Two brokers compete for cost efficiency and reliability. The clash centers on platform ecosystems and investor protection, with each leaning in different directions.
Find out which broker best suits your trader profile.
Choose if…
Choose Fusion Markets if you want MT4/MT5 support, strong negative balance protection, and ultra-low ECN commissions.
Choose if…
Choose tastytrade if you prefer a proprietary options-focused platform with phone support and investor compensation coverage.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.2/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.5 / 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 | tastytrade |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| 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 | Fail |
The scores are close: Fusion Markets rates 4.2/5 and tastytrade rates 4.3/5. tastytrade 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. Current spread data is not available for tastytrade. Check both brokers' websites for up-to-date pricing.
Neither Fusion Markets nor tastytrade requires a minimum deposit, making both accessible regardless of starting capital.
Both Fusion Markets and tastytrade 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, Fusion Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each broker's site before deciding.
Fusion Markets lists maximum leverage of 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
tastytrade charges $1 per lot, lower than Fusion Markets's $4.5 per lot. Lower commissions benefit active traders who execute many trades per day.
Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4, while tastytrade supports Proprietary Web/Mobile. Fusion Markets has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. tastytrade has exclusive access to Proprietary Web/Mobile.
Fusion Markets offers spreads from 0.00 pips.
tastytrade wins for active traders with its options-focused platform and multi-leg tools.
Fusion Markets is better suited for scalpers: raw/ECN spreads available.
Fusion Markets leads platform choice with MT4/MT5 and cTrader availability.
Fusion Markets suits beginners with no minimum deposit and negative balance protection.
tastytrade provides about 10,000 instruments, far more than Fusion Markets.
Fees & Spreads 30% weight | 4.5 / 5 | 4.8 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.7 / 5▲ |
|---|
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
|---|
| Founded | 2017 | 2017 |
|---|
| Headquarters | Melbourne, Australia | Chicago, Illinois, United States |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| Spreads From | 0 pips | N/A |
|---|
| Commission / lot | $4.5/lot | $1/lot▼ lower |
|---|
| 0.45 pips | N/A |
| Max Leverage | 500:1 | N/A |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPayPal | Bank transferWire transferACH |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPayPal | Bank transferWire transferACH |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | CFTC NFA |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | 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
Options commissions capped at $10/leg, major cost advantage for traders who size up
$0 to open options trades; $1/contract to close
Platform built natively for options: IVR, Greeks, curve tool, and multi-leg management all first-class
Futures and futures options on the same account as equity derivatives
No PFOF on options, exchange-routed for best execution
Part of IG Group (LSE-listed), institutional governance and financial stability
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
No inactivity fee
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
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
US-only, no international accounts
Options-first interface has a steep learning curve for equity-focused traders
No live chat support, phone and email only
Minimal fundamental research tools; no stock screener or analyst reports
Mobile app less appropriate for entering complex multi-leg strategies than the desktop platform
No negative balance protection
No raw spread account option
No MetaTrader support
Support available in limited languages
Fusion Markets and tastytrade are closely matched, with platform type the clearest differentiator.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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