What We Tested
- Account type: Zero Account ($1,000 starting balance for test)
- Platform: MT4 on VPS (latency ~15ms to NY4/LD4)
- Trading period: 6 months, 145 trades executed
- Pairs tested: EURUSD, AUDUSD, XAUUSD
- Withdrawal tests: 3 successful (card, bank wire, crypto/USDT)
- Support tests: 5 inquiries via live chat
Testing focused heavily on verifying the "lowest cost" claims by comparing total fees (spread + commission) against competitors like IC Markets and Pepperstone.
Regulation & Safety
Fusion Markets holds oversight from a Tier-1 regulator, complemented by offshore entities for global reach:
- ASIC (Australia) – AFSL No. 226199: Tier-1 regulation, client fund segregation, strict compliance
- VFSC (Vanuatu) – Offshore entity for non-ASIC/FSA clients, offering higher leverage (up to 1:500)
- FSA (Seychelles) – License No. SD096: Offshore entity, provides intermediate oversight
Spreads & Execution
| Pair | Zero Avg Spread | Classic Avg Spread | Commission (Zero) |
|---|---|---|---|
| EUR/USD | 0.1 pips | 1.0 pips | $4.50/lot RT |
| GBP/USD | 0.3 pips | 1.2 pips | $4.50/lot RT |
| AUD/USD | 0.1 pips | 1.0 pips | $4.50/lot RT |
| XAU/USD | 12 pips | 20 pips | $4.50/lot RT |
Spreads measured during London/NY overlap. Zero Account charges raw spread + low commission; Classic Account includes markup, no commission.
Execution Quality (Tested)
- Median fill time: ~11-18ms (VPS to market servers)
- Slippage (majors): +0.4 pips average, mostly neutral or positive (favorable fills)
- Requotes: <0.5% of orders (negligible in Zero Account)
- Order rejection rate: <0.3% (very low)
Execution is highly competitive. While not quite as fast as IC Markets' 3-6ms, the extremely low commission offsets the minor speed difference, making the total cost of execution highly attractive for scalpers.
Lowest Commission: $4.50 RT (Industry Leading)
Fusion Markets offers institutional-grade commission rates to retail traders:
- Zero Account: $4.50 USD per round turn lot ($2.25 per side)
- Industry Average: $7.00 USD per round turn lot ($3.50 per side)
- Savings: You save 35% on commission compared to major rivals like IC Markets and Pepperstone.
This tiny difference ($2.50 per lot) translates to significant savings for active traders. Trading 100 lots per month saves you $250. This is the broker's primary competitive advantage.
Account Types & Fees
Zero Account
- Min deposit: $0 (recommended $200+)
- Spreads: From 0.0 pips (raw ECN)
- Commission: $4.50/lot RT (industry low)
- Leverage: Up to 1:500 (ASIC: 1:30)
- Best for: Scalpers, EAs, cost-sensitive traders
Classic Account
- Min deposit: $0 (recommended $50+)
- Spreads: From 0.9 pips (markup included)
- Commission: $0
- Leverage: Up to 1:500 (ASIC: 1:30)
- Best for: Beginners, swing traders, simple pricing
Other Fees
- Deposit fees: $0 (all methods: card, wire, crypto, PayPal)
- Withdrawal fees: $0 (broker covers fees on most methods)
- Inactivity fee: None (genuinely $0 inactivity fees)
- Swap rates: Competitive; Islamic accounts available (swap-free)
Deposits & Withdrawals (Tested)
We tested 3 withdrawal methods over 6 months:
| Method | Amount | Processing Time | Fees | Notes |
|---|---|---|---|---|
| Credit Card | $200 | 1 business day | $0 | Fast approval, reliable |
| Bank Wire | $500 | 2 business days | $0 | Broker covers fees; standard bank delay |
| Crypto (USDT) | $150 | 3-6 hours | $0 | Fastest method tested (TRC-20/ERC-20) |
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Disclaimer: The information provided in our rankings is based on real-money testing and verified logs. This is not financial advice. Automated trading involves significant risk of capital loss. Always trade responsibly.
Platforms & Tools
- MetaTrader 4 & 5: Full desktop, mobile, web versions. Stable API for EAs and custom indicators.
- TradingView Integration: Trade directly from TradingView charts with Fusion execution (excellent feature).
- Fusion+ Copy Trading: Proprietary social/copy trading platform for following successful traders.
- VPS Hosting: Available for qualifying clients (usually requiring volume/balance commitment).
Our Take: Platform selection is strong due to the addition of TradingView integration—a major plus for manual chartists. MT4/MT5 remain stable for EAs. Fusion+ offers useful social trading features.
Customer Support (Tested)
We contacted Fusion Markets support 5 times via live chat and email:
- Live Chat: 24/5, average response time ~2 minutes, knowledgeable and responsive
- Email: Responses within 4-12 hours, adequate technical detail
- Quality: Support quality is high. They were fast to answer questions related to commission tiers and ASIC regulation, showing good product knowledge.
Support is responsive and efficient. For a discount broker, the quality of human interaction is surprisingly high, putting them ahead of many competitors in the same price tier.
PROS
- Extremely low commission ($4.50 RT) and tight spreads (0.1 pips EUR/USD)
- ASIC regulation provides strong investor protection
- Zero minimum deposit and no inactivity fees
- Free deposits and withdrawals across all major methods (including crypto)
- TradingView integration (excellent for technical traders)
- Segregated client funds in Australian banks
- Fast execution and reliable order fills
CONS
- Lighter regulation (VFSC/FSA) for international clients
- Lack of proprietary research tools and in-depth market analysis
- Lower leverage cap (1:30) for ASIC clients (regulatory standard)
- Fewer stocks/shares CFDs compared to IG or CMC Markets
Who Should Use Fusion Markets?
- Great fit: Experienced scalpers, EAs/Algo traders, and cost-sensitive high-volume traders for whom every tenth of a pip matters.
- Good fit: Traders transitioning from spread-only accounts looking for a low-cost, fully ECN environment.
- Maybe: Beginners, due to the low minimums, but they must understand the commission structure.
- Not ideal: Traders who rely heavily on in-depth market research, educational videos, or tier-1 compensation schemes (CySEC/FCA FSCS).
Final Verdict
Fusion Markets has successfully positioned itself as a leading low-cost ECN broker. By stripping away unnecessary features, they deliver razor-thin spreads and a remarkably low commission of $4.50 RT. This combination is highly competitive, rivaling industry giants like IC Markets on total trading cost.
The ASIC regulation provides a solid foundation of trust. The execution is fast, the spreads are raw, and the most critical point—the total cost per trade—is nearly unmatched in the retail ECN space.
While the platform lacks some advanced research and educational depth compared to a broker like OANDA, the integration of TradingView and their highly responsive support more than compensates for this for active traders.