Is Fusion Markets Safe?
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- 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 a legitimate broker regulated by ASIC (Australian Securities and Investments Commission, AFSL 385620) in Australia since 2017. Client funds sit in segregated accounts at NAB and Macquarie, with AFCA (Australian Financial Complaints Authority) dispute resolution for Australian clients. Non-Australian clients use the VFSC (Vanuatu Financial Services Commission) offshore entity, which carries less statutory protection. No enforcement actions are on record.
Is Fusion Markets Safe and Regulated?
Is Fusion Markets safe? Yes, and we verified this with a funded account opened in 2026.
We cross-checked all three regulator licences against public registers before publishing this answer.
Fusion Markets is a legitimate forex and CFD (Contract for Difference, a financial instrument that lets you trade price movements without owning the underlying asset) broker founded in Melbourne, Australia in 2017. The Australian entity holds ASIC (Australian Securities and Investments Commission, the main financial regulator in Australia) AFSL (Australian Financial Services Licence) 385620, the same Tier-1 (one of the world’s strictest regulatory tiers) regulator that supervises IG, CMC Markets and Interactive Brokers in Australia.
The broker operates three regulated entities:
- Fusion Markets Pty Ltd: ASIC AFSL 385620 (Australia), Tier-1 oversight, AFCA (Australian Financial Complaints Authority) dispute resolution, segregated accounts (legally separated from company funds) at NAB and Macquarie
- Fusion Markets International Ltd: VFSC (Vanuatu Financial Services Commission) Vanuatu licence 40256, offshore tier, 1:500 leverage, no statutory compensation scheme
- Fusion Markets (SC) Ltd: FSA (Financial Services Authority) Seychelles SD176, additional offshore tier for select non-EU regions
For Australian clients, funds are held in segregated trust accounts at two Tier-1 banks: NAB and Macquarie. That means your money is ring-fenced from company operating capital by law.
ASIC does not run a compensation fund equivalent to the UK FSCS (Financial Services Compensation Scheme, the UK’s statutory client-money guarantee of up to £85,000 per client) or the EU ICF (Investor Compensation Fund, capped at €20,000). The protection layer is AFCA membership: the Australian Financial Complaints Authority provides binding dispute resolution at no cost to retail clients.
For non-Australian clients, accounts route to the Vanuatu VFSC or Seychelles FSA entity. These offshore regulators allow higher leverage (up to 1:500) but carry no statutory compensation scheme.
⚠️ UK and EU residents have no FCA (UK Financial Conduct Authority) or MiFID II (the EU’s main financial-markets regulation, which requires stricter client protections) entity with Fusion Markets. The VFSC Vanuatu entity applies, meaning no FSCS or ICF protection covers your account.
In our testing, withdrawals via PayPal (AUD) confirmed same day across four separate cycles. No broker-side withdrawal fee applied.
No public scam reports, enforcement actions or licence restrictions appear on the ASIC, VFSC or FSA Seychelles registers as of May 2026.
Key facts
| Detail | Fusion Markets |
|---|---|
| Regulation | ASIC (Australia), VFSC (Vanuatu), FSA Seychelles |
| License | ASIC AFSL 385620 / VFSC 40256 / FSA SD176 |
| Deposit protection | No FSCS or ICF. AU clients: AFCA dispute resolution + segregated accounts at NAB/Macquarie |
| Founded | 2017 |
| Headquarters | Melbourne, Australia |
Should You Trade with Fusion Markets?
Fusion Markets works best for cost-focused traders in Australia, the UK, the EU, MENA (Middle East and North Africa) and Southeast Asia. The $0 minimum deposit and Zero account (0.0 pip spread, $4.50 round-turn commission, where round-turn means the combined cost to open and close one trade) make it one of the cheapest legitimate ECN (Electronic Communications Network, a broker model that routes orders directly to liquidity providers with no spread markup) options in our ASIC-broker sample.
The main caveat is entity routing. UK and EU residents land on the offshore Vanuatu entity, carrying no FSCS or ICF equivalent.
Experienced traders who understand that trade-off will find the cost structure competitive. Beginners in those regions may prefer a broker with a local FCA licence.
Before opening an account, check that your country is accepted: Fusion Markets does not take residents of the US, Canada, Japan, New Zealand or Spain. For the full spread data, withdrawal test results and platform comparison, read our Fusion Markets review.
For a broader comparison of regulated options, see our best regulated forex brokers guide.
Frequently asked questions
Which Fusion Markets entity will hold my account?
Your entity depends on your country of residence. Australian clients route to Fusion Markets Pty Ltd, regulated by ASIC (Australian Securities and Investments Commission) under AFSL (Australian Financial Services Licence) 385620, with funds held in segregated accounts (accounts legally separated from company funds, so your money is protected if the broker fails) at NAB and Macquarie and access to AFCA (Australian Financial Complaints Authority, which provides free binding dispute resolution for retail clients) dispute resolution. Most international clients route to Fusion Markets International Ltd, regulated by the VFSC (Vanuatu Financial Services Commission, licence 40256), which allows 1:500 leverage but carries no statutory compensation scheme. Clients in select non-EU regions may fall under Fusion Markets (SC) Ltd, regulated by FSA (Financial Services Authority) Seychelles (SD176).
Does Fusion Markets protect client funds?
Australian-entity clients have funds held in segregated accounts at two Tier-1 (one of the world's strictest regulatory tiers) banks, NAB and Macquarie, legally separate from company operating capital. ASIC does not run a government-backed compensation fund like the UK FSCS (Financial Services Compensation Scheme, the UK's statutory client-money guarantee of up to £85,000 per client) or the EU ICF (Investor Compensation Fund, capped at €20,000). Instead, Fusion Markets holds AFCA membership: the Australian Financial Complaints Authority provides binding dispute resolution at no cost to retail clients. Offshore entity accounts also use segregated banking under broker policy, but carry no equivalent statutory scheme. Negative balance protection applies on all retail accounts globally as a contractual broker guarantee.
Is Fusion Markets a scam?
No. Fusion Markets has operated since 2017 under ASIC AFSL 385620, the same Australian Tier-1 regulator that oversees IG, CMC Markets and Interactive Brokers. We cross-checked all three entity licences against public registers in May 2026: no enforcement actions, fines or supervisory restrictions were on record for any entity at that date. The main caveat is that non-Australian clients land on the offshore Vanuatu VFSC entity, which has lighter oversight than ASIC. That is a standard structure among Australian-headquartered brokers, not a scam signal.
What is the minimum deposit for Fusion Markets?
$0. Fusion Markets has no minimum deposit on any account type, including the Zero ECN (Electronic Communications Network, a broker model that routes orders directly to liquidity providers with no spread markup) account and the Classic spread-only account. In our testing, PayPal AUD withdrawals processed the same day across four separate cycles, with no broker-side withdrawal fee during the measurement window.
Is Fusion Markets available in my country?
Fusion Markets does not accept residents of the United States, Canada, Japan, New Zealand or Spain under any of its entities. UK and EU residents are accepted but route to the offshore Vanuatu entity, with no FCA (UK Financial Conduct Authority) or MiFID II (the EU's main financial-markets regulation, which requires stricter client protections) coverage, meaning no FSCS or ICF protection applies. For UK and EU traders who want a local FCA entity, IC Markets (ASIC and FCA) or Pepperstone (ASIC and FCA) are comparable alternatives with Tier-1 dual regulation.