This FP Markets vs Fusion Markets review found that Fusion offers industry-leading commissions of AUD 2.25 per lot plus low spreads and 90 forex pairs. FP Markets however has a wider range of markets and platforms to trade.
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Our comprehensive comparison covers the 10 most crucial trading factors to help you make an informed decision. Here are five key differences between FP Markets and Fusion Markets:
Spreads
Looking at the data, it’s clear that there are some differences in the standard account spreads between FP Markets, Fusion Markets, and the industry average.
FP Markets consistently offers lower spreads across all forex pairs compared to Fusion Markets. For instance, the EUR/USD pair has a spread of 1.1 for FP Markets, while Fusion Markets has a spread of 1.3. This trend continues across all pairs, with FP Markets offering lower spreads than Fusion Markets.
| Standard Account | FP Markets Spreads | Fusion Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.38 | 1.15 | 1.6 |
| EUR/USD | 1.2 | 0.89 | 1.2 |
| USD/JPY | 1.5 | 1.2 | 1.4 |
| GBP/USD | 1.4 | 1.11 | 1.6 |
| AUD/USD | 1.3 | 0.95 | 1.5 |
| USD/CAD | 1.4 | 1.05 | 1.8 |
| EUR/GBP | 1.2 | 1.06 | 1.5 |
| EUR/JPY | 1.4 | 1.43 | 1.9 |
| AUD/JPY | 1.6 | 1.49 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
However, when we compare these two brokers to the industry average, the picture becomes a bit more nuanced. While FP Markets offers lower spreads than the industry average for some pairs (like EUR/USD and USD/JPY), it has higher spreads for others (like USD/CAD and AUD/JPY). Fusion Markets, on the other hand, consistently offers higher spreads than the industry average across all pairs.
Based on this analysis, I would argue that FP Markets is generally the cheaper option when it comes to standard account spreads. However, it’s important to note that the “cheapest” broker can vary depending on the specific forex pair you’re trading. As always, it’s crucial to consider your specific trading needs and strategies when choosing a broker.
Commissions
In terms of commissions, Fusion Markets has a slight edge. According to our research, Fusion Markets charges a commission of $4.50 per lot, which is lower than the $7.00 per lot charged by FP Markets. This difference can add up, especially for high-volume traders.
| | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| FP Markets | $3.00 | N/A | £2.25 | €2.75 |
| Fusion Markets | $2.25 | $2.25 | N/A | N/A |
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
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 |
|
1.00 | 1.00 | 1.20 | 1.30 | 1.00 |
|
1.12 | 1.64 | 1.30 | 1.30 | 1.38 |
|
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
However, it’s worth noting that FP Markets offers a commission-free account type (the Standard account), where costs are included in the spread. This might be a more suitable option for beginner traders or those who trade in smaller volumes.
Our Lowest Spreads and Fees Verdict
While both FP Markets and Fusion Markets offer competitive spreads, Fusion Markets wins this section due to its lower commission charges.
Fusion Markets ReviewVisit Fusion Markets
Both FP Markets and Fusion Markets offer the popular MetaTrader 4 and MetaTrader 5 platforms, known for their reliability, user-friendly interface, and advanced trading features. These platforms are suitable for both beginner and experienced traders, offering a range of tools for technical analysis, automated trading, and customizability.
| Trading Platform | FP 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 |
FP Markets also offers the IRESS platform, which is more suited for advanced traders and offers more sophisticated features, including advanced order types, comprehensive charting tools, and a customizable interface.
Our Better Trading Platform Verdict
While both brokers offer reliable and user-friendly trading platforms, FP Markets wins this section due to the additional offering of the IRESS platform.
FP Markets offers two main types of accounts: the Standard account and the Raw account. The Standard account is commission-free with slightly wider spreads, making it suitable for beginners or low-volume traders. The Raw account, on the other hand, offers tighter spreads with a commission per lot, making it more suitable for high-volume traders or scalpers.
Fusion Markets also offers two account types: the Classic account and the Zero account. The Classic account is commission-free with wider spreads, while the Zero account offers tighter spreads with a commission per lot.
| FP 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 |
Our Superior Accounts and Features Verdict
Both brokers offer flexible account types to suit different trading styles and preferences. However, FP Markets wins this section due to its more competitive spreads on the Raw account.
When it comes to trading experience, FP Markets and Fusion Markets both have their unique selling points. FP Markets offers a robust trading environment with MetaTrader 4 and 5, which are platforms that I’ve always found reliable and versatile. Fusion Markets, however, really stands out with its cTrader platform, offering a more intuitive and user-friendly experience.
| | Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank |
|---|---|---|---|---|
| FP Markets | 225ms | 31/36 | 96ms | 8/36 |
| Fusion Markets | 79ms | 3/36 | 77ms | 1/36 |
Our Best Trading Experience and Ease Verdict
If you’re looking for a diversified trading environment with multiple platform options, FP Markets is the way to go. However, if a simplified, streamlined trading experience is what you’re after, Fusion Markets is your best bet.
