Fusionmarkets.com Unapproved

 Fusion Markets. I approached this review like any field assignment: start with the paperwork, then test what the marketing leaves out. What follows is an evidence-driven scan of Fusion Markets’ regulatory positioning, corporate structure, user complaints, and risk signals, with unverified allegations clearly labeled and a brief, balanced wrap-up at the end.

Multi-entity, mixed-quality regulation. The brand operates through several entities: an Australian arm “for Australian clients only” under FMGP Trading Group Pty Ltd (AFSL 385620), plus offshore entities in Seychelles (Fusion Markets International Ltd, FSA license SD096) and Vanuatu (Gleneagle Securities Pty Limited, VFSC company no. 40256). This patchwork matters because client protections differ widely by jurisdiction; in practice, most non-Australian clients are boarded offshore.

“Australian clients only” — what that implies. Fusion’s own legal pages state that the AFSL coverage applies to Australian residents, while the site lists numerous excluded countries (including the U.S. and New Zealand). If you are not in Australia, you will likely be contracting with the Seychelles or Vanuatu entity, where complaint redress and compensation regimes are not equivalent to Australia’s.

Complaints handling differs by entity. The Australian entity publishes a formal Complaints Resolution Procedure providing escalation to the Australian Financial Complaints Authority (AFCA), an independent ombuds scheme. By contrast, the offshore entity’s complaints policy is internal to the firm; while it outlines handling steps, it does not provide an external ombudsman with statutory teeth. This asymmetry is a key risk distinction for non-AU clients.

Terms that allow account blocks and withdrawal cancellations. Fusion’s refund/return policy gives the company the right to suspend accounts, block access to the Client Hub, cancel transfer/withdrawal requests, or refund at its discretion where AML/CTF concerns are cited. That clause is common in FX/CFD, but it concentrates discretionary power with the broker and often sits at the heart of later disputes.

Allegations of delayed or denied withdrawals (unverified). In the last few months, forum posts on Forex Peace Army describe contested withdrawals and “cash adjustments” after profitable trading. These are individual, unadjudicated allegations; they are not regulatory findings. Still, their timing and detail warrant watch-listing for patterns. If you proceed, keep meticulous records of trade logs, communications, and timestamps.

Negative balance protection: read the fine print. Fusion’s public FAQ explains there is “no such thing” as negative balance protection in the underlying interbank FX market — language that suggests NBP is not universally offered across entities. Third-party reviews often claim NBP for ASIC-retail clients, but the firm’s own wording encourages caution. Confirm in writing which entity you’re under and whether NBP applies to your account.

Client money segregation claims. The website says client funds are held in segregated trust accounts, naming National Australia Bank as a Tier-1 banking partner. Segregation is baseline good practice, but it is not the same as a statutory compensation scheme; segregation can help in an insolvency, yet recovery still depends on the entity and local law.

Brand & ownership moves worth noting. Industry trade coverage reports that the Global Prime brand was sold and that both Global Prime and Fusion Markets now sit under the ASIC-licensed operating company (FMGP Trading Group) with offshore operations consolidated in Vanuatu, and Fusion also maintaining a Seychelles business. Consolidations like this are not inherently problematic, but they do shift where risk and governance sit.

Name-confusion risk in the UK market. Recent FCA warnings targeted look-alike or similarly named “Fusion Market” sites that are not FCA-authorised. Fusion Markets does not advertise FCA authorisation; UK readers should be alert to clones and similarly named domains, and verify any contact details against the firm’s official site before engaging.

Jurisdictional exclusions and distribution limits. Fusion explicitly says it does not accept clients from a long list of countries (e.g., U.S., Spain, New Zealand, Ontario-CA, Russia). If you live in a restricted location and a “Fusion” entity is still offering you onboarding, treat that as a major red flag for a clone or an unauthorised promoter.

What I did not find (censorship/takedowns). I searched for credible evidence of DMCA takedowns, legal threats to reviewers, or systematic review suppression tied to Fusion Markets and did not find verifiable instances as of October 3, 2025. Absence of evidence isn’t evidence of absence, but there’s no concrete censorship record to report.

Practical risk controls if you proceed. If you’re outside Australia, assume you’re dealing with the Seychelles or Vanuatu entity: confirm your contracting party, applicable complaints path, and whether negative balance protection is included. Keep deposits small until you test withdrawals; avoid strategy types the broker flags as “abusive” in its terms; and archive every statement/chat. Consider using platform-level risk controls and independent trade logs to document fills and slippage.

Conclusion — my short take. On the facts, Fusion Markets is a multi-entity broker with genuine Australian licensing for local clients and offshore permissions for everyone else. Verified documents support segregation and formal complaints pathways (Australia), while forum allegations about withdrawals remain unverified and should be monitored. Overall, legitimacy for Australian-onboarded clients looks stronger; for global clients under Seychelles/Vanuatu, investor protections are thinner. If you trade here, verify your entity, get key protections in writing, start small, and test withdrawals early.