IC Markets vs Fusion Markets : Features, Safety, and More 2024

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IC Markets and Fusion Markets are Forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. IC Markets is regulated in two tier-1, and one tier-4 jurisdiction, including ASIC, and CySEC, FSA.  On the other hand, Fusion Markets is regulated by one tier-1 jurisdiction, and four Tier-2 jurisdictions including  ASIC, VFSC, and FSA-S. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast IC Markets with Fusion Markets considering their pros, cons, trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. This comparison lets you understand which broker is better for your trading style and preferences

IC Markets vs Fusion Markets: In a Nutshell

IC Markets

Andrew Budzinksi founded IC Markets in 2007 with the aim of using superior technology to provide forex and CFD trading services to both institutional and retail traders. Over the years, the broker has improved in quality and services. It offers true ECN trading with low spreads, high leverage, and fast executions to a global clientele.

ICMarkets Overview
  • Founded In: 2007
  • Minimum Deposit: $200
  • Maximum Leverage: 1:500
  • Regulations: ASIC, CySEC, SCB, and FSA
  • Trading platform: MT4, MT5 and cTrader
  • Account Types: Standard, cTrader raw spread, MetaTrader raw spread , Islamic
  • Payment Options: bank / wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli.
  • US Traders: Not Accept

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.

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

IC Markets vs Fusion Markets: Pros and Cons

IC Markets

Pros
  • Fully Regulated broker, ( One tire-1 , jurisdiction, one tire-2 jurisdiction) 
  • Super fast trade execution speed 
  • Straightforward registration process 
  • Low spread, starting from 0 pips. 
  • Easy and Fast Account Opening 
  • Free deposit and withdrawal 
  • Offers standard and raw spread account
  • Trading EA is Allowed 
  • Ability to trade from a mobile device 
  • A demo Account is available
Cons
  • Higher minimum deposit 
  • No investor protection for non-EU Clients 
  • Limited Product Selection 
  • No weekend Trading 
  • US Traders are not accepted

Fusion Markets

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 

  

IC Markets vs Fusion Markets: Side-by-Side Comparison

IC Markets
Fusion Markets
Product
Founded In
Founded In
2007
2017
Founded By
Founded By
Andrew Budzinksi
Phil Horner
Headquarters
Headquarters
Sydney, Australia
Melbourne, Victoria, Australia
Regulations
Regulations
ASIC, CySEC, FSA, and SCB
ASIC, CySEC, SCB, and FSA
Min Deposit
Min Deposit
$100
None
Max Leverage
Max Leverage
1:500
500:1
Tradable Assets
Tradable Assets
Over 2100 forex, CFDs in stocks, indices, commodities, cryptos, and Bonds.
Forex, Metals, Indices, Energy & Soft ,Commodities, Cryptocurrency ,US Share CFDs
Fees
Fees
Spreads from 0.6 pips, Commissions $7/round lot
Spread from 0.0 pips on Major, commissions $2.25 /round lot.
Platforms and Tools
Platforms and Tools
MT4, MT5, and cTrader
MT4, MT5 and cTrader
US Traders
US Traders
Not Allowed
Not Allowed

IC Markets Vs Fusion Markets: Our Scores and Ratings

We rated both brokers, IC Markets and Fusion 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.

IC Markets :

9.3
IC Markets Scores
Regulation and Security (40%)9.5
Fees and Commissions (20%)9.5
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)9.4

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

Final Verdict :

IC Markets and Fusion Markets are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for IC Markets is $200, whereas the minimum deposit for Fusion Markets is $1. Additionally, the maximum leverage for the IC Market is generally 500:1 (in some countries IC Markets offers 1000:1 leverage). On the other hand, the maximum leverage for Fusion Markets is 500:1. IC Market offers passive investment programs or copy trading programs like MAM, and Zulutrade. Similarly, Fusion Markets also offers passive investment programs like MAM.

Our score for IC Markets is 9.3, and for Fusion Markets, it is 9.2. So, if you are looking for the most trusted forex brokers with tight spread and  MAM account services, you may choose IC Markets. However, If you prefer a forex broker with a lower minimum deposit, and offering a similar trading service to IC Markets, you may choose Fusion 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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