Two multi-regulated brokers compete for traders seeking cost efficiency and platform choice. The tension centers on fee structures, platform availability, and product breadth.
Admirals and Fusion Markets are closely matched overall in trust, regulation, and costs. Admirals offers far broader instrument coverage (8000 vs 250), which serves as the clearest differentiator.
Find out which broker best suits your trader profile.
Choose Admirals if…
Choose Admirals if you want 8000 instruments and reliable 24/5 live chat plus phone support.
Choose Fusion Markets if…
Choose Fusion Markets if you want ultra-low commissions and MT4/MT5 or cTrader with no minimum deposit.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Fusion Markets offers tighter spreads from 0.00 pips vs 0.50 pips for Admirals, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Pros
Extensive range of accounts including Zero, Trade, and Invest
Strong FCA and CySEC regulation covering EU and UK traders
High-quality educational content including live webinars
Zero account offers spreads from 0.5 pips with $6 round-turn commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Admirals | Fusion Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
The scores are close: Admirals rates 4.3/5 and Fusion Markets rates 4.2/5. Admirals has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Fusion Markets starts from 0 pips, tighter than Admirals's 0.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Fusion Markets has no minimum deposit, while Admirals requires at least $100. This makes Fusion Markets more accessible for traders with limited starting capital.
Both Admirals and Fusion Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Fusion Markets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Admirals lists maximum leverage of 500:1, while Fusion Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Fusion Markets charges $4.5 per lot, lower than Admirals's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
Admirals supports MetaTrader 5, MetaTrader 4, while Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. Fusion Markets has exclusive access to cTrader.
Admirals leads for safety with multiple top-tier regulators and investor protection coverage.
Fusion Markets edges active traders with lower commissions and multiple platforms, including cTrader.
Fusion Markets is better suited for scalpers: lower commission ($4.5/lot), tighter spreads from 0.00 pips.
Fusion Markets offers MT4, MT5 and cTrader for versatile trading.
Admirals provides extensive educational content and webinars for new traders.
Admirals delivers the broadest instrument universe with 8000 items.
Fees & Spreads 30% weight | 4.4 / 5 | 4.5 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.9 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 3.8 / 5 |
|---|
| Founded | 2001 | 2017 |
|---|
| Headquarters | Tallinn, Estonia | Melbourne, Australia |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0.5 pips | 0 pips▼ lower |
|---|
| Commission / lot | $6/lot | $4.5/lot▼ lower |
|---|
| 1.1 pips | 0.45 pips▼ lower |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | $10/month (after 24 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNetellerPayPal |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA ASIC CySEC KNF | ASIC VFSC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Among the lowest ECN commissions globally at $4.50/lot round-turn
No minimum deposit and no inactivity fee
Supports MT4, MT5, and cTrader
ASIC regulated with strong Australian broker infrastructure
ETF CFDs available at the same ultra-low commission rate
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
Cons
Platform-heavy, MT4 and MT5 only, no proprietary platform
Customer support quality varies by region
Not available to US clients
Inactivity fee applies
Cons
Smaller, newer broker (est. 2017) with limited global brand recognition
Limited research and educational content
VFSC license used for non-AU clients offers fewer protections
No investor compensation scheme
No proprietary platform
Limited charting capabilities
No 24/5 live chat
No phone support
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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