This Fusion Markets and ThinkMarkets forex broker review found Fusion Markets has 90 currency pairs vs 46 for ThinkMarkets. Fusion Markets also has lower commissions while both brokers have low spreads with their trading accounts.
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Fusion Markets and ThinkMarkets are two leading forex brokers, each with their unique offerings. Fusion Markets is known for its low-cost trading and high-speed execution, while ThinkMarkets is recognized for its robust trading platforms and comprehensive educational resources. The choice between the two depends on your trading needs and preferences.
When it comes to trading costs, both Fusion Markets and ThinkMarkets have competitive offerings.
When it comes to the average standard account spreads, both Fusion Markets and ThinkMarkets offer competitive rates. However, there are some noticeable differences between the two.
Fusion Markets, on average, offers slightly lower spreads across all forex pairs compared to ThinkMarkets. For instance, the spread for EUR/USD is 0.93 for Fusion Markets, while it’s 1.1 for ThinkMarkets. This trend continues across all pairs, with Fusion Markets consistently offering lower spreads. This suggests that Fusion Markets may be the more cost-effective option for traders who prioritise low spreads.
| Forex Pair | Fusion Markets | ThinkMarkets | Industry Average |
|---|---|---|---|
| EUR/USD | 0.93 | 1.1 | 1.35 |
| USD/JPY | 1.02 | 1.4 | 1.54 |
| GBP/USD | 1.08 | 1.3 | 1.68 |
| AUD/USD | 0.92 | 1.1 | 1.63 |
| USD/CAD | 0.98 | 1.2 | 1.93 |
| EUR/GBP | 0.98 | 1.1 | 1.69 |
| EUR/JPY | 1.31 | 1.2 | 2.04 |
| AUD/JPY | 1.4 | 1.2 | 2.31 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
However, it’s important to consider these figures in the context of the industry average. Both Fusion Markets and ThinkMarkets offer spreads that are below the industry average. For example, the industry average spread for EUR/USD is 1.35, which is higher than both Fusion Markets and ThinkMarkets. This indicates that both brokers offer competitive pricing, with Fusion Markets having a slight edge.
In conclusion, if cost is a significant factor in your decision-making process, Fusion Markets seems to be the cheaper option based on these average standard account spreads. However, it’s crucial to remember that spreads are just one aspect of trading costs. Other factors such as commission fees, account types, and trading conditions should also be considered when choosing a forex broker.
Fusion Markets charges a low commission of $4.50 per lot per side for its Zero account, while ThinkMarkets does not charge any commission for its Standard account but does charge $3.50 per lot per side for its ThinkZero account.
Both brokers offer free deposits and withdrawals, making it easy and cost-effective for traders to manage their funds.
Neither Fusion Markets nor ThinkMarkets charge inactivity fees, which is a plus for traders who may not trade frequently.
Verdict: When it comes to trading costs, Fusion Markets has a slight edge due to its tighter spreads and lower commissions.
| Criteria | Fusion Markets | ThinkMarkets |
|---|---|---|
| Average Spread (EUR/USD) | 0.70 pips | 0.80 pips |
| Commission (per lot per side) | $4.50 (Zero account) | $3.50 (ThinkZero account) |
| Deposit & Withdrawal Fees | Free | Free |
| Inactivity Fee | No | No |
A good trading environment is crucial for successful trading. It includes factors like execution speed, slippage, and the availability of trading tools.
According to research conducted by CompareForexBrokers, Fusion Markets ranks second in terms of execution speed, while ThinkMarkets ranks last. This means that Fusion Markets can execute trades faster, reducing the risk of slippage and ensuring that traders get the price they want.
Verdict: Based on execution speed, Fusion Markets offers a better trading environment than ThinkMarkets.
Both Fusion Markets and ThinkMarkets offer a variety of trading platforms to cater to different trading styles and preferences.
Both brokers offer MetaTrader 4 and 5, the world’s most popular trading platforms known for their advanced charting features, automated trading capabilities, and extensive customizability.
While Fusion Markets does not offer cTrader or TradingView, ThinkMarkets offers the ThinkTrader platform, which provides advanced charting and analysis tools.
| Criteria | Fusion Markets | ThinkMarkets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | No | ThinkTrader |
| VPS Services | Yes | Yes |
Fusion Markets offers MetaTrader Signals and DupliTrade, while ThinkMarkets offers MetaTrader Signals and FXTM Invest.
Verdict: Both brokers offer social and copy trading services, making it a tie in this category.
Fusion Markets ReviewVisit Fusion Markets
| Broker | Social and Copy Trading Platform |
|---|---|
| Fusion Markets | MetaTrader Signals, DupliTrade |
| ThinkMarkets | MetaTrader Signals, FXTM Invest |
Fusion Markets supports automated trading through the use of Expert Advisors (EAs) on the MetaTrader 4 and MetaTrader 5 platforms. EAs are software programs that can automatically analyze market conditions and execute trades based on predefined parameters. They can help traders take advantage of trading opportunities around the clock, even when they’re not actively monitoring the markets.
Like Fusion Markets, ThinkMarkets also supports automated trading with the use of Expert Advisors (EAs) on the MetaTrader 4 and MetaTrader 5 platforms. This allows traders to automate their trading strategies and execute trades based on specific market conditions, without the need for manual intervention.
| Broker | Trading Tools |
|---|---|
| Fusion Markets | Expert Advisors (EAs) |
| ThinkMarkets | Expert Advisors (EAs) |
Verdict: Both Fusion Markets and ThinkMarkets offer Expert Advisors (EAs) for automated trading, making it a tie in this category.
Fusion Markets ReviewVisit Fusion Markets
Both brokers offer VPS services for enhanced trading performance. Additionally, they provide various trading tools such as economic calendars, market analysis, and educational resources.
Verdict: In terms of trading platforms, ThinkMarkets has a slight edge due to its proprietary ThinkTrader platform.
Fusion Markets offers two account types: the Standard account with no commission and wider spreads, and the Zero account with a commission and tighter spreads. ThinkMarkets, on the other hand, offers the Standard account with no commission and the ThinkZero account with a commission and tighter spreads.
Verdict: Both brokers offer similar account types, making it a tie in this category.
| Criteria | Fusion Markets | ThinkMarkets |
|---|---|---|
| Standard Account | Yes | Yes |
| Commission-based Account | Yes (Zero account) | Yes (ThinkZero account) |
Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySec), the Seychelles Financial Services Authority (FSA-S), and the South African Financial Sector Conduct Authority (FSCA).
Verdict: ThinkMarkets has a slight edge in terms of trust and regulation due to its wider range of regulatory oversight.
ThinkMarkets ReviewVisit ThinkMarkets
| Broker | Regulator |
|---|---|
| Fusion Markets | ASIC, VFSC |
| ThinkMarkets | ASIC, FCA, CySec, FSA-S, FSCA |
Both Fusion Markets and ThinkMarkets offer 24/5 customer service via live chat, email, and phone. They also provide extensive educational resources to help traders improve their trading skills.
Verdict: Both forex brokers offer excellent customer service, making it a tie in this category.
| Criteria | Fusion Markets | ThinkMarkets |
|---|---|---|
| 24/5 Customer Service | Yes | Yes |
| Educational Resources | Yes | Yes |
Fusion Markets requires a minimum deposit of $100, while ThinkMarkets requires a minimum deposit of $250.
Both brokers offer a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller.
Fusion Markets offers over 70 currency pairs, while ThinkMarkets offers over 40 currency pairs. Both brokers also offer trading in other instruments such as CFDs on indices, commodities, and shares.
Verdict: Fusion Markets wins this category due to its lower minimum deposit and wider range of trading instruments.
| Criteria | Fusion Markets | ThinkMarkets |
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Payment Methods | Multiple options available | Multiple options available |
| Trading Instruments | Over 70 currency pairs, plus other CFDs | Over 40 currency pairs, plus other CFDs |
| Forex CFD | 84 | 46 |
| Shares CFD | 100+ | 3670 |
| Cryptos CFD | 14 | 27 |
| Commodities CFD | 10 Metals (+ 3 Gold Crosses) (+2 Silver Crosses) 3 Energies 11 Softs |
4 Metals (3 x Golds) (3 x Silver) 3 Energies |
| Indices CFD | 15 | 16 |
| Bonds/Treasuries CFD | No | No |
| Spread Betting (UK only) | No | Yes |
| Other Products | No | No |
| Shares (underlying) | No | Yes |
Best For Beginner Traders: Fusion Markets, with its low trading costs, fast execution speed, and user-friendly platforms, is an excellent choice for beginner traders.
Best For Experienced Traders: ThinkMarkets, with its robust trading platforms, comprehensive educational resources, and FCA regulation, is a suitable choice for experienced traders.
Fusion Markets is better for beginner traders due to its low trading costs, fast execution speed, and user-friendly platforms.
ThinkMarkets is better for experienced traders due to its robust trading platforms, comprehensive educational resources, and FCA regulation.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
