In this head-to-head, BlackBull Markets and Fusion Markets face off on cost, platforms, and regulation. The axis of tension pits instrument breadth against ultra-low commissions.
BlackBull Markets and Fusion Markets are closely matched overall. The clearest differentiator is instrument coverage, with BlackBull offering 26,000 vs Fusion's 250.
Find out which broker best suits your trader profile.
Choose BlackBull Markets if…
Choose BlackBull Markets if you value 24/5 live chat, phone support, and advanced charting. You access a broad 26,000-instrument universe.
Choose Fusion Markets if…
Choose Fusion Markets if you want ultra-low ECN commissions and MT4, MT5, and cTrader access.
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 | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.2 / 5▲ |
Pros
Supports all three major platforms: MT4, MT5, and cTrader
Regulated under FSC, well-established for offshore clients
No minimum deposit on standard account
Good for Asia-Pacific timezone traders
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | BlackBull Markets | 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) | 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 | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
The scores are close: BlackBull Markets rates 4.1/5 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 BlackBull Markets and Fusion Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Neither BlackBull Markets nor Fusion Markets requires a minimum deposit, making both accessible regardless of starting capital.
Both BlackBull Markets 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
BlackBull Markets 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 BlackBull Markets's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports cTrader, MetaTrader 5, TradingView, DXtrade, MetaTrader 4, while Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. BlackBull Markets has exclusive access to TradingView and DXtrade.
Fusion Markets, due to ASIC regulation and segregated funds.
Fusion Markets wins for active traders with ultra-low commissions and three platforms.
Fusion Markets is better suited for scalpers: lower commission ($4.5/lot).
BlackBull Markets wins for platform choice with five platforms.
BlackBull Markets wins for beginners due to 24/5 live chat and multilingual help.
BlackBull Markets wins for instrument variety with 26,000 instruments.
Fees & Spreads 30% weight | 4.3 / 5 | 4.5 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.0 / 5▲ | 3.9 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5 | 3.8 / 5 |
|---|
| Founded | 2014 | 2017 |
|---|
| Headquarters | Auckland, New Zealand | Melbourne, Australia |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $4.5/lot▼ lower |
|---|
| 0.6 pips | 0.45 pips▼ lower |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | 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 | FSC FMA | ASIC VFSC |
|---|
| Platforms | cTrader MetaTrader 5 TradingView DXtrade MetaTrader 4 | cTrader MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
No inactivity fee
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
ECN commission of $6/lot round-turn is above some peers
Customer support timezone is NZ-centric
Brand recognition outside APAC is limited
No investor compensation scheme
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
Dig deeper into each broker’s features, fees, and regulation.
Score 4.1 / 5
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