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Fusion Markets vs Pepperstone: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD/FX trading

Pepperstone is better than Fusion Markets for CFD trading in Australia by a small margin, because it executes orders in 50 ms, has more tradable symbols (1,350 against 250) and allows high-frequency trading strategies, VPS and API access. Pepperstone is the only one of the two to offer cTrader, TradingView and a proprietary trading platform. Fusion Markets, on the other hand, has a lower EUR/USD cost (US$6.95 per lot against US$9.00) and faster withdrawals (the same day against 2 days). Fusion Markets has professional accounts and more account base currencies (15 against 10), while Pepperstone has managed accounts and copy trading accounts. Fusion Markets and Pepperstone are both regulated in Australia by ASIC. Neither broker asks for a minimum deposit, and both have a demo account. Both allow scalping, hedging and expert advisors.

Fusion Markets

CFDCFD Fusion Markets offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX Fusion Markets offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side. Regulated in your country Fusion Markets is allowed by ASIC to onboard clients residing in Australia.
Fusion Markets review ›
77CFD/FXOverall score Fusion Markets scores 77/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Best overall

Pepperstone

CFDCFD Pepperstone offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX Pepperstone offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side. Regulated in your country Pepperstone is allowed by ASIC to onboard clients residing in Australia.
Pepperstone review ›
83CFD/FXOverall score Pepperstone scores 83/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

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 Fusion Markets and Pepperstone are best suited to, based on what each one actually offers in Australia.
1 / 12

Fusion Markets is better than Pepperstone for day traders. Professional traders, high-volume traders and scalpers can choose either Fusion Markets or Pepperstone.

Best for
Overall score Fusion Markets 77 -6 Pepperstone 83 Best
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 Fusion Markets and the ones that supervise Pepperstone.
2 / 12

Fusion Markets and Pepperstone are both regulated in Australia, by ASIC.

Regulation
Section score Fusion Markets 100 Pepperstone 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 Fusion Markets and Pepperstone have in place to protect your money in Australia.
3 / 12

Both Fusion Markets and Pepperstone offer segregated client funds and two-factor authentication.

Safety
Section score Fusion Markets 62 -3 Pepperstone 65 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2017 2010
Parent company i Gleneagle Securities Pty Ltd Pepperstone Group Limited
CEO i Phil Horner Tamas Szabo
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i National Australia Bank N/A
Brand power
Number of customers worldwide i 909,000
Annual revenue i US$13,000,000
Monthly website search traffic i 391K monthly visits 1.3M monthly visits

Costs

What we compare A comparison of what it costs to trade with Fusion Markets and with Pepperstone in Australia, both on each trade and on holding the account.
4 / 12

Fusion Markets is better than Pepperstone for costs, given that Fusion Markets is cheaper on EUR/USD, at US$6.95 per lot (against Pepperstone's US$9), has tighter S&P 500 CFD spreads, at 0.3 points (against Pepperstone's 0.5 points), and does not charge US stock CFD fees (against Pepperstone's US$0.02). Neither Fusion Markets nor Pepperstone charges inactivity fees or account maintenance fees.

Costs
Section score Fusion Markets 81 Best Pepperstone 74 -7
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$4.5 US$7
EUR/USD average standard spread i
0.92 pips
1 pips
EUR/USD average raw spread i
0.02 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i US$6.95 US$9
S&P 500 fees (CFD) i 0.3 points 0.5 points
Gold fees (CFD) i 0.78 points 0.21 points
Bitcoin fees (CFD) i US$17.59 US$15
US stocks fees (CFD) i Free US$0.02
Fees on stocks
Stock fee type i Spread Commission, Percentage
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 Fusion Markets and with Pepperstone in Australia, and of how many instruments each one gives access to.
5 / 12

There is little between Fusion Markets and Pepperstone on available markets. Both Fusion Markets and Pepperstone offer CFDs on commodities, crypto, forex, indices and stocks. Pepperstone has a slight edge, as it offers CFDs on ETFs, and gives access to 1,350 tradable symbols (against Fusion Markets' 250).

