Selecting the right forex broker is crucial for your trading success. Both IC Markets and Fusion Markets offer distinct advantages, making it essential to compare fees, platforms, and features carefully. This comparison will help you decide which platform best suits your needs by analyzing their offerings. We will equip you with the knowledge to choose the broker that perfectly aligns with your trading strategy.
Fusion Markets overview
Fusion Markets Broker was established in 2017. Fusion is a well-regulated broker offering a variety of asset classes, multiple account types, trading platforms, and more. While it is suitable for a range of traders, Fusion Markets may be particularly attractive to high-volume traders seeking competitive pricing and a diverse range of assets.
IC Markets overview
Established in 2007. IC Markets is a well-established forex broker known for its strong regulatory framework, diverse account options, and reliable customer support. It has gained a reputation for providing a secure and user-friendly trading environment for both novice and experienced traders. It is known particularly for its fast execution speeds and superior liquidity.
Key features of Fusion Markets and IC Markets
The key features of Fusion Markets vs IC Markets are detailed below.
- Regulations
- Security measures
- Asset class
- Account types
- Deposit and withdrawal methods
- Trading platform
- Fees and commission
- Research and education
- Customer service
Regulations
Fusion Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority of Seychelles (FSA).
IC Markets is regulated by the Financial Services Authority (FSA) in Seychelles, the Australian Securities and Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
Security measures
Fusion Markets employs SSL encryption for secure data transmission, offers two-factor authentication for enhanced account security, and maintains segregated client funds.
IC Markets prioritizes client security by holding funds in segregated accounts with top-tier banks, adhering to strict AML/CTF regulations, and providing up to US$1,000,000 in insurance per client, enhancing trading confidence.
Asset class
Fusion Markets offers a diverse range of trading instruments, including Forex, Metals over 12+ Precious metals, Indices, Energy, Soft commodities, Cryptocurrencies, and US Share CFDs.
IC Markets offers a diverse range of over 2250 tradable instruments, CFDs trading which includes Forex CFDs, Indices CFDs, Commodities CFDs, Bond CFDs, Digital Currencies, Stocks CFDs, and Futures CFDs.
Account types
Fusion Markets broker reviews often highlight their diverse account offerings, including zero accounts, classic accounts, Islamic accounts, demo accounts, and swap-free accounts, catering to various trading styles and preferences.
Broker IC Markets reviews offer three primary account types. They are standard, raw spread, and cTrader. Each offers unique features to cater to various trading styles. Additionally, they provide demo accounts and swap-free options for specific account types.
Deposit and withdrawal methods
Fusion Markets allows you to start trading with no minimum deposit. You can fund your account using a variety of methods, including bank cards – Visa, Mastercard, Debit Card, Credit Card, Cryptocurrencies, and other methods like Wire Transfer, Transferwise, AstroPay, FasaPay, Stic Pay, Dragon Pay, and PayID.
IC Markets offers a wide range of funding options, including credit and debit cards, PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker transfers, POLI, Thai Internet Banking, Rapid Pay, Klarna, and Vietnamese Internet Banking, providing flexibility for traders to choose the most convenient method. IC Markets Global does not accept payment from third parties.
Trading platform
Fusion Markets provides access to a range of popular trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are available on desktop, web, and mobile devices, offering flexibility and convenience for traders. Additionally, Fusion Markets supports TradingView, a platform renowned for its advanced charting and technical analysis tools.
IC Markets offers a choice of popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. It provides flexibility for social trading features with diverse preferences and technical needs.
Fees and commission
Both Fusion Markets’ zero and classic accounts offer competitive spreads starting at 0.0 pips. The zero account has a $4.50 per lot commission, while the classic account charges $2.25 per side. International wire transfers typically incur fees ranging from $20 to $30. There are no inactivity fees.
IC Markets offers a variety of account types with different commission structures. These include a commission-free standard account, a raw spread account with a $3.50 per lot per side charge, and a cTrader account with a $3.00 per lot charge.
The TradingView platform also has a $3.00 per 100,000 USD traded charge. It requires a $200 minimum deposit and offers spreads ranging from 0.0 to 0.8 pips.
Research and education
Fusion Markets offers a comprehensive range of educational resources, including trading education, market analysis, webinars, video tutorials, trading guides and eBooks, and regular updates on market insights and news, empowering traders with the knowledge and tools they need to succeed.
IC Markets Global provides a wide range of educational resources to support traders, including web TV and podcasts, tutorials and webinars, trading tools, and servers, a comprehensive help center and blog, and essential tools like Forex calculators and an economic calendar.
Customer service
Fusion Markets customer support through various channels, including email at help@fusionmarkets.com, phone at +61 3 8376 2706, and 24/7 live chat. Their registered office is located at the Govant Building, BP 1276 Port Vila, Vanuatu.
IC Markets Global prioritizes customer support, offering a dedicated 24/7 team to address your trading inquiries. Reach them via live chat for immediate assistance, or by phone at various regional numbers +248 467 19 76, email: support@icmarkets.com for general inquiries.
The account opening process of both markets is straightforward. Both brokers offer online application forms that can be easily completed.
Fusion Markets vs. IC Markets comparison
This IC markets vs fusion markets comparison helps you decide between Fusion Markets and IC Markets by analyzing their fees, platforms, and features.
| Features | Fusion Markets | IC Markets |
|---|---|---|
| Established | 2017 | 2007 |
| Regulation | ASIC, VFSC, and FSA | ASIC, FSA, CySEC |
| Security measures | SSL encryption, 2FA, segregated funds | Segregated funds, AML/CTF compliance, insurance – up to $1M per client |
| Asset classes | Forex, Metals, Indices, Energy, Soft commodities, Crypto, US Share CFD trading | Forex CFDs, Indices CFDs, Commodities CFDs, Bond CFDs, Digital Currencies CFDs, Stocks CFDs, Futures CFDs |
| Account types | Zero, classic, Islamic, demo, swap-free | Standard, raw spread, cTrader, demo, swap-free |
| Minimum deposit | $0 | $200 |
| Deposit/withdrawal methods | Bank cards, crypto, E-wallets, local banking, wire transfers, etc. | Credit/debit cards, PayPal, Skrill, Neteller, wire transfer, etc. |
| Trading platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Commission | $4.50 per lot – zero account, $2.25 per side- classic account | $3.50 per lot -raw spread, $3.00 per lot -cTrader |
| Inactivity fee | $0 | $0 |
| Spreads | From 0.0 pips – zero account and classic account | From 0.0 pips – raw spread account |
| Educational resources | Webinars, market analysis, tutorials, eBooks, and news | Webinars, tutorials, help center, blog, calculators, and economic calendar |
| Customer support | 24/7 live chat, email, phone | 24/7 live chat, email, phone |
Conclusion
In conclusion, both Fusion Markets and IC Markets are reputable forex brokers with their strengths. Fusion Markets stands out with its competitive pricing and diverse asset selection, while IC Markets excels with its tight spreads and extensive account options. Ultimately, the best broker for you in the IC Markets vs Fusion Markets comparison will depend on your specific trading needs and preferences.
You can consider factors like your budget, risk tolerance, preferred trading style, and the importance of features such as commission-free trading, educational resources, and customer support. It is crucial to conduct thorough research and potentially demo trade with both brokers to make an informed decision. Start trading!
Pro Tip
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