Both brokers are impressive. BlackBull Markets stands out with tighter spreads and advanced social trading tools, while Fusion Markets offers low-cost trading on MT4 and MT5. See how BlackBull Markets leads in this review.
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The full BlackBull Markets vs Fusion Markets has 10 evaluations criteria with the three most important finding being:
BlackBull Markets and Fusion Markets are prominent brokers in the forex trading space. BlackBull Markets offers a broader range of instruments and advanced trading tools, while Fusion Markets stands out with its lower spreads and commissions, making it a cost-effective choice for traders.
Blackbull Markets’ RAW spreads for EUR/USD start at 0.14, while Fusion Markets offers tighter spreads at 0.09. Similarly, Fusion markets maintain lower spreads across other currency pairs.
We compared the raw account spreads of the two providers and found Fusion Markets to be consistently lower. Lower spreads result in reduced trading fees, which can impact long-term profits. or losses.
| RAW Account | BlackBull Markets Spreads | Fusion Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 0.64 | 0.41 | 0.72 |
| EUR/USD | 0.14 | 0.09 | 0.28 |
| USD/JPY | 0.45 | 0.41 | 0.44 |
| GBP/USD | 0.43 | 0.28 | 0.54 |
| AUD/USD | 0.3 | 0.14 | 0.45 |
| USD/CAD | 0.41 | 0.23 | 0.61 |
| EUR/GBP | 0.75 | 0.25 | 0.55 |
| EUR/JPY | 0.87 | 0.63 | 0.74 |
| AUD/JPY | 1.1 | 0.67 | 0.93 |
| USD/SGD | 1.3 | 0.95 | 1.97 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
BlackBull Markets charges $3.00 per lot, whereas Fusion Markets offers a more competitive rate of $2.25 per lot.
These brokers have tight spreads and commissions for RAW accounts. Fusion Markets leads in 2025 commission rates, while BlackBull Markets suits institutional traders with their $2.00 per side commission and $20,000 deposit requirement.
| Commission Rate | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| BlackBull Markets | $3 | $4.5 | N/A | N/A |
| Fusion Markets | $2.25 | $2.25 | N/A | N/A |
| Industry Average Rate | $3.44 | $3.32 | £2.44 | €2.91 |
Fusion markets lead with lower standard spreads, such as 0.89 for EUR/USD compared to BlackBull Markets’ 1.10
Both brokers impose commissions alongside RAW spreads, with Fusion Markets emerging as the 2025 leader due to its lower rates. Fusion charges $2.25 per lot compared to BlackBull Markets’ $3.00. However, institutional traders may benefit from BlackBull Markets’ reduced $2.00 per side rate, though this will require a substantial $20,000 deposit.
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Standard Account Spreads
|
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|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.50 | 1.40 | 1.40 |
|
0.93 | 0.92 | 0.98 | 1.08 | 1.02 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Some traders prefer standard accounts for commission-free trading. Our comparison found Fusion to be consistently cheaper, with lower spreads across all major currency pairs, as shown in the table below.
To show how fees impact trading costs, you can use our RAW spread calculator below to compare the costs of each broker based on certain trades.
Fusion Markets shines in affordability with its lower spreads and commissions, making it ideal for cost-conscious traders. However, BlackBull markets cater to those searching for a wider range of instruments and advanced trading platforms. Both brokers provide robust features, ensuring a tailored trading experience for diverse trader needs.
Our Lowest Spreads and Fees Verdict
Fusion Markets leads in this category due to their lowest spreads and fees.
Fusion Markets ReviewVisit Fusion Markets
BlackBull Markets and Fusion Markets are competitive brokers excelling in offering traders advanced platforms and diverse tools. Both provide the widely preferred MetaTrader 4 and 5 platforms, as well as cTrader and TradingView. However, BlackBull Markets outshines with its proprietary trading platform, BlackBullCopytrader, which includes various social and copy trading features. Fusion Markets, though solid in platform options, lacks this unique edge.
Let’s look at the platforms both brokers offer:
| Trading Platform | BlackBull Markets | Fusion Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | No |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
BlackBull Markets offers both MT4 and MT5 for reliable and flexible trading. Fusion Markets, on the other hand, also provides MT4 and MT5 with comprehensive trading tools.
