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Ad High risk: most retail CFD accounts lose money. We never tell you to trade, so read Fusion Markets's disclosures first. Our promise
Fusion Markets is a Melbourne-founded low-cost broker: no minimum deposit, a Zero account at $2.25 a side, MT4, MT5, cTrader and TradingView, and no Fusion fees on deposits or withdrawals, 85% of which it processes in under an hour. Clients outside Australia join its Seychelles or Vanuatu company.
Written byAbir KhanWriterWrites the guides · checks every figure against primary sources View profileAbout Abir →
Market analysis byTanbir Habib RiyadForex & Crypto AnalystForex and crypto analyst · technical and fundamental analysis View profileAbout Tanbir →
Fact-checked byJannatul FerdaushFact-Checker & Risk AnalystFact-checks every figure · risk analysis · Applied Statistics, University of Dhaka View profileAbout Jannatul →
Reviewed byJowel RanaForex TraderForex trader · reviews guides from a trader's view View profileAbout Jowel →
Approved byRanjan N. MondolForex TraderForex trader · signs off every guide View profileAbout Ranjan →An FX Recap team effort, from Abir Khan to Ranjan N. Mondol
| Companies | Fusion Markets International, FSA Seychelles SD096 · Gleneagle Securities Pty Limited, VFSC Vanuatu (company 40256) · ASIC AFSL 385620 (Australia) |
|---|---|
| Minimum deposit | None; payment methods start from $1–$50 |
| EUR/USD spread | Zero: from 0.0 pips (average 0.01) · Classic: about 0.9 pips higher |
| Commission | Zero: $2.25 per lot per side ($4.50 round turn) · Classic: none |
| Maximum leverage | Up to 1:500 on forex and metals (Seychelles and Vanuatu clients), lower as equity grows |
| Platforms | MT4, MT5, cTrader, TradingView |
| Fees to watch | Swap-free admin fees per 7 days · up to $10 a year inactivity fee after 12 months (client agreement) |
| Support | 24/7 by live chat, email and phone |
| In business | Founded 2017, trading since June 2019 |
| Not accepted | US, Japan, New Zealand, Spain, Ontario, Russia, Ukraine, Iran and others |
Two things decide whether you can trade: the broker must accept your country, and your own country's law must allow you to trade with a foreign broker. A broker accepting you does not make it legal where you live, so check both.
Your country
No country found
Ontario (Canada) is also excluded.
What traders get
What to watch
Ten parameters, weighted the same way for every broker. The share shows how much each one counts towards the score; the label is what we found for Fusion Markets.
A regulator licenses brokers and supervises how they treat clients. Top-tier regulators such as the FCA (UK), ASIC (Australia) and CySEC (EU) set strict rules on client money, leverage and complaints; offshore regulators set lighter ones. Most brokers run several companies, and the one named in your client agreement decides which rules protect you. Negative balance protection means you cannot lose more than the money in your account.
Fusion Markets uses different companies for different clients, and the one you join decides your regulator. Pick your region:
The Reserve Bank of India's Alert List (updated 19 November 2025) names Fusion Markets (fusionmarkets.com) at entry 92, among platforms not authorised to deal in forex in India.
Fusion Markets does not accept residents of the US and its territories, Japan, New Zealand, Spain, Ontario, Russia, Ukraine, Iran, Iraq, Syria, North Korea and several other countries.
Fusion's pages name no compensation scheme. Founded in November 2017 and trading since June 2019, Fusion says it is 50% owned by an institutional FX broker. Check the company named in your client agreement.
Is Fusion Markets regulated? Full check →Before you can trade or withdraw, a broker must check who you are. This is called KYC, short for "know your customer". You usually upload a photo ID and a recent bill or bank statement showing your address. Practise on a demo account with virtual money before you deposit real money.
Two-factor authentication becomes mandatory after your first deposit and is needed for every withdrawal. Demo accounts run 30 days and are extended free once a live account is funded.
Step-by-step account guide →The spread is the gap between the buy and sell price, and it is the main cost on accounts without commission. A pip is the fourth decimal on most currency pairs (0.0001); on one standard lot of EUR/USD, 1 pip is worth about $10. Raw and ECN accounts have tighter spreads but add a fixed commission per lot, so always compare the total cost.
Zero charges $2.25 per lot per side on raw spreads; Classic adds about 0.9 pips to the spread and charges no commission. Slide to your size for EUR/USD.
