Fusion Markets selling point is low spreads with ultra-low commissions – from $4.50 round turn. FXCM 5 types of trading platforms, usually commission free. See how Fusion Markets and FXCM compare in this forex broker review.
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Our comprehensive comparison covers the 10 most important trading factors to help you make an informed decision between FXCM and Fusion Markets.
When it comes to standard account spreads, there’s a clear distinction between FXCM, Fusion Markets, and the industry average. Let’s delve into the details.
FXCM, for instance, has higher spreads across all forex pairs, with EUR/USD at 1.7, which is significantly above the industry average of 1.2. This might be a bit off-putting for traders seeking lower costs. However, it’s worth noting that a higher spread doesn’t necessarily mean a worse deal. It’s essential to consider other factors such as the trading environment, platform, and customer service.
On the other hand, Fusion Markets consistently offers lower spreads than the industry average. For example, their spread for EUR/USD is just 0.8, which is considerably lower than the industry average. This could make a significant difference in your trading costs over time, especially if you’re a high-volume trader.
| Forex Pair | FXCM | Fusion Markets | Industry Average |
|---|---|---|---|
| EUR/USD | 1.7 | 0.8 | 1.2 |
| USD/JPY | 1.3 | 0.7 | 1.1 |
| GBP/USD | 1.6 | 0.9 | 1.3 |
| AUD/USD | 1.2 | 0.6 | 1.0 |
| USD/CAD | 1.5 | 0.8 | 1.2 |
| USD/CHF | 1.4 | 0.7 | 1.1 |
| NZD/USD | 1.3 | 0.6 | 1.0 |
Standard Account Analysis Updated April 2024[1]April 2024 Published And Tested Data
However, it’s not just about the numbers. When choosing a forex broker, it’s crucial to consider the overall package, including the trading environment, platform, and customer service. In my experience, a slightly higher spread can be worth it if it means getting a superior trading experience.
In conclusion, while Fusion Markets seems to be the cheaper option based on spreads alone, I believe it’s essential to consider the overall trading experience. After all, forex trading is not just about costs, but also about the platform, customer service, and overall trading environment. FXCM offers a more transparent fee structure with low spreads that include costs, making it the better option for traders who prefer clarity and simplicity in trading costs.
Fusion Markets ReviewVisit Fusion Markets
When it comes to standard account spreads, there’s a clear distinction between FXCM, Fusion Markets, and the industry average. Let’s delve into the details.
FXCM, for instance, has higher spreads across all forex pairs, with EUR/USD at 1.7, which is significantly above the industry average of 1.2. This might be a bit off-putting for traders seeking lower costs. However, it’s worth noting that a higher spread doesn’t necessarily mean a worse deal. It’s essential to consider other factors such as the trading environment, platform, and customer service.
On the other hand, Fusion Markets consistently offers lower spreads than the industry average. For example, their spread for EUR/USD is just 0.8, which is considerably lower than the industry average. This could make a significant difference in your trading costs over time, especially if you’re a high-volume trader.
| Forex Pair | FXCM | Fusion Markets | Industry Average |
|---|---|---|---|
| EUR/USD | 1.7 | 0.8 | 1.2 |
| USD/JPY | 1.3 | 0.7 | 1.1 |
| GBP/USD | 1.6 | 0.9 | 1.3 |
| AUD/USD | 1.2 | 0.6 | 1.0 |
| USD/CAD | 1.5 | 0.8 | 1.2 |
| USD/CHF | 1.4 | 0.7 | 1.1 |
| NZD/USD | 1.3 | 0.6 | 1.0 |
Standard Account Analysis Updated April 2024[1]April 2024 Published And Tested Data
However, it’s not just about the numbers. When choosing a forex broker, it’s crucial to consider the overall package, including the trading environment, platform, and customer service. In my experience, a slightly higher spread can be worth it if it means getting a superior trading experience.
Verdict: In conclusion, while Fusion Markets seems to be the cheaper option based on spreads alone, I believe it’s essential to consider the overall trading experience. After all, forex trading is not just about costs, but also about the platform, customer service, and overall trading environment.
