Forex traders are constantly looking for a better broker with excellent services to suit their strategies and trading preferences. With over a thousand online forex brokers, making the right choice is becoming an uphill task. Both Fusion Markets and JP Markets offer almost similar trading services. However, there are differences in their regulations, reputations, and operations. Fusion Markets is regulated inone tier-1 jurisdictions, four tier-2 jurisdictions including ASIC, VFSC, and FSA -S. On the other hand, JP Markets is regulated by FSB , FSCA. Each of the brokers has its strengths and weaknesses.
In this review, we will analyze and compare the two brokers. We will also explore fees, features, trading platforms, and the pros and cons of each broker to enable traders to make the right choices.
Fusion Markets
Fusion Markets is an Australian forex and CFD broker founded in 2017. It was established with the vision of providing low-cost services, modern technology, and friendly support. Fees are waived on Visa, MasterCard, and PayPal deposits, and US shares trading incurs a 0 broker fee. The broker is regulated by ASIC, VFSC, and FSA in Seychelles. Fusion Markets allows the trading of forex and CFDs on its cTrader, MT4, and MT5 platforms. Social traders can use DupliTrade, AutoTrade, or Fusion+ platforms. Additional services include free VPS, Market Buzz, analyst views, and more
- Founded In: 2017
- Minimum Deposit: $0
- Maximum Leverage: 500:1
- Regulations: ASIC, CySEC, SCB, and FSA
- Trading platform: MT4, MT5, Ctrader
- Account Types: Zero, Classic, Demo, Swap Free
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Cryptocurrency, Ether/Ethereum, Interac, Jeton, Local Bank Transfers, Neteller, OnlineNaira, Other Crypto Currencies, PayPal, PerfectMoney, SEPA (Single Euro Payments Area), Skrill, ThunderXPay
- US Traders: Not Accept
JP Markets
Founded in 2006, JP Markets is a South Africa-based forex and CFD broker that offers online trading services. The platform provides access to the MetaTrader 4 and Mobile forex trading platforms. JP Markets.co.za offers over 25 forex currency pairs, CFDs, stocks, gold, silver, oil, bitcoin, and other cryptocurrencies for investment and trading options. However, the broker lacks regulation from other top-tier regulatory authorities like ASIC, CySEC, FCA, etc.
JP Markets Overview
- Founded In: 2016
- Minimum Deposit: $1
- Maximum Leverage: 500:1
- Regulations: FSCA
- Trading platform: MT5
- Account Types: Standard, Premium, VIP, Islamic
- Payment Options: VISA, MasterCard, iPay, Local Bank Transfers, M-Pesa, PayFast, Skrill, SnapScan
- US Traders: Not Accept
Fusion Markets vs JP Markets: Side By Side Comparison
Fusion Markets vs: JP Markets Features
Fusion Markets
- Trading Instruments: 250+Trading instruments Forex Metals Indices Energy & Soft Commodities Cryptocurrency US Share CFDs
- Maximum leverage: The maximum leverage of fusion markets is as high as 500:1. Leverage may vary based on jurisdiction and tradable assets.
- Minimum Deposit: No Minimum Deposit required. You may deposit as low as possible.
- Account Types: Two ( Zero Account, Classic Account)
- Trading Fees: Spread starting from 0.9 pips for Classic Account or Commission $2.25 per lot per side for Zero Account.
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
JP Markets
- Trading Instruments: A variety of trading instruments including, forex, 25 forex currency pairs, CFDs, stocks, gold, silver, oil, bitcoin, and other cryptocurrencies
- Maximum Leverage: The maximum leverage of JP Markets is 3000:1. However, leverage may vary based on account type, tradable assets, or jurisdiction.
- Minimum Deposit: The minimum deposit of JP Markets is R100
- Account Types: Five Account Types ( Premium, VIP, Islamic, Zero Stop Out, ZPM Bonus 300)
- Trading Fees: spreads starting from 0.5 pips for VIP Account, 1 Pip for Premium Account, 1.5 pips for Islamic Account, 3 pips for Zero Stop Out Account, and 2 Pips for JPM Bonus Account.
- PAMM/ MAM: Not available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Fusion Markets vs JP Markets: Pros and Cons
Fusion Markets Pros & Cons
- Regulated by ASIC, VFSC, FSA
- The maximum leverage is as high as 1:500
- The minimum deposit is as low as $1
- Allows scalping, News trading, EA/Robot trading
- Offers passive investment programme ( MAM, Copy Trading)
- No Deposit withdrawal fees, and inactivity fees
- Fast and Easy Account Opening
- Negative balance protection for users under ASIC regulations
- Paypal and crypto deposits are available
- Not regulated by FCA, CySEC
- No investor protection for non-EU clients
- Limited availability of localized customer support
- Only CFDs are offered. No possibility of trading real stocks, or assets
- Limited product selections
JP Markets Pros & Cons
- Regulated by FSB, South Africa.
- The maximum leverage is as high as 2000:1.
- The minimum deposit is as low as $1.
- Offers MT5 Trading platforms.
- 5000+ Trading Instruments including Forex, Stocks, Indices, Commodities, and Cryptos.
- Same Day Deposits and Withdrawals.
- Offers Bonus based on account Types.
- Demo accounts are available.
- Free courses and webinars are available.
- Not regulated by top-tier regulatory authorities such as FCA, ASIC, CySEC, etc.
- Lack of Transparency
- Mainly aimed at South African clients
- Scalping, hedging, and automated trading are not permitted
- Limited choice of trading platforms (Only Metatrader)
- Spreads are sometimes wide
- Requires the monitoring of functionality
Fusion Markets Vs JP Markets: Our Scores and Ratings
We rated both brokers, Fusion Markets and JP Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Fusion Markets:
JP Markets
Final Verdict :
Fusion Markets and JP Markets are forex and CFD brokers. They offer similar trading services. Both brokers allow scalping, EA trading, Copy Trading, hedging, etc. The minimum lot size for both brokers is as low as 0.01.
However, there are differences in some areas. For example, the minimum deposit for Fusion Markets is $1, whereas the minimum deposit for JP Markets is $1. Additionally, the maximum leverage for the Fusion Markets is 500:1. In contrast, the maximum leverage for JP Markets is 2000:1.
Our score for Fusion Markets is 9.2, and for JP Markets, it is 6.2 So, if you are looking for the most trusted forex brokers with low spreads, you may choose Fusion Markets. However, If you prefer a lower minimum deposit forex broker that offers similar services, you may choose JP Markets.
