Desk file · 2026 edition · record confidence: medium
Fusion Markets
We opened the file on Fusion Markets the way we open every file: register first, marketing never. Trading since 2017, run out of Melbourne, Australia, and carrying 3 licence entries on the public record, 1 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| ASIC | AFSL 385620 | Australia | T1 | FMGP Trading Group Pty Ltd | fusionmarkets.com |
| FSA Seychelles | SD096 | Seychelles | T3 | Fusion Markets International | fusionmarkets.com |
| VFSC | 40256 | Vanuatu | T3 | Gleneagle Securities Pty Limited | fusionmarkets.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- Fusion Markets states client monies are held in segregated client trust accounts with National Australia Bank.
- The Classic account quotes spreads from 0.9 pips with no commission and no minimum account size; the Zero account quotes from 0.0 pips plus commission.
- Non-Australian clients are onboarded through the Seychelles (SD096) or Vanuatu (VFSC 40256) entities.
- The company was founded in 2017 and began serving clients in 2019.
- ABN Lookup's current details for ABN 74 146 086 017 identify FMGP TRADING GROUP PTY LTD as the active entity and list the business names Global Prime from 15 August 2023 and Fusion Markets from 4 September 2023 (https://abr.business.gov.au/ABN/View/74146086017).
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- exact commission per lot on the Zero account
- maximum leverage per offshore entity
- whether the ASIC licence is held by FMGP Trading Group Pty Ltd or a related Gleneagle entity
- typical EUR/USD spread (source only gave an advertised 'from 0.0' raw-account figure)
| Founded | 2017 |
| Head office | Melbourne, Australia |
| Minimum deposit | None |
| Leverage cap | 1:30 retail under ASIC; up to 1:500 under offshore entities |
| EUR/USD | not verified pips |
| Tier-1 entries | 1 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.