Fusion Markets vs IC Markets: Which Broker is Better?
This review of IC Markets and Fusion Markets will highlight both brokers’ strengths and weaknesses. We will present an in-depth as well as clear comparison for our followers to determine the most suitable trading option. To discover which broker aligns with your needs, continue reading.
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This comparison reviews key trading factors between Fusion Markets, which offers low spreads in an ECN environment, and IC Markets, a no dealing desk broker with commission-free spreads.
- IC Markets offers raw spreads from 0.0 pips and fast order execution, perfect for scalpers and high-frequency traders.
- IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader with advanced charting and automation tools.
- IC Markets is regulated by ASIC, CySEC, and FSA, ensuring a secure and transparent trading environment.
- Fusion Markets provides low trading costs, making it a budget-friendly option for traders.
- Fusion Markets provides a seamless and intuitive platform with access to MetaTrader 4 and MetaTrader 5.
- Fusion Markets allows leverage up to 500:1, giving traders greater flexibility to optimize their trading strategies.
1. Lowest Spreads And Fees – IC Markets
In forex trading, low costs are essential. IC Markets and Fusion Markets offer minimal spreads and fees, appealing to traders aiming to maximize profits. Tight spreads reduce transaction costs, benefiting scalpers and high-frequency traders. Competitive pricing enhances liquidity and market efficiency, allowing traders to concentrate on strategy without concerns about high fees.
IC Markets and Fusion Markets are two forex brokers that offer competitive trading conditions and solid platforms. IC Markets, located in Sydney, is regulated by ASIC, CySEC, and the FSA, and provides a variety of trading instruments with low-latency execution. Fusion Markets, also based in Australia, is noted for its cost-effective trading and user-friendly platform, appealing to both beginner and experienced traders. Both brokers offer educational resources and customer support to enhance the trading experience.
Spreads
IC Markets presents some of the most competitive spreads in the industry, boasting an impressive 0.02 for the EUR/USD pair, significantly lower than Fusion Markets’ 0.09 and the industry average of 0.28. In the case of AUD/USD, IC Markets offers a spread of 0.03, compared to Fusion Markets’ 0.14 and a broader industry average of 0.45. On average, IC Markets achieves a spread of 0.29, surpassing Fusion Markets’ 0.41 and the industry average of 0.72. These exceptionally tight spreads establish IC Markets as the top choice for traders who prioritize cost-effective trading conditions.
| RAW Account | Fusion Markets Spreads | IC Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 0.41 | 0.29 | 0.72 |
| EUR/USD | 0.09 | 0.02 | 0.28 |
| USD/JPY | 0.41 | 0.14 | 0.44 |
| GBP/USD | 0.28 | 0.23 | 0.54 |
| AUD/USD | 0.14 | 0.03 | 0.45 |
| USD/CAD | 0.23 | 0.25 | 0.61 |
| EUR/GBP | 0.25 | 0.27 | 0.55 |
| EUR/JPY | 0.63 | 0.3 | 0.74 |
| AUD/JPY | 0.67 | 0.5 | 0.93 |
| USD/SGD | 0.95 | 0.85 | 1.97 |
Commission Levels
IC Markets imposes a commission fee of $3.50 per lot, while Fusion Markets stands out with a more competitive fee of just $2.25. Notably, Fusion Markets has no minimum deposit requirement, making it an appealing option for traders with limited funds, in contrast to IC Markets’ minimum deposit of $200. When it comes to recommended deposits, Fusion Markets advises $1,500, compared to IC Markets’ $200 recommendation. Additionally, both brokers offer SWAP-free accounts and do not charge funding fees, making them suitable for traders adhering to Islamic finance principles.
| USD | AUD | GBP | EUR | |
|---|---|---|---|---|
| Fusion Markets | $2.25 | $2.25 | N/A | N/A |
| IC Markets | $3.50 | $4.50 | £2.50 | €2.75 |
Fusion Markets has no-commission variable spreads, while IC Markets offers low commission tight spreads. Use the IC Markets vs Fusion Markets fee calculator for popular forex pairs.
