Fusion Markets Logo

Fusion Markets Alternatives

Written by
Adam N.
Fact checked by
Updated
2w ago

The best alternatives to Fusion Markets are

  1. IC Markets - Global forex broker
  2. Pepperstone - Australian forex and CFD broker
  3. Axi - Australian forex broker
  4. TMGM - Global forex broker

Let's see in a bit more detail how the Fusion Markets alternatives compare to Fusion Markets and each other:

Fusion Markets alternatives comparison
Axi
Overall score
4.5 stars 4.6 stars 4.6 stars 4.4 stars 4.3 stars
Fees score
4.7 stars 4.7 stars 4.5 stars 4.4 stars 4.4 stars
Account opening score
5.0 stars 5.0 stars 5.0 stars 4.2 stars 5.0 stars
Deposit and withdrawal score
4.4 stars 4.9 stars 4.8 stars 4.4 stars 4.3 stars
Web platform score
2.8 stars 2.8 stars 2.8 stars 2.8 stars 2.8 stars
Markets and products score
2.2 stars 2.2 stars 2.5 stars 2.2 stars 2.2 stars
Visit broker
74.32% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
73.9% of retail CFD accounts lose money
Visit broker
68% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Fusion Markets? There are many areas based on which Fusion Markets can be compared with others. When we say a given online broker is a good alternative to Fusion Markets we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Fusion Markets alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
  • Pepperstone is recommended for forex traders looking for great account opening and customer service
  • Axi is recommended for forex traders familiar with the metatrader 4 platform
  • TMGM is recommended for forex traders who prefer the metatrader platform

Important factors of finding Fusion Markets alternatives

So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Fusion Markets or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Fusion Markets is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Fusion Markets alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Fusion Markets this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Fusion Markets, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Fusion Markets alternative is a must.


Now let's dive into the details of how Fusion Markets and its alternatives perform in the most important areas!

IC Markets

Australia’s IC Markets is a worthy option if low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform.

It has a competitive product selection that includes crypto, and a flexible fee structure offering very tight spreads with a reasonable commission. You can set up your account in no time and enjoy various deposit and withdrawal options, all free of charge.

IC Markets is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. The MetaTrader platform used by IC Markets has its limitations in design and functionality but will be familiar to many forex traders.

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Visit broker
74.32% of retail CFD accounts lose money

IC Markets vs. Fusion Markets: Trading fees
FX commission per lot
$3.50 commission per lot per trade $2.25 commission per lot per trade
EURUSD spread
0.0 0.0
GBPUSD spread
0.0 0.0
AUDUSD spread
0.0 0.0
USDJPY spread
0.1 0.0
USDCAD spread
0.2 0.0
IC Markets vs. Fusion Markets: Minimum deposit, time to open an account
Minimum deposit
$200
$0
Time to open account
1 day 1 day

If you are interested more in IC Markets minimum deposit, this overview will help you.

IC Markets vs. Fusion Markets: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of IC Markets, a Fusion Markets alternative
IC Markets vs. Fusion Markets: Trading platform scores
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.8 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Visit broker
74.32% of retail CFD accounts lose money

IC Markets vs. Fusion Markets: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Pepperstone

Pepperstone is one of the most famous FX brokers in the industry. If you’re looking for a comfortable account opening and funding, as well as a variety of trading platforms, Pepperstone is a great choice.

Its trading fees are fairly competitive, and deposits/withdrawals are mostly free.

Still, the lack of assets outside forex/CFD will likely deter some traders, and if you go with the MetaTrader platform, you may be underwhelmed by its basic design and UX.

Recommended for forex traders looking for great account opening and customer service

Visit broker
74-89% of retail CFD accounts lose money

Pepperstone vs. Fusion Markets: Trading fees
FX commission per lot
$3.50 commission per lot per trade $2.25 commission per lot per trade
EURUSD spread
0.1 0.0
GBPUSD spread
0.2 0.0
AUDUSD spread
0.2 0.0
USDJPY spread
0.3 0.0
USDCAD spread
0.3 0.0
Pepperstone vs. Fusion Markets: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1 day

If you are interested more in Pepperstone minimum deposit, this overview will help you.

Pepperstone vs. Fusion Markets: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Pepperstone, a Fusion Markets alternative
Pepperstone vs. Fusion Markets: Trading platform scores
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.8 stars
3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

Visit broker
74-89% of retail CFD accounts lose money

Pepperstone vs. Fusion Markets: Markets and products
Stocks
No
No
ETFs
No
No
Forex
Yes
Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
No
Yes

Axi

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies.

It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you in conversion costs.

Like most competitors, Axi uses the well-known MetaTrader 4 trading platform, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies.

Recommended for forex traders familiar with the metatrader 4 platform

Visit broker
73.9% of retail CFD accounts lose money

Axi vs. Fusion Markets: Trading fees
Axi
FX commission per lot
$3.50 commission per lot per trade $2.25 commission per lot per trade
EURUSD spread
0.2 0.0
GBPUSD spread
0.4 0.0
AUDUSD spread
0.4 0.0
USDJPY spread
0.3 0.0
USDCAD spread
0.7 0.0
Axi vs. Fusion Markets: Minimum deposit, time to open an account
Axi
Minimum deposit
$0
$0
Time to open account
1-3 days 1 day

If you are interested more in Axi minimum deposit, this overview will help you.

Axi vs. Fusion Markets: Withdrawal options
Axi
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Axi, a Fusion Markets alternative
Axi vs. Fusion Markets: Trading platform scores
Axi
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.8 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about Axi's web trading platform in the detailed Axi review.

Visit broker
73.9% of retail CFD accounts lose money

Axi vs. Fusion Markets: Markets and products
Axi
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

TMGM

Australian TMGM is a good choice if you are content with only CFD/forex trading and prefer the MetaTrader platform.

It has a very strong selection of stock CFDs and a decent offering of forex pairs, all at low fees. It’s easy to open and fund your account, and the $100 minimum deposit is reasonable.

Still, the lack of assets outside forex, CFDs and crypto will likely deter long-term investors, and the MetaTrader platform is not everyone’s favorite due to its poor design and limited functionality.

Casual traders will be stung by a steep inactivity fee that kicks in after six months or if your account balance is too low.

Recommended for forex traders who prefer the metatrader platform

Visit broker
68% of retail CFD accounts lose money

TMGM vs. Fusion Markets: Trading fees
FX commission per lot
$3.50 commission per lot per trade $2.25 commission per lot per trade
EURUSD spread
0.1 0.0
GBPUSD spread
0.3 0.0
AUDUSD spread
0.1 0.0
USDJPY spread
0.2 0.0
USDCAD spread
0.3 0.0
TMGM vs. Fusion Markets: Minimum deposit, time to open an account
Minimum deposit
$100
$0
Time to open account
1 day 1 day

If you are interested more in TMGM minimum deposit, this overview will help you.

TMGM vs. Fusion Markets: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of TMGM, a Fusion Markets alternative
TMGM vs. Fusion Markets: Trading platform scores
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.8 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars

Learn more about TMGM's web trading platform in the detailed TMGM review.

Visit broker
68% of retail CFD accounts lose money

TMGM vs. Fusion Markets: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Fusion Markets

Fusion Markets is a zero fuss broker for anyone wishing to trade forex, CFD and crypto. It has low trading and non-trading fees, account opening is a breeze and there is no minimum deposit required.

You can only use the MetaTrader 4 platform, which is a favorite with many forex traders but has outdated design and UX.

Among its drawbacks, Fusion Markets does not provide investor protection, and popular assets such as real stocks and ETFs are not available.

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Fusion Markets alternatives trading fees
Axi
FX commission per lot
$2.25 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.0 0.0 0.1 0.2 0.1
GBPUSD spread
0.0 0.0 0.2 0.4 0.3
AUDUSD spread
0.0 0.0 0.2 0.4 0.1
USDJPY spread
0.0 0.1 0.3 0.3 0.2
USDCAD spread
0.0 0.2 0.3 0.7 0.3
Fusion Markets alternatives minimum deposit and account open times
Axi
Minimum deposit
$0
$200
$0
$0
$100
Time to open account
1 day 1 day 1 day 1-3 days 1 day

Learn more about Fusion Markets minimum deposit here.

Fusion Markets and alternatives withdrawal options and fees
Axi
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
Yes Yes Yes Yes Yes
Withdrawal fee
$0
$0
$0
$0
$0
Fusion Markets - Web trading platform
Fusion Markets and alternatives trading platform scores
Axi
Web platform score
2.8 stars 2.8 stars 2.8 stars 2.8 stars 2.8 stars
Mobile platform score
3.8 stars 3.8 stars 3.8 stars
3.8 stars 3.8 stars
Desktop platform score
3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.

Fusion Markets and alternatives markets and products
Axi
Stocks
No No No
No No
ETFs
No No No
No No
Forex
Yes Yes Yes
Yes Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No No No
Futures
No No No No No
CFDs
Yes Yes Yes Yes Yes
Crypto
Yes
Yes
No
Yes
Yes

Bottom line

Based on our analysis, there are several good alternatives to Fusion Markets. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Fusion Markets alternatives
Broker intro
Recommended for
Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Australian forex and CFD broker Forex traders looking for great account opening and customer service
Axi
Australian forex broker Forex traders familiar with the MetaTrader 4 platform
Global forex broker Forex traders who prefer the MetaTrader platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

User registration is now open!
Sign up for free to access personalized broker recommendations, watchlist, alerts, and more on our platform
Sign up now

Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit Fusion Markets 74-89% of retail CFD accounts lose money
Visit IC Markets 74.32% of retail CFD accounts lose money
Visit Pepperstone 74-89% of retail CFD accounts lose money
Visit Axi 73.9% of retail CFD accounts lose money
Visit TMGM 68% of retail CFD accounts lose money

Follow us

Regional settings

×
I'd like to trade with...