In this article
WikiFX provides inquiry services in the forex field.
WikiFX evaluates the reliability of Fusion Markets based on the facts.
What is WikiFX？
| WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. |
| WikiFX is able to evaluate the safety and reliability of more than 31,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
To explore whether Fusion Markets is a scammer or not, we evaluated Fusion Markets from different aspects, such as regulatory status, exposure, etc.
1. Evaluate the reliability of Fusion Markets based on its general information and regulatory status.
(source: Fusion Markets website)
To understand Fusion Markets better, we explore Fusion Markets by analyzing three main perspectives:
A. General Info of Fusion Markets
B. Regulatory Status
C. Fund Security
A. General Info of Fusion Markets.
Fusion Markets s general info has been shown below:
(source: WikiFX)
(source: WikiFX)
Located in Melbourne, Australia, Fusion Markets is the brainchild of a collection of veteran forex traders. Fusion Markets offers to trade in currency pairs, precious metals, commodities, etc.
According to Fusion Markets website, it supports four languages: English, Thai, Chinese and Spanish.
Trading Platform
In terms of their trading platform, Fusion Markets preference is for MetaTrader 4 (MT4) software.
Deposit & Withdrawal
Fusion Markets offers a range of payment methods – some are region-specific, particularly the Asia Pacific region such as Thailand and Malaysia where tailored payment options are available. The popular methods are Visa and Mastercard.
Customer Service
The Fusion Markets customer support can be reached through telephone: +61 3 8376 2706, email: help@fusionmarkets.com, as well as some social media platforms including Facebook, Instagram, and YouTube. The Melbourne Headquarters Address is 17 Gwynne St, Cremorne VIC 3121, Australia.
Trading Hours
Fusion Markets is open from Monday to Friday. Session times vary based on the market hours of their products, but these are all listed on the companys website under their Trading Conditions section.
(source : WikiFX）
B. Regulatory Status
The legitimate license of Fusion Markets
(source: Fusion Markets website)
Fusion Markets claims that it is regulated by Australian Securities and Investment Commission (226199) and Vanuatu Financial Services Commission (40256). However, according to WikiFX, The claimed ASIC regulatory (license number: 226199) is a clone firm. Therefore, Fusion Markets regulatory status is suspicious.
(source: WikiFX)
(source: WikiFX)
C. Fund Security
Account segregation is imperative since it allows traders to have access to their funds all the time. Even if the broker is bankrupt, traders will still be capable of getting their money back.
Unfortunately, we don‘t find the specific information about how Fusion Markets secures clients’ assets. It also doesnt mention segregation account either.
2. The feedback from Twitter
To figure out whether Fusion Markets is a scammer or not, we made a survey about Fusion Markets on Twitter.
Reviews on Twitter:
(source: Twitter)
It seems that Fusion Markets has an official Twitter account, which was registered in May 2019. It follows nobody and only has 62 followers. As of March 2nd 2022, there is only one tweet.
3. Exposure related to Fusion Markets on WikiFX
On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.
WikiFX currently doesnt have exposure related to Fusion Markets.
4. Special survey about Fusion Markets from WikiFX
A. Scoring Criteria
WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
| The Scoring Criteria of Brokers on WikiFX |
| License index: reliability and value of licenses |
| Regulatory index: license regulatory strength |
| Business index: enterprise stability and operational capability |
| Software index: trading platform,instruments etc |
| Risk Management index: the degree of asset security |
According to WikiFX, Fusion Markets has been given a very low rating of 1.83/10.
(source:WikiFX)
Please note that the broker with such a low score can be a potential scammer.
B. Field Investigation
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To help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.
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On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.WikiFX did make a field survey on
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Fusion Markets in 2019, but failed to find the office at their business address.
(source: WikiFX)
C. WikiFX Alerts
| The claimed ASIC regulatory (license number: 226199) is a clone firm |
| The number of this broker's negative field survey reviews has reached 1 |
(source: WikiFX)
5. Conclusion:
We dont advise you to invest with Fusion Markets as its regulatory license is a clone. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.
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