Fusion Markets vs Halifax compared

Online brokers compared for fees, trading platforms, safety and more. See how Fusion Markets stacks up against Halifax!

Fusion Markets
Halifax
74-89% of retail CFD accounts lose money

Last update of dataNov 2022

Fusion Markets

Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC, VFSC and FSA Seychelles

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

Halifax

UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group

Recommended for beginners and long-term investors.

Fusion Markets's service is on par with Halifax's and a comparison of their fees shows that Fusion Markets's fees are similar to Halifax's.

Account opening takes somewhat less effort at Fusion Markets compared to Halifax, deposit and withdrawal processes are somewhat easier at Fusion Markets, while customer service quality is much better than Halifax's.

Our experts rated the trading platform of Fusion Markets as much better than the platform of Halifax, found that clients have access to slightly less markets and products with Fusion Markets, while Halifax provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Best discount forex broker

Overall Score
4.6

Recommended for Beginners and long-term investors

Country of origin

Australia

Country of origin

UK

Fees

Fees score
4.7
Fees score
4.5
Fees summary

Low trading and non-trading fees, low forex fees

Fees summary

Low non-trading fees, but high trading fees.

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.4
Deposit and withdrawal score
3.8
Number of base currencies

8

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill / tax document

Required documents

May require proof of residency at a UK address for the last 3 years, for trading of US investments a special W-8BEN form for tax purposes

Trading platform

Web platform score
2.8
Web platform score
2.8
Mobile platform score
3.8
Mobile platform score
-
Desktop platform score
3.4
Desktop platform score
-

Markets and products

Markets and products score
2.2
Markets and products score
3.2
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
*
*
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.0
Research score
3.5
Charting quality

Mid-range

Charting quality

Mid-range

Education score
1.5
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
0.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

£85,000

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2010

Foundation date

1996

Country of regulation

Australia, Vanuatu

Country of regulation

UK

Fusion Markets

For detailed information and hands-on experience, read our review of this broker.

Halifax

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

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