The LSE Directory / CFD and forex brokers
Fusion Markets is an online forex and CFD broker headquartered in Melbourne, Australia, and founded in 2017 by Phil Horner. It gives retail and professional traders access to more than 250 instruments spanning 90-plus currency pairs, precious and base metals, energies, equity indices, roughly 110 US share CFDs and cryptocurrency CFDs, executed on a no-dealing-desk model with 24/5 market access. Its core account, the Zero account, charges raw spreads from 0.0 pips plus a commission of $2.25 USD per side per standard lot, alongside a commission-free Classic account with spreads from around 0.9 pips; there is no minimum deposit and no fee on deposits or withdrawals. The broker's stated differentiator against larger incumbents is pricing rather than product breadth: independent broker-review site DayTrading.com measured average EUR/USD spreads around 0.05 pips and execution speeds near 37 milliseconds in its testing, and BrokerChooser has named Fusion its "Lowest Spread Forex Broker" every year from 2020 to 2026. Fusion does not run a proprietary trading app of its own; instead it wraps third-party platforms, MetaTrader 4, MetaTrader 5, cTrader and, since 2024, TradingView, with its own web hub, and supports copy and social trading through DupliTrade and a Multi Account Manager tool. Regulatory protection is tiered by client location: Australian clients trade with FMGP Trading Group Pty Ltd under an Australian Financial Services Licence (AFSL 385620) from ASIC, a tier-one regulator, while clients elsewhere are onboarded to the Vanuatu Financial Services Commission entity (VFSC company number 40256) or the Seychelles Financial Services Authority entity (licence SD096), both of which independent reviewers characterise as lighter-touch regimes without Australia's negative-balance-protection guarantees. Horner founded the company after roughly a decade working at other forex brokers, with the stated aim of lowering trading costs industry-wide; Fusion describes its founding team as drawing on more than 50 years of combined forex-industry experience. The company has since picked up a run of comparison-site accolades built specifically around its cost positioning, including BrokerChooser's "Best MetaTrader Broker" and Compare Forex Brokers' "Lowest Commissions Forex Broker" for seven consecutive years (2020-2026), plus FX Empire awards for discount and zero-spread commodity trading. Client funds are held in segregated trust accounts, and the firm reports that the large majority of withdrawal requests, around 85 percent, are processed within an hour.
