This comparison pits Fusion Markets and Pepperstone on regulation, cost, and platform breadth. The tension centers on fees and platform choices without naming a winner.
Pepperstone leads on editorial score, with 4.7/5 versus Fusion Markets at 4.2/5.
Find out which broker best suits your trader profile.
Choose Fusion Markets if…
Fusion Markets if you prioritise ultra-low ECN commissions ($4.50/lot) and no minimum deposit. You also access MT4, MT5 and cTrader under ASIC regulation with a VFSC license for non-AU clients. Pepperstone if you value strong multi-jurisdiction regulation including FCA, ASIC and CySEC. You also get 24/5 live chat, phone support, and access to TradingView plus MT4/MT5 and cTrader.
Choose if…
Fusion Markets if you prioritise ultra-low ECN commissions ($4.50/lot) and no minimum deposit. You also access MT4, MT5 and cTrader under ASIC regulation with a VFSC license for non-AU clients. Pepperstone if you value strong multi-jurisdiction regulation including FCA, ASIC and CySEC. You also get 24/5 live chat, phone support, and access to TradingView plus MT4/MT5 and cTrader.
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 | 4.8 / 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 | Pepperstone |
|---|---|---|
| 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 |
Pepperstone rates 4.7/5 versus 4.2/5 for Fusion Markets. Pepperstone edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both Fusion Markets and Pepperstone start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Neither Fusion Markets nor Pepperstone requires a minimum deposit, making both accessible regardless of starting capital.
Both Fusion Markets and Pepperstone 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.
Fusion Markets lists maximum leverage of 500:1, while Pepperstone 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 Pepperstone's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4, while Pepperstone supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. Pepperstone has exclusive access to IRESS and TradingView.
Pepperstone wins for safety & regulation due to multiple major regulators (FCA, ASIC, CySEC, BaFin, DFSA, FMA).
Pepperstone wins for active traders thanks to wider platform options and broader instrument universe.
Fusion Markets is better suited for scalpers: lower commission ($4.5/lot).
Pepperstone wins for platform choice because it offers TradingView and IRESS in addition to MT4/MT5 and cTrader.
Pepperstone wins for beginners because of 24/5 live chat and phone support.
Pepperstone wins for instrument variety with 1200 instruments versus Fusion's 250.
Fees & Spreads 30% weight | 4.5 / 5 | 4.8 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.6 / 5▲ |
|---|
Customer Support 10% weight | 3.8 / 5 | 4.6 / 5▲ |
|---|
| Founded | 2017 | 2010 |
|---|
| Headquarters | Melbourne, Australia | Melbourne, Australia |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| 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 cardPayPalSkrill |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPayPal | Bank transferCredit cardPayPalSkrill |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | FCA ASIC DFSA FMA BaFin CySEC |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | cTrader IRESS 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
FCA, ASIC, BaFin, CySEC, DFSA licensed
Razor account: tight spreads + transparent commission
TradingView + MT4 / MT5 / cTrader
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
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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