Eightcap
Fusion Markets
Our Rating
8.50
8.17
Eightcap review
Fusion Markets Review
Eightcap don't provide % of clients who lose money
Lowest Commissions

Regulations and Licenses

Feature
Eightcap
Fusion Markets
ASIC (Australia)
SCB (Bahamas)
VFSA (Vanuatu)

Brokerage

Feature
Eightcap
Fusion Markets
EUR/USD Avg. Raw Spread
0.06
0.02
GBP/USD Avg. Raw Spread
0.73
0.09
AUD/USD Avg. Raw Spread
0.27
0.50
EUR/USD Standard Spread
1.06
-
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$3.50
$2.25
Minimum Deposit
$250 (Raw)
$500 (Standard)
$0
Swap Free Account
No Inactivity Fees
Funding Methods
8+
12+
No Funding Fees

Markets and Instruments

Feature
Eightcap
Fusion Markets
Currency Pairs
40+
90+
Cryptocurrency CFDs*
250+
8+
Index CFDs
10+
10+
Share CFDs
400+
-
Commodities CFD
4+
16+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (With offshore regulators)
500:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Eightcap
Fusion Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Low ECN Spreads
Industry low commission fees

Overall

Eightcap
Fusion Markets
Our Rating
8.50
8.17
Eightcap review
Fusion Markets Review
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Is It Cheaper To Trade On EightCap Or 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 have 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.

Standard Account Spreads
1.06 1.27 1.42 1.73 1.23
0.82 0.85 0.99 0.89 0.83
1.20 1.20 1.40 1.50 1.20
0.75 0.85 1.40 1.19 0.86
0.86 0.74 1.19 1.19 0.83
0.70 1.30 1.30 2.20 1.40
0.80 0.90 1.70 1.80 0.80
1.20 1.10 1.10 1.70 1.40
1.30 1.50 1.80 2.00 1.30
1.10 1.20 1.40 1.50 1.20
1.30 1.40 1.50 1.50 1.40

Data taken from broker website. Accurate as at 01/05/2022

Eightcap Review >>Visit Eightcap >>

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.

ECN Broker Spreads
0.03 0.11 0.02 0.19 0.05
0.23 0.20 0.06 0.42 0.27
0.20 0.30 0.20 0.40 0.20
0.30 0.40 0.20 0.40 0.30
0.26 0.47 0.17 0.40 0.24
0.50 0.60 0.30 0.50 0.50
0.30 N/A 0.30 0.50 0.40
0.20 0.83 0.44 0.40 0.42
0.24 N/A 0.17 0.54 0.30
0.30 0.70 0.20 0.50 0.40

Data taken from broker website. Accurate as at 01/05/2022

View Fusion Markets Review >>Visit Fusion Markets >>

Are EightCap And Fusion Markets Safe To Use?

EightCap Is Far Older Than Fusion Markets And Is Also More Popular

EightCap is an Australian founded forex broker and was founded in 2009, Fusion Markets by contrast is a relative newcomer having commenced operations in 2017,

Although Fusion Markets has quickly grown its userbase, with 331 thousand visits to their homepage in Jan 2022, EightCap is still generating far more traffic to their website with almost half a million visits over the same period.

Similarweb also notes that one of the top keywords driving users to EightCap’s website is “crypto”, reflecting EightCap’s reputation as a top cryptocurrency broker.

Both Brokers Have Similar Regulation

To keep yourself protected when trading forex and other financial instruments, you should try and find a broker which is regulated in the country or region where you are trading from.

As Australian-based brokerage firms, both EightCap and Fusion Markets are regulated by Australia’s financial regulator known as the Australian Securities Investment Commission (ASIC).

For traders outside Australia, the broker makes use of ‘offshore’ regulators. EightCap is regulated by the Securities Commission Board Of Bahamas (SCB Bahamas). Meanwhile, Fusion Markets is regulated by the Vanuatu Financial Services Commission (VFSC). While neither SCB nor VFSC is a tier-1 regulator, so not of the level one would expect from regulators found in Europe or UAE, you still receive an element of protection such as segregated bank accounts.

As a result of their regulation worldwide, you should feel safe trading with either broker.

Both Brokers Have Maximum Allowable Leverage

ASIC (Australia) caps leverage at 30:1 for retail investors when trading major forex pairs and 20:1 for minor and exotic pairs. Leverage for other financial instruments and if you qualify as professional trader leverage for forex can be up to 500:1.

Both Eightcap and Fusion Markets offer the maxim permitted leverage allowed by ASIC for all financial instruments.

The SCB and VFSC financial regulated allow more relaxed leverage with leverage up to 500:1 available for most forex pairs.

EightCap provides you with access to 2:1 leverage on cryptocurrencies, allowing you to open larger positions when trading their wide variety of cryptocurrencies and crypto indices. Professional traders can trade with 20:1 provided they meet qualification criteria.

Keep in mind that when trading with leverage, that while it can increase your profits when trading successful, it can increase your losses when you lose. For this reason, you should be aware of the risks you are taking and be careful when utilising leverage.

Eightcap Review >>Visit Eightcap >>

What Is The Minimum Deposit You Need For EightCap And Fusion Markets?