Standard Account Fees
IC Markets stands out with competitive standard account fees, featuring spreads of 0.62 for EUR/USD and 0.77 for AUD/USD. In contrast, Fusion Markets presents wider spreads of 0.93 for EUR/USD and 0.92 for AUD/USD. This comparison clearly demonstrates that IC Markets offers better pricing for standard accounts, making it an attractive choice for traders eager to reduce their trading expenses.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
0.93 | 0.92 | 0.98 | 1.08 | 1.02 |
|
0.62 | 0.77 | 1.27 | 0.83 | 0.74 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
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
Both IC Markets and Fusion Markets provide competitive trading conditions. IC Markets offers tighter spreads and lower standard account fees, while Fusion Markets has lower commission fees and no minimum deposit requirement, which could be appealing for traders with limited capital. Current trends in forex trading indicate that the EUR/USD pair is experiencing bearish pressure due to trade war concerns, whereas the GBP/USD shows bullish momentum despite uncertainties. The AUD/USD is facing challenges from Fed rate expectations and volatility, with the USD maintaining strength. These trends underscore the need to stay updated on current events and economic indicators when selecting a forex broker.
Our Lowest Spreads and Fees Verdict
Our dedicated team can surmise that IC Markets takes the cake in this niche this is due to their lowest spreads and fees.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
2. Better Trading Platforms – IC Markets
A quality forex trading platform is crucial, providing advanced charting, real-time data, fast execution, user-friendliness, customization, and security. It should support automated and social trading and offer a wide range of financial instruments, enhancing trading opportunities for both beginners and pros. The right platform streamlines trading for smarter, more confident decision-making.
IC Markets and Fusion Markets are forex brokers noted for their trading conditions and platforms. IC Markets, located in Sydney, is regulated by ASIC, CySEC, and the FSA, and offers a variety of trading instruments with low-latency execution. Fusion Markets, also operating in Australia, is known for its cost-effective trading and accessible platform, appealing to both beginner and experienced traders. Both brokers offer educational resources and customer support, promoting a well-rounded trading experience.
| Trading Platform | Fusion Markets | IC Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
MetaTrader
IC Markets and Fusion Markets both provide the powerful MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to traders’ diverse needs. MT4 equips users with essential trading features, such as 9 chart timeframes, 30 technical indicators, and 4 types of pending orders. With a vast community of MT4 traders, users gain access to an extensive library of Expert Advisors (EAs) for automation, indicator charts, and signal trading. IC Markets takes the lead with its MT4 Advanced Trader Tools, offering 28 EAs, additional indicators, specialized trading terminals, and comprehensive economic calendars. When it comes to MT5, IC Markets significantly outshines Fusion Markets by providing over 3,500 trading instruments, including more than 1,600 stocks across major exchanges like ASX, NASDAQ, and NYSE, while Fusion Markets offers a mere 168 products.
Both IC Markets and Fusion Markets offer MetaTrader 4 (MT4), MetaTrader (5), cTrader, and TradingView.
Advanced Platforms
Alongside MetaTrader, both brokers feature sophisticated platforms such as cTrader and TradingView. Renowned for its user-friendly interface, cTrader boasts comprehensive charting tools and rapid order execution, making it a perfect choice for automated trading. Meanwhile, TradingView is rapidly becoming a favorite among traders, thanks to its advanced charting capabilities and mobile-first design. IC Markets enriches the trading experience with additional tools like Myfxbook, ZuluTrade, and AutoChartist. Similarly, Fusion Markets presents a powerful platform equipped with one-click trading, real-time quotes, and customizable charts, further enhancing the trading experience.
Reasons to Choose IC Markets for MT4
- Social trading – IC Markets allows you to use Myfxbook, MetaTrader Signals and ZuluTrade for social trading. Fusion Markets has a similar but does not have ZuluTrader but does have DupliTrade for copy trading.
- IC Markets include MT4 Advanced Trader Tools. This suite includes 28 Expert Advisors, extra indicators, trading terminals, and economic calendars to assist with your trading.
Copy Trading
IC Markets enhances social trading through platforms like Myfxbook, MetaTrader Signals, and ZuluTrade, enabling traders to emulate successful strategies. Similarly, Fusion Markets offers robust social trading options, utilizing DupliTrade for its copy trading services. Both brokers present a variety of tools designed to empower traders, allowing them to capitalize on the insights of others and elevate their trading performance.
Both IC Markets and Fusion Markets provide competitive trading conditions and advanced platforms, positioning them as viable options in the forex trading sector. IC Markets is noted for its wide range of instruments, advanced trading tools, and robust MetaTrader 5 platform. In contrast, Fusion Markets offers lower commission fees and no minimum deposit requirement, which may benefit traders with limited capital. Current forex trading trends indicate that the EUR/USD pair is experiencing bearish pressure due to trade war concerns, while the GBP/USD shows bullish momentum despite uncertainties. The AUD/USD is dealing with Fed rate expectations and market volatility, and the USD remains strong. These trends emphasize the importance of being informed about current events and economic indicators when selecting a forex broker.
Our Better Trading Platform Verdict
IC Markets, unquestionably, comes out on top in this niche owing it to their better trading platform.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
3. Superior Accounts And Features – IC Markets
In forex trading, the right account features are crucial. Brokers offering competitive spreads, low commissions, and robust tools enhance traders’ market advantage. Features such as demo accounts, swap-free options, and diverse instruments cater to various styles. Advanced perks like social trading, automation, and 24/7 support ensure a smooth experience. The right features boost trading confidence and foster loyalty among traders seeking reliability.
IC Markets and Fusion Markets are two forex brokers that offer competitive trading conditions and various account options. IC Markets, located in Sydney, is regulated by ASIC, CySEC, and the FSA, and provides a wide selection of trading instruments with low-latency execution. Fusion Markets, also based in Australia, is noted for its low-cost trading and user-friendly platform, appealing to both new and experienced traders. Both brokers offer educational resources and customer support to enhance the trading experience.
| Fusion Markets | IC Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | No | Yes |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
Account Options
Fusion Markets offers two types of accounts: the ZERO Account, which includes commissions, and the Classic Account, which is commission-free. The Classic Account is perfect for novice traders who prefer a straightforward pricing model without any commission fees. In contrast, the ZERO Account caters to high-volume traders seeking tighter spreads and an ECN-style trading environment. Similarly, IC Markets provides the Standard Account with no commissions, making it an excellent choice for beginners. For more experienced traders, the Raw Account features spreads starting at 0.0 pips plus a commission fee, making it ideal for high-volume and algorithmic trading.
Fusion Markets’ accounts are as follows:
- For beginner traders seeking a simple pricing structure with no commission fees, the Classic Account is an excellent choice.
- ZERO account is tailored for high-volume traders looking for tighter spreads and an ECN-style trading atmosphere.
A closer look at IC Markets’ account types:
- Standard Account is a great choice for those who are new to trading. It provides a simple pricing structure without any commission fees.
- Raw Account is best for experienced, high-volume, and algorithmic traders due to its lower spreads and commission-based structure.
Swap Free Account
Both IC Markets and Fusion Markets provide Swap Free accounts, enabling Islamic traders to participate in CFD trading in compliance with Sharia law by eliminating overnight interest costs. Rather than imposing swaps, these brokers charge a modest administration fee whenever a position remains open beyond the market close. Typically, trading most major pairs incurs a fee of approximately USD 5, though variations may occur. This arrangement allows traders adhering to Islamic finance principles to engage in trading without facing interest charges, thereby making both brokers more inclusive for a diverse range of traders.
Both IC Markets and Fusion Markets provide competitive trading conditions and a variety of account options to meet different trading needs. IC Markets offers a wide range of instruments and advanced trading tools, while Fusion Markets focuses on lower commission fees and a user-friendly platform. Current forex trading trends indicate that the EUR/USD pair is experiencing bearish pressure due to trade war concerns, whereas the GBP/USD continues to show bullish momentum despite some uncertainties. The AUD/USD is facing challenges related to Fed rate expectations and market volatility, and the USD is currently strong. These trends underscore the significance of being informed about current events and economic indicators when selecting a forex broker.
Our Superior Accounts and Features Verdict
Without any doubt, IC Markets dominates this category due to their super accounts and features.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
4. Best Trading Experience – Fusion Markets
In forex trading, a smooth experience is essential. Top brokers provide advanced platforms, fast execution, tight spreads, and dependable support to help traders succeed. A user-friendly interface, quality educational resources, and strong trading tools enhance decision-making. For both beginners and experienced traders, the right broker can significantly impact outcomes. Let’s compare IC Markets and Fusion Markets in delivering a superior trading experience.
IC Markets and Fusion Markets are two well-known forex brokers that focus on advanced technology and quick trade execution. IC Markets, located in Sydney, employs Equinix servers to facilitate fast order execution, which helps to minimize latency and promote efficient trading. Similarly, Fusion Markets, also based in Australia, utilizes ECN technology to ensure rapid execution of trade orders across various asset classes. Both brokers offer strong platforms and tools aimed at improving the trading experience for their clients.
Trading Platforms and Execution Speed
Fusion Markets’ MetaTrader 4 (MT4) platform features an astounding trade execution speed of just 0.02 milliseconds, making it perfect for high-frequency trading and scalping strategies. Meanwhile, IC Markets employs the LD5 server in London for its cTrader platform, while hosting its MT4 and MT5 platforms at the NY4 data center in New York. This strategic infrastructure guarantees rapid and reliable order execution. Consequently, both brokers leverage cutting-edge technology to provide competitive trading conditions with minimal slippage, significantly enriching the overall trading experience.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| Fusion Markets | 79ms | 3/36 | 77ms | 1/36 |
| IC Markets | 134ms | 16/36 | 153ms | 22/36 |
Trading Experience and Ease of Use
IC Markets and Fusion Markets offer user-friendly interfaces and a variety of tools and features suitable for traders at all experience levels. IC Markets is known for its wide selection of trading instruments and efficient execution, while Fusion Markets focuses on low-cost trading and an easy-to-use platform. Current forex trading trends indicate that the EUR/USD pair is experiencing bearish pressure due to trade war concerns, whereas the GBP/USD appears to retain bullish momentum despite uncertainties. The AUD/USD faces challenges related to Fed rate expectations and market volatility, and the USD continues to show strength. These trends underscore the significance of staying informed about relevant events and economic indicators when selecting a forex broker.
Our Best Trading Experience and Ease Verdict
Evidently, Fusion Markets rides high in this niche thanks to their best trading experience and ease.
5. Stronger Trust And Regulation – IC Markets
In forex trading, trust and regulation are crucial. A regulated broker ensures a secure, transparent trading environment, fostering trader confidence. Strong oversight protects against fraud and boosts participation. Reputable brokers attract more clients, leading to mutual long-term success. This review examines IC Markets and Fusion Markets regarding trust, regulation, and reliability.
IC Markets Trust Score
Fusion Markets Trust Score
IC Markets boasts a trust score of 61, significantly higher than Fusion Markets’ score of 42. These evaluations were based on a comprehensive analysis of regulations, reputation, and user reviews for both brokers. While both brokers maintain respectable trust scores, our focus will be on their features, platforms, and, most critically, their user-friendliness.
Regulation
IC Markets and Fusion Markets are both brokers based in Australia and regulated by ASIC. IC Markets provides services in Europe under the regulation of CySEC, the financial regulator in Cyprus, whereas Fusion Markets does not have a European regulator. Traders outside these regions can register with the brokers’ offshore subsidiaries, with Fusion Markets operating under VFSC in Vanuatu and IC Markets under FSA in Seychelles. For European traders, IC Markets may be a preferable option due to its CySEC regulation. Australian and international traders may consider either broker, as both are regulated.
| Fusion Markets | IC Markets | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) | ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | VFSC FSA-S (Seychelles) | FSA-S (Seychelles) SCB (Bahamas) |
Reputation
Established in May 2007, IC Markets has built a formidable reputation as one of the leading forex brokers in the world. In comparison, Fusion Markets, which began its journey in December 2017, is still in its relative infancy. In January 2022, IC Markets attracted over 3.2 million visits, demonstrating significant brand recognition among traders globally. Conversely, Fusion Markets garnered 331 thousand visitors in the same timeframe, highlighting its more limited reach. This enduring reputation and greater website traffic position IC Markets as a more prominent name within the industry.
Reviews
The difference in reputation is evident in TrustPilot reviews, with IC Markets having over 30,000 reviews, while Fusion Markets has more than 1,200. This disparity may indicate a larger user base for IC Markets and a level of trust within the trading community. Current forex trading trends show the EUR/USD pair under bearish pressure due to trade war concerns, while the GBP/USD continues to exhibit bullish momentum despite uncertainties. The AUD/USD is facing challenges related to Fed rate expectations and market volatility, with the USD remaining strong. These trends highlight the importance of being informed about market dynamics when selecting a forex broker.
Our Stronger Trust and Regulation Verdict
IC Markets brings home the gold in this category this is because of their stronger trust and regulation.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
6. CFD Product Range And Financial Markets – IC Markets
A diverse range of products is crucial in trading. Brokers offering various CFDs, like forex, commodities, indices, and cryptocurrencies, provide traders with flexibility and opportunities. This variety aids in portfolio diversification and market adaptation, enhancing the trading experience for both short-term scalpers and long-term investors. Let’s compare IC Markets and Fusion Markets in this aspect!
IC Markets and Fusion Markets stand out as two highly regarded forex brokers, celebrated for their diverse selection of trading instruments and attractive trading conditions. IC Markets, headquartered in Sydney, boasts an impressive portfolio of over 3,500 financial instruments, encompassing forex pairs, cryptocurrencies, commodities, and beyond. Meanwhile, Fusion Markets, also located in Australia, offers CFD trading on a robust array of more than 250 financial products, firmly establishing itself as a formidable player in the forex trading arena.
Here’s a detailed comparison based on the data we’ve gathered:
| CFDs | Fusion Markets | IC Markets |
|---|---|---|
| Forex Pairs | 84 | 61 |
| Indices | 15 | 25 |
| Commodities | 10 Metals (+ 3 Gold Crosses) (+2 Silver Crosses) 3 Energies 11 Softs | 4 Metals (Gold vs 6 currencies) (Silver vs 3 currencies) 8 Softs 5 Energies |
| Cryptocurrencies | 14 | 23 |
| Share CFDs | 100+ | 2100+ |
| ETFs | No | No |
| Bonds | No | 9 |
| Futures | No | Yes |
| Treasuries | No | 9 |
| Investments | No | Yes |
Trading Instruments
Fusion Markets boasts an impressive array of over 90 major, minor, and exotic currency pairs, significantly surpassing many brokers that typically offer between 40 to 70 pairs. In comparison, IC Markets also provides a similar range of currency pairs. However, IC Markets stands out by allowing traders to access over 20 index CFDs across all three trading platforms, all without commission fees, while Fusion Markets offers more than 10 index CFDs. This wider variety of trading instruments positions IC Markets ahead of Fusion Markets in several key areas.
Although Fusion Markets provides a solid array of products and CFD markets, IC Markets distinguishes itself with its extensive variety of financial instruments and trading platforms. Presently, trends in forex trading indicate that the EUR/USD pair is encountering bearish pressure due to trade war apprehensions, whereas the GBP/USD continues to show bullish momentum despite prevailing uncertainties. The AUD/USD is grappling with expectations surrounding Federal Reserve rates and market volatility, while the USD retains its strength. These trends underscore the necessity of being well-informed about market dynamics when selecting a forex broker.
Our Top Product Range and CFD Markets Verdict
Our dedicated team can surmise that IC Markets ranks high in this section due to their top product range and CFD Markets.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
7. Superior Educational Resources – IC Markets
Access to quality educational resources is crucial in forex trading for both beginners and experienced traders. Webinars, articles, tutorials, and courses enhance skills and confidence, enabling informed decision-making and strategy refinement. Top brokers emphasize education, providing essential tools for success. Continuous learning is vital for long-term success in the forex market.
IC Markets and Fusion Markets are recognized forex brokers that provide a range of educational resources focused on trader education. Both brokers offer various tools and materials aimed at helping traders improve their skills and knowledge.
