Both brokers compete on cost structures and platform ecosystems, yet they diverge sharply on regulation depth and instrument variety. This comparison weighs regulatory protection against cost flexibility.
Saxo Bank wins on editorial score due to broader regulation, investor compensation, and a proprietary platform; Fusion Markets remains strong on low costs and MT4/MT5 access.
Find out which broker best suits your trader profile.
Choose Fusion Markets if…
Choose Fusion Markets if you want MT4/MT5 access, no inactivity fee, and raw spreads.
Choose Saxo Bank if…
Choose Saxo Bank if you value a proprietary platform, phone support, and a vast instrument universe.
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 0.60 pips for Saxo Bank, reducing trading costs.
| Editorial score | 4.2/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.9 / 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 | Saxo Bank |
|---|---|---|
| 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 | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Fail | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Pass |
Saxo Bank rates 4.7/5 versus 4.2/5 for Fusion Markets. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Fusion Markets starts from 0 pips, tighter than Saxo Bank's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither Fusion Markets nor Saxo Bank requires a minimum deposit, making both accessible regardless of starting capital.
Both Fusion Markets and Saxo Bank 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 Saxo Bank lists up to 30:1. 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 Saxo Bank are not currently available. Check their website for up-to-date pricing.
Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Fusion Markets has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
Saxo Bank wins for safety and regulation with a broad, multi-regulator footprint and segregated funds.
Saxo Bank wins for active traders with tiered pricing and wide asset coverage.
Fusion Markets is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
Saxo Bank wins for platform choice with a proprietary platform and advanced charting.
Fusion Markets wins for beginners with zero minimum deposit and easy MT4/MT5 access.
Saxo Bank wins for instrument variety with access to around 71k instruments.
Fees & Spreads 30% weight | 4.5 / 5▲ | 4.4 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.8 / 5▲ |
|---|
Customer Support 10% weight | 3.8 / 5 | 4.6 / 5▲ |
|---|
| Founded | 2017 | 1992 |
|---|
| Headquarters | Melbourne, Australia | Copenhagen, Denmark |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $4.5/lot | N/A |
|---|
| 0.45 pips | N/A |
| Max Leverage | 500:1▲ higher | 30:1 |
|---|
| Inactivity Fee | None | $100/quarter (low-balance accounts) |
|---|
| 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 | FCA ASIC JFSA MAS DFSA FINMA Finanstilsynet ACPR CNMV Finanstilsynet MFSA SFC Finansinspektionen CBI KNF CMA FSC |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | SaxoTraderGO Proprietary Web/Mobile |
|---|
| 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
Licensed bank (Denmark)
Best-in-class multi-asset platform
Tiered active-trader pricing
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
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
Higher minimums on classic accounts than ECN brokers
No MT4 / MT5
No raw spread account option
Inactivity fee applies
No MetaTrader support
No 24/5 live chat
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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