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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 in the UK, but IC Markets does not operate in the UK and Fusion Markets holds no licence there. IC Markets runs cTrader and TradingView next to the MetaTrader platforms both brokers share and holds more account base currencies (ten against eight). It moves money faster, crediting deposits on the same day and withdrawals in 1 day, against 5 days at Fusion Markets. Fusion Markets, on the other hand, has a lower EUR/USD cost (US$6.90 per lot against US$7.55) and lists more tradable symbols (247 against 180), although it asks for at least US$30.00 to withdraw. Neither IC Markets nor Fusion Markets is regulated in the UK, but both hold licences from CySEC and ASIC. They ask for no minimum deposit, cover CFDs on commodities, forex, indices and stocks, open raw spread, ECN, Islamic and managed accounts, offer copy trading, allow scalping, hedging, expert advisors, high-frequency strategies, VPS hosting and API access, and provide a demo account.

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. Not regulated in your country Fusion Markets does not accept residents in the UK because it is not regulated by FCA.
Fusion Markets review ›
78CFD/FXOverall score Fusion Markets scores 78/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Not licensed in the UK

The vast majority of retail client accounts lose money when trading in 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. Not available in your country IC Markets is not available in the UK.
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.
Not available in the UK

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 United Kingdom.
1 / 12

IC Markets is better than Fusion Markets for professional traders. High-volume traders, scalpers and swing traders can choose either IC Markets or Fusion Markets.

Best for
Overall score Fusion Markets 78 -9 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

Neither Fusion Markets nor IC Markets is regulated in the UK. Fusion Markets and IC Markets are both regulated by top-tier authorities, including CySEC and ASIC (Australia). IC Markets does not operate in the UK.

Regulation
Section score Fusion Markets 100 IC Markets 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 IC Markets have in place to protect your money in United Kingdom.
3 / 12

Both Fusion Markets and IC Markets offer segregated client funds and two-factor authentication. Fusion Markets holds no licence in the UK and is not covered by the FSCS.

Safety
Section score Fusion Markets 62 -3 IC Markets 65 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 National Australia Bank N/A
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 United Kingdom, both on each trade and on holding the account.
4 / 12

IC Markets is better than Fusion Markets for costs, as IC Markets has tighter EUR/USD standard spreads, at 0.8 pips (against Fusion Markets' 0.92 pips), has tighter gold CFD spreads, at 0.09 points (against Fusion Markets' 0.86 points), and charges lower Bitcoin CFD fees, at US$12.01 (against Fusion Markets' US$18.97). Neither Fusion Markets nor IC Markets charges account maintenance fees or deposit fees.

Costs
Section score Fusion Markets 73 -6 IC Markets 79 Best
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
0.8 pips
EUR/USD average raw spread i
0.01 pips
0.01 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i US$6.9 US$7.55
S&P 500 fees (CFD) i 0.31 points 0.492 points
Gold fees (CFD) i 0.86 points 0.09 points
Bitcoin fees (CFD) i US$18.97 US$12.01
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 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 United Kingdom, 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 United Kingdom.
6 / 12

There is little between Fusion Markets and IC Markets on platforms, as both offer cTrader and MetaTrader 5. IC Markets goes a step further, as it offers social trading and ZuluTrade.

Platform
Section score Fusion Markets 89 IC Markets 89
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 United Kingdom, 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 and a mobile watchlist, which Fusion Markets does not. Both Fusion Markets and IC Markets offer the cTrader app and the MetaTrader 5 app.

Mobile
Section score Fusion Markets 87 -6 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 United Kingdom.
8 / 12

IC Markets is better than Fusion Markets for trading features. Fusion Markets and IC Markets both offer trailing stops and tier-1 liquidity providers. The leverage shown for Fusion Markets is set by its Seychelles entity and exceeds the retail limit in the UK (30:1 on major currency pairs). The leverage shown for IC Markets is set by its Seychelles entity and exceeds the retail limit in the UK (30:1 on major currency pairs).

Trading features
Section score Fusion Markets 76 -7 IC Markets 83 Best
Trade execution
Broker type i NDD NDD
Average execution time i 40 ms
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 500:1 5000:1
Minor/Exotic FX pairs leverage i 500:1 5000:1
Major indices leverage i 100:1 200:1
Minor indices leverage i 100:1 200:1
Gold leverage i 500:1 2000:1
Commodities leverage i 500:1 1000:1
Equities leverage i 20:1 20:1
Cryptocurrency leverage i 2:1 500:1
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$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 United Kingdom, 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 64 -28 IC Markets 92 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 United Kingdom.
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' US$10), and credits deposits faster, within the same day (against Fusion Markets' 5 days). Neither Fusion Markets nor IC Markets requires a minimum deposit. IC Markets does not operate in the UK and Fusion Markets holds no licence there.

Account opening
Section score Fusion Markets 85 -10 IC Markets 95 Best
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, CAD, EUR, GBP, JPY, SGD, THB, USD AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
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 United Kingdom, 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), and has a website in 17 languages (against Fusion Markets' 6). Fusion Markets and IC Markets both offer a dedicated account manager and phone support.

Customer care
Section score Fusion Markets 70 -17 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 United Kingdom.
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
Not licensed in the UK The vast majority of retail client accounts lose money when trading in CFDs.
IC Markets
Not available in the UK 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 live in a country where it is licensed to operate.

Not licensed in the UK The vast majority of retail client accounts lose money when trading in CFDs.
IC Markets

CFD/FX Choose IC Markets if you want a CFD and forex broker with several trading platforms, several account base currencies and money that moves in a day and live in a country where it accepts clients.

Not available in the UK 72.52% of retail investor accounts lose money when trading CFDs with this provider.

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