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Fusion Markets vs IC Markets: Comparison and Analysis

Written by Filippo Ucchino

Fact-Checked by Luca Puddu Publication Date 28 September 2026 Last Updated 28 September 2026

Our verdict · CFD trading

IC Markets has a clear advantage over Fusion Markets for CFD trading in India, thanks to cTrader and TradingView next to MetaTrader 4 and MetaTrader 5, CFDs on crypto and withdrawals in 1 day against 5 days. Fusion Markets, on the other hand, offers more tradable symbols (247 against 180) and a proprietary trading platform. Fusion Markets holds licences from CySEC, ASIC, the VFSC and the FSA (Seychelles), and IC Markets from CySEC, ASIC, the SCB and the FSA (Seychelles). The two brokers charge close costs to trade EUR/USD, 6.90 USD per lot at Fusion Markets and 7.55 USD at IC Markets, and neither asks for a minimum deposit. Both offer a demo account, and each allows scalping and high-frequency trading strategies, with raw spread, ECN, Islamic and managed accounts.

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Fusion Markets

CFD

75CFD

Open Account

73-89% of retail investor accounts lose money when trading CFDs.

Best overall

IC Markets

CFD

87CFD

Open Account

72.52% of retail investor accounts lose money when trading CFDs with this provider.

Best for

1 / 12

IC Markets is better than Fusion Markets for professional traders and crypto traders. High-volume traders, scalpers and swing traders can choose either IC Markets or Fusion Markets.

Best for
Overall score	Fusion Markets 75 -12	IC Markets 87 Best
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

2 / 12

Fusion Markets and IC Markets are both regulated by top-tier authorities, including CySEC and ASIC (Australia).

Regulation
Section score	Fusion Markets 100	IC Markets 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

3 / 12

Both Fusion Markets and IC Markets offer segregated client funds and two-factor authentication.

Safety
Section score	Fusion Markets 62 -3	IC Markets 65 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i	2017	2007
Parent company i	Gleneagle Securities Pty Ltd	International Capital Markets Pty Ltd
CEO i	Phil Horner	Andrew Budzinski
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i	National Australia Bank	N/A
Brand power
Number of customers worldwide i
Annual revenue i
Monthly website search traffic i	391K monthly visits	2.2M monthly visits

Costs

4 / 12

IC Markets is better than Fusion Markets for costs, as IC Markets has tighter EUR/USD standard spreads, at 0.8 pips (against Fusion Markets' 0.92 pips), has tighter gold CFD spreads, at 0.09 points (against Fusion Markets' 0.86 points), and charges lower Bitcoin CFD fees, at 12.01 USD (against Fusion Markets' 18.97 USD). Neither Fusion Markets nor IC Markets charges account maintenance fees or deposit fees.

Costs
Section score	Fusion Markets 73 -6	IC Markets 79 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i	USD 4.5	USD 7
EUR/USD average standard spread i	0.92 pips	0.8 pips
EUR/USD average raw spread i	0.01 pips	0.01 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i	USD 6.9	USD 7.55
S&P 500 fees (CFD) i	0.31 points	0.492 points
Gold fees (CFD) i	0.86 points	0.09 points
Bitcoin fees (CFD) i	USD 18.97	USD 12.01
US stocks fees (CFD) i	Free	USD 0.02
Fees on stocks
Stock fee type i	Spread	Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i		Free
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

5 / 12

IC Markets is better than Fusion Markets for available markets, because IC Markets offers CFDs on crypto, which Fusion Markets does not. Both Fusion Markets and IC Markets offer CFDs on commodities, forex, indices and stocks.

Available markets
Section score	Fusion Markets 65 -10	IC Markets 75 Best
Total tradable symbols i	247	180
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i	Commodities, Forex, Indices, Stocks	Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

6 / 12

Fusion Markets and IC Markets are equally good for platforms, as Fusion Markets offers a proprietary platform while IC Markets offers cTrader and social trading. Fusion Markets and IC Markets both offer MetaTrader 5 and MetaTrader 4.

