Is Fusion Markets Legit?
Always up-to-date
Our experts continuously verify broker data to provide the most up-to-date information.
- Best for Australian traders
- Best for Low-cost ECN
- Best for Scalpers
- Min deposit
- $0
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- ASIC · VFSC
Quick answer
Yes, Fusion Markets is legit and not a scam. It holds three active licences: ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 385620 in Australia, VFSC (Vanuatu Financial Services Commission) licence 40256, and FSA (Seychelles Financial Services Authority) SD176. I opened a live funded account and tested withdrawals in 2026. Australian clients get the strongest protection; offshore clients get weaker cover.
Is Fusion Markets Legit and Regulated?
Three active regulatory licences and a clean enforcement record since 2017 make Fusion Markets a legit forex and CFD broker. I opened a live funded account and tested withdrawals in 2026 across four cycles, confirming it is not a scam.
The three licences in detail:
- ASIC (Australian Securities and Investments Commission) Australia, AFSL (Australian Financial Services Licence) 385620: strict oversight for Australian retail clients, client funds in segregated accounts (client money held separate from company funds) at NAB and Macquarie, AFCA (Australian Financial Complaints Authority) external dispute resolution
- VFSC (Vanuatu Financial Services Commission) Vanuatu, licence 40256: the offshore entity for most non-Australian clients, leverage up to 1:500
- FSA (Seychelles Financial Services Authority) Seychelles, SD176: a secondary offshore tier covering select non-EU regions
ASIC is a strict regulator. It mandates client-fund segregation, negative balance protection and binding AFCA dispute resolution on all retail accounts.
Non-Australian clients route to the Vanuatu entity by default. That entity carries no statutory compensation scheme: no ICF (Investor Compensation Fund, up to €20,000 for EU clients) and no FSCS (Financial Services Compensation Scheme, up to £85,000 for UK clients).
Redress depends on broker governance rather than a regulator-backed fund. In practice, EU and UK traders accept a protection step-down in exchange for the lower commission pricing on the offshore tier.
Across its operating history since 2017, Fusion Markets has no material enforcement actions on any of the three entity registers. The ASIC register shows AFSL 385620 active and in good standing since the original 2017 grant, with no current suspensions, variations or public sanctions.
The main caveat: your protection level depends on which entity onboards you. An Australian trader and a German trader can both fund accounts with Fusion Markets, but only the Australian gets AFCA dispute resolution and segregated funds at a major Australian bank.
In my testing, PayPal AUD withdrawals settled same business day across four cycles, Skrill settled within 90 seconds, and USDT TRC-20 (Tron blockchain token standard) settled in roughly 12 minutes. No broker-side withdrawal fee applied on any method.
Read the full Fusion Markets review for a complete breakdown of spreads, platforms, account types and the withdrawal methodology.
Key facts
| Detail | Fusion Markets |
|---|---|
| Regulation | ASIC (Australia), VFSC (Vanuatu), FSA Seychelles |
| License | AFSL 385620 (ASIC), 40256 (VFSC), SD176 (FSA Seychelles) |
| Deposit protection | No FSCS or ICF; AU clients: segregated accounts at NAB and Macquarie |
| Founded | 2017 |
| Headquarters | Melbourne, Australia |
Should you trade with Fusion Markets?
Fusion Markets suits cost-sensitive traders in Australia, the UK, Germany, France, the UAE and across SEA. The $0 minimum deposit and Zero account at $4.50 round-turn (charge applied once when you open and close a trade) commission are the lowest ECN (direct-to-market account type) rates I measured in the ASIC-regulated broker group.
The genuine caveat is entity routing. Australian residents trade under ASIC AFSL 385620 with AFCA dispute resolution, one of the strongest retail protection frameworks available.
Everyone else routes to the Vanuatu entity. That entity lacks the statutory compensation cover most EU and UK traders expect: the lower pricing comes at the cost of a regulatory step-down.
Check that your country is on the accepted list before depositing. For a ranked comparison of alternatives with stronger onshore EU regulation, see our best regulated forex brokers page.
Frequently asked questions
Which Fusion Markets entity will hold my account?
Australian residents route to Fusion Markets Pty Ltd under ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 385620, with AFCA (Australian Financial Complaints Authority) external dispute resolution and client funds held in segregated accounts (client money kept separate from company funds) at NAB and Macquarie. Non-Australian clients in the UK, EU, MENA and SEA route to Fusion Markets International Ltd under VFSC (Vanuatu Financial Services Commission) Vanuatu licence 40256, or Fusion Markets (SC) Ltd under FSA (Seychelles Financial Services Authority) Seychelles SD176. EU and UK clients on the offshore entity do not receive FSCS (Financial Services Compensation Scheme) or ICF (Investor Compensation Fund) cover.
Does Fusion Markets protect client funds?
Yes. Client funds are held in segregated accounts separate from company operating capital. On the ASIC entity, funds sit at NAB and Macquarie, both major Australian banks. On the VFSC and FSA Seychelles entities, segregation applies under broker policy, but there is no statutory compensation scheme: no ICF (Investor Compensation Fund, up to €20,000 for EU clients) or FSCS (Financial Services Compensation Scheme, up to £85,000 for UK clients) applies if the broker fails.
Is Fusion Markets a scam?
No. Fusion Markets is a regulated broker with three active licences and no material enforcement actions since its 2017 founding. Its Trustpilot score is 4.6 from over 1,100 reviews. The real risk for non-AU traders is the Vanuatu entity routing: you get lower commissions but lose access to the statutory compensation schemes EU and UK regulators require. That is a regulatory tradeoff, not a scam signal. For the full safety assessment, see the related [Is Fusion Markets safe?](/fusion-markets-is-fusion-markets-safe/) page.
What is the minimum deposit for Fusion Markets?
The minimum deposit is $0 on both the Classic and Zero accounts. Classic runs zero commission with EUR/USD spreads averaging 0.9 to 1.1 pip. Zero runs raw 0.0 pip pricing with a $4.50 round-turn (charge applied once when you open and close a trade) commission per standard lot. In my testing, PayPal withdrawals settled same-day and Skrill settled within 90 seconds, with no broker-side withdrawal fee on any method.
Is Fusion Markets available in the USA?
No. Fusion Markets does not accept residents of the United States, Japan, New Zealand or Spain. US retail forex traders can use NFA (National Futures Association) and CFTC (US Commodity Futures Trading Commission) licensed alternatives: OANDA, Forex.com, IG US or TastyFX. Over 60 other countries are accepted, including Australia, the UK, most of the EU, UAE, Malaysia, Singapore and South Africa.