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Fusion Markets vs IC Markets: Comparison and Analysis

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

IC Markets is better than Fusion Markets for CFD trading, because it has MetaTrader 4, cTrader and TradingView, which Fusion Markets does not offer, and it leads in ETFs to trade and in faster withdrawals (1 day against 5 days). Fusion Markets, on the other hand, has a lower EUR/USD cost (6.85 USD per lot against 7.80 USD). IC Markets allows scalping and executes orders in 66 ms. Fusion Markets and IC Markets are both regulated by CySEC and ASIC, with an offshore company regulated by the FSA (Seychelles). Both offer a demo account. Fusion Markets asks for no minimum deposit at any of its companies, while IC Markets asks for 224.00 USD at its European company, 200.00 USD at its Australian company and no minimum deposit at its offshore company.

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.
Fusion Markets review ›
75CFD/FXOverall score Fusion Markets scores 75/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

73-89% of retail investor accounts lose money when trading CFDs.

Best overall

IC Markets

CFDCFD IC 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 IC Markets offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
IC Markets review ›
87CFD/FXOverall score IC Markets scores 87/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

72.52% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders Fusion Markets and IC Markets are best suited to, based on what each one actually offers in .
1 / 12

IC Markets is better than Fusion Markets for professional traders and scalpers. Swing traders, news traders and algo traders can choose either IC Markets or Fusion Markets.

Best for
Overall score Fusion Markets 75 -12 IC Markets 87 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 IC Markets.
2 / 12

Fusion Markets and IC Markets are both regulated by top-tier authorities, including CySEC and ASIC (Australia).

Regulation
Section score Fusion Markets 100 IC Markets 100
Tier-1 regulators
ESMA (European Union) i CySEC (Cyprus) CySEC (Cyprus)
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 IC Markets have in place to protect your money in .
3 / 12

Both Fusion Markets and IC Markets offer segregated client funds and an investor compensation scheme.

Safety
Section score Fusion Markets 75 -3 IC Markets 78 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2017 2007
Parent company i Gleneagle Securities Pty Ltd International Capital Markets Pty Ltd
CEO i Phil Horner Andrew Budzinski
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i Eurobank
Brand power
Number of customers worldwide i
Annual revenue i
Monthly website search traffic i 391K monthly visits 2.2M monthly visits

Costs

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

Fusion Markets is better than IC Markets for costs, as Fusion Markets is cheaper on EUR/USD, at 6.85 USD per lot (against IC Markets' 7.8 USD), and has tighter S&P 500 CFD spreads, at 0.3 points (against IC Markets' 0.36 points). Neither Fusion Markets nor IC Markets charges account maintenance fees or deposit fees.

Costs
Section score Fusion Markets 68 Best IC Markets 65 -3
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 USD 4.5 USD 7
EUR/USD average standard spread i
0.9 pips
0.8 pips
EUR/USD average raw spread i
0.02 pips
0.06 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 6.85 USD 7.8
S&P 500 fees (CFD) i 0.3 points 0.36 points
Gold fees (CFD) i 0.08 points
Bitcoin fees (CFD) i USD 6.46
US stocks fees (CFD) i USD 0.02
Fees on stocks
Stock fee type i 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 Free
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 IC Markets in , and of how many instruments each one gives access to.
5 / 12

There is little between Fusion Markets and IC Markets on available markets. Both Fusion Markets and IC Markets offer CFDs on commodities, crypto, forex, indices and stocks. IC Markets has a slight edge, as it offers CFDs on ETFs, and gives access to 2,850 tradable symbols (against Fusion Markets' 247).

Available markets
Section score Fusion Markets 75 IC Markets 75
Total tradable symbols i 247 2,850
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 IC Markets make available to their clients in .
6 / 12

IC Markets is better than Fusion Markets for platforms, given that IC Markets offers cTrader, MetaTrader 4 and social trading, which Fusion Markets does not. Both Fusion Markets and IC Markets offer MetaTrader 5 and copy trading.

Platform
Section score Fusion Markets 66 -23 IC Markets 89 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 IC Markets in , and of what each one lets you do from your phone.
7 / 12

IC Markets is better than Fusion Markets for mobile trading, as IC Markets offers a proprietary mobile app, the cTrader app and the MetaTrader 4 app, which Fusion Markets does not. Both Fusion Markets and IC Markets offer the MetaTrader 5 app and mobile trading signals.

Mobile
Section score Fusion Markets 70 -23 IC Markets 93 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 IC Markets allow on their platforms in .
8 / 12

IC Markets is better than Fusion Markets for trading features, because IC Markets allows for scalping. Fusion Markets and IC Markets both offer negative balance protection and trailing stops.

