Two brokers clash over regulation, cost, and platforms. Alpari International vs Fusion Markets contrasts an offshore licence with modern, regulator-backed pricing and execution options.
Fusion Markets edges Alpari International on editorial score due to stronger regulation and lower ECN costs. It also benefits from no minimum deposit and negative balance protection.
Find out which broker best suits your trader profile.
Choose Alpari International if…
Choose Alpari International if you want MT4/MT5 with ECN accounts and a $6/lot commission. It also offers multilingual support and 24/5 live chat, though it operates under FSC Mauritius.
Choose Fusion Markets if…
Choose Fusion Markets if you want ASIC regulation, negative balance protection, and lower ECN commissions. It also offers MT4/MT5 and cTrader with no minimum deposit.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 3.9/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.2 / 5▲ |
Pros
26-year brand history in retail forex
Mature PAMM investor platform, one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Alpari International | Fusion Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
The scores are close: Alpari International rates 3.9/5 and Fusion Markets rates 4.2/5. Fusion Markets 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.
Both Alpari International and Fusion Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Fusion Markets has no minimum deposit, while Alpari International requires at least $5. This makes Fusion Markets more accessible for traders with limited starting capital.
Fusion Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Alpari International may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
Fusion Markets stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Alpari International lists maximum leverage of 1000:1, 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 Alpari International's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
Alpari International 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.
Fusion Markets wins for safety and regulation thanks to ASIC oversight and segregated client funds.
Fusion Markets wins for active traders due to ultra-low ECN commissions and multiple platforms.
Fusion Markets is better suited for scalpers: lower commission ($4.5/lot).
Fusion Markets wins for platform choice with MT4/MT5 and cTrader.
Fusion Markets is best for beginners due to no minimum deposit and simple onboarding.
Equally matched; both offer 250 instruments.
Fees & Spreads 30% weight | 4.1 / 5 | 4.5 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 3.9 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5 | 3.8 / 5 |
|---|
| Founded | 1998 | 2017 |
|---|
| Headquarters | Port Louis, Mauritius | Melbourne, Australia |
|---|
| Min Deposit | $5 | No minimum▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $4.5/lot▼ lower |
|---|
| 0.6 pips | 0.45 pips▼ lower |
| Max Leverage | 1,000:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardSkrillNetellerPayPal |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSC FSCA | ASIC VFSC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
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
FSC Mauritius licence, lower investor protection than FCA/ASIC/CySEC
Legacy of UK entity collapse in 2015 is a cautionary reference point
No top-tier regulatory licence for its core international client base
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
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 3.9 / 5
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