Fusion Markets
Fusion Markets offers an extensive array of educational resources designed to empower traders at every level. Their regular webinars delve into a variety of trading topics, while detailed tutorials cater to both novices and experienced traders. A diverse collection of e-books further explores numerous facets of trading. Additionally, structured trading courses guide participants through the learning process, and thorough market analysis equips them to make well-informed decisions. To top it off, their knowledgeable and responsive customer support team is readily available to address any educational inquiries, ensuring that traders have the essential information they need to thrive.
IC Markets
IC Markets stands out for its exceptional educational offerings, regularly hosting webinars that inform traders about current market trends and providing in-depth tutorials on diverse trading strategies. They also offer a rich selection of e-books to bolster trading knowledge, alongside comprehensive courses tailored for both beginner and experienced traders. Their market analysis section is consistently updated with insights on market movements and potential opportunities. Additionally, a committed customer support team is always available to address any educational inquiries, ensuring traders are fully prepared to excel in the forex market.
Fusion Markets and IC Markets offer valuable educational resources for traders. Here’s a comparative analysis based on our testing:
Fusion Markets:
- Webinars: Regularly offers webinars on various trading topics.
- Tutorials: Comprehensive tutorials are available for beginners and advanced traders.
- E-books: A wide range of e-books covering different aspects of trading.
- Trading Courses: Offers structured courses for traders of all levels.
- Market Analysis: Provides in-depth market analysis to help traders make informed decisions.
- Customer Support: Knowledgeable and responsive customer support team to assist with educational queries.
IC Markets:
- Webinars: Hosts frequent webinars to educate traders on market trends.
- Tutorials: Detailed tutorials to guide traders through different trading strategies.
- E-books: Offers a collection of e-books to enhance trading knowledge.
- Trading Courses: Comprehensive courses available for both novice and expert traders.
- Market Analysis: Regular updates on market movements and potential opportunities.
- Customer Support: Dedicated support team to address educational concerns.
Both IC Markets and Fusion Markets provide educational resources suitable for traders of varying experience levels. Current forex trading trends indicate that the EUR/USD pair is experiencing bearish pressure related to trade war concerns, while the GBP/USD is exhibiting bullish momentum despite some uncertainties. The AUD/USD is facing challenges due to Fed rate expectations and market volatility, whereas the USD continues to show strength. These trends emphasize the significance of being informed about market dynamics when selecting a forex broker.
Our Superior Educational Resources Verdict
IC Markets, evidently, dominates this niche this is because of their superior educational resources.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
8. Better Customer Service – IC Markets
In forex trading, excellent customer service is crucial. A broker with reliable support provides timely help, enhancing the trading experience. Multiple support channels, including 24/7 live chat, phone, and email, are vital, along with multilingual assistance. Quick issue resolutions minimize interruptions, allowing traders to focus. Ultimately, strong customer service fosters trust, satisfaction, and a broker’s market reputation.
IC Markets and Fusion Markets are two forex brokers that provide customer support services. Both brokers offer 24/7 support through live chat, email, and phone, allowing traders to seek assistance at any time. IC Markets provides multilingual support, which may appeal to a wider range of traders internationally.
Customer Support Features
IC Markets excels in customer support, offering a range of communication channels such as email, Skype, and phone. Their response time in Sydney is remarkably swift, with the majority of concerns resolved in just 15 minutes, and even the most intricate issues typically handled within a day. Similarly, Fusion Markets provides comprehensive support through numerous platforms, including live chat, phone, email, messenger, Twitter, and the Contact Us section of their website. Both brokers prioritize delivering knowledgeable and responsive assistance to traders, ensuring an exceptional support experience.
Both IC Markets and Fusion Markets provide exceptional customer support; however, IC Markets stands out with its multilingual options, enhancing accessibility for a worldwide clientele. Presently, the forex market trends indicate that the EUR/USD pair is experiencing bearish pressure due to trade war concerns, while the GBP/USD continues to show bullish momentum despite prevailing uncertainties. Conversely, the AUD/USD is facing challenges related to Federal Reserve rate expectations and volatility, all amidst a robust performance of the USD. These insights underline the crucial need to stay abreast of market dynamics when selecting a forex broker.
