Fusion Markets, founded in 2017 and headquartered in Australia, has quickly become a popular broker for retail forex traders worldwide, including Mongolia. With a strong focus on low-cost trading, it offers spreads starting from 0.0 pips and a commission of just $2.25 per lot on its Zero account. The broker is regulated by ASIC (Australia) and VFSC (Vanuatu), providing a high level of trust. For Mongolia traders, Fusion Markets is particularly attractive due to its support for local payment methods like Bank Transfer (Mongolian banks), Skrill, and USDT (Tether), making deposits and withdrawals seamless. The broker also offers up to 500:1 leverage, which is suitable for traders with smaller capital. With over 100 trading instruments including forex, commodities, indices, and crypto, Fusion Markets caters to diverse trading strategies. Its overall score of 3.9 reflects reliable service and competitive pricing, though the lack of an Islamic account and limited local regulatory oversight are areas to consider.
| Detail | Information |
|---|---|
| Founded | 2017 |
| Headquarters | Australia |
| Regulated by | ASIC,VFSC,FSA |
| Min Deposit | $0 |
| Max Leverage | 500 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | ✗ Not available |
| Copy Trading | ✗ Not available |
| Demo Account | ✓ Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | ✓ Yes |
| ECN/Raw Account | ✓ Yes |
| Islamic (Swap-free) | ✗ No |
| Scalping Allowed | ✓ Yes |
| Hedging Allowed | ✓ Yes |
| Expert Advisors (EA) | ✓ Yes |
| Copy Trading | ✗ No |
Fusion Markets does not offer an Islamic (swap-free) account. This means that Muslim traders in Mongolia who require Sharia-compliant trading (no interest or swap charges) will need to look for alternative brokers. Some brokers like XM or IC Markets provide swap-free accounts for Mongolia residents. Without an Islamic account, Fusion Markets charges overnight swap fees on positions held past 5 PM EST, which can be a disadvantage for long-term traders. There are no hidden fees, but the lack of this option is a significant con for Muslim traders.
| Feature | Details |
|---|---|
| Islamic Account Available | ✗ No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | ✓ All available | Check broker |
| Gold (XAU/USD) | Spot Gold | ✓ Available | — |
| Silver (XAG/USD) | Spot Silver | ✓ Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | ✓ Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | ✓ Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | ✓ Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | ✓ Available | 0.02% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✗ No | Not available |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Fusion Markets ★ | $0 | Check broker | ✗ | ✗ | 3.9 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| IC Markets | $200 | 0.02 pips | ✓ | ✗ | 4.8 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
Understanding how Fusion Markets protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Mongolia traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✓ Yes | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✓ Yes | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from Fusion Markets relevant to Mongolia traders:
Fusion Markets is a highly competitive broker for Mongolia retail forex traders, especially those who prioritize low spreads and flexible deposit options. With ASIC regulation, zero minimum deposit, and support for Bank Transfer, Skrill, and USDT, it offers a transparent and cost-effective trading environment. The broker is best suited for scalpers, day traders, and those using automated strategies on MT4/MT5/cTrader. However, the lack of an Islamic account and local regulatory oversight may be drawbacks for some. Overall, Fusion Markets is recommended for Mongolia traders who want low trading costs and reliable execution, but Muslim traders should look for alternatives.