This Eightcap vs Fusion Markets forex broker comparison found both the brokers have low spreads and offer MetaTrader 4 and 5 trading platforms. Eightcap offers 40 forex pairs and 250 cryptos, Fusion Markets has lower commissions. Find out more here.
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Our comprehensive comparison covers the 10 most important trading factors. Here are five key differences between Eightcap and Fusion Markets:
When calculating the costs of trading with a broker, you should check the spreads and commission costs. Narrow spreads and low commission costs mean you will pay less when trading.
Between EightCap and Fusion Markets, we found that Fusion tends to have lower spreads than EightCap, and Fusion Markets also has extremely low commission fees.
Minimum Standard Account Spreads Slightly Lower On Fusion Markets
The ‘standard’ trading account offered by most forex and CFD brokers has no commission costs, but the spreads are slightly wider compared to market prices. EightCap (like most brokers) call this account a standard account while Fusion Markets call it a Classic account.
On Fusion Markets, Classic Account spreads start from 0.8 pips for currency pairs. This broker simply adds a flat 0.8 pips on top of the market price when providing quotes.
In comparison, EightCap has a higher minimum spread of 1.0 pip. However, spreads with this broken vary when widened. Spreads can widen by less than 1.0 pips.
While it is a safe conclusion Fusion Markets has a cheaper commission-free account, there are other brokers with better offerings. Pepperstone and IC Markets for example have spreads starting from 0.6 pips.
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Standard Account Spreads
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0.93 | 0.92 | 0.98 | 1.08 | 1.02 |
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1.00 | 1.00 | 1.20 | 1.30 | 1.00 |
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1.10 | 1.20 | 1.40 | 1.40 | 1.40 |
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1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
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0.90 | 1.30 | 1.40 | 1.40 | 1.40 |
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0.70 | 2.20 | 1.10 | 1.10 | 0.60 |
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1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
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1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
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1.10 | 1.20 | 1.40 | 1.50 | 1.20 |
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1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2024
Both Brokers’ STP Account Spreads Start As Low As 0 Pips
Straight-Through-Processing (STP) refers to the process where brokers directly link trades that you make with liquidity suppliers instead of acting as the ‘opposite party’ in the trade. This provides you with market price spreads, however, brokers charge commission fees for facilitating STP transactions.
On both the EightCap Raw Spread and Fusion Markets’ ZERO Accounts, the minimum spread possible is 0 pips on the EUR/USD.
The average spread for both brokers’ STP-style accounts is also very close to zero pips, meaning your spreads will be extremely low much of the time.
Fusion Markets Has The Lowest Commission Costs
Given most brokers charge USD 7.00 round-turn for each standard lot, it is fair to say that Fusion Markets’ commission of USD 4.50 round-turn for their Zero Account is very low. If you are a high-volume trader, a saving of $1.25 each time you make a trade is a significant saving.
Round-turn commission costs for other base currencies with Fusion Markets include AUD and CAD 6.00, SGD, $6.20, EUR 4.05 and GBP 3.55.
Eightcap commission costs are slightly higher with their Raw spread account compared to Fusion Markets. Dollar currencies such as AUD, USD, SGD and CAD are $7.00 round-turn while EUR 5.50, and GBP 4.50.
If you are using a commission-based account, Fusion Markets’ lower commission fees can lead to significant savings. Remember, commission costs are paid on top of the spread, so if spreads are the same or very similar, Fusion Markets Zero spread account can be a better choice.
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ECN Broker Spreads
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0.03 | 0.11 | 0.02 | 0.19 | 0.05 |
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0.23 | 0.20 | 0.06 | 0.42 | 0.27 |
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0.20 | 0.30 | 0.20 | 0.40 | 0.20 |
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0.20 | 0.30 | 0.10 | 0.30 | 0.20 |
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0.40 | 0.60 | 0.10 | 0.40 | 0.20 |
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0.50 | 0.60 | 0.30 | 0.50 | 0.50 |
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0.30 | N/A | 0.30 | 0.50 | 0.40 |
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0.20 | 0.83 | 0.44 | 0.40 | 0.42 |
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0.24 | N/A | 0.17 | 0.54 | 0.30 |
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0.30 | 0.70 | 0.20 | 0.50 | 0.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2024
View Fusion Markets ReviewVisit Fusion Markets
Standard Account Spreads
When it comes to standard account spreads, the devil is in the details. Let’s take a closer look at Eightcap and Fusion Markets. Eightcap has a spread of 1.00 for EUR/USD, which is slightly higher than Fusion Markets’ spread of 0.93. However, when we look at AUD/JPY, Eightcap’s spread is 1.90, significantly higher than Fusion Markets’ 1.40.
