UK FUSION Forex Broker

UK Fusion Forex Broker - Complete Information Guide

1. Broker Overview

UK Fusion, officially known as Fusion Markets, was founded in 2017 by a team of experienced traders with a combined 50 years in the financial services industry. The broker is headquartered in Melbourne, Australia, and operates under the trading name of Gleneagle Asset Management. Fusion Markets is a private company, focusing on providing retail forex and CFD trading services to clients worldwide.

The primary market served by UK Fusion includes retail traders, while it also caters to institutional clients through various services. Since its inception, the broker has achieved significant milestones, such as gaining recognition for offering some of the lowest trading costs in the industry and being awarded for its competitive pricing structure.

UK Fusion operates with a mission to provide low-cost trading options, friendly support, and access to advanced trading technologies. The business model is primarily centered around retail forex and CFD trading, utilizing an ECN (Electronic Communication Network) execution model to ensure competitive spreads and fast order execution.

2. Regulatory and Compliance Information

UK Fusion is regulated by several key authorities, including the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority (FSA) of Seychelles. The broker holds an Australian Financial Services License (AFSL) with the registration number 385620.

The regulatory framework allows UK Fusion to operate under strict compliance standards, ensuring client funds are held in segregated accounts with reputable banks. The regulatory oversight also includes measures for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, which are crucial for maintaining the integrity of the trading environment.

UK Fusion does not offer negative balance protection, which is a consideration for potential clients. The lack of FCA regulation in the UK may raise concerns for some traders, as it means clients do not have access to the same level of investor protection available through FCA-regulated brokers.

3. Trading Products and Services

UK Fusion offers a diverse range of trading products, including 90+ currency pairs that encompass major, minor, and exotic currencies. The broker also provides access to various CFD products, including:

• Indices: Trading options on major global indices.
• Commodities: A selection of commodities, including energy products like oil and precious metals.
• Stocks: CFDs on a limited range of stocks, primarily from the US market.
• Cryptocurrencies: Trading options for popular cryptocurrencies, including Bitcoin, Ethereum, and others.

The broker frequently updates its product offerings and is in the process of expanding its asset classes to include more commodities and stock CFDs. UK Fusion primarily focuses on retail trading services but also offers solutions for institutional clients, including white-label services and asset management.

4. Trading Platforms and Technology

UK Fusion supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized in the industry for their robust trading capabilities. The broker does not have a proprietary trading platform but leverages these established platforms to provide a seamless trading experience.

The web-based trading platform allows clients to trade without the need for downloads, while mobile applications for both iOS and Android devices ensure traders can manage their accounts on the go.

UK Fusion operates on an ECN execution model, which connects traders directly to liquidity providers, ensuring tight spreads and fast execution speeds. The broker's technology infrastructure is designed to support automated trading and API access for institutional clients, enhancing trading efficiency.

5. Account Types and Trading Conditions

UK Fusion offers two main account types:

• Zero Account: This account type features spreads starting from 0.0 pips with a commission of $4.50 per round turn. It is tailored for experienced traders familiar with calculating trading costs.

• Classic Account: Designed for beginners, this account type has zero commission, with spreads starting at 0.8 pips. It simplifies the trading experience for those new to the market.

There is no minimum deposit requirement for either account type, making it accessible for traders of all levels. The leverage offered ranges from 1:20 to 1:500, depending on the asset class traded. The minimum trade size is 0.01 lots, allowing for flexibility in trading strategies.

6. Fund Management

UK Fusion supports a variety of deposit methods, including:

• Bank Transfers
• Credit/Debit Cards (Visa, MasterCard)
• E-wallets (Skrill, Neteller, Perfect Money)

There is no minimum deposit requirement for account opening, although a recommended starting deposit is around $100 to avoid margin calls. Deposits are processed instantly for card payments, while bank transfers may take 2-5 business days.

UK Fusion does not charge fees for deposits, but withdrawal fees may apply depending on the payment method selected. Withdrawals can be made through the same methods as deposits, with processing times generally within 24 hours for e-wallets and credit cards, while bank transfers may take longer.

7. Customer Support and Educational Resources

UK Fusion provides customer support through multiple channels, including:

• Email: help@fusionmarkets.com
• Live Chat: Available on their website
• Phone Support: +61 3 8376 2706

The support team is responsive and available to assist clients with their inquiries. While the broker does not offer extensive educational resources, it does provide access to market analysis, trading tools, and a comprehensive FAQ section to assist traders.

The lack of dedicated educational materials may be a drawback for novice traders, as they may need to rely on external resources to enhance their trading knowledge.

8. Regional Coverage and Restrictions

UK Fusion primarily serves clients in Australia and other international markets, including Europe and Asia. However, it does not accept clients from certain regions, including:

• United States
• Japan
• New Zealand
• North Korea
• Syria and Iran (among others)

The brokers operational structure allows it to cater to a broad customer base while adhering to regulatory requirements in the jurisdictions it serves.

In conclusion, UK Fusion is a competitive option for traders looking for low-cost trading solutions in the forex and CFD markets. While it offers a range of products and reliable trading platforms, potential clients should be aware of the regulatory landscape and the absence of FCA oversight in the UK. Overall, UK Fusion presents a strong offering for both retail and institutional traders in the global market.