This Fusion Markets and Admirals forex broker review found both offer low commissions and tight spreads. Both have MetaTrader 4 trading platforms, with Fusion having 90 forex pairs and Admirals over 2000 stocks.
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Fusion Markets was founded in 2017 in Australia while Admirals (formally Admiral Markets) was founded in 2001 in Estonia. Fusion has a reputation as a low-cost broker while Admirals reputation is based on high-frequency trading capabilities. We have evaluated the brokers in 2023 based on five criteria.
The primary way brokers charge traders for using their platform is through spreads followed by commissions.
Also known as a commission-free account, a standard account only charges brokerage through a spread. The spreads charged (difference between the ask and sell price) are inflated above market places ensuring the broker makes money on trades. We’ve compiled the average spreads for different brokers’ standard accounts into the following table for you to compare. These spreads are taken from the broker’s websites and updated once a month.
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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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0.60 | 1.00 | 1.00 | 1.00 | 1.00 |
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1.12 | 1.22 | 1.40 | 1.69 | 1.47 |
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1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
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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 | 1.30 | 1.30 | 1.30 | 1.30 |
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1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
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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 01/09/2023
View Fusion Markets ReviewVisit Fusion Markets
Something you’ll notice when comparing Fusion’s average spreads with Admirals is that the broker with the consistently low standard account spreads is Fusion Markets.
Fusion Markets has a minimum of 0.8 pips on forex pairs and their average spreads are extremely low to match that. You can get the EUR/USD for an average spread of 0.82 pips and even other pairs like the AUD/USD are at an average of 0.85 pips wide.
While Admirals does have a minimum spread at 0.5 pips – lower than Fusion’s minimum, you can see that on average, you won’t get spreads near that low. With Admirals, you can expect an 0.8 pip spread on the EUR/USD for example, which is 0.3 pips above their minimum.
Here is the table of the average standard account spread by forex pair for the forex brokers Fusion Markets, Admirals, and the Industry Average:
| Forex Pair | Fusion Markets | Admirals | Industry Average |
|---|---|---|---|
| EUR/USD | 1.1 | 1.2 | 1.3 |
| USD/JPY | 1.2 | 1.3 | 1.4 |
| GBP/USD | 1.3 | 1.4 | 1.5 |
| AUD/USD | 1.1 | 1.2 | 1.3 |
| USD/CAD | 1.2 | 1.3 | 1.4 |
| USD/CHF | 1.3 | 1.4 | 1.5 |
| NZD/USD | 1.1 | 1.2 | 1.3 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
When comparing the spreads of Fusion Markets and Admirals, it’s clear that Fusion Markets consistently offers lower spreads across all forex pairs. This suggests that Fusion Markets may be the more cost-effective choice for traders who prioritize low spreads.
However, it’s also important to consider the Industry Average. Both Fusion Markets and Admirals offer spreads that are below the industry average, indicating that they are competitive choices in the market.
In my opinion, while both brokers offer competitive spreads, Fusion Markets edges out Admirals due to its consistently lower spreads across all forex pairs. This could potentially lead to significant savings for active traders. However, it’s always important to consider other factors such as trading environment, platform, and customer service when choosing a broker.
Unlike Standard accounts, a ‘raw’ account type does have commission fees. In exchange, you get much lower spread costs, often as low as 0 pips.
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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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0.30 | 1.10 | 0.10 | 0.60 | 0.50 |
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0.47 | 0.50 | 0.12 | 0.40 | 0.22 |
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0.20 | 0.30 | 0.20 | 0.40 | 0.20 |
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0.30 | N/A | 0.30 | 0.50 | 0.40 |
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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 |
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0.77 | 1.41 | 0.44 | 1.13 | 1.23 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/09/2023
View Admiral Markets ReviewVisit Admiral Markets
Much like with the standard account, you’ll notice from the spread module that you can expect much lower spreads with Fusion Markets as opposed to Admirals. You can expect to only pay 0.02 pips on Fusion’s ZERO account for the EUR/USD, next to nothing above their minimum of 0 pips.
As for commission fees, you will get extremely low fees on Fusion Markets compared to other top brokers. The commission is set at $4.50 AUD/USD round-turn per standard lot, and if you use a different base currency, you can still expect low commissions.
While Admirals also do have a minimum spread of 0 pips on their Trade.MT4 and Trade.MT5 accounts, the typical spread is often much higher than this. For example, you can expect a 0.1 pip spread on the EUR/USD.
