Fusion Trade Review: How Trustworthy is this Broker?

The first thing we dislike about Fusion Trade is its website design. Once you open the platform, you will notice the unprofessionalism. How can a company that cannot afford an expert developer promise high returns? You will realize a huge difference if you compare their appearance with their competitors. 

The broker guarantees excellent trading conditions with tight spreads. Investors can also enjoy a fast and reliable trading system. The scheme also claims to provide cutting-edge tools and top-notch learning materials. 

Sadly, we did not have access to their course outline. Therefore, we cannot assure you whether or not the educational resources are helpful. Some schemes provide basic information which you can find on your own online. 

So why pay when you can get the material free of charge? These red flags are the tip of the ice bag. There are many reasons to avoid Fusiontrade.co, which we shall discuss momentarily. Stick with us throughout this unbiased review.  

Fusiontrade.co Review

Fusion Trade claims you can use several strategies to make profits. However, they do not get into details. The problem with the broker is providing generic information. They also have an affiliate program whereby you earn more by inviting more people into their system. It is illegal to promote financial services without having a license. 

You might find yourself in trouble with the authority. The broker does not accept US, China, Afghanistan, or Ukraine investors. Ensure you trade with genuine forex trading companies in the industry. You will earn real-time returns without compromising your safety. You can also learn and gain great trading skills. 

Who Owns Fusion Trade?

Fusion Trade does not disclose its ownership information. It is important to know the individuals handling your funds. It is a form of transparency that builds trust. We can't find a good reason why the scheme would remain anonymous. 

Additionally, we cannot guarantee the venture is working with professionals. What is more worrisome is the fact there is no parent company. Who will you turn to when things turn sore? Remember that not even the authority know the individuals running this operation. 

Legitimate broker publishes their team on the website. You can view the qualification of the account managers, financial analysts, founders, and the company that incorporates the broker. The authority knows whom to hold liable if there is any dispute between the broker and clients. 

Trading Conditions and Available Trading Conditions

Fusion Trade has three trading accounts. The minimum package accepts $250, which is what many brokers requests. However, you can still find reliable companies accepting $10 and above. 

Investors can enjoy the leverage of 1:30 in the basic plan. The cap is what most financial agencies approve. It minimizes trading risks. There is also a minimum order size of 0.01 and a maximum of 10 lots. 

The standard account offers leverage of 1:50 and accepts $2,500 capital. The minimum trading lot is the same as the basic plan, but the maximum size is 15. The golden account leverage is 1:80, and the VIP cap is 1:100. 

It might seem lucrative, but we suggest avoiding such limits. The market is super volatile. You can make huge profits or devastating losses. Stick to what the financial bodies approve and trade in a conducive environment.

You must be a professional trader with adequate funds to enjoy high leverage. Offshore schemes will persuade you to accept these trading conditions only to leave you high and dry. 

Fusion Trade offers a web trader interface. This is the simplest tool, but it has no advanced features. Expert traders, especially those familiar with the MetaTrader software, will find it useless. You cannot place orders automatically with a web trader or watch them using VPS.

Fusion Trade Withdrawal and Deposits

Fusion Trade has applicable charges. However, the company fails to specify what amount it charges traders. They also have the right to alter these fees by giving 10 business days' notice. Withdrawal takes approximately 10 business days to be processed. However, this may take longer. 

They accept funds via cryptocurrency, wire transfer, credit and debit cards. The first two methods do not allow clients to issue a chargeback. By using bank cards, you can reverse the payment. However, some scammers are tactical and will transfer the funds to multiple offshore banks till you cannot track the money.

 The entity is offering multiple bonuses and promotions to traders. They have welcome bonuses, awards, and contests. To qualify for a withdrawal after accepting these lucrative offers, you must meet a 25 times minimum trading volume of the initial capital and bonus amount. 

The requirement is outrageous and hard to achieve. You cannot do away with the bonus once you have accepted. Failure to observe the requirement means you cannot withdraw any amount. 

Contact Details and Customer Support

The broker does not bother to provide a phone number or an office address. You can only reach them via email, which is not a convenient mode of communication. You need all the assurance that your cash is secure. If you face any challenge, you should be able to reach the entity swiftly. 

Fusion Trade cannot afford to hire a professional customer support team. Their sales reps will do their dirty bidding. They are tactical and professional swindlers. They will be friendly and ethical when in need of more cash. Once you run out of money, they change their attitude. 

Ensure you trade with genuine platforms to enjoy the professional treatment. You will also be able to contact the support around the clock. Other brokers have social media platforms where you can follow up on the latest news and upcoming market events. 

Does Fusion Trade have a License?

Unfortunately, Fusion Trade is not regulated. There are many benefits to dealing with a licensed broker. You get to enjoy fund safety while trading in a conducive environment. Additionally, if a company becomes insolvent, you can receive compensation. The authority protects you from being scammed. 

The Financial Conduct Authority (FCA) is the UK regulatory agency. It has issued a warning against Fusiontrade.co. The watchdog does not authorize the scheme to conduct its business in its jurisdiction. It is unwise to venture with a blacklisted broker. The outcome is very obvious that people will lose funds. 

Legitimate brokers report their daily transactional history to the regulatory bodies. They cannot risk manipulating the prices since their license would be revoked. These companies should also have clear terms and conditions. 

Fund Safety and Privacy Policy

Investors must provide proof of identity to withdraw cash from Fusion Trade. It is a bold statement coming from an anonymous entity. You should never share personal data with offshore schemes. The information would be at a greater risk. 

Your money is insecure since Fusion Trade doesn't work with a financial agency. Additionally, the broker fails to provide its banking information. The money deposited in the system goes to the con artist's pocket. It will be hard to recover the cash. 

Final Verdict

Fusion Trade is a young website without a trading history. There are complaints from United Kingdom citizens about the broker's persuasive cold calls. The moment you deposit funds, the agents stop calling. Later a different agent will call, promising to help you recover the lost funds. 

Note that these scammers are working together. The best thing is to block and report them to the authority. The market is flooded with such scammers, but there is silvering since legitimate forex trading brokers exist. These companies are trustworthy and regulated by remarkable financial watchdogs.