In my opinion, Fusion Markets seems to be the cheaper option here. Their spreads are consistently lower than Eightcaps across all forex pairs. But it’s not just about the numbers. As a trader, I also value the overall trading experience, which includes factors like execution speed, ease of use, and customer service.
| Forex Pair | Eightcap | Fusion Markets | Industry Average |
|---|---|---|---|
| EUR/USD | 1.00 | 0.93 | 1.35 |
| USD/JPY | 1.10 | 1.02 | 1.54 |
| GBP/USD | 1.00 | 1.08 | 1.68 |
| AUD/USD | 1.20 | 0.92 | 1.63 |
| USD/CAD | 1.00 | 0.98 | 1.93 |
| EUR/GBP | 1.00 | 0.98 | 1.69 |
| EUR/JPY | 1.20 | 1.31 | 2.04 |
| AUD/JPY | 1.90 | 1.40 | 2.31 |
Standard Account Analysis Updated April 2024[1]April 2024 Published And Tested Data
However, it’s also important to consider the industry average. For example, the industry average spread for EUR/USD is 1.35, which is higher than both Eightcap and Fusion Markets. This tells us that both brokers are offering competitive spreads, even if Fusion Markets is slightly cheaper. So, while Fusion Markets may be the cheaper option, both brokers are offering good value compared to the industry average.
Verdict
Eightcap emerges as the undisputed leader in the realm of spreads and fees. Not only do they offer incredibly low spreads starting from 0.0 pips, but their commission structure is also more trader-friendly. This makes them the go-to broker for anyone looking to maximise their profits by minimising trading costs.
Both brokers provide MetaTrader 4 and 5, but Eightcap takes it up a notch. They’ve partnered with Capitalise.ai, allowing traders to automate their strategies without any coding skills. Fusion Markets sticks to the basics, offering the standard MT4 and MT5 platforms without any additional bells and whistles.
Verdict
When it comes to trading platforms, Eightcap clearly has the edge. Their partnership with Capitalise.ai offers a unique value proposition, allowing traders to automate their strategies without needing to code. This is a game-changer for both novice and experienced traders, making Eightcap the more versatile and forward-thinking choice.
Eightcap provides two main types of accounts: Standard and Raw. The Raw account offers lower spreads but includes a commission. Fusion Markets also has similar accounts but lacks the additional features that Eightcap provides, such as social trading add-ons and a wider range of instruments.
Verdict
Eightcap takes the cake with its account offerings and additional features. The broker provides a more comprehensive trading environment, from social trading add-ons to a wider range of tradable instruments. This makes Eightcap the more adaptable and feature-rich broker, suitable for traders of all styles and preferences.
When it comes to trading experience, both Eightcap and Fusion Markets offer MetaTrader 4 and 5, but the devil’s in the details. Eightcap has partnered with FX Blue Labs, providing a range of expert advisors and widgets.
Fusion Markets, on the other hand, spices things up with social-trading add-ons like Myfxbook and DupliTrade. So, whether you’re into automated trading or social trading, both brokers have got you covered.
Verdict
Eightcap takes the lead in providing the best trading experience and ease of use. Their user interface is intuitive, and the trading process is streamlined for efficiency. The broker also offers a range of educational resources and customer support options that make the trading journey smoother for both beginners and seasoned traders. In contrast, Fusion Markets offers a decent trading experience but lacks the additional resources and user-friendly interface that Eightcap provides. Overall, Eightcap offers a more comprehensive and enjoyable trading experience.
Eightcap Trust Score
Fusion Markets Trust Score
Both brokers are regulated by the Australian Securities and Investments Commission (ASIC), which is a strong point for trustworthiness. However, Eightcap has an edge as it’s also regulated by the Securities Commission of the Bahamas, giving it an additional layer of regulatory oversight.
| Eightcap | Fusion Markets | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) |
ASIC (Australia) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | SCB (Bahamas) | VFSC FSA-S (Seychelles) |
Verdict
In terms of trust and regulation, Eightcap stands out for its dual regulatory oversight. Being regulated by both ASIC and the Securities Commission of the Bahamas adds an extra layer of security and trustworthiness. This dual regulation makes Eightcap a safer choice for traders who prioritize regulatory compliance and fund safety.
| Product Type | Eightcap | Fusion Markets |
|---|---|---|
| Cryptocurrencies | Over 250 | 8 |
| Forex Pairs | 40 | 90 |
| Energies | 2 | 3 |
| Indices | 10 | 10 |
| Precious Metals | – | 9 |
| Stocks | Over 400 | – |
| Commodities | – | – |
| ETFs | – | – |
| Bonds | – | – |
| Options | – | – |
Verdict
Eightcap offers a more extensive range of products and CFD markets, making them the broker of choice for traders looking for diversity in trading options. Their offerings are not only vast but also include some of the most sought-after assets, giving traders more opportunities for profit.
