This BlackBull Markets vs Fusion Markets review found both forex brokers have MT4 and MT5, but BlackBull has TradingView and 3 social trading tools. See how each broker compares.
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
Our full comparison covers the 10 most important trading factors. Here are five noticeable differences between BlackBull Markets and Fusion Markets:
Trading costs are a significant factor when choosing a forex broker. They can directly impact your profitability, especially if you’re a high-volume trader.
1. Spreads
Looking at the average standard account spreads for the forex pairs; there are some noticeable differences between BlackBull Markets and Fusion Markets.
BlackBull Markets has slightly higher spreads across the board. For example, the EUR/USD pair has a spread of 1.2 compared to Fusion Markets’ 0.93. This trend continues with the other pairs, with BlackBull consistently showing higher spreads.
| Forex Pair | BlackBull Markets | Fusion Markets | Industry Average |
|---|---|---|---|
| EUR/USD | 1.2 | 0.93 | 1.18 |
| USD/JPY | 1.3 | 1.02 | 1.37 |
| GBP/USD | 1.4 | 1.08 | 1.51 |
| AUD/USD | 1.7 | 0.92 | 1.41 |
| USD/CAD | 1.5 | 0.98 | 1.70 |
| EUR/GBP | 1.5 | 0.98 | 1.56 |
| EUR/JPY | 1.9 | 1.31 | 1.85 |
| AUD/JPY | 2.1 | 1.4 | 2.09 |
Standard Account Analysis Updated April 2024[1]April 2024 Published And Tested Data
However, when we compare these brokers to the industry average, a different picture emerges. Both brokers offer competitive spreads, with Fusion Markets often coming in below the industry average. For instance, the industry average for the EUR/USD pair is 1.18, which is higher than Fusion Markets’ 0.93.
In conclusion, while BlackBull Markets offers competitive spreads, Fusion Markets appears to be the cheaper option when compared to the industry average. However, it’s important to remember that costs are just one factor to consider when choosing a forex broker. Other factors, such as customer service, trading platforms, and overall trading experience, should also be taken into account.
2. Commissions
In terms of commissions, BlackBull Markets charges a higher commission per lot compared to Fusion Markets. This means that for each trade, you’ll be paying more in commission costs with BlackBull Markets.
3. Deposit & Withdrawal Fees
Both brokers do not charge any fees for deposits and withdrawals, which is a plus point for both. It’s always beneficial to have more of your funds available for trading rather than paying unnecessary fees.
4. Other Fees
There are no other significant fees to note with either broker. Both brokers are transparent about their fee structures, which is a positive aspect for traders.
Verdict: When it comes to trading costs, Fusion Markets comes out on top due to its lower spreads and commissions. However, it’s essential to consider other factors, such as trading environment and customer service, when choosing a broker.
Fusion Markets ReviewVisit Fusion Markets
| Criteria | BlackBull Markets | Fusion Markets |
|---|---|---|
| Spreads | Higher | Lower |
| Commissions | Higher | Lower |
| Deposit & Withdrawal Fees | None | None |
| Other Fees | None | None |
Trading platforms are the gateway to the markets for traders. They should be user-friendly, stable, and offer a wide range of tools for analysis.
1. MetaTrader 4 and 5
Both BlackBull Markets and Fusion Markets offer MetaTrader 4 and 5, the most popular trading platforms in the forex industry. These platforms are known for their reliability, wide range of trading tools, and compatibility with automated trading systems.
2. cTrader and TradingView
Neither BlackBull Markets nor Fusion Markets offer cTrader or TradingView platforms. If these platforms are essential for your trading, you may need to consider other brokers.
| Criteria | BlackBull Markets | Fusion Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | BlackBull Social BlackBull Shares BlakcBull Trade |
No |
| VPS Services | Yes | Yes |
3. Social And Copy Trading
BlackBull Markets offers a variety of social and copy trading features, including MetaTrader Signals, ZuluTrade, MyFxBook, and BlackBull Social. These features allow you to follow and copy trades from successful traders, which can be a great way to learn and improve your trading skills.
Fusion Markets, on the other hand, offers MetaTrader Signals and DupliTrade for social and copy trading. These features also allow you to follow and copy trades from successful traders, providing an opportunity to learn from experienced traders.
Verdict: Both brokers offer a range of social and copy trading features. However, BlackBull Markets offers a slightly wider range of options, making it the winner in this category.
Black Markets ReviewVisit Black Markets
| Broker | Social And Copy Trading Platforms |
|---|---|
| BlackBull Markets | MetaTrader Signals, ZuluTrade, Myfxbook, BlackBull Social |
| Fusion Markets | MetaTrader Signals, DupliTrade |
4. Automated Trading
BlackBull Markets
BlackBull Markets supports automated trading through the use of Expert Advisors (EAs) on the MetaTrader 4 and MetaTrader 5 platforms. EAs can automate both analytical and trading processes, allowing trades to be opened and closed in accordance with pre-set parameters.
Fusion Markets
Fusion Markets also supports automated trading through the use of Expert Advisors (EAs) on the MetaTrader 4 and MetaTrader 5 platforms. Similar to BlackBull Markets, EAs can automate the trading process, allowing for a hands-off approach to trading.
Verdict: Both brokers offer support for automated trading through the use of Expert Advisors (EAs) on the MetaTrader platforms. This makes it a tie in this category.
| Broker | Trading Tools |
|---|---|
| BlackBull Markets | Expert Advisors (EAs) |
| Fusion Markets | Expert Advisors (EAs) |
5. VPS and Other Trading Tools
Both brokers offer VPS services for traders who use automated trading systems. They also provide various other trading tools to assist traders, such as economic calendars, market news, and technical analysis tools.
Verdict: Both brokers offer a similar range of trading platforms and tools, making this category a tie. However, the choice between the two would depend on your personal preference and trading style.
BlackBull Markets offers three types of accounts: Standard, Prime, and Institutional. The Standard account is commission-free, while the Prime and Institutional accounts offer lower spreads but include a commission per lot.
Fusion Markets, on the other hand, offers two types of accounts: Classic and Zero. The Classic account is commission-free with slightly higher spreads, while the Zero account has lower spreads but includes a commission per lot.
Verdict: The choice between BlackBull Markets and Fusion Markets would depend on your trading volume and strategy. If you’re a high-volume trader, you might prefer the lower spreads offered by the Prime account of BlackBull Markets or the Zero account of Fusion Markets. However, if you trade less frequently, the Standard account of BlackBull Markets or the Classic account of Fusion Markets might be more suitable.
| Criteria | BlackBull Markets | Fusion Markets |
|---|---|---|
| Account Types | Standard, Prime, Institutional | Classic, Zero |
The trading environment encompasses several factors, including execution speeds, server stability, and the overall reliability of the trading platform.
Based on our research, both BlackBull Markets and Fusion Markets offer a robust trading environment. However, Fusion Markets has a slight edge due to its superior execution speeds, which can be crucial for traders who rely on quick order execution.
Verdict: Fusion Markets wins in this category due to its superior execution speeds. However, both brokers offer a reliable and stable trading environment.
Fusion Markets ReviewVisit Fusion Markets
| Criteria | BlackBull Markets | Fusion Markets |
|---|---|---|
| Execution Speeds | Good | Excellent |
| Server Stability | Good | Good |
| Overall Reliability | Good | Good |
Fusion Markets Trust Score
BlackBull Markets Trust Score
BlackBull Markets is regulated by the New Zealand Financial Markets Authority (FMA) and the Seychelles Financial Services Authority (FSA-S), while Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC) and the Financial Services Authority of Seychelles (FSA-S). Both brokers adhere to strict regulatory standards, which include keeping client funds in segregated accounts and providing a fair trading environment.
| 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) |
Verdict: Both brokers are trustworthy and well-regulated. However, Fusion Markets has an edge due to its dual regulation by ASIC and VFSC.
When it comes to the range of products and CFD markets, both BlackBull Markets and Fusion Markets offer a diverse selection. However, to provide a clearer picture, we’ve compiled a table comparing the range of CFDs, products, and markets available from both brokers based on our own testing and the information provided on their respective websites.
| Product/Market | BlackBull Markets | Fusion Markets |
|---|---|---|
| Forex | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Cryptocurrencies | Yes | No |
| Stocks | Yes | Yes |
| Metals | Yes | Yes |
| Energies | Yes | Yes |
| Bonds | No | Yes |
| ETFs | No | Yes |
| Options | No | No |
| Futures | No | Yes |
Verdict: Based on the above comparison, BlackBull Markets offers a slightly broader range in certain categories, especially in Cryptocurrencies. However, Fusion Markets compensates with its offerings in Bonds, ETFs, and Futures. Choosing the best broker in terms of product range and CFD markets would depend on individual trading preferences and requirements.