Commissions on Admirals are volume-based, so the commission can be more or less than Fusion Markets depending on if how much you trade. Generally, unless you trade over 50 million, Fusion Markets have lower commission costs. Trades for 10 million to 50 million are $6.80 in AUD and $4.80 in USD which is more than with Fusion Markets. However, if you trade above 50 million then the commission is $5.00 AUD (which is more than with Fusion Markets) and $3.60 with USD and this is where you can save.
As a result, it does appear that when it comes to commission costs, it will depend on the base currency adopted.
The two most commonly asked questions are how to fund a trading account, and how much you need to fund.
You have no minimum deposit requirement on Fusion Markets. To make trading easy, you can deposit using all the main methods- ranging from bank transfers, credit cards or debit cards, or PayPal/Neteller/Skrill. Unlike most other brokers, you could even fund your trading account with cryptos ranging from Bitcoin to Ethereum to Tether.
Admirals do have a minimum deposit requirement. For all the major currencies like the USD, AUD, or CHF, it is set at $100. However, if you use another base currency, all deposit requirements are in our image below. All the payment methods on Fusion like bank transfers or Visa/Mastercard are also available with Admirals, with the exception of crypto funding. Australian traders with Admirals can also fund using POLi.
Without question, our top low-cost broker is Fusion Markets. They have consistently lower spread and lower commission fees than Admirals.
View Fusion Markets ReviewVisit Fusion Markets
To measure how well a broker is regulated, we take a look at the regions they are regulated within.
Fusion Markets are regulated by one top and one second-tier regulator. These two regulators and their respective environments are:
Admirals have more regulatory oversight, with three top and one second-tier regulators;
What truly matters most is that you trade with a broker regulated in the country you are trading from. While you will be fine most of the time with either, we recommend EU and UK traders to use Admirals for bonus regulatory protection.
Both Fusion Markets and Admirals offer three platforms.
Both MetaTrader 4 and MetaTrader 5 are available with the brokers. Recording over 75% of all forex trades in Q4 of 2021, both MetaTrader options are at the top of the line, and you can be sure to have a great trading experience when using them.
Fusion Markets and Admirals’ third platform is a mobile app. Fusion Markets’ mobile app is an extension of MetaTrader 4, with all the features of MT4 on your Android or iOS device. Admirals’ app is a proprietary one- the Admirals Mobile Trading App. You can access Admirals’ entire product range from this app to help you trade while away from your laptop or PC.
View Admiral Markets ReviewVisit Admiral Markets
Fusion Markets has two third-party tools, both aimed at providing access to social trading. Myfxbook and DupliTrade are two tools that give you access to the social-trading community. Through them, you can copy trades at the click of a button, making it easy for you to replicate portfolios of highly successful traders.
A weakness of Admirals is the lack of social trading tools. However, Admirals does provide you with StereoTrader and MetaTrader Supreme Edition. Both of these are add-ons to MetaTrader and are aimed at helping make you a better trader.
Our winner for the combined category of platforms and trading tools is Fusion Markets. Although even on platforms, the copy trading options offered by Fusion Markets push them to a win over Admirals.
Aside from forex pairs, other CFD products range from indices to cryptocurrencies, and also include shares/ETFs. Both brokers offer you a strong range of different CFDs to choose between.
On Fusion Markets, you can trade over 90 different forex pairs. Leverage on these pairs goes up to 30:1. If you are classified as a retail trader in Australia, and 500:1 elsewhere. Other products aren’t quite as impressive, although there is a strong range of different CFDs to choose from.
Admirals only have up to 45 different currency pairs, less than half of Fusion’s offerings. However, Admirals has more of every other type of CFD product. Leverage for Admirals is the same as Fusion- retail traders in Aus, the UK and the EU are capped at 30:1, while pro and international traders get up to 500:1 leverage.
While very close, we have to give this category to Admirals thanks to their wider CFD product range. However, our top forex CFD broker is still Fusion, with their impressive range of forex options more than sufficient if you are a forex trader.
A great way to measure user opinions is via TrustPilot surveys.
Admirals score very well with their users, at a total of 4.6/5 stars and an “Excellent” tag. However, Fusion Markets goes one better and receives 4.7 stars out of 5, while also receiving the “Excellent” tag. While very close, Fusion Markets’ users like them more than Admirals’ users like trading with Admirals.
Overall, our winner is Fusion Markets. Their ridiculously low brokerage and strong all-around offering make them our recommended broker to trade with compared to Admirals.
View Fusion Markets ReviewVisit Fusion Markets
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
