Two brokers clash on price, platform variety, and regulatory protection. One blends ultra-low costs with multiple platforms; the other emphasizes local compliance and a tailored MT5 experience.
Fusion Markets leads the comparison with a higher editorial score, supported by lower costs and a broader platform offering than TPFx.
Find out which broker best suits your trader profile.
Choose Fusion Markets if…
Choose Fusion Markets if you want ASIC regulation, zero minimum deposit, and ECN pricing.
Choose TPFx if…
Choose TPFx if you want Indonesian regulation, MT5 with a proprietary platform, and 24/5 live chat plus phone support.
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 TPFx, reducing trading costs.
| Editorial score | 4.2/ 5 | 3.7/ 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 | TPFx |
|---|---|---|
| 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 |
Fusion Markets rates 4.2/5 versus 3.7/5 for TPFx. Fusion Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Fusion Markets starts from 0 pips, tighter than TPFx'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 TPFx requires at least $60. This makes Fusion Markets more accessible for traders with limited starting capital.
Fusion Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. TPFx 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 TPFx 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 TPFx are not currently available. Check their website for up-to-date pricing.
Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. Fusion Markets has exclusive access to cTrader and MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
Fusion Markets wins for safety & regulation with ASIC licensing and segregated funds plus negative balance protection.
Fusion Markets wins for active traders due to more instruments and lower-cost ECN pricing.
Fusion Markets is better suited for scalpers: tighter spreads from 0.00 pips.
Fusion Markets wins for platform choice with MT4, MT5 and cTrader.
Fusion Markets wins for beginners with zero minimum deposit.
Fusion Markets wins for instrument variety with 250 available instruments.
Fees & Spreads 30% weight | 4.5 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2017 | 2010 |
|---|
| Headquarters | Melbourne, Australia | Jakarta, Indonesia |
|---|
| Min Deposit | No minimum▼ lower | $60 |
|---|
| 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 | MetaTrader 5 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
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app 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
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
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 3.7 / 5
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