A head-to-head comparison of Fusion Markets and Windsor Brokers across regulation, trading costs, platforms, and editorial scoring.
One of the lowest-cost ECN brokers globally at $4.50/lot, no minimum deposit, and three platform options - strong value for cost-conscious traders.
One of the longest-operating CySEC-regulated brokers, offering standard and ECN accounts on MT4 and MT5 - a solid EU retail offering backed by a track record few Cyprus-based competitors can match.
Fusion Markets edges ahead with a score of 4.2/5 vs Windsor Brokers's 4/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0 pips.
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Fusion Markets has a cost edge: lower commission ($4.5/lot).
Fusion Markets offers more exclusive platform options: cTrader.
Fusion Markets edges out Windsor Brokers with a higher editorial score (4.2/5 vs 4/5), indicating a stronger overall experience for new traders.
| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.2 / 5 |
Fees & Spreads 30% weight | 4.5 / 5▲ | 4.0 / 5 |
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.8 / 5 |
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
| Founded | 2017 | 1988 |
| Headquarters | Melbourne, Australia | Nicosia, Cyprus |
| Min deposit | No minimum | $100 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $4.5/lot | $8/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC VFSC | FSCA CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Fusion Markets | Visit Windsor Brokers |
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
35+ years of continuous operation - one of the longest track records in retail forex
CySEC regulated with EU investor protections
ECN Zero account from 0.0 pips + $8 commission
Islamic swap-free accounts available
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
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
Platform limited to MT4 and MT5 - no cTrader or proprietary option
$100 minimum deposit on standard accounts
ECN commission slightly above IC Markets and Pepperstone
No top-tier regulatory licence
Limited charting capabilities
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Fusion Markets | Windsor Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| 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 | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Pass |
Based on our independent editorial scoring, Fusion Markets ranks higher with a score of 4.2/5 vs 4/5 for Windsor Brokers. The best choice still depends on your individual trading needs; Fusion Markets and Windsor Brokers may each suit different trader profiles.
Both Fusion Markets and Windsor Brokers offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Fusion Markets has a lower minimum deposit of no minimum required, while Windsor Brokers requires at least $100. This makes Fusion Markets more accessible for traders with limited starting capital.
Fusion Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Windsor Brokers may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: Fusion Markets has a lower minimum deposit (no minimum), lowering the barrier to entry; 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 Windsor Brokers offers up to 500:1. 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, lower than Windsor Brokers's $8 per lot. Lower commissions benefit active traders who execute many trades per day.
Fusion Markets supports MetaTrader 4, MetaTrader 5, cTrader and Windsor Brokers offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5; Fusion Markets exclusively offers cTrader.
Open an account directly with the broker that suits you best.
Score 4 / 5
Personalised recommendation
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker