The cheapest ECN commission we've tested

Fusion Markets' ZERO account charges USD 4.50 per lot round-turn, USD 2.25 each way. On EUR/USD, the all-in cost is approximately 0.05-0.15 pips, depending on the liquidity pool spread at the time of execution. That is materially cheaper than IC Markets (USD 6), FP Markets (USD 6), or Pepperstone (USD 7). For a scalper doing 100+ lots per month, that difference becomes material in annual terms.

ASIC-regulation (385620) and the Melbourne-based team add a layer of credibility to what is otherwise a no-frills proposition. Fusion Markets was founded in 2017, making it one of the newer ASIC-regulated options in the field.

ETF CFDs

Fusion Markets offers ETF CFDs alongside its core forex and commodities range. For cost-conscious traders who want to diversify beyond currency pairs, being able to trade ETF CFDs at the same USD 4.50/lot ZERO account rate is a meaningful addition, with no premium to access ETF exposure.

Where it falls short

Fusion Markets is explicit about what it doesn't offer: no bonuses, no promotions, no market research, and limited educational content. The platform infrastructure is MT4, MT5, and cTrader, unmodified and straightforward. If you want analysis tools, Trading Central integration, or a strong support team for new traders, Fusion Markets is not the right choice.

Classic account option

For traders who prefer spread-only pricing, the Classic account charges zero commission with spreads from 0.9 pips on EUR/USD, above the ECN average but commission-free. The ZERO account is economically superior for anyone trading more than a few lots per week.

ASIC and VFSC: Tier 1 for AU, offshore for international

ASIC (385620) and VFSC (Vanuatu). ASIC covers Australian-resident clients with Tier 1 protection; the VFSC entity serves international clients with lower investor protection standards.

Bottom line

Fusion Markets is the right choice for cost-conscious active traders who want the lowest possible ECN commission ($4.50/lot round-turn) under ASIC regulation across forex, ETF CFDs, and other instruments, and are comfortable operating without research, education, or premium support infrastructure.