Independent public register · 307 firms on file · 608 legal entities · 52 carry a published regulator noticeREGISTER SYNC 2026-09-01
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Register/Entities/Fusion Markets
CautionRECORD BW-1132LICENSED BROKER

Fusion Markets logoFusion Markets

Tier-1 licences exist, but international clients are typically onboarded by a weaker offshore entity.

The group lists 3 entities: FMGP Trading Group Pty Ltd; Fusion Markets International; Gleneagle Securities Pty Limited. An offshore entity (Seychelles, Vanuatu) exists and may offer materially higher leverage; confirm which entity your account agreement names.

Caution means: The firm is licensed somewhere we can verify, but part of the business sits under weaker supervision — an offshore entity, leverage far above Tier-1 retail caps, or a register entry that does not cover everything the firm advertises.

LAST CHECKED 2026-09-06FIRST LISTED 2026-08-20JURISDICTION AUFOUNDED 2017SOURCES 02

Regulator record

Licence and registration references as recorded on each authority's own register.

RegulatorJurisdictionReference no.TierStanding
ASICAustraliaAFSL 385620T1Active
FSA SeychellesSeychellesSD096T3Active
VFSCVanuatu40256T3Active

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Reference numbers are reproduced as published so you can paste them straight into the regulator's search. If a number on a broker's website does not return that broker on the regulator's own register, treat the site as unverified.

Regulatory timeline

Published notices and alert-list entries recorded against this entity.

No published notices on record

At our last check on 2026-09-06 we found no published warning notice or alert-list entry naming this entity on the registers we monitor. That is a statement about what we found on a given date, not a guarantee about the future — re-check before you deposit.

Register office checks

7 checks anyone can repeat against public sources.

ResultCheckFinding
PassFounding YearCompany founded in 2017, began serving clients in 2019.
PassHeadquartersHQ in Melbourne, Australia.
PassASIC License (Tier 1)AFSL 385620 held by FMGP Trading Group Pty Ltd.
PassFSA Seychelles License (Tier 3)SD096 held by Fusion Markets International.
PassVFSC License (Tier 3)40256 held by Gleneagle Securities Pty Limited.
PassClient Money SegregationFusion Markets states client monies are held in segregated client trust accounts with National Australia Bank.
PassNon-Australian Client OnboardingNon-Australian clients are onboarded through Seychelles (SD096) or Vanuatu (VFSC 40256) entities.

Understanding Regulatory Protection

Fusion Markets operates under a multi-regulatory structure, which provides varying levels of protection depending on the entity you are onboarded with. The primary Australian entity, FMGP Trading Group Pty Ltd, holds an Australian Financial Services Licence (AFSL 385620) issued by the Australian Securities and Investments Commission (ASIC). ASIC is considered a Tier 1 regulator, known for its strict oversight, capital requirements, and strong client money protection rules, including the requirement for client funds to be held in segregated trust accounts. For non-Australian clients, Fusion Markets International (Seychelles) is regulated by the FSA Seychelles (SD096) and Gleneagle Securities Pty Limited (Vanuatu) is regulated by the VFSC (40256). These are generally considered Tier 3 regulators, which typically offer less stringent oversight and fewer investor protections compared to Tier 1 bodies like ASIC. It is important for clients to understand which entity they are dealing with and the specific protections afforded by that entity's regulator.

Verifying Fusion Markets' Licenses

To independently verify Fusion Markets' regulatory status, you can follow specific steps. For the Australian entity, FMGP Trading Group Pty Ltd, visit the ASIC Financial Services Register and search for AFSL 385620. This will confirm the active status of the license. Additionally, you can use the ABN Lookup service at https://abr.business.gov.au/ABN/View/74146086017 to verify the ABN 74 146 086 017, which lists 'FMGP TRADING GROUP PTY LTD' as the active entity and includes the business name 'Fusion Markets'. For the offshore entities, search the official website of the Financial Services Authority (FSA) of Seychelles for license SD096 under 'Fusion Markets International'. Similarly, for the Vanuatu entity, search the Vanuatu Financial Services Commission (VFSC) register for license 40256, associated with 'Gleneagle Securities Pty Limited'. Always ensure the entity names and license numbers match exactly what is listed on the regulator's official register.

Onshore vs. Offshore Entities

A critical distinction for clients of Fusion Markets is understanding whether they are serviced by an onshore or offshore entity. Australian residents will typically be onboarded with FMGP Trading Group Pty Ltd, which operates under the stringent oversight of ASIC. This provides access to specific protections, such as segregated client trust accounts and access to the Australian Financial Complaints Authority (AFCA) for dispute resolution. For clients located outside of Australia, Fusion Markets operates through its Seychelles-regulated entity (Fusion Markets International, SD096) or its Vanuatu-regulated entity (Gleneagle Securities Pty Limited, VFSC 40256). These offshore entities generally offer different terms and conditions, which may include higher leverage options and potentially different investor compensation schemes or dispute resolution processes compared to the ASIC-regulated entity. Clients should carefully review the terms of service and regulatory disclosures specific to the entity serving their region to fully understand their rights and protections.

What Regulation Does Not Guarantee

While regulation provides a crucial framework for broker conduct and client asset protection, it does not eliminate all risks associated with trading. Regulatory oversight ensures that brokers adhere to certain standards of financial stability, transparency, and fair practice, but it cannot guarantee trading profits or protect against market volatility. Trading in financial markets, especially forex and CFDs, inherently involves substantial risk of capital loss, and clients can lose more than their initial deposit. Regulation also does not shield traders from making poor investment decisions. Furthermore, certain details about Fusion Markets, such as the exact commission per lot on the Zero account, the maximum leverage offered by its offshore entities, and typical EUR/USD spreads, were not verified in our review. Clients should always conduct their own due diligence, understand the products they are trading, and be aware of the leverage they are using, as higher leverage amplifies both potential gains and losses.

Safety Desk's Bottom Line

Fusion Markets demonstrates a multi-jurisdictional regulatory approach, holding a Tier 1 license from ASIC for its Australian operations and Tier 3 licenses from the FSA Seychelles and VFSC for its international client base. The company explicitly states that client funds are held in segregated trust accounts with the National Australia Bank, a crucial measure for client asset protection. The verified active status of its licenses with these regulators contributes to our 'verified' status for this profile. While the ASIC regulation offers a high level of protection, clients dealing with the offshore entities should be mindful of the differing regulatory frameworks and associated protections. Although some operational details, like precise commissions and offshore leverage limits, were not independently verified, the core regulatory compliance and stated fund segregation practices are positive indicators. As with any financial service, prospective clients are advised to review all terms and conditions thoroughly and consider their personal risk tolerance.

User reports

Moderated accounts submitted by readers. Not regulatory evidence.

Reports are published only after a person reads them. A report marked verified means the reporter supplied supporting documentation we were able to check. An unverified report is one person's account and does not change this entity's status.

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Sources

Every source below was retrieved from the publisher's own site.

Frequently asked

Is Fusion Markets a regulated broker?

Yes, Fusion Markets holds a Tier 1 license with ASIC (Australia) and Tier 3 licenses with FSA Seychelles and VFSC (Vanuatu).

How are client funds protected at Fusion Markets?

Fusion Markets states that client monies are held in segregated client trust accounts with the National Australia Bank.

Which entity will my account be with if I am not in Australia?

Non-Australian clients are onboarded through Fusion Markets International (Seychelles) or Gleneagle Securities Pty Limited (Vanuatu).

What are the typical spreads and commissions?

The Classic account offers spreads from 0.9 pips with no commission. The Zero account offers spreads from 0.0 pips plus commission, though the exact commission per lot was not verified.