BlackBull Markets offers platforms cTrader and TradingView for enhanced analytical capabilities. Meanwhile, Fusion Markets features cTrader and TradingView, ensuring powerful trading options.
BlackBull Markets stands out with BlackBull CopyTrader, MetaTrader Signals, ZuluTrade, Myfxbook, and BlackBull Social. On the other hand, provides basic copy trading services via MT platforms, but lacks proprietary innovations.
BlackBull Markets leads this segment with its proprietary CopyTrader platform, offering unparalleled social and copy trading features to empower traders. Both brokers excel with access to top-tier platforms like MetaTrader and TradingView. However, BlackBull Markets’ unique tools provide traders with a broader range of learning and trading options, giving it the edge for an enriched trading experience. Fusion markets, while reliable, trail slightly in innovation.
Our Better Trading Platform Verdict
BlackBull Markets dominates in this segment thanks to their better trading platform.
BlackBull Markets and Fusion Markets provide robust trading platforms and account options tailored to different trader needs. While both offer Standard and RAW accounts, BlackBull Markets goes further with its Institutional account, catering to high-volume professional traders. This account requires a $20.000 minimum deposit but offers extremely low commission rates of $2.00 per side. Fusion Markets, while competent, does not offer such specialised accounts, making BlackBull markets a standout for professionals.
BlackBull Markets offers three types of accounts:
Fusion Markets only offers two types:
BlackBull Markets supports traders by offering diverse account types and low-cost trading options through its Institutional account. Its Swap Free account also serves those requiring Sharia-compliant trading. Fusion Markets, on the other hand, simplifies trading with its Classic and Zero accounts, providing straightforward access for beginners and intermediate traders. While both excel in serving different trader profiles, BlackBull Markets’ flexibility and cost efficiency are particularly advantageous for those trading at higher volumes.
| Blackbull Markets | Fusion Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | No |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
BlackBull Markets leads in this segment due to its comprehensive account, which is unmatched by Fusion Markets. Both brokers are pivotal in the forex industry, enabling traders with competitive features and platforms. Fusion Markets remains a reliable option for less complex needs, BlackBull Markets’ diverse and cost-effective offerings make it the preferred choice for advanced and professional traders aiming to maximise their potential in the forex market.
Our Superior Accounts and Features Verdict
BlackBull Markets outperforms the challenger on account of their superior accounts and features.
When it comes to execution speeds, BlackBull Markets and Fusion Markets are both top-performing brokers, but BlackBull Markets takes the lead with a limit order speed of 72ms, ranking 1st out of 36 brokers tested. Fusion Markets isn’t far behind with a speed of 79ms, ranking 3rd globally. Market order speeds tell a slightly different story, where Fusion markets edge ahead with a faster speed of 77ms, claiming the global top spot, while BlackBull Markets ranks 5th at 90ms
BlackBull Markets’ faster limit order execution is important for minimising slippage, giving traders better pricing accuracy during high-volatility periods. Additionally, BlackBull Markets’ superior infrastructure supports consistent performance for seasoned professionals. Fusion Markets, while slightly behind on limit order speed, offers lightning-fast market order execution, making it highly effective for scalpers and high-frequency traders. Both brokers’ speed capabilities cater to different trading styles, ensuring traders across the spectrum can execute strategies effectively.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| BlackBull Markets | 72ms | 1/36 | 90ms | 5/36 |
| Fusion Markets | 79ms | 3/36 | 77ms | 1/36 |
In the battle of execution speed, both brokers shine in specific areas, but BlackBull Markets maintains a slight edge due to its overall consistency and leading limit order speed. Fusion Markets, however, prove an excellent choice for traders focusing on market offer efficiency. Both brokers exemplify how cutting-edge technology can elevate the trading experience, making them valuable assets to the forex industry with tailored features for diverse trading needs.
Our Best Trading Experience and Ease Verdict
BlackBull Markets rides high in this niche owing to their best trading experience and ease.
BlackBull Markets and Fusion Markets are reliable and well-regulated brokers, offering a strong sense of trust. Fusion Markets has a slightly higher regulation score (52/100) compared to BlackBull Markets (50/100, partly because it is regulated by ASIC in Australia and VFSC, alongside FSA-S in Seychelles. BlackBull Markets is regulated by FMA in New Zealand and FSA-S in Seychelles. Additionally, BlackBull Markets’ Trustpilot rating is slightly higher (4.7 vs 4.5), though Fusion Markets boasts a large review base.