Available markets
Section score Fusion Markets 75 Pepperstone 75
Total tradable symbols i 250 1,350
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, ETF, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that Fusion Markets and Pepperstone make available to their clients in Australia.
6 / 12

Pepperstone is better than Fusion Markets for platforms, since Pepperstone offers a proprietary platform and social trading, which Fusion Markets does not. Both Fusion Markets and Pepperstone offer cTrader and MetaTrader 5.

Platform
Section score Fusion Markets 86 -11 Pepperstone 97 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 Fusion Markets and Pepperstone in Australia, and of what each one lets you do from your phone.
7 / 12

Pepperstone is better than Fusion Markets for mobile trading, since Pepperstone offers a proprietary mobile app and a mobile watchlist, which Fusion Markets does not. Fusion Markets and Pepperstone both offer the cTrader app and the MetaTrader 5 app.

Mobile
Section score Fusion Markets 74 -12 Pepperstone 86 Best
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 Fusion Markets and Pepperstone allow on their platforms in Australia.
8 / 12

Pepperstone is better than Fusion Markets for trading features, since Pepperstone allows for high-frequency trading. Fusion Markets and Pepperstone both offer negative balance protection and trailing stops.

Trading features
Section score Fusion Markets 83 -4 Pepperstone 87 Best
Trade execution
Broker type i Agency Hybrid
Average execution time i 50 ms
Slippage occurrence i
Requotes occurrence i 0.08%
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$0 US$1
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 Fusion Markets and at Pepperstone in Australia, and of who each one is meant for.
9 / 12

Pepperstone is better than Fusion Markets for account types, because Pepperstone offers a corporate account, a managed account and a copy trading account, which Fusion Markets does not. Fusion Markets and Pepperstone both offer a demo account and a professional traders account.

Account types
Section score Fusion Markets 48 -29 Pepperstone 77 Best
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 Fusion Markets and with Pepperstone in Australia.
10 / 12

Fusion Markets is better than Pepperstone for account opening, since Fusion Markets offers 15 account base currencies (against Pepperstone's 6), and pays out withdrawals faster, within the same day (against Pepperstone's 2 days). Neither Fusion Markets nor Pepperstone requires a minimum deposit.

Account opening
Section score Fusion Markets 90 Best Pepperstone 85 -5
Minimum deposit i US$0 US$0
Minimum withdrawal i US$10 US$0
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, USD, EUR, GBP, SGD, NZD, CAD, JPY, THB, NOK, SEK, CZK, HUF, CHF, DKK USD, EUR, GBP, AUD, SGD, HKD
Deposit waiting time i Instant Instant
Withdrawal waiting time i Instant up to 2 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Fusion Markets and Pepperstone in Australia, in how it can be reached and how fast it answers.
11 / 12

Pepperstone is better than Fusion Markets for customer care, since Pepperstone offers customer support in 10 languages (against Fusion Markets' 1), and has a website in 9 languages (against Fusion Markets' 6). Fusion Markets and Pepperstone both offer a dedicated account manager and phone support.

Customer care
Section score Fusion Markets 71 -7 Pepperstone 78 Best
Number of languages supported i 6 10
Website languages i English, Indonesian, Spanish, Thai, Vietnamese, Chinese Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese
Website available in English i
Customer support languages i English Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese
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 Fusion Markets and Pepperstone provide to their clients in Australia.
12 / 12

Pepperstone is better than Fusion Markets for learning, as Pepperstone offers webinars and daily trading ideas, which Fusion Markets does not. Both Fusion Markets and Pepperstone offer education for advanced traders and education for beginners.

Learning
Section score Fusion Markets 64 -20 Pepperstone 84 Best
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
Fusion Markets
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Our verdict

Fusion Markets vs Pepperstone: which one should you choose?

Fusion Markets

CFD/FX Choose Fusion Markets if you want an online CFD broker with low trading costs and same-day withdrawals.

Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone

CFD/FX Choose Pepperstone if you want a CFD and forex broker with cTrader, TradingView and a wide choice of markets.

Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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