This matchup tests cost, platform reach, and regulation across Fusion Markets and IC Markets. The outcome hinges on which strengths matter most to you.
IC Markets is the overall winner by editorial score, as its 4.7 beats Fusion Markets' 4.2 reflecting stronger fees/spreads, platforms, and regulation.
Find out which broker best suits your trader profile.
Choose Fusion Markets if…
Choose Fusion Markets if you want no minimum deposit and low ECN commissions.
Choose IC Markets if…
Choose IC Markets if you value 24/5 live chat, phone support, advanced charting, and broad instrument 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 | 4.2/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.6 / 5▲ |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Fusion Markets | IC 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 | Pass |
| 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 | Pass |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Pass |
IC Markets rates 4.7/5 versus 4.2/5 for Fusion Markets. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both Fusion Markets and IC 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 IC Markets requires at least $200. This makes Fusion Markets more accessible for traders with limited starting capital.
Both Fusion Markets and IC 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.
Fusion Markets lists maximum leverage of 500:1, while IC 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 IC Markets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. IC Markets has exclusive access to TradingView.
IC Markets wins with multiple regulators (ASIC, CySEC, FSCA) and segregated funds.
IC Markets suits active traders with true ECN pricing and deep liquidity.
Fusion Markets is better suited for scalpers: lower commission ($4.5/lot).
IC Markets offers MT4, MT5, cTrader and TradingView, giving broader platform choice.
Fusion Markets is better for beginners due to a $0 minimum deposit.
IC Markets wins for instrument variety with about 2,200 tradable instruments.
Fees & Spreads 30% weight | 4.5 / 5 | 5.0 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.6 / 5▲ |
|---|
Customer Support 10% weight | 3.8 / 5 | 4.5 / 5▲ |
|---|
| Founded | 2017 | 2007 |
|---|
| Headquarters | Melbourne, Australia | Sydney, Australia |
|---|
| Min Deposit | No minimum▼ lower | $200 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $4.5/lot▼ lower | $7/lot |
|---|
| 0.45 pips▼ lower | 0.7 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPayPal | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPayPal | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | ASIC FSCA CySEC |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 TradingView MetaTrader 4 |
|---|
| Active bonuses |
|---|
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
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
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
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
Cons
Not available to US residents
Higher minimum deposit than IG/OANDA
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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