Fusion Markets trust score: 52/100, Trustpilot 4.5 (1,955 reviews)
Fusion Markets Trust Score
BlackBull Markets: 50/100 trust score, FMA and FSA-S regulated, 4.7 Trustpilot.
BlackBull Markets Trust Score
Here is a summary of the regulation differences between the two brokers.
| BlackBull Markets | Fusion Markets | |
|---|---|---|
| Tier 1 Regulation | FMA (New Zealand) | ASIC (Australia) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) | VFSC FSA-S (Seychelles) |
BlackBull Markets appeals to traders seeking well-established regulatory oversight from New Zealand’s FMA. A high Trustpilot score demonstrates excellent customer satisfaction despite its lower regulation score. Fusion markets, on the other hand, cater to those looking for broader regulatory coverage, including ASIC. Its large review base indicates its growing user base and strong trust within the community. Together, these brokers ensure trader confidence by prioritising trust and transparency in their operations.
Both brokers excel in trust and regulation, but Fusion Markets slightly edges out BlackBull Markets due to its broader regulatory score. However, BlackBull Markets shines with its stellar customer reviews and reputation for reliability, making it a highly competitive choice. Ultimately, both brokers click within the forex industry by ensuring a secure trading environment, providing peace of mind for traders worldwide.
Our Stronger Trust and Regulation Verdict
Evidently, Fusion Markets takes the lead in this segment due to their stronger trust and regulation.
BlackBull Markets and Fusion Markets cater to diverse trading preferences with their CFD product offerings. BlackBull Markets takes the spotlight with a superior product range, particularly in cryptocurrencies, share CFDs, and the newly launched investment range in 2025. It provides access to 16 cryptocurrencies and over 2,000 shared CFDS, making it a logical choice for sophisticated traders. Fusion Markets, while slightly trailing in cryptocurrencies (14) and share CFDs (100+), stand out with offerings like Bonds, ETFs, and Futures, which are absent from BlackBull Markets’ lineup.
BlackBull Markets supports traders with its extensive cryptocurrency options and a vast selection of share CFDs, ensuring diverse opportunities for portfolio expansion. Its investment range adds a modern touch for investors looking to diversify further. Fusion Markets, however, appeal to traders seeking access to Bonds, Futures, and other less conventional CFDs. While both brokers contribute to a varied trading experience, BlackBull Markets’ focus on high-demand assets like cryptocurrencies and share CFDs aligns better with the needs of advanced traders.
| CFDs | BlackBull Markets | Fusion Markets |
|---|---|---|
| Forex Pairs | 55 | 84 |
| Indices | 12 | 15 |
| Commodities | 10 Metals 3 Energies 7 Soft Commodities 9 Hard Commodities | 10 Metals (+ 3 Gold Crosses) (+2 Silver Crosses) 3 Energies 11 Softs |
| Cryptocurrencies | 16 | 14 |
| Share CFDs | 2,000+ | 100+ |
| ETFs | No | No |
| Bonds | No | No |
| Futures | Futures 22 | No |
| Treasuries | No | No |
| Investments | Yes 26,000 | No |
BlackBull Markets comes out as the leader in this segment due to its broader and more versatile product range, making it especially appealing to cryptocurrency enthusiasts and sophisticated traders. Fusion Markets, though offering unique CFED options like Bonds and Futures, provide a slightly more niche approach. Both brokers make their mark in the forex industry by tailoring their offerings to meet different trader profiles, ensuring a well-rounded trading experience.
Our Top Product Range and CFD Markets Verdict
BlackBull Markets excels in this niche as a result of its top product range and CFD markets.
BlackBull Markets and Fusion Markets both recognise the significance of education in trading, offering a range of resources to empower traders. BlackBull Markets shines with its frequent webinars, extensive e-book collection, and beginner-focused guides, while Fusion Markets excels in providing detailed tutorials and comprehensive trading courses. Both brokers also offer demo accounts for hands-on learning, with Fusion Markets delivering a more user-friendly experience.
