Fusion Markets vs OANDA Forex Broker Comparison
A head-to-head comparison of Fusion Markets and OANDA across regulation, trading costs, platforms, and editorial scoring.
Score 4.2 / 5
2 bonusesOne of the lowest-cost ECN brokers globally at $4.50/lot, no minimum deposit, and three platform options - strong value for cost-conscious traders.
VS
NFA- and FCA-regulated with strong US/UK coverage, transparent historical pricing, and excellent research.
Our Verdict
OANDA winsby 0.4 pts
OANDA edges ahead with a score of 4.6/5 vs Fusion Markets's 4.2/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Fusion Markets offers tighter spreads from 0 pips vs 1 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
OANDA has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Fusion Markets has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
OANDA offers more exclusive platform options: Proprietary Web/Mobile, TradingView, a proprietary platform.
Best for beginners
Recommended
OANDA edges out Fusion Markets with a higher editorial score (4.6/5 vs 4.2/5), indicating a stronger overall experience for new traders.
Fusion Markets vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.8 / 5▲ |
Fees & Spreads 30% weight | 4.5 / 5 | 4.5 / 5 |
Platforms & Tools 20% weight | 3.9 / 5 | 4.6 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 4.3 / 5▲ |
| Founded | 2017 | 1996 |
| Headquarters | Melbourne, Australia | New York, United States |
| Min deposit | No minimum | No minimum |
| Spreads from | 0 pips | 1 pips |
| Commission / lot | $4.5/lot | N/A |
| Max leverage | 500:1 | 50:1 |
| Withdrawal fee | Free | Free for ACH |
| Regulators | ASIC VFSC | FCA CMF ASIC NFA CBI |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile TradingView |
| Active bonuses | ||
| Visit broker | Visit Fusion Markets | Visit OANDA |
Fusion Markets vs OANDA Forex Broker Pros & Cons
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
Pros
Available to US residents (NFA-registered)
Best-in-class research and economic data
No minimum deposit
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
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
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
Spreads slightly wider than ECN-style brokers
No copy trading
No raw spread account option
Inactivity fee applies
Fusion Markets vs OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Fusion Markets
criteria wins
6
OANDA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Fusion Markets | OANDA |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| 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 |
Fusion Markets vs OANDA: Frequently Asked Questions
Based on our independent editorial scoring, OANDA ranks higher with a score of 4.6/5 vs 4.2/5 for Fusion Markets. The best choice still depends on your individual trading needs; Fusion Markets and OANDA may each suit different trader profiles.
Fusion Markets offers tighter spreads starting from 0 pips, compared to OANDA's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Neither Fusion Markets nor OANDA requires a minimum deposit, making both accessible regardless of starting capital.
Both Fusion Markets and OANDA 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.
Fusion Markets offers maximum leverage of 500:1, while OANDA offers up to 50:1. 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 on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Fusion Markets supports MetaTrader 4, MetaTrader 5, cTrader and OANDA offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile, TradingView; both support MetaTrader 4, MetaTrader 5; Fusion Markets exclusively offers cTrader; OANDA exclusively offers Proprietary Web/Mobile, TradingView.
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Score 4.2 / 5
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