Here’s a comparison of key customer service features by both brokers:
| Feature | Fusion Markets | IC Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/7 |
| Multilingual Support | No | Yes |
Our Superior Customer Service Verdict
IC Markets excels in this category owing it to their superior customer service.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
9. Better Funding Options – IC Markets
Flexible funding options in forex trading are crucial. Traders need easy, low-cost ways to deposit and withdraw funds. Top brokers like IC Markets and Fusion Markets provide various methods, including bank transfers, credit/debit cards, and digital wallets like PayPal and Skrill, along with some cryptocurrency support. This variety helps create a smooth trading experience without payment hassles.
IC Markets and Fusion Markets are forex brokers that offer a variety of payment options and low deposit fees. Both brokers serve a global audience, allowing traders to fund their accounts and begin trading with minimal costs. This feature can be appealing for traders seeking flexibility and convenience in fund management.
Fusion Markets and IC Markets provide a variety of payment options for their global clients, with minimal or no deposit fees.
| Funding Option | Fusion Markets | IC Markets |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | Yes |
| Klarna | No | No |
Payment Options
IC Markets provides an extensive array of over 15 flexible funding options. These include credit and debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfers, Bpay, POLi, and various internet banking methods. Similarly, Fusion Markets offers a wide selection of payment methods such as bank wire transfers, Visa/Mastercard, PayPal, PayID, cryptocurrencies, Skrill, Neteller, and Jetonbank. Both brokers excel in ensuring swift deposit processing, with most methods being instant or completed within a few business days. This broad variety empowers traders to select the most convenient option tailored to their needs.
Both IC Markets and Fusion Markets offer a variety of payment options with low or no deposit fees, allowing accessibility for traders globally. Present forex trading trends indicate that the EUR/USD pair is experiencing bearish pressure due to trade war concerns, while the GBP/USD shows bullish momentum despite uncertainties. The AUD/USD is facing challenges related to Fed rate expectations and volatility, and the USD continues to be strong. These trends underscore the importance of being aware of market dynamics when selecting a forex broker.
Our Better Funding Options Verdict
Undoubtedly, IC Markets is having its day in the sun due to their better funding options.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
10. Lower Minimum Deposit – Fusion Markets
A low minimum deposit in forex trading allows beginners to start with minimal risk, making it accessible and inclusive. It encourages skill development and strategy refinement without high upfront costs, making trading more approachable for everyone.
IC Markets and Fusion Markets are forex brokers that offer competitive trading conditions and a variety of account options. Fusion Markets is notable for its low minimum deposit requirement of $0, making it accessible for traders with limited funds. In comparison, IC Markets has a minimum deposit of $200, which is also manageable for many traders. Both brokers serve a global audience, allowing traders from various regions to fund their accounts using multiple payment methods.
Fusion Markets
| 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 |
IC Markets
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
| Paypal | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
| Bank Wire | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
| Skrill | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
Payment Options
Fusion Markets stands out by not imposing a minimum deposit across its account types. However, traders are expected to fund their accounts sufficiently to meet initial margin requirements. When it comes to payment methods, Fusion Markets offers a range of options including credit/debit card, bank wire, PayPal, and Skrill, all requiring no minimum deposit—be it in pounds, dollars, or euros. In contrast, IC Markets mandates a minimum deposit of £200, $200, €200, or $200 across the same payment methods. This elevated minimum deposit underscores IC Markets’ commitment to delivering a more robust trading experience, catering to those who are prepared to invest a bit more capital.
Here’s a look at their recommended deposits:
| Minimum Deposit | Recommended Deposit | |
| Fusion Markets | $0 | $1,500 |
| IC Markets | $200 | $200 |
Fusion Markets presents an enticing proposition with its lower minimum deposit and a diverse array of payment methods. In contrast, IC Markets stands out with its broader selection of financial instruments and trading platforms. Today’s forex trading landscape reveals that the EUR/USD pair is under bearish pressure due to trade war anxieties, while the GBP/USD continues to exhibit bullish momentum despite prevailing uncertainties. Meanwhile, the AUD/USD is grappling with Federal Reserve rate expectations and market volatility, bolstered by the consistent strength of the USD. These trends underscore the critical need to remain updated on market dynamics when selecting a forex broker.