BlackBull Markets supports traders with daily market analysis, modular lessons and a robust educational ecosystem tailored to consistent learning. Its frequent webinars and e-books ensure beginners have access to quality resources. Fusion Markets, on the other hand, enhances the experience with structured courses and tutorials, helping traders deepen their knowledge. Weekly insights and intuitive demo accounts are perfect for novice and intermediate traders. Together, these brokers provide valuable tools for traders at every stage of their journey.
Here’s a comparison of the educational resources each broker offers:
BlackBull Markets leads in educational resources, particularly in variety and frequency, making it an excellent choice for traders prioritising continuous learning. Fusion Markets, while more beginner-friendly in its interface and structured content, offers quality insights perfect for those starting. Both brokers contribute significantly to the forex industry by fostering trader growth and building confidence in their abilities through accessible, high-quality educational tools. Ultimately, the best choice will depend on individual learning styles and preferences.
Our Superior Educational Resources Verdict
It is a neck-to-neck for BlackBull Markets and Fusion Markets as a result of their superior educational resources.
BlackBull Markets and Fusion Markets excel in providing top-notch customer support to traders. Both brokers offer live chat, email, and phone support, ensuring reliable communication channels. However, Fusion Markets takes the lead with its 24/7 support availability, accommodating traders active outside regular market hours. In contrast, BlackBull Markets offers 24/6 support and adds multilingual assistance, broadening its appeal to a more diverse global audience.
Fusion Markets’ round-the-clock support ensures traders can tackle challenges and seize opportunities anytime, enhancing their trading experience. This is particularly advantageous for traders operating across various time zones. BlackBull Markets, while slightly limited in support hours, stands out with its multilingual services, addressing the needs of traders who prefer assistance in languages other than English. These brokers demonstrate a strong commitment to customer care, making forex trading more accessible and efficient.
| Feature | BlackBull Markets | Fusion Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/6 | 24/7 |
| Multilingual Support | Yes | No |
Fusion markets take centre stage in the customer service category due to its 24/7 support, which ensures unparalleled availability for global traders. BlackBull Markets, though falling short in support hours, impresses with its multilingual support, catering to a wider audience. Both brokers prove their dedication to fostering a trader-friendly environment, with their unique strengths complementing their roles in the forex industry. The choice will depend on individual trader priority and availability, or linguistic inclusivity.
Our Superior Customer Service Verdict
Fusion Markets takes the cake in this category due to its superior customer service.
BlackBull Markets and Fusion Markets both provide diverse funding options, catering to the varied needs of forex traders. BlackBull Markets stands out with broader choices, including options like Skrill, UnionPay, and FasaPay, which are not available with Fusion Markets. meanwhile, Fusion Markets appeals to modern traders by offering PayPal, a popular e-wallet solution not supported by BlackBull Markets. Both brokers ensure basic methods like bank transfers, credit cards, and Neteller are accessible, making fund management convenient.
BlackBull markets support traders by emphasizing flexibility and accessibility, with its array of funding options accommodating global clients. Its integration of alternative methods like UnionPay and Fasapay makes it particularly attractive in regions where these are commonly used. Fusion Markets, however, focuses on providing a simplified and modern approach through PayPal, streamlining the funding process for tech-savvy traders. Both brokers commit to efficient account management, avoiding delays and improving the trading experience.
The table below provides a clear comparison for each broker based on our vast testing, which shows the specific funding options:
| Funding Methods | BlackBull Markets | Fusion Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
| UnionPay | Yes | No |
| FasaPay | Yes | No |
| Bitcoin | No | No |
| Ethereum | No | No |
| Litecoin | No | No |
BlackBull Markets leads this portion with its slightly broader range of funding methods, offering traders greater flexibility to manage their accounts efficiently. However, Fusion Markets’ inclusion of PayPal caters to a specific niche, appealing to traders who value modern e-wallet options. To sum it up, these two deliver funding solutions that enhance trader convenience, ensuring smooth and efficient operations across the forex industry. Choosing the better broker ultimately depends on the trader’s preferred payment method and regional needs.
Our Better Funding Options Verdict
BlackBull Markets outpaces the challenger in this segment, in light of their better funding options.
