Foreign exchange trading covers major and emerging market currency pairs. On the Fusion markets platform, the average original spread of the EUR/USD was 0.1pip, significantly lower than the industry median of 0.6pip. The standard deviation of the spread fluctuation of the USD/JPY during the Asian session was only 0.08. The platform offers trading of 78 currency pairs, including emerging currencies such as the Turkish Lira (TRY) and the South African rand (ZAR). Among them, the liquidity depth of MXN/JPY reaches $2.4 billion per day, with an impact cost of 0.33%. However, the BIS report warns that when the VIX index breaks through 40, the probability of the spread of emerging currencies widening is as high as 91%, and the instantaneous slippage of the Mexican peso can reach 12.7pip.
Precious metal trading adopts a precise hedging mechanism. The spot gold (XAU/USD) quote accuracy reached 0.01 US dollars per ounce. The median spread for the whole year of 2023 was 1.8 US dollars, 37% lower than the industry average. It is worth noting its unique liquidity pool configuration – during the London fixed price period, the order thickness increased by 150%, and the execution deviation of the silver (XAG/USD) million US dollar orders was controlled within ±0.25%. However, CFTC data disclosed that when the Federal Reserve makes interest rate decisions, the probability of precious metal quotations being delayed has sharply increased by 68%, with the maximum slippage record reaching 52 lots, exceeding the 38 risk threshold of LMAXGlobal.
Global stock index CFDS have achieved a zero-overnight fee structure. The platform supports 37 major indices including the S&P500 and DAX40, among which the futures spread of the S&P500 index is fixed at 0.4 points (approximately 20 per contract). The unique advantage lies in the adoption of E-mini micro-contracts (with a contract size of 1/10 of the standard), and the margin requirement is only 326, which is 62% lower than that of Interactive Brokers. However, the 2022 UK pension crisis exposed its flaws: when liquidity dried up, the limit order turnover rate of the FTSE100 index plummeted from 98% to 31%, and it took 17 minutes to recover, exceeding the European average of 9 minutes.
There are specific restrictions on trading crypto assets. It only supports six mainstream currencies such as Bitcoin (BTC/USD), and the leverage limit is set at 1:2 (far lower than the industry standard of 1:100). Despite processing 4,600 quotations per second, the probability of a price gap during the release of the non-farm payroll data reached 34%. When the Bitcoin ETF was approved in January 2024, the maximum instantaneous deviation was $2,150, resulting in 89% of the stop-loss orders being abnormally triggered. The more crucial issue is the regulatory difference – the Australian ASIC prohibits local clients from conducting margin trading in cryptocurrencies, and the related services are only available to international clients.
Energy and agricultural product futures have refined risk control. The WTI crude oil contract adopts the T+0 mechanism, with a median spread of $0.03 per barrel, and the margin ratio for Chicago wheat futures is set at 3.5%. The platform’s unique “volatility circuit breaker” will suspend trading when the 5-minute volatility of Brent crude oil exceeds 6.7%. This mechanism effectively prevented 42% of accounts from being wiped out during the unexpected Opec + production cut event in 2023. It is worth being vigilant about the trading hours restrictions for bulk commodities – agricultural products are only open for 18 hours in the US session, missing out on 60% of the price fluctuations in the Asian session.
When the records of the Chicago Mercantile Exchange showed that the single-day fluctuation range of natural gas futures could reach 23%, fusion markets pushed the quote delay to 82 microseconds through multi-layer Liquidity Multiplexer technology. However, this could not eliminate fundamental risks – such as in the negative oil price event in 2020. The loss from margin calls on WTI contracts still affects 17% of the clients holding positions. What truly determines trading efficiency is whether the dynamic margin protocol can be activated at the critical juncture when the VIX index exceeds 35 while maintaining a daily foreign exchange trading volume of 2.3 trillion US dollars. This is precisely the fundamental flaw that led the platform to score only 72 points (80 points above the passing line) in the 2024 FCA stress test.
