Two brokers clash on cost versus platform breadth. Fusion Markets emphasizes ultra-low commissions and multiple platforms, while MIFX highlights local regulatory credentials and domestic features.
Fusion Markets edges MIFX on editorial score with lower ECN commissions and broader platform support.
Find out which broker best suits your trader profile.
Choose Fusion Markets if…
Choose Fusion Markets if you want zero minimum deposit and a choice of MT4, MT5, or cTrader.
Choose MIFX if…
Choose MIFX if you are an Indonesian resident and prefer a domestically regulated broker with a proprietary platform.
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 1.50 pips for MIFX, reducing trading costs.
| Editorial score | 4.2/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5▲ | 3.7 / 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 | MIFX |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Fail |
The scores are close: Fusion Markets rates 4.2/5 and MIFX rates 3.8/5. 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.
Fusion Markets starts from 0 pips, tighter than MIFX's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Fusion Markets has no minimum deposit, while MIFX requires at least $30. This makes Fusion Markets more accessible for traders with limited starting capital.
Fusion Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. MIFX 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.
Fusion Markets lists maximum leverage of 500:1, while MIFX lists up to 100:1. 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 on commission-based accounts. Commission details for MIFX are not currently available. Check their website for up-to-date pricing.
Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4, while MIFX supports Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. Fusion Markets has exclusive access to cTrader and MetaTrader 5. MIFX has exclusive access to Proprietary Web/Mobile.
Fusion Markets is safer with ASIC licensing and segregated client funds.
Fusion Markets delivers ultra-low ECN commissions and multiple platforms.
Fusion Markets is better suited for scalpers: tighter spreads from 0.00 pips.
Fusion Markets offers MT4, MT5, and cTrader for diverse trading.
Fusion Markets provides 250 instruments vs 65 at MIFX.
Fees & Spreads 30% weight | 4.5 / 5▲ | 3.9 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5 | 3.9 / 5▲ |
|---|
| Founded | 2017 | 2003 |
|---|
| Headquarters | Melbourne, Australia | Jakarta, Indonesia |
|---|
| Min Deposit | No minimum▼ lower | $30 |
|---|
| Spreads From | 0 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $4.5/lot | N/A |
|---|
| 0.45 pips | N/A |
| Max Leverage | 500:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPayPal | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPayPal | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | BAPPEBTI OJK |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | Proprietary Web/Mobile 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
Over 20 years of operation as an Indonesian-licensed broker
Holds both BAPPEBTI and OJK licences, full domestic regulatory compliance
Supports local Indonesian bank transfers for deposits and withdrawals
IDR account denomination avoids currency conversion costs
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Only available to Indonesian residents, no international clients
Limited asset classes compared to international brokers
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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