Is Fusion Markets Regulated by the BaFin as of 2024

Published :
Updated :
Written by

Fusion Markets is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, Energy, Precious metals, Equity Indices, US Share CFDs, Crypto. It also supports multiple trading platforms and tools such as MT4, MT5, MetaTrader Webtrader.

Although Fusion Markets is regulated by several authoritative bodies, including ASIC, VFSC, and FSA, it is not regulated by BaFin. In this article, we will explore Fusion Markets’ regulations, and its features, and provide a list of alternative brokers that are regulated by BaFin.

Does Fusion Markets Operate Under BaFin?

No, Fusion Markets does not operate under BaFin regulations. The broker is regulated by several other reputable financial authorities, including the ASIC, VFSC, and FSA. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the BaFin in the UK.

What Other Regulations Does Fusion Markets Have?

ASIC :

Fusion Market Is regulated by ASIC. Founded in July 1998, the Australian Securities & Investments Commission (ASIC) is Australia’s national corporate regulator, overseeing corporations, markets, and financial services in accordance with the Australian Securities and Investments Commission Act 2001. Being based in Australia, ASIC regulation ensures that the broker complies with Australian laws on financial services, including responsible conduct, risk management, and financial reporting. Client money is kept in segregated accounts, and there is an emphasis on risk disclosure and trader protection.

CySEC:

Fusion Markets is regulated by CySEC. Established in 2001, Cysec is Cyprus’s financial regulator. Since Cyprus joined the European Union in 2004, CySEC’s regulations align with the MiFID directive, ensuring compliance with EU-wide financial standards and investor protection. This regulation allows the broker to offer services across the European Economic Area (EEA) under the MiFID II directive, ensuring investor protection and transparency. CySEC regulation requires brokers to follow strict guidelines for handling client funds, including segregation and periodic reporting.

FSCA:

Fusion Markets is regulated by the Financial Sector Conduct Authority (FSCA). The FSCA, which replaced the Financial Services Board (FSB) in 2018, is responsible for overseeing forex and CFD brokers in South Africa. As the primary regulator, the FSCA focuses on creating a transparent and reputable trading environment, aiming to protect investors from scams and fraud. While the FSCA is considered less restrictive compared to European regulators, it is recognized for its strong governance framework, offering traders in South Africa reliable oversight and protection.

FSASVG:

Fusion Markets is also registered with the Financial Services Authority of St. Vincent and the Grenadines (FSASVG) under registration number 126 LLC 2019. The FSASVG acts as a registry authority rather than a strict financial regulator, overseeing the incorporation and administration of international business companies, including forex brokers. While it does not impose the same stringent regulatory standards as more established jurisdictions, registration with the FSASVG provides Fusion Markets with the legal framework to operate globally. Traders should be aware that investor protection and oversight under FSASVG may be limited compared to more heavily regulated regions.

Best Bafin Regulated Forex Brokers: Alternatives to Fusion Markets

Fusion Markets is one of the leading forex and CFD brokers. The broker is not regulated by BaFin. It is regulated by other top-tier regulators including ASIC, VFSC, and FSA. There are several BaFin regulated brokers that can serve as alternatives to Fusion Markets. These brokers include: 

Pepperstone

Pepperstone

  • Founded In:  2010
  • Minimum Deposit: $0, Recommended: $200
  • Maximum Leverage: 500:1
  • Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
  • Trading Platforms : MT4, MT5, cTrader, TradingView and Own Trading Platforms
  • Trading Instruments: Forex, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
CMC Markets

CMC Markets

  • Founded In:  1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations : FCA, ASIC, BaFin, IIROC, FMA, MAS
  • Trading Platforms : MT4 , Share trading platforms
  • Trading Instruments: Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
IG

IG

  • Founded In:  1974
  • Minimum Deposit: $0
  • Maximum Leverage: 1:200
  • Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA 
  • Trading Platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Trading Instruments: Forex, indices, Cryptocurrencies, Shares, Commodities
MultiBankFX

MultiBankFX

  • Founded In:  2005
  • Minimum Deposit: $50
  • Maximum Leverage: 1:500
  • Regulations: ASIC, Austrac, Bafin, CIMA, ESCA,  CySEC, FSC, FMA, MAS, TFG,  VFSC, FSCM, FSAS
  • Trading Platforms: MT4, MT5, Multibank-Plus
  • Trading Instruments: Forex, Metals, Shares,  indices, Commodities, Cryptocurrencies
XTB

XTB

  • Founded In:  2002
  • Minimum Deposit: $0
  • Maximum Leverage: 500:1
  • Regulations: FCA, CySEC, CNMV, KNF, FSC(Belize)
  • Trading Platforms : xStation 5 , xStation Mobile
  • Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs

These brokers operate under BaFin  regulation. According to BaFin rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about BaFin-regulated forex brokers, you can read our content on the best BaFin-regulated forex brokers.

How Can I Verify If My Broker is Bafin Regulated?

To verify if your broker, such as Fusion Markets, is regulated by the BaFin, follow these steps:

  1. Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
  2. Search the BaFin Register: Visit the Bafin Financial Services Register and enter the broker’s reference number or name.
  3. Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the UK.
  4. Match Firm Details: Verify that the details on the BaFin website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.

Frequently Asked Questions ( FAQs)

What is Fusion Markets?

Phil Horner founded Fusion Markets in 2017 in Melbourne, Australia with the vision of providing low-cost, modern technology and friendly support. The broker allows the trading of forex and CFDs on its cTrader, MT4, and MT5 platforms. Social traders can use DupliTrade, AutoTrade, or Fusion+ platforms. Free VPS, Market buzz, analyst views, etc are provided.

Is Fusion Markets Considered Safe?

Yes, Fusion Markets is considered safe. The broker is regulated by multiple top-tier regulatory authorities, including ASIC, VFSC, and FSA. It offers negative balance protection and holds client funds in segregated bank accounts. Additionally, Fusion Markets provides an investor protection scheme for clients regulated under ASIC making it a reliable and trustworthy broker.

Does Fusion Markets Offer Negative Balance Protection?

Yes, Fusion Markets offers negative balance protection. All BaFin-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.

Is Fusion Markets regulated in Australia?

No, Fusion Markets is not regulated in Australia. The broker is not regulated by ASIC, the Australian regulator. However, it accepts Australian clients under its global entity. Fusion Markets is regulated by several other authorities, including ASIC, VFSC, and FSA.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Disclosure:  At Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment