FP Markets
Regulated in your country FP Markets is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Fusion Markets
Regulated in your country Fusion Markets is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders FP Markets and Fusion Markets are best suited to, based on what each one actually offers in Australia.Fusion Markets is better than FP Markets for day traders and high-volume traders. Both are a good fit for professional traders, scalpers and swing traders.
| Overall score | FP Markets 83 Best | Fusion Markets 77 -6 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FP Markets and the ones that supervise Fusion Markets.FP Markets and Fusion Markets are both regulated in Australia, by ASIC.
| Section score | FP Markets 100 | Fusion Markets 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FP Markets and Fusion Markets have in place to protect your money in Australia.Both FP Markets and Fusion Markets offer segregated client funds and two-factor authentication.
| Section score | FP Markets 66 Best | Fusion Markets 62 -4 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2005 | 2017 |
| Parent company i | First Prudential Markets Pty Ltd | Gleneagle Securities Pty Ltd |
| CEO i | Craig Allison | Phil Horner |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | National Australia Bank |
| Brand power | ||
| Number of customers worldwide i | ||
| Annual revenue i | ||
| Monthly website search traffic i | 563.6K monthly visits | 391K monthly visits |
Costs
What we compare A comparison of what it costs to trade with FP Markets and with Fusion Markets in Australia, both on each trade and on holding the account.Fusion Markets is better than FP Markets for costs, given that Fusion Markets is cheaper on EUR/USD, at US$6.95 per lot (against FP Markets' US$10.4), charges lower Bitcoin CFD fees, at US$17.59 (against FP Markets' US$23.6), and does not charge US stock CFD fees (against FP Markets' US$0.02). Neither FP Markets nor Fusion Markets charges inactivity fees or account maintenance fees.
| Section score | FP Markets 62 -19 | Fusion Markets 81 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$6 | US$4.5 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$10.4 | US$6.95 |
| S&P 500 fees (CFD) i | 0.25 points | 0.3 points |
| Gold fees (CFD) i | 0.24 points | 0.78 points |
| Bitcoin fees (CFD) i | US$23.6 | US$17.59 |
| US stocks fees (CFD) i | US$0.02 | Free |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Spread |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FP Markets and with Fusion Markets in Australia, and of how many instruments each one gives access to.FP Markets and Fusion Markets are close on available markets. Both FP Markets and Fusion Markets offer CFDs on commodities, crypto, forex, indices and stocks. FP Markets goes a step further, as it offers CFDs on ETFs, and gives access to 10,000 tradable symbols (against Fusion Markets' 250).
| Section score | FP Markets 75 | Fusion Markets 75 |
|---|---|---|
| Total tradable symbols i | 10,000 | 250 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that FP Markets and Fusion Markets make available to their clients in Australia.Fusion Markets is better than FP Markets for platforms, because Fusion Markets offers copy trading, which FP Markets does not. Both FP Markets and Fusion Markets offer cTrader and MetaTrader 5.
| Section score | FP Markets 83 -3 | Fusion Markets 86 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FP Markets and Fusion Markets in Australia, and of what each one lets you do from your phone.FP Markets is better than Fusion Markets for mobile trading, because FP Markets offers a proprietary mobile app and a mobile watchlist, which Fusion Markets does not. FP Markets and Fusion Markets both offer the cTrader app and the MetaTrader 5 app.
| Section score | FP Markets 86 Best | Fusion Markets 74 -12 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FP Markets and Fusion Markets allow on their platforms in Australia.FP Markets and Fusion Markets are equally good for trading features, as both offer negative balance protection and trailing stops.
| Section score | FP Markets 83 | Fusion Markets 83 |
|---|---|---|
| Trade execution | ||
| Broker type i | Hybrid | Agency |
| Average execution time i | 48 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$1 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FP Markets and at Fusion Markets in Australia, and of who each one is meant for.FP Markets is better than Fusion Markets for account types, because FP Markets offers a corporate account, an ECN account and an unlimited demo account, which Fusion Markets does not. Both FP Markets and Fusion Markets offer a demo account and a professional traders account.
| Section score | FP Markets 74 Best | Fusion Markets 48 -26 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FP Markets and with Fusion Markets in Australia.FP Markets and Fusion Markets are equally good for account opening, as FP Markets has no minimum withdrawal (against Fusion Markets' US$10). On the other hand, Fusion Markets offers 15 account base currencies (against FP Markets' 11), and credits deposits faster, within the same day (against FP Markets' 3 days). Neither FP Markets nor Fusion Markets requires a minimum deposit.
| Section score | FP Markets 90 | Fusion Markets 90 |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$10 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | PayPal, Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, SGD, USD, EUR, GBP, HKD, JPY, NZD, CHF, PLN | AUD, USD, EUR, GBP, SGD, NZD, CAD, JPY, THB, NOK, SEK, CZK, HUF, CHF, DKK |
| Deposit waiting time i | up to 3 business days | Instant |
| Withdrawal waiting time i | up to 4 business days | Instant |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FP Markets and Fusion Markets in Australia, in how it can be reached and how fast it answers.FP Markets is better than Fusion Markets for customer care, because FP Markets offers customer support in 12 languages (against Fusion Markets' 1), has a website in 10 languages (against Fusion Markets' 6), and offers call-back requests, which Fusion Markets does not. Both FP Markets and Fusion Markets offer a dedicated account manager and phone support.
| Section score | FP Markets 83 Best | Fusion Markets 71 -12 |
|---|---|---|
| Number of languages supported i | 12 | 6 |
| Website languages i | Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | English, Indonesian, Spanish, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FP Markets and Fusion Markets provide to their clients in Australia.FP Markets is better than Fusion Markets for learning, because FP Markets offers webinars, professional reports and daily trading ideas, which Fusion Markets does not. Both FP Markets and Fusion Markets offer education for advanced traders and education for beginners.
| Section score | FP Markets 100 Best | Fusion Markets 64 -36 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FP Markets vs Fusion Markets: which one should you choose?
FP Markets
CFD/FX Choose FP Markets if you want an online CFD broker with a wide choice of markets and cTrader.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Fusion Markets
CFD/FX Choose Fusion Markets if you want a forex brokerage service with low trading costs and fast deposits.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include FP Markets or Fusion Markets, each scored with the same data and method as this page.