Our Lower Minimum Deposit Verdict
Unquestionably, Fusion Markets is on top of the world right now this is in light of their lower minimum deposit.
So Is IC Markets or Fusion Markets The Best Broker?
IC Markets undoubtedly, brings home the gold due to consistently outperforming Fusion Markets in most of the key areas we’ve evaluated, from spreads and fees to educational resources. The table below summarises the key information leading to this verdict:
| Categories | Fusion Markets | IC Markets |
|---|---|---|
| Lowest Spreads And Fees | No | Yes |
| Better Trading Platform | No | Yes |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | No | Yes |
| Better Funding Options | No | Yes |
| Lower Minimum Deposit | Yes | No |
Fusion Markets: Best For Beginner Traders
For those just starting out in the world of trading, Fusion Markets offers a more approachable platform and a lower minimum deposit, making it a suitable choice for novice traders.
IC Markets: Best For Experienced Traders
For seasoned traders looking for a comprehensive trading experience with a wide range of features and resources, IC Markets stands out as the superior choice.
FAQs Comparing Fusion Markets Vs IC Markets
Does IC Markets or Fusion Markets Have Lower Costs?
IC Markets generally offers lower costs compared to Fusion Markets. The broker is renowned for its competitive spreads, often being among the lowest in the industry. For instance, traders can benefit from spreads as low as 0.1 pips on major currency pairs. For a more detailed comparison on broker commissions, you can check out this comprehensive guide on Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
Both IC Markets and Fusion Markets offer MetaTrader 4, but IC Markets is often preferred for its advanced integration and additional tools. The platform at IC Markets is equipped with superior charting tools and a wider range of indicators. For traders specifically looking for the best MT4 experience, this list of top MT4 brokers provides a comprehensive overview.
Which Broker Offers Social Trading?
IC Markets offers social trading features, allowing traders to copy the strategies of successful traders. Fusion Markets, on the other hand, doesn’t have a prominent social trading platform. Social trading can be a game-changer, especially for new traders looking to learn from seasoned professionals. For those interested in exploring more about this feature, here’s a detailed guide on the best social trading platforms.
Does Either Broker Offer Spread Betting?
Neither Fusion Markets nor IC Markets offer spread betting as a primary service. Spread betting is a unique form of trading popular in the UK and some other regions, allowing traders to bet on the direction of market movements. For those interested in spread betting, you might want to explore this list of the best spread betting brokers in the UK.
What Broker is Superior For Australian Forex Traders?
In my opinion, IC Markets is the superior choice for Australian forex traders. Both Fusion Markets and IC Markets are ASIC-regulated, ensuring a high level of trust and security for traders. However, IC Markets stands out with its comprehensive trading tools and competitive spreads. Additionally, both brokers have their roots in Australia, but IC Markets has consistently demonstrated a deep understanding of the needs of Australian traders. For a broader perspective on the best brokers in the region, you can refer to this guide on the Best Forex Brokers In Australia.
What Broker is Superior For UK Forex Traders?
For UK traders, I believe IC Markets offers a more comprehensive trading experience. While both brokers cater to the UK market, it’s essential to note that IC Markets is FCA regulated, ensuring that UK traders receive the highest standards of protection and transparency. Fusion Markets, on the other hand, is not primarily based in the UK. IC Markets also offers a broader range of trading tools and platforms suitable for the UK market. For more insights on the best brokers for UK traders, here’s a comprehensive guide on the Best Forex Brokers In UK.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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Ask an Expert
Does Fusion Markets accept crypto?
Yes, Fusion Markets accepts crypto as a funding method.
Which broker is best for scalping?
Both Fusion Markets and IC Markets are among the very best brokers in the market for scalping. Both have low spreads, low commissions and good automation. Fusion is might be slightly better given they have lower commissions and faster execution speed.