Uses Fusion's average EUR/USD spread (1–5 June 2026), Classic's roughly 0.9-pip mark-up, $10 per pip per standard lot and Zero's $4.50 round-turn commission. Live spreads float. Swaps are extra on positions held overnight.
| Cost | What Fusion Markets charges |
|---|---|
| Commission | Zero: $2.25 per lot per side on MetaTrader; cTrader $2.25 per $100,000 per side. Classic: none. Index and crypto CFDs: $0. |
| Deposits and withdrawals | No Fusion fee. Banks in the middle of an international wire may take $20–$30. |
| Small-trading charge | Merchant fees may be passed on if you deposit and withdraw without significant trading. |
| Inactivity | Up to $10 a year after 12 months, under the FSA client agreement. Empty accounts are archived after 90 days. |
| Swap-free | An admin fee per lot every 7 days instead of swaps (see below). |
| Broker | Spread | Commission | Per lot |
|---|---|---|---|
| RoboForexECN | 0.0 pipsfrom+ $20 per $1M (≈ $4.34 a lot) | $20 per $1M (≈ $4.34 a lot) | $4.34 |
| Fusion MarketsZero | 0.01 pipsaverage+ $2.25 a side | $2.25 a side | $4.60 |
| LiteFinanceECN | 0.0 pipsfrom+ $5 a lot | $5 a lot | $5.00 |
| TickmillRaw | 0.0 pipsfrom+ $3 a side | $3 a side | $6.00 |
| VantageRaw ECN | 0.0 pipsfrom+ $3 a side | $3 a side | $6.00 |
| Elev8Standard | 0.6 pipsfromno commission | None (in the spread) | $6.00 |
| ExnessRaw Spread | 0.0 pipsfrom+ Up to $3.50 a side | Up to $3.50 a side | up to $7.00 |
| FP MarketsRaw | 0.1 pipsaverage+ $3 a side | $3 a side | $7.00 |
| FXTMAdvantage | 0.0 pipsfrom+ $3.50 a side | $3.50 a side | $7.00 |
| IUXRaw | 0.0 pipsfrom+ $7 a lot | $7 a lot | $7.00 |
| PepperstoneRazor | 0.0 pipsfrom+ $3.50 a side | $3.50 a side | $7.00 |
| XMUltra Low | 0.8 pipsfromno commission | None | $8.00 |
| IC MarketsRaw Spread | 0.1 pipsaverage+ $3.50 a side | $3.50 a side | $8.00 |
| AvaTradeStandard | 0.8 pipstypicalno commission | None | $8.00 |
One standard lot (100,000 units) opened and closed, using each broker's cheapest published EUR/USD pricing: spread × $10 plus the round-turn commission. "From" spreads are best-case, so live costs at those brokers are usually higher than shown; "average" and "typical" are the brokers' own published averages. Swaps are not included. Sources: each broker's own site, checked between 30 September and 19 October 2026.
A swap is interest you pay or earn when you keep a trade open past the daily rollover, because a currency trade borrows one currency to buy another. Many brokers charge three days on Wednesday to cover the weekend. An Islamic or swap-free account removes this interest, sometimes with a fixed admin fee instead.
| Overnight financing | Charged at 00:00 server time (17:00 New York), including on crypto CFDs. |
|---|---|
| Swap-free account | MT4 and MT5 only, EUR/USD from 1.4 pips, no commission, over 50 instruments. Apply through support. |
| Admin fee (per lot, per 7 days) | EUR/USD $50 · GBP/USD $20 · USD/JPY $150 · AUD/USD $30 · USD/CHF $100 · gold $200 · US30 $50 |
| Rules | You cannot mix swap-free and swap-charged accounts, and Fusion may convert an account it believes is abusing swap-free status. |
A standard lot is 100,000 units of currency, a mini lot 10,000 and a micro lot 1,000. A cent account shows your balance in cents, so you can trade very small sizes while you learn. Standard accounts usually cost more in spread; raw accounts cost less in spread but charge commission.
No minimum
No minimum
No minimum
Switch between Zero and Classic by emailing support. 14 base currencies including USD, EUR, GBP, AUD, JPY, SGD and THB. Margin call at 90%, stop out at 20%. Orders from 0.01 to 100 lots.