Trading features
Section score Fusion Markets 81 -12 IC Markets 93 Best
Trade execution
Broker type i NDD NDD
Average execution time i 66 ms
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1About this value. This is the major fx pairs leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 30:1 (Australia), 500:1 (other accepted countries). 30:1About this value. This is the major fx pairs leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 30:1 (Australia), 5000:1 (other accepted countries).
Minor/Exotic FX pairs leverage i 20:1About this value. This is the minor/exotic fx pairs leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 20:1 (Australia), 500:1 (other accepted countries). 20:1About this value. This is the minor/exotic fx pairs leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 5000:1 (other accepted countries).
Major indices leverage i 20:1About this value. This is the major indices leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 20:1 (Australia), 100:1 (other accepted countries). 20:1About this value. This is the major indices leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 200:1 (other accepted countries).
Minor indices leverage i 10:1About this value. This is the minor indices leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 10:1 (Australia), 100:1 (other accepted countries). 10:1About this value. This is the minor indices leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 10:1 (Australia), 200:1 (other accepted countries).
Gold leverage i 20:1About this value. This is the gold leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 20:1 (Australia), 500:1 (other accepted countries). 20:1About this value. This is the gold leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 2000:1 (other accepted countries).
Commodities leverage i 10:1About this value. This is the commodities leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 10:1 (Australia), 500:1 (other accepted countries). 10:1About this value. This is the commodities leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 10:1 (Australia), 1000:1 (other accepted countries).
Equities leverage i 5:1About this value. This is the equities leverage at Fusion Markets EU Ltd (CySEC). At Fusion Markets' other companies: 5:1 (Australia), 20:1 (other accepted countries). 5:1About this value. This is the equities leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 5:1 (Australia), 20:1 (other accepted countries).
Cryptocurrency leverage i 2:1 2:1About this value. This is the cryptocurrency leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 2:1 (Australia), 500:1 (other accepted countries).
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 USD 0 USD 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 Fusion Markets and at IC Markets in , and of who each one is meant for.
9 / 12

IC Markets is better than Fusion Markets for account types, as IC Markets offers a professional traders account, a corporate account and an unlimited demo account, which Fusion Markets does not. Fusion Markets and IC Markets both offer a demo account and a managed account.

Account types
Section score Fusion Markets 52 -27 IC Markets 79 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 IC Markets in .
10 / 12

IC Markets is better than Fusion Markets for account opening, as IC Markets offers 10 account base currencies (against Fusion Markets' 8), has no minimum withdrawal (against Fusion Markets' 30 USD), and credits deposits faster, within the same day (against Fusion Markets' 5 days). However, Fusion Markets does not require a minimum deposit at all (against IC Markets' 224 USD).

Account opening
Section score Fusion Markets 82 -3 IC Markets 85 Best
Minimum deposit i USD 0 USD 224About this value. This is the minimum deposit at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: USD 200 (Australia), USD 0 (other accepted countries).
Minimum withdrawal i USD 30 USD 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, CAD, EUR, GBP, JPY, SGD, THB, USDAbout this value. This is the account base currencies at Fusion Markets EU Ltd (CySEC). It is different at Fusion Markets' companies in Australia. AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USDAbout this value. This is the account base currencies at IC Markets (EU) Ltd (CySEC). It is different at IC Markets' companies in Australia.
Deposit waiting time i up to 5 business days Instant
Withdrawal waiting time i up to 5 business days up to 1 business days
Bonus program i

Customer care

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

IC Markets is better than Fusion Markets for customer care, because IC Markets offers customer support in 17 languages (against Fusion Markets' 1), has a website in 17 languages (against Fusion Markets' 6), and offers a dedicated account manager, which Fusion Markets does not. Fusion Markets and IC Markets both offer phone support and priority support.

Customer care
Section score Fusion Markets 59 -28 IC Markets 87 Best
Number of languages supported i 6 17
Website languages i English, Indonesian, Spanish, Thai, Vietnamese, Chinese Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese
Website available in English i
Customer support languages i English Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, 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 IC Markets provide to their clients in .
12 / 12

IC Markets is better than Fusion Markets for learning, given that IC Markets offers webinars, professional reports and daily trading ideas, which Fusion Markets does not. Fusion Markets and IC Markets both offer education for advanced traders and education for beginners.

Learning
Section score Fusion Markets 64 -36 IC Markets 100 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 73-89% of retail investor accounts lose money when trading CFDs.
IC Markets
Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

Fusion Markets vs IC Markets: which one should you choose?

Fusion Markets

CFD/FX Choose Fusion Markets if you want an online CFD broker with low trading costs and no minimum deposit.

Open Account 73-89% of retail investor accounts lose money when trading CFDs.
IC Markets

CFD/FX Choose IC Markets if you want a forex broker with cTrader, TradingView and ETFs.

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.

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