Fusion Markets ReviewVisit Fusion Markets
Both Fusion Markets and FXCM offer multiple trading platforms, but they cater to different types of traders. Fusion Markets primarily focuses on MetaTrader 4 and 5, which are popular for their user-friendly interfaces and advanced charting tools. FXCM, on the other hand, offers a variety of platforms including its proprietary Trading Station, which is known for its customisability and advanced features.
| Trading Platform | Fusion Markets | FXCM |
|---|---|---|
| MetaTrader 4 | ✔️ | ❌ |
| MetaTrader 5 | ✔️ | ❌ |
| Trading Station | ❌ | ✔️ |
| NinjaTrader | ❌ | ✔️ |
| ZuluTrade | ❌ | ✔️ |
Verdict: While Fusion Markets is a solid choice for traders who prefer the MetaTrader platforms, FXCM offers a more diversified range of trading platforms, making it the better option for traders looking for variety and advanced features.
When it comes to account types and features, both brokers offer a range of options. Fusion Markets has a simpler offering with its Standard and Zero accounts, both of which have no minimum deposit requirement. FXCM offers different types of accounts including Standard, Active Trader, and a demo account, each catering to different trading needs.
| Account Type & Features | Fusion Markets | FXCM |
|---|---|---|
| Standard Account | ✔️ | ✔️ |
| Zero Account | ✔️ | ❌ |
| Active Trader Account | ❌ | ✔️ |
| Demo Account | ✔️ | ✔️ |
| Social Trading | ✔️ | ❌ |
Verdict: FXCM offers a more comprehensive set of account types and features, including the Active Trader account for high-volume traders. Fusion Markets, however, is the better choice for those who prefer a simpler, straightforward account structure with social trading options.
When it comes to trading experience, both Fusion Markets and FXCM have their unique selling points. Fusion Markets primarily offers the MetaTrader 4 and 5 platforms, which are renowned for their advanced features, customisation options, and user-friendly interface.
On the other hand, FXCM’s Trading Station platform is a robust choice, especially for high-volume traders. It offers advanced charting tools, a variety of technical indicators, and a highly customisable interface.
Verdict: While Fusion Markets offers a straightforward and user-friendly experience, especially for those familiar with MetaTrader, FXCM provides a more comprehensive trading experience, particularly for those who trade in high volumes.
FXCM Trust Score
Fusion Markets Trust Score
Regulatory compliance is a significant factor in determining the trustworthiness of a forex broker. Fusion Markets is primarily regulated by the Australian Securities and Investments Commission (ASIC). FXCM, on the other hand, is regulated by a host of international financial authorities, providing a broader scope of oversight.
| Broker | Regulatory Authorities |
|---|---|
| Fusion Markets | ASIC |
| FXCM | ASIC, FCA (UK), FSCA (South Africa), CySEC (Cyprus), AMF (France), BaFin (Germany), CONSOB (Italy), CFTC (USA), and IIROC (Canada) |
Verdict: With its extensive list of regulatory authorities, FXCM stands out as the more trustworthy and secure option for traders, offering a global reach with multiple layers of oversight.
| Tier 1 Regulators | Tier 2 Regulators | Tier 3 Regulators | Year Founded | Headquarters | Search Popularity | Regulatory Issues? | TrustPilot Scores | Publically Listed | Bank Status? | |
|---|---|---|---|---|---|---|---|---|---|---|
| FXCM | ASIC (Australia) FCA (UK) CYSEC (Cyprus) CIRO (CANADA) BaFin (Germany) |
FSCA (South Africa) ISA (Israel) |
1999 | New York, USA | 38,100 | Bankrupt Scandal | 4.5 - 345 Reviews | Yes | No | |
| Fusion Markets | ASIC (Australia) | VFSC FSA-S (Seychelles) |
2017 | Melbourne, Australia | 12,100 | None | 4.7 - 840 Reviews | No | No |
Both brokers offer a variety of trading products, but FXCM takes the lead with a more diversified portfolio. Fusion Markets primarily focuses on forex and a few other asset classes.
| Product Type | Fusion Markets | FXCM |
|---|---|---|
| Forex Pairs | ✔️ | ✔️ |
| Indices | ✔️ | ✔️ |
| Commodities | ✔️ | ✔️ |
| Cryptocurrencies | ❌ | ✔️ |
| Bonds | ❌ | ✔️ |
| ETFs | ❌ | ✔️ |
| Options | ❌ | ✔️ |
| Stocks | ❌ | ✔️ |
| Metals | ✔️ | ✔️ |
| Energies | ✔️ | ✔️ |
Verdict: FXCM offers a more comprehensive range of CFDs and Markets, making it a better choice for traders looking for diversified trading options.
Education is key in trading, and here FXCM clearly has the upper hand. Fusion Markets offers basic educational content, suitable for novice traders.
Verdict: Based on our team’s scoring, FXCM offers a more comprehensive and advanced set of educational resources, making it the better choice for traders looking to expand their knowledge.
Customer service is a critical aspect of any broker. Both Fusion Markets and FXCM offer 24/7 customer support, but FXCM has a slight edge in terms of the quality and speed of service.
| Feature | Fusion Markets | FXCM |
|---|---|---|
| 24/7 Support | ✔️ | ✔️ |
| Live Chat | ✔️ | ✔️ |
| Phone Support | ✔️ | ✔️ |
| Email Support | ✔️ | ✔️ |
| Multilingual Support | ❌ | ✔️ |
| Response Time | Good | Excellent |
Verdict: Based on our in-depth testing, FXCM offers a faster and more efficient customer service experience, making it the better choice for traders who may need quick and effective support.
Funding options can make or break a trader’s experience. Fusion Markets offers a more trader-friendly approach by not charging any fees for deposits or withdrawals.
Verdict: Fusion Markets is the clear winner here, offering a hassle-free and cost-effective way to manage your trading funds.
The minimum deposit is often a decisive factor for many traders, especially those just starting out. Fusion Markets is more accessible with no minimum deposit, while FXCM requires a $300 minimum deposit for its Standard account.
| Broker | Minimum Deposit |
|---|---|
| Fusion Markets | $0 |
| FXCM | $300 |
Verdict: For traders who are cautious about initial investment, Fusion Markets is the go-to option with its zero minimum deposit requirement.
FXCM is the winner because it offers a more comprehensive trading experience, superior educational resources, and better customer service. The table below summarises the key information leading to this verdict.
| Criteria | Fusion Markets | FXCM |
|---|---|---|
| Lowest Spreads And Fees | ❌ | ✔️ |
| Better Trading Platform | ❌ | ✔️ |
| Superior Accounts And Features | ❌ | ✔️ |
| Best Trading Experience And Ease | ❌ | ✔️ |
| Stronger Trust And Regulation | ❌ | ✔️ |
| Top Product Range And CFD Markets | ❌ | ✔️ |
| Superior Educational Resources | ❌ | ✔️ |
| Superior Customer Service | ❌ | ✔️ |
| Better Funding Options | ✔️ | ❌ |
| Lower Minimum Deposit | ✔️ | ❌ |
Fusion Markets is better for beginner traders due to its lower minimum deposit and simpler platform options.
FXCM is the go-to choice for experienced traders due to its advanced trading platforms and comprehensive educational resources.
FXCM generally has lower costs, especially when it comes to spreads and fees. For example, FXCM offers spreads as low as 0.2 pips on major currency pairs. Fusion Markets, while competitive, doesn’t quite match up. For more details, you can visit our lowest spread brokers in the UK.
Fusion Markets is the better choice for MetaTrader 4 users. It offers a seamless experience on this platform, whereas FXCM provides multiple platform options. For more insights, check out our best MT4 brokers.
Fusion Markets offers social trading through platforms like Myfxbook Auto and DupliTrade. FXCM doesn’t have a dedicated social trading platform. For more on social trading, visit our best copy trading platforms.
FXCM offers spread betting, while Fusion Markets does not. Spread betting is a tax-efficient way to trade. For more on this, you can check out best spread betting brokers in the UK.
In my opinion, Fusion Markets is superior for Australian Forex traders. It’s ASIC-regulated and founded in Australia, offering a sense of local trust. FXCM, although ASIC-regulated, is based overseas. For more information, check out our best Australian Forex brokers.
For UK traders, I’d recommend FXCM. It’s FCA-regulated and offers a robust trading experience. Fusion Markets, while a strong contender, is not FCA-regulated and is based overseas. For more details, you can visit our best UK trading platforms.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
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