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TIER 1 · VFSC · FSA-SC · ASICRBI ALERT LIST#4 of 66 international brokers

Fusion Markets review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists Fusion Markets as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).

Verdict score

8.7 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation10.0

Best licence: Tier 1

Trading cost5.0

No published spread

Accessibility10.0

Min deposit $0

Platforms & payments5.9

4 platforms · 0 payment methods

Outside ratings9.6

Trustpilot 4.8 from 10,127

Fusion Markets vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720

GO Markets$1,200

FP Markets$1,440

Zero Markets$1,440

Vantage$1,440

Cheapest vs most expensive here, per year$720

Regulation

Who licenses Fusion Markets.

Licences as Fusion Markets lists them. A tick means we found the entity on the regulator's own register.

Regulator	Tier	Entity	Licence no.	On register
VFSC	OFFSHORE	Gleneagle Securities Pty Limited (t/a Fusion Markets EN)	40256 (company no.)	Not yet checked
FSA-SC	OFFSHORE	Fusion Markets International Ltd	SD096	Not yet checked
ASIC	TIER 1	FMGP Trading Group Pty Ltd	AFSL 385620	Not yet checked

Accounts

Published EUR/USD costs.

No account pricing published.

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website

fusionmarkets.com

Founded

Not published

Headquarters

Not published

Minimum deposit

Max leverage

Not published

EU/UK leverage cap

—

Platforms

MT4, MT5, cTrader, TradingView

Deposits & withdrawals

Not published

Islamic (swap-free) account

Not published

Copy trading

Yes

Withdrawal fees

Not published

Inactivity fee

Not published

Restricted countries

Cannot take clients from Afghanistan, Alberta, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Spain, Somalia, Sudan, Syria, Ukraine, Yemen, the United States and its territories (among others).

RBI Alert List (India)

LISTED as "Fusion Markets" · list of 19 Nov 2025 · checked 24 Oct 2026

Verified reviews

Traded with Fusion Markets? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 4.8 from 10,127 reviews.

Compare Fusion Markets

vs FP Markets vs Trive vs Zero Markets vs GO Markets vs Capital.com vs Vantage

Visit Fusion Markets

Sources · data as of 2026-10-24

platforms: fusionmarkets.com/
regulators: fusionmarkets.com/
trustpilot: www.trustpilot.com/review/fusionmarkets.com
copy trading: fusionmarkets.com/
min deposit usd: fusionmarkets.com/
restricted countries note: fusionmarkets.com/

Research notes: Homepage: 'no minimum account size', no deposit fees; generic '$2.25 per side commission' (=$4.50 RT, presumably Zero account) and forex majors 'average spreads of 0.0' - not tied to a specific account on the page, so accounts left empty. Accounts: Zero and Classic. 'Swap Free Accounts' appears in navigation (islamic_account left null pending confirmation). VFSC number shown is the company registration no. ASIC entity is for Australian clients only. Copy trading via Fusion+ and DupliTrade. Account-types and funding pages returned client errors; max leverage unconfirmed. Website owner Fusion Markets Pty Ltd, Victoria, Australia.

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