Fusion Markets vs RCG Markets | Fees, Features, Safety & More 2024

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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 RCG Markets offer almost similar trading services. However, there are differences in their regulations, reputations, and operations. Fusion Markets  is regulated in one tier-1 jurisdictions, four tier-2 jurisdictions including  ASIC, VFSC, and FSA -S. On the other hand, RCG Markets is regulated by CIMA and 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

Phil Horner founded Fusion Markets in 2017 in Melbourne, Australia with the vision of providing low cost, modern technology and friendly support. The broker allows the trading of forex and CFDs on its cTrader, MT4 and MT5 platforms. Social traders can use DupliTrade, AutoTrade or Fusion+ platforms. Free VPS, Market buzz, analyst views, etc are provided.

Risk warning: 74-89% of retail traders lose money

Fusion Markets Overview
  • 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

RCG Markets

Established in 2018, RCG MARKETS offers direct market access for CFDs and FX trading. While licensed by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769), it lacks regulation from other major regulatory bodies. The broker provides access to the MT4 platform with competitive spreads and commissions.

RCG Markets Overview
  • Founded In: 2018
  • Minimum Deposit: R100
  • Maximum Leverage: 1:3000
  • Regulations:SEC, FINRA, and FCA
  • Trading platform: MT4, MT5
  • Account Types: Classic, Raw, ECN, Royal100
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, BitPay, bitwallet, ecoPayz, ePayments, FasaPay, Help2Pay, Neteller, Payfinder, Skrill, SticPay, TransfterMate, TroniPay, UnionPay, Uphold
  • US Traders: Not Accept

Fusion Markets vs RCG Markets: Side By Side Comparison

Fusion Markets
RCG Markets
Product
Founded In
Founded In
2017
2018
Founded By
Founded By
Phil Horner
Not Found
Headquarters
Headquarters
Melbourne, Victoria, Australia
Gauteng, South Africa
Regulations
Regulations
ASIC, CySEC, SCB, and FSA
SEC, FINRA, and FCA
Min Deposit
Min Deposit
None
R50
Max Leverage
Max Leverage
500:1
1:3000
Tradable Assets
Tradable Assets
Forex, Metals, Indices, Energy & Soft ,Commodities, Cryptocurrency ,US Share CFDs
Forex ,Indices, Share,Commodities and Energies
Fees
Fees
Spread from 0.0 pips on Major, commissions $2.25 /round lot.
Spread from 1.5 pips, commissions $7/round lot
Platforms and Tools
Platforms and Tools
MT4, MT5 and cTrader
MT4,MT5
US Traders
US Traders
Not Allowed
Not Allowed

BlackBull Markets vs RCG Markets: Pros and Cons

Fusion Markets Pros & Cons

Pros
  • 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 
Cons
  •   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 

  

RCG Markets Pros & Cons

Fusion Markets Vs RCG Markets: Our Scores and Ratings

We rated both brokers, Fusion Markets and RCG 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:

9.2
Fusion Markets Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)9.3
Trading (15%)9.2
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)8

RCG Markets

7
RCG Markets Scores
Regulation and Security (40%)5
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)8
Trading Education (5%)7

Final Verdict :

Fusion Markets  and RCG 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 RCG Markets is $100. Additionally, the maximum leverage for the Fusion Markets  is 500:1. In contrast, the maximum leverage for RCG Markets is 400:1. 

Our score for Fusion Markets  is 9.2, and for RCG Markets, it is 7.0 So, if you are looking for the most trusted forex brokers with low spreads, you may choose Fusion Markets . However, if you prefer a forex broker that offers similar services, you may choose RCG Markets.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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