In Australia, EightCap requires a minimum deposit of $50 for their standard and $250 for their Raw Spread (STP-style) accounts. Traders outside of Australia only need $100 for either account. These amounts are not enforced but you will need to make a deposit to comment trading.

Fusion Markets has no minimum deposit requirement, however, like any leveraged product, you will still need to have enough to cover the initial margin requirement to open a trade. Fusion Markets does note that the average first deposit is $1,500.

What Are The Deposit Methods Available?

Both brokers offer a good choice of deposit methods for funding your account. Funding methods available to both brokers include Visa/Mastercard (credit and debit cards), PayPal, Neteller & Skrill and FasaPay (Indonesia). Both brokers also allow payment using crypto-wallets. and also have various other deposit methods exclusive to their own platforms.

Neither broker charges to make a deposit into your trading account or a withdrawal fee from your account however if you transfer from an international bank your funding provider may charge you a fee.

Eightcap Review >>Visit Eightcap >>

What Platforms Are Available With Both Brokers?

Both EightCap and Fusion Markets offer the full functionality of two of the most popular forex trading platforms in the world, MetaTrader 4 and 5.

While neither broker has its own proprietary platform, the MetaTrader options are excellent choices and are each broker supplements them with extra trading tools.

Bother brokers are a good choice for MetaTrader trading platforms because they don’t restrict the functions you can use the platform for. Both brokers allow Expert Advisors (EAs) for automated traders and custom indicators. Scalping is also permitted with bother brokers.

EightCap And Fusion Markets Tie For Their MetaTrader 4 Offering

The most popular trading platform in the world is MetaTrader 4 (MT4), thanks to its ease of use and plethora of tools. Most brokers offer MT4, and EightCap and Fusion Markets are no exception to that.

Tools available on MT4 range from their library of over 2,000 free technical indicators, to their 12 different order types, and MT4 also gives you access to live financial news.

Fusion Markets provides social-trading add-ons to their MT4 offering, giving access to Myfxbook and DupliTrade. These follow signals from professional and other successful traders, allowing you to simply copy the trades that they make.

While EightCap does not offer 3rd party social-trading options, you can make use of MetaTrader Signals which is available for all traders using MetaTrader platforms. In addition to this, they have several tools to help you optimise your trading strategies.

The broker has partnered with FX Blue Labs to give you access to a range of expert advisors and widgets such as custom indicators and automated signals. Eightcap has joined up with Capitise.ai so you can automate your trades without having to write any code.

Overall, both brokers provide you with the full functionality of MT4, as well as their own tools to help you trade, whether that be direct via widgets and simple automation, or by connecting you to social-trading networks.

The Better MetaTrader 5 Broker Is EightCap

MetaTrader 5 (MT5) is an upgrade on MT4, with more powerful processing power and a wider variety of trading tools. MT5 has 38 technical indicators compared to the 30 offered on MT4, more order types and also more up-to-date financial news options such as an economic calendar.

Importantly, MT5 provides you with access to both centralised and decentralised markets, something MT4 does not. This opens up the possibility of trading instruments unavailable on MT4, mainly shares and cryptocurrencies.

MT5’s range of markets greatly benefits EightCap, allowing them to offer their full range of cryptocurrency products to traders using MT5.

EightCap also offers more shares on their MT5 platform than Fusion Markets does, with 250 shares from US, European and Australian exchanges available to trade with.

In comparison, Fusion Markets only offers 100 shares, all of which are listed in the US.

You still have access to EightCap’s trading tools, FX Blue Labs and Capitalise.ai, on MT5. However, if you wish to copy-trade, you may still prefer Fusion Markets, as EightCap still does not offer any social-trading tools.

EightCap’s overall MT5 offering, with various trading tools and their plethora of crypto options, makes them the better MT5 broker.

EightCap Is The Best Cryptocurrency Broker

The best broker to trade CFD cryptocurrencies is EightCap. EightCap provides you with over 250 crypto options, including over 120 coins like Bitcoin or Ethereum paired against the USD. An additional 19 of these cryptos are also pairs to other fiats such as AUD, GBP, EUR, MXN, CAD and also Bitcoin. 5 cryptocurrency indices are also available as options..

EightCap even allows you to deposit funds into your accounts using cryptocurrencies, however, you can only deposit using Bitcoin, TRC20 and ERC20. This is also only available for non-Australian traders.

Other trading products with Eightcap include 40 forex pairs, 2 metal commodities, 2 energies, 10 indices, and over 400 stocks on America, Australia and European exchanges.

Fusion Markets offers only 8 cryptocurrencies, 90 forex pairs, 3 energies, 10 indices, and 9 precious metals including gold vs US, AUD, GBP and EUR.

Eightcap Review >>Visit Eightcap >>

Neither Broker Offers Swap-Free Or Islamic Accounts

Swap-free accounts have no ‘swap-fee’ or overnight interest payments on for open trading position. Since swap-free account have no riba, they may be suitable for traders that follow sharia law. Unfortunately, neither broker offers a swap-free account.

View Fusion Markets Review >>Visit Fusion Markets >>

About the author: Justin Grossbard

Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets.