Fusion Markets vs IC Markets: Comparison and Analysis

Fusion Markets vs IC Markets: A Comparison of Two Brokers

When it comes to choosing a broker, investors must consider several factors, such as security, markets, fees, platforms, education, and customer care. In this comparison summary, we will compare Fusion Markets and IC Markets based on these aspects.

Security

Both brokers are regulated by reputable entities. IC Markets is regulated by CySEC, ASIC, FSA, and SCB, while Fusion Markets is regulated by ASIC, VFSC, and FSA. IC Markets has a slightly higher security rating than Fusion Markets, with a score of 93 compared to 92.

Demo Accounts

IC Markets offers an unlimited demo account with virtual funds up to $5,000,000, which can be restored by contacting customer support. Fusion Markets offers a demo account for 30 days with customizable virtual funds, which can be replenished if needed.

Account Opening

IC Markets has no minimum deposit, but it suggests a minimum deposit of $200. It offers over ten base currencies and several payment methods, including wire transfers, credit/debit cards, e-wallets, and bitcoin deposits. IC Markets also offers standard, RAW Spread, and Professional accounts for advanced traders. Fusion Markets has a $0 minimum deposit requirement and offers account currencies in AUD, CAD, EUR, GBP, JPY, SGD, THB, and USD. Payment methods include wire transfers, credit/debit cards, and e-wallets. Fusion Markets offers zero, classic, Islamic, and MAM accounts.

Copy-Social Trading

IC Markets offers copy-social trading through third-party platforms like ZuluTrade, while Fusion Markets has its own proprietary copy trading platform, as well as compatibility with third-party platforms like myfxbook and Duplitrade.

Markets

IC Markets has a broader range of markets, offering 63 forex pairs, 21 commodities, 25 indices, 63 crypto assets, and over 1,600 stocks. It also offers four futures and options contracts. Fusion Markets offers 84 forex pairs, 26 commodities, 7 indices, 14 crypto assets, and 110 shares.

Trading Fees

Both brokers offer variable spreads, with IC Markets spreads starting from 0 pip on forex and Fusion Markets spreads starting from 0 pips on its Zero account and 0.8 pips on its Classic account. IC Markets also charges commissions up to $7 per lot traded, while Fusion Markets charges $4.50 per standard lot round turn on the ECN account, with no commissions on the Standard account. IC Markets charges variable spreads on stocks, while Fusion Markets charges $0 commission on CFD shares.

Platforms

IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader, which are available via webtrader, desktop, and mobile devices. All platforms allow algo trading, and IC Markets also offers VPS services. Fusion Markets offers MetaTrader 4 and MetaTrader 5, which are available via web, desktop, and mobile devices. It also has a proprietary copy trading platform.

Education/Customer Care

IC Markets has a broad range of educational materials, including webinars and podcasts, while Fusion Markets currently only offers forex news on its blog and FAQs. Both brokers can be contacted via email, live chat, and phone. IC Markets supports over 18 languages, while Fusion Markets’ customer care options are not specified.

Conclusion

Both Fusion Markets and IC Markets offer competitive trading conditions and a wide range of markets to trade in. However, IC Markets has a broader range of assets, more educational materials, and a wider variety of account types. Fusion Markets offers a $0 minimum deposit requirement and its proprietary copy trading platform, making it a good choice for beginners or those looking for a more personalised trading experience. However, IC Markets has a more extensive selection of third-party copy-social trading platforms and better customer care options.