq, Myanmar, New Zealand, North Korea, Palestine, Russia, Somalia, Sudan, Syria, Ukraine, Ontario, Yemen, the United States, or its territories.
Company Background and Regulatory Status:
The registered entity for Fusion Markets in Australia is FMGP TRADING GROUP PTY LTD, formerly known as GLOBAL PRIME PTY LIMITED. It changed its name to the current one on August 15, 2023. The company's registered address is in Sydney, NSW 2000, and its Australian Business Number (ABN) is 74 146 086 017. This entity is authorized and regulated by the Australian Securities and Investments Commission (ASIC) since May 1, 2011, with license number issued on the same date.
Fusion Markets' entity registered with the Vanuatu Financial Services Commission (VFSC) is GLENEAGLE SECURITIES PTY LIMITED, registered on April 19, 2017. The company's registered address is Govant Building, Kumul Highway, 1st Floor, Port Vila, Vanuatu. This entity was authorized and regulated by VFSC on January 6, 2023, with license number 40256.
The entity registered in Seychelles is FUSION MARKETS INTERNATIONAL LTD, with its registered address at CT House, Office 4C, Providence, Mahe, Seychelles, and its corporate registration number as C8429725. This entity is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD096.
Account Opening:
To open an account with Fusion Markets, you need to register on their official website. During registration, you will need to provide your personal email and set a login password. After submission, you can log in to your personal account. Once logged in, you will be prompted to complete the identity verification process. Click on "VERIFY NOW" to initiate the verification.
The identity verification process involves several steps. First, you need to provide your name, date of birth, residential city, detailed address, postal code, and other information. Then, select the type of account you want to open, the base currency for trading, and set a verification passphrase. In the third step, you'll be required to upload identification and proof of address documents. Finally, you wait for the verification process, and the broker will notify you via email whether your information has been successfully verified. Once verified, you can open a real account.
Account Types:
Fusion Markets offers users a demo account and two types of real accounts: the Zero Account and the Classic Account.
The Zero Account offers spreads starting from 0 pips and charges a single-side trading commission of $2.25, with a round-turn trading commission of $4.5. The minimum deposit requirement is $0, and it allows micro-lot trading.
The Classic Account offers spreads starting from 0.9 pips and does not charge any trading commission. The minimum deposit requirement is $0, and it also allows micro-lot trading.
Trading Platforms:
Fusion Markets provides users with the MT4, MT5, and CTrader trading platforms, available on web, desktop, and mobile.
Deposits and Withdrawals:
Fusion Markets supports various payment methods, including Visa, MasterCard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, blockchain, or bank wire transfers. They do not charge any fees for these transactions. Users in regions such as the Philippines, Thailand, Malaysia, Indonesia, Vietnam, South Korea, Chile, Peru, Ecuador, Costa Rica, Mexico, and Colombia can also deposit through local bank transfers.
Summary:
At present, Fusion Markets is marked as "operating normally" on Traderknows.
