Fusion Markets Review 2026
Fusion Markets is an Australia-founded low-commission ECN-style broker with ASIC AFSL 385620 plus international FSA Seychelles and VFSC entities.
- 70 / 100
- Compliant
- Australia
- ASIC
- FSA Seychelles
- VFSC
- Min. Deposit
- $0
- Max. leverage
- 1:30 retail AU; higher offshore
- Spread From
- 0.0 pip
- Commission
- $4.50/lot
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader and TradingView where offered.
Key features
- FMGP Trading Group Pty Ltd AFSL 385620
- Published low USD round-turn commission on raw accounts
- No minimum deposit on the Australian product pages
- MT4/MT5 focus for active FX traders
Regional coverage
Australian residents should confirm the AFSL 385620 company. Many international clients are onboarded under offshore entities with higher leverage and weaker protection.
Investor protection
ASIC clients follow Australian retail CFD rules and AFCA dispute access. FSA Seychelles and VFSC accounts do not have FSCS/ICF-style compensation.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FSA Seychelles · License No. SD096
Fusion Markets International Ltd · Global / International
VFSC · License No. 40256 (company no.)
Gleneagle Securities Pty Limited (t/a Fusion Markets) · Global / International
Trading conditions
- Min. Deposit
- $0
- Spread From
- 0.0 pip Raw
- Commission
- $4.50/lot
- Max. leverage
- 1:30 retail AU; higher offshore
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader and TradingView where offered.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Advertises raw / 0.0-pip pricing on at least one account path.
- Published minimum deposit is $0, which is usable for a small live test.
- Islamic / swap-free accounts are published as available in supported regions.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
Usually not for
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.