Fusion Markets vs ThinkMarkets

This Fusion Markets and ThinkMarkets forex broker review found Fusion has 90 currency pairs vs 46 for ThinkMarkets. Fusion also has lower commissions while both brokers have low spreads with their trading accounts.

Written by Justin Grossbard

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Updated: 17/08/2022

What Changed?

Each month we update average spreads data published by the brokers the retail brokers lose %

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Our Rating

8.17

7.67

Fusion Markets Review

Review Of ThinkMarkets

Regulations and Licenses

ASIC (Australia)

FCA (UK)

FSCA (South Africa)

FINMA (Switzerland)

FSA (Seychelles)

VFSA (Vanuatu)

Brokerage

EUR/USD Avg. Raw Spread

0.02

0.1

GBP/USD Avg. Raw Spread

0.09

AUD/USD Avg. Raw Spread

0.50

EUR/USD Standard Spread

EUR/USD Fixed Spreads

Commissions (USD Base)

$2.25

$3.50

Minimum Deposit

Swap Free Account

Yes

No Inactivity Fees

Funding Methods

12+

No Funding Fees

Markets and Instruments

Currency Pairs

90+

46+

Cryptocurrency CFDs*

10+

21+

Index CFDs

10+

21+

Share CFDs

1200+

Commodities CFD

16+

15+

Stockbroking

Retail Max Leverage (Australia)

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max Leverage (Australia)

500:1

Retail Max. Leverage (The United Kingdom)

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max. Leverage (The United Kingdom)

500:1

Retail Max. Leverage (Europe)

Major Pairs 30:1
Minor Pairs 20:1

Pro. Max. Leverage (Europe)

500:1

Pro. Max. Leverage (South Africa)

500:1

Retail Max. Leverage (With offshore regulators)

500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

cTrader

TradingView

Proprietary Platform

Automated Trading

Social + Copy Trading

Standard Stop Loss

Guaranteed Stop Loss

Demo Account

Overall

Our Rating

8.17

7.67

Fusion Markets Review

Review Of ThinkMarkets

Visit Site

Which Forex Broker Has Lower Brokerage?

We compare the spread costs and commission fees to determine which broker is cheaper to trade with.

With ThinkMarkets, the minimum standard account spread is 0.4 pips on the EUR/USD. For their ECN-style ‘ThinkZero’ trading account, your minimum spread falls to 0 pips, but you have a commission fee of $7 AUD or USD round-turn for a standard lot.


0.03	0.11	0.02	0.19	0.05
0.26	0.47	0.17	0.40	0.24
0.20	0.30	0.20	0.40	0.20
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
0.30	1.10	0.10	0.60	0.50
n/a	0.30	n/a	0.60	0.50
0.79	1.60	0.46	1.26	1.28

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/11/2022

View Fusion Markets Review >>Visit Fusion Markets >>

In comparison, Fusion Markets has a minimum spread of 0.8 pips on the EUR/USD for their classic (commission-free) account type. Their STP-style ‘Zero’ account also has a minimum spread of 0 pips on the EUR/USD, but what makes them stand out is their extremely low commission fees. Trading one standard lot (100k units) round-turn will set you back just $4.5 AUD or USD.


0.82	0.85	0.99	0.89	0.83
0.77	0.84	1.40	1.19	0.86
1.13	1.01	1.71	1.66	1.12
0.70	1.30	1.30	2.20	1.40
0.80	0.90	1.70	1.80	0.80
1.20	1.20	1.50	2.20	1.70
1.30	1.50	1.80	1.70	1.40
1.10	1.20	1.40	1.50	1.20
1.30	1.50	1.90	1.80	1.90
1.20	1.20	1.40	1.40	1.20
1.20	1.20	1.40	1.40	1.40

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/11/2022

View ThinkMarkets Review >>Visit ThinkMarkets >>

Our Verdict

While closely matched between the two brokers, we give the win in this category to Fusion Markets. Their commission fees for the Zero account are simply the best available in the market, guaranteeing you ultra-low trading costs.

Is Fusion or ThinkMarkets the safer choice to trade with?

ThinkMarkets holds three global top-tier licences and one second-tier licence. Their top licences are:

Australia, with the Australian Securities and Investments Commission (ASIC);
the UK, with the Financial Conduct Authority (FCA); and
South Africa, with the Financial Sector Conduct Authority (FSCA)

Fusion Markets holds one top-tier and one second-tier licence. Their top tier licence is with ASIC, making them a safe choice if you are trading in Australia.

Our verdict

If you are trading in Australia, you will be safe with both brokers. However, we recommend that you trade with ThinkMarkets in the UK and South Africa, as trading with a broker regulated in your country is the best way to stay safe.

View Fusion Markets Review >>Visit Fusion Markets >>

How can you fund your trading account?

With ThinkMarkets’ standard account, there are no minimum deposits or funding costs. However, you need a minimum of $500 to trade on the ThinkZero account.

Fusion Markets also has no minimum deposit on their standard account, whilst requiring the equivalent of $500 USD in your chosen base currency.

There are a wide range of payment methods you can use to fund your account. You can pay via classic methods like a bank transfer, Visa, or Mastercard, or use an eWallet like PayPal or Neteller/Skrill.

View ThinkMarkets Review >>Visit ThinkMarkets >>

Which Broker Has A Superior Trading Platform?

Only ThinkMarkets offers a proprietary trading platform, giving them an automatic win. This platform, ThinkTrader, is available on both web browser and mobile (android/iOS) and is aimed at providing a better trading experience for you. Prominent features include the ability to close all your positions with a click and an intuitively simple navigation system.

View ThinkMarkets Review >>Visit ThinkMarkets >>

Who has the better MetaTrader and other platform offerings?

MetaTrader 4 and MetaTrader 5 (MT4 and MT5) are the two most popular forex trading platforms in the world. Fortunately, you will be able to access them with both Fusion and ThinkMarkets.

Fusion Markets also has Myfxbook available for you to use, but also provides DupliTrader. This gives you more social trading opportunities, and therefore, gives Fusion the win for this category with their wider breadth of tools available.

Our verdict

Overall, Fusion Markets has a stronger offering for MetaTrader, as they provide more additional tools for you to use than ThinkMarkets does. However, if you are looking for something unique, you may wish to consider ThinkTrader.

View ThinkMarkets Review >>Visit ThinkMarkets >>

How many CFD instruments are available for you to trade?

Fusion Markets provides you with 90 currency pairs and a total of 242 different CFD products, including stocks, indices and crypto. Their wide range of currency pairs includes majors such as EUR/USD or GBP/USD, and minors such as the CHF/JPY or AUD/SGD.

ThinkMarkets has a total of 46 available forex pairs, however they have a total of 1670 trading symbols available. This mostly consists of their wide range of ASX shares and share CFDs.

Our verdict

Overall, we slightly prefer Fusion Markets, due to their much higher range of forex pairs they make available to you.

View Fusion Markets Review >>Visit Fusion Markets >>

Who do other traders prefer?

While not perfect, website views are a great way to see how active a broker and its users are.

According to statistics from similarweb, we found that ThinkMarkets received 292 thousand visits to their website in May 2022.

In comparison, Fusion Markets recorded 141 thousand visits In the same time period.

We find that ThinkMarkets is the more popular broker with traders, giving them the win in this category.

View ThinkMarkets Review >>Visit ThinkMarkets >>

Is Fusion Markets good?

Fusion Markets provides you with MetaTrader platforms, a wide range of forex pairs, and extremely low STP account commission fees, at just $4.5 AUD or USD round-turn. Their standard account also has competitive minimum spreads. However, they could improve their offering by providing more of other types of CFD products, like cryptocurrencies.

View Fusion Markets Review >>Visit Fusion Markets >>

Is ThinkMarkets good?

ThinkMarkets offers you both MetaTrader and proprietary trading options, a very low standard account minimum spread, and an extensive range of CFD trading instruments. In comparison to Fusion Markets, the forex range is not as competitive and ThinkMarkets does not match their low commission fees.

Overall winner

Fusion Markets. While very close between the two brokers, Fusion’s lower fees and better MetaTrader platform experience pushes them to the win over ThinkMarkets.

View Fusion Markets Review >>Visit Fusion Markets >>

About the author: Justin Grossbard

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