Fusion Zero account explained →Leverage lets you open a bigger position with less money: at 1:100, $100 controls $10,000. It multiplies losses exactly as much as profits. Margin is the money held to keep a trade open; at the margin call level you are warned, and at the stop out level the broker starts closing your trades. Most beginners are safer with low leverage.
Forex and metals for Seychelles and Vanuatu clients. Indices go up to 1:100. Fusion's FAQ gives 1:10 on crypto, but its crypto page shows different figures, so confirm in the Client Hub.
How Fusion Markets leverage works →MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used trading platforms; MT5 is newer, with more markets and tools. cTrader and TradingView are popular for their charts. Expert advisors (EAs) are programs that trade automatically on MetaTrader.
Windows, Mac, mobile and WebTrader. Zero or Classic.
21 timeframes, 80+ analysis objects, depth of market and MQL5.
Zero account only: 26 timeframes, 80+ indicators, cAlgo and up to 2,000 positions.
Zero account via cTrader; Pine Script instead of EAs. Forex, metals, indices, energy and softs.
Server in New York; server time GMT+2 (GMT+3 in summer).
Fusion Markets platforms compared →Most of what brokers offer are CFDs (contracts for difference): you trade the price of gold, an index, a share or a coin without owning it. Spreads differ from market to market and usually widen around big news and when markets open.
| Market | Min / average spread | Commission |
|---|---|---|
| ForexEUR/USD | 0.00 / 0.01 | Zero: $2.25 a side |
| ForexUSD/JPY | 0.00 / 0.04 | Zero: $2.25 a side |
| IndicesAUS200 · GER40 | 1.0 / 1.47 · 0.8 / 1.32 | $0 |
| Crypto, 24/7Bitcoin · Ether | From 0.04% · from 0.09% | $0 |
| US sharesShare CFDs on MT5 | Market spread | Close-only before earnings |
Fusion lists 250+ products. Crypto CFDs pay no staking rewards.
Crypto trading with Fusion Markets →Market execution fills your order at the best price available, which can be slightly different from the price you clicked; that difference is called slippage. Scalping means holding trades for seconds or minutes. A VPS is a remote computer that keeps your platform and EAs running when your own computer is off.
| Model | Market execution with no dealing desk. |
|---|---|
| Speed | Fusion's FAQ gives an average of 37 ms, a figure dated August 2023. We have not tested it. |
| Styles allowed | Scalping, hedging and expert advisors. Latency and swap arbitrage are prohibited. |
| Limits | 100 lots per order and 200 orders including pending (cTrader 2,000 positions). |
| Free VPS | When you trade more than 20 lots of forex or metals in 30 days; otherwise a 25% discount. |
Copy trading automatically copies another trader's positions into your account. Their past results do not guarantee future ones, and you pay them through a profit share or a wider spread. Start with a small amount and keep a stop loss.
| Fusion+ | Free when master and follower each trade 2.5+ lots of forex or metals in 30 days, otherwise $10 a month. Performance fee up to 30%. Fusion clients only; not on cTrader; no demo. |
|---|---|
| DupliTrade | Third-party copy service for MT4 accounts. |
| MAM / PAMM | $5,000 per follower account, three funded followers and a 3-month track record. |
To stop money laundering, brokers usually send withdrawals back to the card, bank or wallet you deposited from, and only to an account in your own name. You must be verified to withdraw, and your bank or payment provider can add its own time and fees.
E-wallets and crypto arrive instantly once processed; local bank transfers 1–2 business days; wires 3–5 (minimum $35). PayPal is not available in some countries, including India, Indonesia and Nigeria.
Fusion Markets withdrawals explained →A deposit bonus is usually trading credit, not cash. It adds margin to your account, but you cannot withdraw it, only the profits you make, and often only after trading a set volume. Read the terms before you accept one.
