Fusion Markets combines two main pricing models with several platform routes. The distinction that changes an invoice is the commission basis: MetaTrader quotes a dollar amount per lot, while cTrader calculates its charge from traded notional in the instrument’s base currency. This profile uses the international account menu and examines the Seychelles client agreement for the contractual detail.[1][2][3][8]
Company and service reference
| Measure | Value | Context |
|---|---|---|
| Origins | Founded in Melbourne in 2019 | Source 19 |
| Leadership | Phil Horner, founder and CEO | Source 18 |
| Main account models | Zero and Classic | Source 1Source 2 |
| Initial account balance | No minimum account size | Payment methods can impose their own minimum deposit.Source 1 |
| Support | 24 hours a day, seven days a week | Source 1 |
| International contract examined | Fusion Markets International Ltd, Seychelles | Source 8 |
Accounts and commission mechanics
Sections ↑Two pricing models
| Account | Published charging model | Practical difference |
|---|---|---|
| Zero on MetaTrader | Spreads from 0.0 pips; USD 2.25 per lot per side | USD 4.50 round turn for one standard lot, plus spread.Source 1 |
| Classic | Separate commission included in spread | Published FX rule: Zero spread plus 0.9 pips.Source 2 |
| Zero on cTrader | 2.25 per 100,000 traded notional per side | Charge starts in traded base currency, then converts to account currency.Source 3 |
| Swap-free option | Selected instruments; administration fee after seven days | Separate eligibility and instrument schedule; no mixing with swapped accounts.Source 16 |
The smallest account is not necessarily the smallest trade. Fusion’s account pages permit micro-lot forex trading, but minimum order sizes and contract multipliers differ across the product list. Account approval and funding also remain separate: a zero account minimum does not remove the minimum imposed by a card, bank or wallet provider.[1][5]
Worked transaction costs: equal-size FX examples
| Illustration | Opening and closing commission | Spread component |
|---|---|---|
| MetaTrader Zero: EUR 100,000 EUR/USD | USD 2.25 each side; USD 4.50 total | At an assumed 0.2-pip spread: USD 2; combined USD 6.50.Source 1 |
| MetaTrader Classic: same EUR/USD size | No separate commission | Assumed Zero 0.2 + markup 0.9 = 1.1 pips, or USD 11.Source 2 |
| cTrader Zero: EUR 100,000 EUR/USD | EUR 2.25 each side; EUR 4.50 total | Spread remains additional; convert commission into account currency.Source 3 |
| cTrader Zero: AUD 100,000 AUD/USD | AUD 2.25 each side; AUD 4.50 total | The same numerical lot size does not produce the same USD invoice.Source 3 |
Markets and platform choices
Sections ↑Product-specific costs and access
| Product | Published charging detail | Access or operating detail |
|---|---|---|
| Precious metals | cTrader: USD 2.25 per side for USD 100,000 notional | Notional-based cTrader metal commission changes with contract size and price.Source 3 |
| Equity index CFDs | No separate trading commission | Examples include S&P 500, Nasdaq and Hang Seng.Source 13 |
| Energy and soft commodity CFDs | Overnight financing applies to positions kept open | Energy and agricultural exposure; current funding rates appear in the platform.Source 14 |
| US share CFDs | Zero commission under a limited-time waiver | 110 US share CFDs on MT5; no monthly market-data fee.Source 15 |
Platform routes
| Route | What changes | Useful account detail |
|---|---|---|
| MT4 / MT5 | MetaTrader account and Expert Advisor environment | US share CFDs require MT5.Source 1Source 15 |
| cTrader | Desktop, browser and mobile; depth of market and automation | Zero accounts only on the published cTrader page.Source 3 |
| TradingView | Trading through the charting interface | Create a separate TradingView account in the Fusion Hub and use its credentials.Source 4 |
| Fusion+ | Copy another account’s transactions | Master and follower activity determine whether the monthly service fee is waived.Source 17 |
The US share route has its own corporate-action treatment. Fusion says long positions receive 70% of a declared dividend after withholding, while short positions incur the equivalent dividend debit. Financing is updated daily in MT5. The current share page describes its commission waiver as temporary, so zero commission should be treated as the presently advertised offer.[15]
Funding and withdrawals
Sections ↑Selected international deposit methods
| Method | Minimum | Published timing / broker fee |
|---|---|---|
| Bank wire | USD 10 equivalent | 1–5 business days / zero.Source 5 |
| Visa / Mastercard | USD 10 equivalent | Instant / zero.Source 5 |
| PayPal, Skrill or Neteller | USD 10 equivalent | Instant / zero; availability depends on country.Source 5 |
| PayID | AUD 1 | Instant / zero; AUD processing.Source 5 |
| Crypto | USD 10 equivalent | Instant listed / zero; USD or EUR processing accounts.Source 5 |
Withdrawal routes and stated minima
| Method | Minimum | Published method timing |
|---|---|---|
| Local bank transfer | USD 10 equivalent | 1–2 business days.Source 6 |
| International SWIFT wire | USD 35 equivalent | 3–5 business days.Source 6 |
| PayPal, Skrill or Neteller | USD 10 equivalent | Instant listed.Source 6 |
| Crypto | USD 10 equivalent | Instant listed.Source 6 |
Withdrawal requests are available around the clock. Fusion says most complete internal processing within an hour, although checks can extend processing to a business day and provider settlement may take longer. The destination must be in the client’s name. The broker reserves merchant-cost recovery when funds are deposited and withdrawn with no significant trading; multi-factor authentication is required for withdrawals.[6]
Holding costs and account maintenance
Sections ↑Charges beyond an opening spread
| Item | Published rule | Where it matters |
|---|---|---|
| Ordinary overnight funding | Instrument-specific debit or credit | Rates change; check the direction and symbol in the trading platform.Source 14Source 8 |
