Overview
Fusion Markets is an Australian ECN/STP broker founded in 2017 that positions itself uncompromisingly on cost — and that is exactly what makes it interesting for algo traders. The Zero account is among the cheapest on commission anywhere, and with MT4, MT5, cTrader, and TradingView there are four platforms available. On top of that come a free VPS for active traders and no strategy restrictions whatsoever. The instrument range (250+) is deliberately lean, concentrating on FX, metals, energies, indices, and crypto CFDs.
Regulation & Safety
Fusion Markets operates through three entities: FMGP Trading Group Pty Ltd under ASIC (Australia, AFSL 385620), Gleneagle Securities / Fusion Markets under the VFSC (Vanuatu, 40256), and Fusion Markets International Ltd under the FSA of the Seychelles (SD096). The ASIC licence is reputable and established; however, a top-tier EU/UK licence (FCA/CySEC) is absent, so non-AU clients generally trade via the VFSC or FSA entity.
This places Fusion on solid but not absolutely top-tier regulatory ground — comparable to established non-EU brokers with a credible primary regulator. Client funds are held segregated. The high 1:500 leverage is reserved for the offshore entities; under ASIC the retail maximum of 1:30 applies.
Costs
This is where Fusion is a genuine champion. The Zero account offers raw spreads from 0.0 pips (averaging ~0.0–0.1 pip on EUR/USD) at a commission of only 2.25 USD per lot per side — i.e. 4.50 USD round-turn. That is one of the lowest commission structures on the market and undercuts many well-known ECN brokers noticeably. The result is effective all-in costs of around 0.45 pips on EUR/USD — a strong argument for cost-sensitive scalping and high-frequency EAs. The Classic account foregoes commission but prices spreads from ~0.9 pips. See our comparison of the lowest-spread brokers.
Execution
Fusion uses ECN execution with deep liquidity pools and is praised in independent reviews for low slippage and reliable fills. For latency-sensitive EAs the profile is robust; combined with the VPS it creates a stable environment for continuous operation.
EA & Algo Suitability
This is where Fusion scores across the board: EAs, scalping, and hedging are permitted without restriction, and with MT4, MT5, cTrader, and TradingView there are four platforms available — from classic MQL EAs through cAlgo to PineScript strategies. The free VPS (from ~20 lots/month in FX/metals; below that, paid plans via the partner) ensures uninterrupted 24/7 operation. Combined with the extremely low commission, the Zero account on cTrader or MT5 is one of the most cost-efficient environments for multi-EA portfolios.
Conditions, Deposits & Support
The minimum deposit is 0 USD — a very low entry point. Accounts come in several base currencies (incl. USD, EUR, GBP, AUD, CAD, SGD), and swap-free Islamic variants are available. Deposits and withdrawals run via bank transfer, card, e-wallets (Skrill, Neteller, PayPal), and, by region, crypto rails. Support is regarded as responsive and customer-oriented. US clients are not served.
Referral Reward via AlgoVerdict
Our link to Fusion Markets is a code from the broker's official "Refer a Friend" programme — and that pays both ways. If you register via our code, Fusion pays a one-off reward split between you and us: USD 50 each at a USD 500 deposit, USD 250 each at a USD 5,000 deposit, in each case once the corresponding forex or metals volume has been traded; Fusion says the credit follows within 24 hours. Alternatively, instead of the one-off reward you can choose a permanent commission reduction of up to 15% per lot — usually the better option for EA traders with volume. Fusion sets the terms, not us: amounts and thresholds can change, and the broker does not accept clients from excluded countries (including Spain, Japan and the USA). An existing account cannot be assigned retroactively.
Verdict
Fusion Markets is a strong recommendation for price-sensitive algo and EA traders: one of the cheapest commissions on the market, four platforms including cTrader, a free VPS for active traders, and zero strategy restrictions. The only real consideration is regulation — the ASIC licence is reputable, but for non-AU clients it does not replace an FCA/CySEC licence. Those who can live with the offshore framework and want maximum cost efficiency get one of the best price/performance ratios on the market. See also the comparison of the best EA brokers.