A head-to-head comparison of Axi and Fusion Markets across regulation, trading costs, platforms, and editorial scoring.
No minimum deposit, strong ASIC regulation, excellent MT4 infrastructure for EA traders, DXtrade for a modern web experience, and competitive Pro account pricing.
One of the lowest-cost ECN brokers globally at $4.50/lot, no minimum deposit, and three platform options - strong value for cost-conscious traders.
Fusion Markets edges ahead with a score of 4.2/5 vs Axi's 4.1/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0 pips.
Axi has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Fusion Markets has a cost edge: lower commission ($4.5/lot).
Fusion Markets offers more exclusive platform options: MetaTrader 5, cTrader.
Fusion Markets edges out Axi with a higher editorial score (4.2/5 vs 4.1/5), indicating a stronger overall experience for new traders.
| Editorial score | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.2 / 5 |
Fees & Spreads 30% weight | 4.2 / 5 | 4.5 / 5▲ |
Platforms & Tools 20% weight | 3.9 / 5 | 3.9 / 5 |
Customer Support 10% weight | 3.9 / 5▲ | 3.8 / 5 |
| Founded | 2007 | 2017 |
| Headquarters | Sydney, Australia | Melbourne, Australia |
| Min deposit | No minimum | No minimum |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $7/lot | $4.5/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC DFSA | ASIC VFSC |
| Platforms | MetaTrader 4 DXtrade | MetaTrader 4 MetaTrader 5 cTrader |
| Active bonuses | ||
| Visit broker | Visit Axi | Visit Fusion Markets |
Pros
No minimum deposit
Strong ASIC, FCA, and DFSA regulation
MT4-focused with excellent EA and algorithmic trading support
No inactivity fee
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
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
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
No MT5 or cTrader support
Pro account commission of $7/lot is above some ECN peers
Research and education tools are more limited than some peers
No proprietary platform
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Axi | 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 | 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 | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
Based on our independent editorial scoring, Fusion Markets ranks higher with a score of 4.2/5 vs 4.1/5 for Axi. The best choice still depends on your individual trading needs; Axi and Fusion Markets may each suit different trader profiles.
Both Axi and Fusion Markets offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Neither Axi nor Fusion Markets requires a minimum deposit, making both accessible regardless of starting capital.
Both Axi and Fusion Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Axi offers maximum leverage of 500:1, while Fusion Markets offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Fusion Markets charges $4.5 per lot, lower than Axi's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Axi supports MetaTrader 4, DXtrade and Fusion Markets offers MetaTrader 4, MetaTrader 5, cTrader; both support MetaTrader 4; Axi exclusively offers DXtrade; Fusion Markets exclusively offers MetaTrader 5, cTrader.
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