Eightcap and Fusion Markets both offer educational resources, but they differ in scope and depth. Eightcap focuses more on webinars and articles, while Fusion Markets leans towards video tutorials and eBooks.
Verdict
Eightcap takes the lead in educational resources, offering a comprehensive suite of educational materials that cater to traders of all levels. From webinars to e-books, they provide the tools necessary for traders to up their game, making them the top choice for educational support.
Eightcap and Fusion Markets both offer robust customer service, but they excel in different areas. Eightcap shines with its 24/5 live chat support, while Fusion Markets offers multiple languages.
| Feature | Eightcap | Fusion Markets |
|---|---|---|
| Live Chat | 24/5 | 24/5 |
| Multiple Languages | No | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| FAQ Section | Yes | Yes |
Both Eightcap and Fusion Markets offer a variety of funding options, but Eightcap takes the lead with more choices, including cryptocurrency deposits.
| Funding Option | Eightcap | Fusion Markets |
|---|---|---|
| Visa/Mastercard | ✓ | ✓ |
| PayPal | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Cryptocurrency | ✓ | ✗ |
| Bank Transfer | ✓ | ✓ |
Verdict
Eightcap offers a wider range of funding options, including various e-wallets and bank transfer methods, providing greater flexibility and convenience for traders. This makes them the better choice for traders who require diverse funding options to suit their financial needs.
Fusion Markets has a lower minimum deposit of $0 than Eightcap, which has a $100 requirement. Regardless of where you reside, you can use the $0 feature:
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £0 | $0 | €0 | $0 |
| Bank Wire | £0 | $0 | €0 | $0 |
| Paypal | £0 | $0 | €0 | $0 |
| Skrill | £0 | $0 | €0 | $0 |
Conversely, Eightcap doesn’t have certain payment methods available for some traders.
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 | $100 | €100 | $100 |
| Bank Wire | £100 | $100 | €100 | $100 |
| Skrill | N/A | $100 | €100 | N/A |
| Neteller | N/A | $100 | €100 | N/A |
Verdict
Fusion Markets win this round, not only for their lower minimum deposit, but for its availability for traders all over.
Eightcap is the winner because it offers a more comprehensive range of services, from lower spreads to better funding options. The table below summarises the key information leading to this verdict.
| Criteria | Eightcap | Fusion 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 | ✓ | ✗ |
Eightcap is the better choice for beginner traders.
For experienced traders, Eightcap still takes the lead.
Eightcap is the winner when it comes to lower costs. They offer spreads as low as 0.0 pips on major currency pairs like EUR/USD. Fusion Markets, on the other hand, starts their spreads at 0.8 pips. Eightcap also has a more competitive commission structure, making it the more cost-effective option. For more information on low-cost brokers, you can visit our Low Commissions Awards page.
Both brokers offer MetaTrader 4, but Eightcap stands out due to its partnership with Capitalise.ai, which allows for automated trading without coding. Fusion Markets offers a standard MT4 experience without these additional features. For more details, check out our Best MT4 Brokers page.
Neither Eightcap nor Fusion Markets offer built-in social or copy trading features. However, Eightcap’s partnership with Capitalise.ai does allow for some level of strategy automation. For more on social trading platforms, visit our Best Copy Trading Platforms page.
No, neither Eightcap nor Fusion Markets offer spread betting as a trading option. They focus more on forex and CFD trading. For brokers that do offer spread betting, you can visit our Best Spread Betting Brokers in the UK page.
Eightcap is the superior choice for Australian Forex traders. Both brokers are ASIC-regulated, but Eightcap offers lower spreads and a more comprehensive trading environment. For more information, check out our Best Australian Forex Brokers page.
Fusion Markets is the better choice for UK Forex traders, primarily because they are FCA-regulated. Eightcap, while a strong contender, is not FCA-regulated. For more details, visit our Best UK Forex Brokers page.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
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