Fusion Markets – what we know and have as facts about it; Fusion Markets is a brand name of Gleneagle Asset Management Limited, which is based in Sydney, Australia and is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 226199. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Product Disclosure Statement document that Fusion Markets acts as principal in respect of the Fusion Markets Products issued by Fusion Markets. This means the company is the only counterparty to client deals. It is also written that Fusion Markets is a market maker and is authorized to “make a market” for foreign exchange and derivative contracts. If the market moves against a client and it loses on a trade, the company directly benefits from that trade. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about large negative slippage, and withdrawal issues.
So far, we have not received any complaints from customers of Fusion Markets. If you have any criticism to share with us or feel annoyed by Fusion Markets, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Fusion Markets if you wish.