Fusion Markets Trust Score
FP Markets Trust Score
Trust and regulation are crucial factors to consider when choosing a forex broker. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), two reputable regulatory bodies. This ensures a high level of investor protection and adherence to strict regulatory standards.
Fusion Markets is also regulated by ASIC, providing a similar level of trust and security. However, it lacks additional regulation from another reputable regulatory body.
| FP Markets | Fusion Markets | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) CYSEC (Cyprus) | ASIC (Australia) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) | VFSC FSA-S (Seychelles) |
Our Stronger Trust and Regulation Verdict
While both brokers are trustworthy and well-regulated, FP Markets wins this section due to its dual regulation.
FP Markets offers a broader range of CFDs, including commodities, indices, and even ETFs. Fusion Markets, on the other hand, is more focused on forex pairs, which might be a limitation for traders who want to diversify their portfolios.
| CFDs | FP Markets | Fusion Markets |
|---|---|---|
| Forex Pairs | 63 | 84 |
| Indices | 19 | 15 |
| Commodities | 4 Metals (vs USD, AUD, EUR) 4 Energies 5 Softs | 10 Metals (+ 3 Gold Crosses) (+2 Silver Crosses) 3 Energies 11 Softs |
| Cryptocurrencies | 12 | 14 |
| Shares CFDs | 10000+ (with IRESS) 814 (with MT5) | 100+ |
| ETFs | 46 | No |
| Bonds | 2 | No |
| Futures | No | No |
| Treasuries | 2 | No |
| Investment | No | No |
Our Top Product Range and CFD Markets Verdict
If you’re looking to diversify your trading portfolio across various asset classes, FP Markets offers a more comprehensive range of CFDs and markets.
FP Markets offers a comprehensive suite of educational resources, including webinars, eBooks, and video tutorials. Fusion Markets, however, seems to focus more on beginner-friendly guides and FAQs, which is great for newcomers but may lack depth for more experienced traders.
Our Superior Educational Resources Verdict
Based on our in-depth analysis and scores, FP Markets offers a more comprehensive and advanced set of educational resources.
Customer service is a cornerstone in trading, and both brokers excel in different areas. FP Markets offers 24/5 customer support and caters to multiple languages, which is a significant advantage. Fusion Markets shines in response time, ensuring that traders get quick answers to their queries.
| Feature | FP Markets | Fusion Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/7 |
| Multilingual Support | Yes | No |
Our Superior Customer Service Verdict
If you value a multilingual support team that’s available 24/5, FP Markets is your go-to. However, if quick response time is a priority for you, Fusion Markets takes the cake.
Funding options are crucial for a smooth trading experience. FP Markets offers a wider array of funding options, including cryptocurrencies, which Fusion Markets lacks.
| Funding Option | FP Markets | Fusion Markets |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | Yes |
| Klarna | No | No |
Our Better Funding Options Verdict
If you’re looking for a variety of funding options, including cryptocurrencies, FP Markets is clearly the better choice.
The minimum deposit can be a deciding factor, especially for new traders. FP Markets requires a higher initial deposit, making it less accessible for those on a budget. Fusion Markets, on the other hand, requires a lower minimum deposit, making it more appealing to beginners.
| | Minimum Deposit | Recommended Deposit |
| FP Markets | $100 | $100 |
| Fusion Markets | $0 | $1,500 |
Our Lower Minimum Deposit Verdict
For traders who are just starting out or are on a budget, Fusion Markets is the more accessible option with its lower minimum deposit requirement.
FP Markets is the winner because it offers a more comprehensive range of services, from lower spreads to superior educational resources. The table below summarises the key information leading to this verdict.
| Criteria | FP Markets | Fusion Markets |
|---|---|---|
| Lowest Spreads And Fees | No | Yes |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | Yes | No |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | Yes | No |
| Top Product Range And CFD Markets | Yes | No |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | Yes | No |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | No | Yes |
For beginner traders, Fusion Markets is the better option due to its lower minimum deposit and user-friendly platform.
For experienced traders, FP Markets is the superior choice, offering a wide range of CFDs and advanced educational resources.
FP Markets has lower costs. They offer lower spreads across most forex pairs. For more in-depth information on low spreads, you can visit our Lowest Commission Brokers page.
FP Markets is better for MetaTrader 4. They offer a robust MT4 platform with more features. For more details, check out our Best MT4 Brokers.
Neither FP Markets nor Fusion Markets offer social trading. However, there are other brokers that do, which you can find on our best copy trading platforms page.
Neither FP Markets nor Fusion Markets offer spread betting. For brokers that do, visit our best spread betting brokers page.
In my opinion, FP Markets is superior for Australian Forex traders. They are ASIC regulated and founded in Australia. For more details, you can visit our Best Forex Brokers In Australia page.
In my view, FP Markets is also superior for UK Forex traders. They are FCA regulated but are not founded in the UK. For more information, you can visit our Best Forex Brokers In UK page.
No commission account spread proprietary testing data and published website spread information, centralised on our Standard Account Spreads page.
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