BlackBull Markets and Fusion Markets both attract traders with their no-minimum deposit policies, offering an accessible entry point for beginners testing the waters. However, their recommended deposit amounts differ: BlackBull Markets suggests $500 while Fusion Markets recommends $1,500. BlackBull Markets caters to advanced traders with higher deposit requirements for access to specialised account types, giving experienced traders a robust platform for more complex strategies.
BlackBull Markets supports a spectrum of traders by providing flexibility in deposits and advanced account options. Its $500 recommended deposit strikes a balance for those looking to scale up while managing risks. Fusion Markets, with a $1,500 recommendation, appeals to traders ready to commit more capital, emphasising a straightforward approach to funding. Both brokers create a trading environment that prioritises accessibility and tailored solutions for different trading needs.
| Minimum Deposit | Recommended Deposit | |
| BlackBull Markets | $0 | $500 |
| Fusion Markets | $0 | $1,500 |
While both excel in providing no-minimum deposit accounts, BlackBull Markets edges ahead with its tailored solutions for advanced traders. Its ability to cater to a broader trader base, new or seasoned, offers unmatched versatility. Fusion Markets, with its higher recommended deposit, stands as a reliable choice for traders seeking a simplified yet robust starting point. Our assessments, both demonstrate how forex brokers can blend accessibility and adaptability to meet the evolving needs of traders across the industry.
Our Lower Minimum Deposit Verdict
BlackBull Markets is having its moment in the spotlight because of its lower minimum deposit.
BlackBull Markets offers traders a balanced combination of low spreads, robust regulation, and a user-friendly trading experience, and excels in multiple key areas which makes it the winner is this category. The table below summarises the key information leading to this verdict:
| Criteria | BlackBull Markets | Fusion Markets |
|---|---|---|
| Lowest Spreads And Fees | Yes | Yes |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | Yes | Yes |
| Best Trading Experience And Ease | Yes | Yes |
| Stronger Trust And Regulation | Yes | Yes |
| Top Product Range And CFD Markets | Yes | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | No | Yes |
| Better Funding Options | No | No |
| Lower Minimum Deposit | Yes | Yes |
Fusion Markets is better suited for beginner traders due to its user-friendly platform and comprehensive educational resources.
BlackBull Markets offers advanced trading features and a diverse range of financial instruments which makes it the preferred choice for experienced traders.
Fusion Markets generally offers lower costs compared to BlackBull Markets. Fusion Markets is renowned for its competitive spreads, making it a top choice for cost-conscious traders. For a detailed comparison of broker commissions, you can refer to this low commissions awards page. It’s always advisable for traders to review the spread data and other associated costs before choosing a broker.
Both Fusion Markets and BlackBull Markets offer MetaTrader 4, but Fusion Markets provides a more streamlined experience on the platform. MT4 is a popular choice among traders worldwide, and selecting the right broker can enhance the trading experience. For a comprehensive list of top MT4 brokers, check out this best MT4 brokers guide.
BlackBull Markets offers social trading features, allowing traders to follow and copy the trades of professionals. Social or copy trading can be an excellent way for beginners to learn from experienced traders. If you’re interested in exploring more about social trading platforms, this best social trading platforms guide provides valuable insights.
Neither Fusion Markets nor BlackBull Markets offer spread betting services. Spread betting is a unique form of trading popular in the UK, allowing traders to bet on the price movements of financial instruments. For those interested in spread betting, it’s essential to choose a broker that specializes in this form of trading. You can find a list of the top spread betting brokers in the UK on this best UK spread betting broker guide.
In my opinion, Fusion Markets is the superior choice for Australian Forex traders. Fusion Markets is ASIC regulated, ensuring a high level of trust and security for traders. Additionally, while both brokers cater to the Australian market, Fusion Markets was founded in Australia, giving it a home-ground advantage. For those looking to explore more about the best brokers in Australia, this comprehensive list of the Best Forex Brokers In Australia provides valuable insights.
From my perspective, BlackBull Markets stands out for UK Forex traders. While both brokers offer services to the UK market, it’s essential to note that neither is FCA regulated. However, BlackBull Markets provides a more comprehensive trading experience tailored to the needs of UK traders. For a deeper dive into the best brokers for UK traders, this top UK trading platform review is a great resource.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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