| Swap-free administration | Charged after a position has been open more than seven days | Amount depends on instrument; a 13-day holding incurs one charge in Fusion’s example.Source 16 |
| Seychelles inactivity | Up to USD 10 annually after 12 months without transactions | Right reserved by the 18 December 2025 agreement; not a monthly USD 10 charge.Source 8 |
| Fusion+ service | USD 10 monthly if the activity requirement is missed | Both master and follower must trade at least 2.5 FX/metals lots per month for the waiver.Source 17 |
| Fusion+ performance fee | Master can charge up to 30% | Separate from brokerage costs and the service-fee waiver.Source 17 |
A long holding period changes which price comparison matters. The small difference between Classic and Zero transaction costs can be overtaken by a sequence of financing debits or by the swap-free administration schedule. Fusion’s published average-spread footnote currently refers to 1–5 June 2026; it is a defined historical sample, not an October executable quote.[16][14][20]
Seychelles contract and client protections
Sections ↑How the examined Seychelles terms work
| Mechanism | Specific provision | Effect |
|---|---|---|
| Client money | Kept separate from the company’s own accounts | Agreement also allows transfers for transactions or collateral to third parties.Source 8 |
| Margin close-out | Discretionary below 100%; automatic at or below 50% | Measured against required margin; closes the most unprofitable position first.Source 8 |
| Negative balance policy | Discretionary waiver for eligible clients notified in writing | 23 July 2026 policy does not create an automatic contractual entitlement.Source 9 |
| Waiver exclusions | Abuse, pricing errors and other specified circumstances | Protection is assessed per account and is subject to the policy conditions.Source 9 |
| Withdrawal during NBP review | May be held for up to 10 business days for assessment | Formal investigations can take longer under the policy’s notification rules.Source 9 |
The distinction between segregation and the negative-balance policy is practical. Segregation concerns how deposited money is held; the waiver policy concerns a debt after trading losses. Fusion’s policy requires an eligibility decision and contains exclusions, so the existence of segregated client accounts does not itself establish that every trading deficit will be cancelled.[7][9]
Company development and published scale
Sections ↑History and the scope of scale claims
| Period | Company-reported development | Meaning |
|---|---|---|
| 2019 | Phil Horner began building the service in January; David Swinden joined as COO after launch | The company’s account of its Melbourne beginnings.Source 19 |
| Fifth anniversary, 2024 | More than USD 130 billion in monthly trading volume; tens of thousands of clients | Self-reported activity at that time; not revenue or client assets.Source 19 |
| Current leadership page | Phil Horner remains named founder and CEO | Role disclosed by the company when checked on 9 October 2026.Source 18 |
The anniversary account describes expansion from a coworking office into larger Melbourne premises and the addition of MT5, copy trading, cTrader and TradingView. Its turnover figure gives a dated view of trading activity. It is not an audited earnings statement, and it does not establish the present balance sheet of the Seychelles issuer.[19]
Company background & evidence
Sections ↑- Headquarters
- Melbourne, Australia; international issuers in Seychelles and Vanuatu
- Founded
- 2019
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Fusion Markets International Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Services Authority SeychellesSD096 | Authorised | Checked 9 Oct 2026Company and domain appear in the FSA regulated-entities directory; SD096 is stated on the issuer agreement cover.Source 10Source 8 |
Gleneagle Securities Pty Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Vanuatu Financial Services Commission40256 | Authorised | Checked 9 Oct 2026The VFSC list identifies this company as Active with classes A, B and C; the broker identifies Fusion Markets as a trading name.Source 11Source 7 |
FMGP Trading Group Pty Ltd
AustraliaSource 7
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments Commission385620 | Not verified | Checked 9 Oct 2026AFSL number disclosed by Fusion Markets for Australian clients. An entity-specific current ASIC record was not inspected for this profile.Source 7 |
Sources & further reading
- Zero trading account Fusion Markets · Accessed 9 Oct 2026
- Classic trading account Fusion Markets · Accessed 9 Oct 2026
- cTrader platform and commission calculation Fusion Markets · Accessed 9 Oct 2026
- TradingView account connection Fusion Markets · Accessed 9 Oct 2026
- Deposit methods, minima and processing Fusion Markets · Accessed 9 Oct 2026
- Withdrawal methods and processing Fusion Markets · Accessed 9 Oct 2026
- Regulations and current legal documents Fusion Markets · Accessed 9 Oct 2026
- Seychelles client services agreement, 18 December 2025 Fusion Markets International Ltd · 18 Dec 2025 · Accessed 9 Oct 2026
- Seychelles and Vanuatu negative balance protection policy Fusion Markets · 23 Jul 2026 · Accessed 9 Oct 2026
- Regulated entities: capital markets Financial Services Authority Seychelles · Accessed 9 Oct 2026
- Financial dealers licensee list Vanuatu Financial Services Commission · Accessed 9 Oct 2026
- Precious metals trading Fusion Markets · Accessed 9 Oct 2026
- Equity index CFDs Fusion Markets · Accessed 9 Oct 2026
- Energy and soft commodities Fusion Markets · Accessed 9 Oct 2026
- US share CFDs: platform, charges and dividends Fusion Markets · Accessed 9 Oct 2026
- Swap-free accounts and administration charges Fusion Markets · Accessed 9 Oct 2026
- Fusion+ copy trading conditions Fusion Markets · Accessed 9 Oct 2026
- Who we are: founder and chief executive Fusion Markets · Accessed 9 Oct 2026
- Fusion Markets celebrates five years Fusion Markets · Accessed 9 Oct 2026
- Trading conditions and spread measurement period Fusion Markets · Accessed 9 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.