Fusion Markets review
Details checked 27 Sept 2026. Always confirm current terms on the broker's site.
Our verdict
Fusion Markets is an Australian low-cost broker with some of the tightest gold spreads measured and a low $4.50 round-turn commission. International clients, including Indian residents, are served by its Vanuatu entity, and the brand is on the RBI Alert List.
Fusion Markets launched in 2017 and is based in Melbourne. Australian clients are covered by ASIC, but international clients, including those from India, are onboarded through Gleneagle Securities, regulated by the Vanuatu Financial Services Commission, with a Seychelles entity also listed. Its main selling point is cost. On the Zero account, BrokerChooser measured the gold spread at about $0.03 in September 2026, the lowest in its dataset, with a commission of $2.25 per side ($4.50 round turn) per lot. The Classic account builds costs into the spread, but a typical gold figure is not published. Platforms include MT4, MT5, cTrader and TradingView, and there is no minimum deposit or inactivity fee. Swap-free accounts are available. Leverage on gold is capped at 1:20 for ASIC retail clients but can reach 1:500 offshore, which increases risk. There is no investor compensation scheme, and negative balance protection is clearly stated only for the ASIC entity. BrokerChooser confirms Indian residents can open accounts, but Fusion Markets is named on the RBI Alert List. It suits experienced, cost-sensitive gold traders who understand the trade-off of offshore regulation.
Pros
- Among the lowest measured gold spreads (~$0.03) with $4.50 round-turn commission
- MT4, MT5, cTrader and TradingView supported
- No minimum deposit and no inactivity fee
- ASIC licence for Australian clients
- Swap-free account available
Cons
- Listed on the RBI Alert List ('Fusion Markets', entry 92)
- Indian and most international clients are served by the VFSC (Vanuatu) entity with weaker protections
- No investor compensation scheme
- Limited education and research
Key facts
| Founded | 2017 |
|---|---|
| Headquarters | Melbourne, Australia |
| Regulators | ASIC (Australia) (Tier-1); VFSC (Vanuatu) - Gleneagle Securities Pty Ltd t/a Fusion Markets; FSA Seychelles |
| Gold (XAUUSD) available | Yes |
| Gold spread, standard account | not published (Classic account) |
| Gold spread, raw/ECN account | ~$0.03-0.04 average on Zero account (BrokerChooser Sept 2026; DailyForex) |
| Commission, raw account | $2.25 per side ($4.50 round turn) per lot |
| Max gold leverage (offshore entity) | Up to 1:500 (VFSC/FSA) |
| Max gold leverage (Tier-1 entity) | 1:20 (retail, ASIC) |
| Minimum trade size | not published |
| Platforms | MT4, MT5, cTrader, TradingView |
| Minimum deposit | $0 |
| Account types | Zero (raw + commission), Classic (spread-only), Swap-free, Demo |
| Indian deposit methods | Not published (UPI not listed); cards, bank transfer, e-wallets, crypto |
| Accepts clients from India | Yes |
| Negative balance protection | Yes for ASIC clients; offshore not published |
| Segregated client funds | Yes |
| Investor compensation | None |
| Swap-free account | Yes |
| On RBI Alert List | Yes: 2025-11-19 (latest RBI update; checked 2026-09-27) |
Member reviews
Sources used for this review
- compareforexbrokers.com/reviews/fusion-markets/
- brokerchooser.com/broker-reviews/fusion-markets-review
- brokerchooser.com/broker-reviews/fusion-markets-review/xauusd-spread
- brokerchooser.com/broker-reviews/fusion-markets-review/fusion-markets-india
- fxscouts.com/in/broker/fusionmarkets/
- fusionmarkets.com/Trading/Trading-conditions
- dailyforex.com/forex-brokers/best-forex-brokers/gold-trading
- rbi.org.in/scripts/bs_viewcontent.aspx?Id=4235
We may earn a commission if you open an account through links on this page; it never changes the score. This review is Tradedge Pulse's opinion, not investment advice.