Both BlackBull Markets and Fusion Markets understand the importance of education in the world of trading. They offer a range of resources to help traders, both beginners and experienced, to enhance their skills and knowledge. Here’s a comparison of the educational resources each broker offers:
Verdict: Based on our testing, BlackBull Markets slightly edges out Fusion Markets in terms of the breadth and depth of educational resources. However, Fusion Markets offers quality content, especially for beginners. The choice would depend on individual learning preferences.
Both BlackBull Markets and Fusion Markets offer excellent customer service, including live chat, email support, and phone support. However, Fusion Markets stands out with its 24/7 customer service, which can be particularly useful for traders who trade outside of regular market hours.
Verdict: While both brokers offer excellent customer service, Fusion Markets wins this category due to its 24/7 customer support.
Fusion Markets ReviewVisit Fusion Markets
| Criteria | BlackBull Markets | Fusion Markets |
|---|---|---|
| Customer Service | Excellent | Superior |
When it comes to funding options, both BlackBull Markets and Fusion Markets offer a variety of choices to their clients. From traditional bank transfers to modern e-wallet solutions, traders have the flexibility to choose the method that best suits their needs. It’s essential for traders to have access to multiple funding options, as it allows them to manage their trading accounts efficiently and avoid potential delays in depositing or withdrawing funds.
Our extensive testing reveals the specific funding options available for each broker. The table below provides a clear comparison between the two:
| Funding Option | BlackBull Markets | Fusion Markets |
|---|---|---|
| Bank Transfer | ✅ | ✅ |
| Credit Card | ✅ | ✅ |
| PayPal | ❌ | ✅ |
| Skrill | ✅ | ❌ |
| Neteller | ✅ | ✅ |
| UnionPay | ✅ | ❌ |
| FasaPay | ✅ | ❌ |
| Bitcoin | ❌ | ❌ |
| Ethereum | ❌ | ❌ |
| Litecoin | ❌ | ❌ |
Verdict: Based on the available funding options, BlackBull Markets offers a slightly broader range of choices compared to Fusion Markets, making it the preferred choice for traders seeking diverse funding methods.
The initial deposit required to open a trading account can be a significant factor for many traders, especially those just starting out. A lower minimum deposit allows traders to test the waters without committing a large sum, while brokers with higher minimum deposits might offer more advanced features or benefits.
BlackBull Markets and Fusion Markets both cater to a wide range of traders, from beginners to professionals. Their minimum deposit requirements vary depending on the account type. Here’s a breakdown of their minimum deposit amounts:
| Broker | ECN Standard | ECN Prime | ECN Institutional | Classic | Zero |
|---|---|---|---|---|---|
| BlackBull Markets | $0 | $2,000 | $25,000 | – | – |
| Fusion Markets | – | – | – | $0 | $0 |
Verdict: Both BlackBull Markets and Fusion Markets offer accounts with no minimum deposit requirement. However, for advanced account types, BlackBull Markets has higher deposit requirements.
Fusion Markets is the winner because it excels in multiple key areas, offering traders a balanced combination of low spreads, robust regulation, and a user-friendly trading experience. The table below summarises the key information leading to this verdict:
| Criteria | Fusion Markets | BlackBull Markets |
|---|---|---|
| Lowest Spreads And Fees | ✅ | ❌ |
| Better Trading Platform | ❌ | ✅ |
| Superior Accounts And Features | ✅ | ✅ |
| Best Trading Experience And Ease | ✅ | ❌ |
| Stronger Trust And Regulation | ✅ | ❌ |
| Top Product Range And CFD Markets | ✅ | ✅ |
| Superior Educational Resources | ✅ | ✅ |
| Superior Customer Service | ✅ | ❌ |
| Better Funding Options | ❌ | ✅ |
| Lower Minimum Deposit | ✅ | ❌ |
Fusion Markets is better suited for beginner traders due to its user-friendly platform and comprehensive educational resources.
BlackBull Markets is the preferred choice for experienced traders, offering advanced trading features and a diverse range of financial instruments.
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 forex 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 Australian forex broker list 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 spread page..