Fusion Markets offers no deposit bonus. Refer a Friend pays up to $500 per referral, split between you and your friend, or up to 15% lower commission; the invitation-only Premium Program pays rebates from 15.11%. Example: a friend deposits $500 and you each get $50; at $5,000 you each get $250, paid within 24 hours of meeting the trading requirement.
| Hours | 24/7 |
|---|---|
| Channels | Live chat, help@fusionmarkets.com and phone +61 3 8376 2706 |
| Not used | Fusion says it gives no support on Telegram, WhatsApp or any channel not listed on its website |
| Test | Date | Result |
|---|---|---|
| Account and company | Registered 20 Apr 2026 | Our profile shows Verified Account and Trading With: Fusion Markets International Ltd, Seychelles SD096, the company we say most international clients join. An older live account sits under Inactive (deactivated, with a Reactivate button), and a new live account showed "Account is being created" until funded. |
| Demo account | 20 Oct 2026 | Our MT5 demo came with a $12,000 virtual balance. |
| Trade ideas and Sponsored VPS | 20 Oct 2026 | The client area includes analyst views for forex, crypto, commodities, indices and stocks, and a Trading Central technical screener. Sponsored VPS (MetaQuotes MT5 VPS, or NYC Servers for MT4, cTrader and TradingView) is refunded when you trade at least 20 lots of FX or metals in 30 days; otherwise the monthly fee applies. |




Tested and verified by Ranjan N. Mondol (Forex Trader) on Ranjan's own Fusion Markets account. Account numbers are blurred in screenshots, and we never publish an account's profit or loss.
| Fusion Markets | IC Markets | FP Markets | Tickmill | |
|---|---|---|---|---|
| FX Recap score | 4.25/5 | 4.9/5 | 4.75/5 | 4.5/5 |
| Minimum deposit | $0 | $0 (global) | $0 | $100 |
| Spread from | 0.0 pips | 0.0 pips | 0.0 pips | 0.0 pips |
| Max leverage | 1:500* | 1:5000* | 1:500* | 1:1000* |
| Best for | Low commissions with no minimum deposit | Raw spreads, scalping and cTrader | Raw pricing on cTrader and TradingView | Low raw costs under FCA and CySEC |
| Fusion Markets vs IC Markets → | Fusion Markets vs FP Markets → | Tickmill review → |
Fusion Markets is a low-cost choice for active traders: $4.50 a round turn on the Zero account, no minimum deposit, no Fusion payment fees, fast 24/7 withdrawals and all four major platforms. It is less suited to traders who want top-tier protection outside Australia, since international clients join the Seychelles or Vanuatu company, or to anyone needing an affordable swap-free account. Indian residents should note Fusion's place on the RBI Alert List.
We never tell you to trade, so read Fusion Markets's disclosures first. Our promise
What traders say about Fusion Markets in their own words. These ratings are separate from FX Recap's own score of 4.25, which comes from our review.
Traded with Fusion Markets?
About two minutes. We read every review before it is published.Fusion Markets lists licences from the FSA Seychelles, the VFSC Vanuatu and ASIC. None of them is the UK's FCA.
Yes. Fusion Markets International holds FSA Seychelles Securities Dealer licence SD096, Gleneagle Securities (trading as Fusion Markets) is regulated by the VFSC in Vanuatu, and the Australian company holds ASIC AFSL 385620. International clients join the Seychelles or Vanuatu company.
There is none. Payment methods have their own small minimums, usually $10.
$2.25 per lot per side, $4.50 a round turn, on the Zero account. Classic has no commission but spreads about 0.9 pips wider.
Fusion says 85% are processed in under an hour, 24/7, and the rest within one business day. E-wallets and crypto then arrive instantly; wires take 3–5 business days.
Fusion says 85% of withdrawals are processed in under an hour, but compliance checks can take up to one business day. Every withdrawal needs two-factor authentication, money goes only to accounts in your own name, and international wires take 3 to 5 business days.
Yes, on MT4 and MT5. Instead of swaps, you pay an admin fee per lot every 7 days, for example $50 on EUR/USD and $200 on gold.
Fusion Markets is on the Reserve Bank of India's Alert List (entry 92), which names platforms not authorised to deal in forex in India.
Fusion Markets does not accept residents of the United States, Japan, New Zealand, Russia, Afghanistan, Congo, Iran, Iraq and some other countries it lists. If your country is not on its list, the sign-up form gives the final answer; the country check on this page shows yours.
Is Fusion Markets Safe? Licences, Client Money and Who It Accepts
Fusion Markets Minimum Deposit: No Account Minimum, $10 by Most Methods
Fusion Markets Account Types: Zero vs Classic vs Swap-Free
How to Open a Fusion Markets Account: Steps, Documents and Verification
Fusion Markets Demo Account: 30 Days Free and How to Keep It Longer
Fusion Markets Zero Account: Raw Spreads and a $4.50 Commission Explained