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Licensing & Regulations
Before choosing to open an account with Fusion Markets, you should familiarise yourself with how Fusion Markets is regulated, the essential legal documentation you need to read before opening an account, as well as how we handle money deposited by our clients.
Important Documentation
Before choosing to open an account with Fusion Markets, you should read all of the legal documentation below.
Fusion Markets Licensing
Fusion Markets is a trading name of Gleneagle Asset Management (GAML) which holds an Australian Financial Services Licence (AFSL), 226199. Gleneagle Asset Management is regulated by the Australian Securities and Investment Commission (ASIC).
What is an AFSL?
The Australian Services and Investment Commission is an independent Australian government body that acts to enforce and regulate company and financial services law to protect Australian consumers, investors and creditors.
For a company to be granted an AFSL, businesses must provide evidence that they:
Are competent to carry out their business operations,
Have sufficient financial resources
Comply with nationally set standards for training, insurance and dispute resolution.
An AFSL provides clients with the peace of mind that the holder is regulated in one of the world’s most stringent rules based financial services sector, by an aggressive and powerful government organisation, ASIC.
Client Money
Fusion Markets deposits all its client monies into segregated Client Trust Accounts with Westpac*.
All client money relating to retail clients held in the Fusion Markets Trust Accounts does not get used for hedging. Fusion complies with ASIC Client Money rules.
Westpac is Australia’s first bank and oldest company, one of four major banking organisations in Australia. Westpac provides a broad range of consumer, business and institutional banking and wealth management services through a portfolio of financial services brands and businesses.
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