Platform
Section score	Fusion Markets 92	IC Markets 89 -3
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

7 / 12

IC Markets is better than Fusion Markets for mobile trading, as IC Markets offers a proprietary mobile app, the cTrader app and a mobile watchlist, which Fusion Markets does not. Both Fusion Markets and IC Markets offer the MetaTrader 5 app and the MetaTrader 4 app.

Mobile
Section score	Fusion Markets 70 -23	IC Markets 93 Best
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

8 / 12

Fusion Markets is better than IC Markets for trading features, because Fusion Markets offers negative balance protection, which IC Markets does not. Fusion Markets and IC Markets both offer trailing stops and tier-1 liquidity providers.

Trading features
Section score	Fusion Markets 87 Best	IC Markets 83 -4
Trade execution
Broker type i	NDD	NDD
Average execution time i		40 ms
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i	500:1	5000:1
Minor/Exotic FX pairs leverage i	500:1	5000:1
Major indices leverage i	100:1	200:1
Minor indices leverage i	100:1	200:1
Gold leverage i	500:1	2000:1
Commodities leverage i	500:1	1000:1
Equities leverage i	20:1	20:1
Cryptocurrency leverage i	10:1	500:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i	0.01 lots	0.01 lots
Minimum trade size (stocks) i	USD 0	USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

9 / 12

IC Markets is better than Fusion Markets for account types, as IC Markets offers a professional traders account, a corporate account and an unlimited demo account, which Fusion Markets does not. Fusion Markets and IC Markets both offer a demo account and a managed account.

Account types
Section score	Fusion Markets 64 -28	IC Markets 92 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

10 / 12

IC Markets is better than Fusion Markets for account opening, as IC Markets offers 10 account base currencies (against Fusion Markets' 8), has no minimum withdrawal (against Fusion Markets' 30 USD), and credits deposits faster, within the same day (against Fusion Markets' 5 days). Neither Fusion Markets nor IC Markets requires a minimum deposit.

Account opening
Section score	Fusion Markets 82 -13	IC Markets 95 Best
Minimum deposit i	USD 0	USD 0
Minimum withdrawal i	USD 30	USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i	PayPal, Neteller, Skrill	PayPal, Neteller, Skrill
Local payment methods i
Account base currencies i	AUD, CAD, EUR, GBP, JPY, SGD, THB, USD	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Deposit waiting time i	up to 5 business days	Instant
Withdrawal waiting time i	up to 5 business days	up to 1 business days
Bonus program i

Customer care

11 / 12

IC Markets is better than Fusion Markets for customer care, because IC Markets offers customer support in 17 languages (against Fusion Markets' 1), has a website in 17 languages (against Fusion Markets' 6), and offers a dedicated account manager, which Fusion Markets does not. Fusion Markets and IC Markets both offer phone support and priority support.

Customer care
Section score	Fusion Markets 59 -28	IC Markets 87 Best
Number of languages supported i	6	17
Website languages i	English, Indonesian, Spanish, Thai, Vietnamese, Chinese	Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese
Website available in English i
Customer support languages i	English	Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

12 / 12

IC Markets is better than Fusion Markets for learning, given that IC Markets offers webinars, professional reports and daily trading ideas, which Fusion Markets does not. Fusion Markets and IC Markets both offer education for advanced traders and education for beginners.

Learning
Section score	Fusion Markets 64 -36	IC Markets 100 Best
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i

Fusion Markets

Open Account 73-89% of retail investor accounts lose money when trading CFDs.

IC Markets

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.

Our verdict

Fusion Markets vs IC Markets: which one should you choose?

Fusion Markets

CFD Choose Fusion Markets, regulated by the same authorities, if you want an online CFD broker with a proprietary trading platform.

Open Account 73-89% of retail investor accounts lose money when trading CFDs.

IC Markets

CFD Choose IC Markets, regulated by CySEC and ASIC, if you want a forex brokerage service with cTrader and TradingView, CFDs on crypto and fast withdrawals.

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.