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Firstrade vs Fusion Markets : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Firstrade
Fusion Markets
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
ECN broker
Years of Existence / Established Year
1985
2017
Customer Base / Number of Accounts
1Million
No information
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
ASIC, VFSC, and FSA
Awards Won (count for the last 2 years)
Best Online Brokers, Best for Options Traders award.
Best MetaTrader Broker, Lowest Spread Forex Broker, Lowest Commission Forex Broker in 2023, 2024
Security Measures
SIPC
No
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes* Restriction for some regions
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more
12+ metals including energies, US shares CFDs
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
Yes- Through ETFs
Yes
Cryptocurrencies
Yes- Through ETFs
Yes
CFDs
No
Yes
ETFs
Yes
No
Stocks
Yes
No
Options
Yes
No
Futures
No
No
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
Yes
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
Yes
Yes
cTrader
No
Yes
Social Trading
No
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Firstrade platform
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning
Zero, Classic, Swap free accounts
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
No
10:1- 500:1
Trade Limit (maximum per trade)
Depends on asset class
50,000,000 USD
Commission (per account type)
$0
Zero account- $4.5, Classic account -$0
Best Suited For (e.g., beginners, experienced traders)
Both beginners and experienced traders
Beginners and active traders
Deposit & Withdrawal Options
Deposit Methods
Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer
Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets
Withdrawal Methods
Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed
Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets
Other E-Wallets Supported
No
Skrill, Neteller, PayPal, Sticpay, FasaPay, Perfect Money, JetonCash, AstroPay, PayID, Doku Wallet
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs
Trading Education, Market Analysis, Webinars, Video Tutorials, Trading Guides and eBooks, Market Insights and News
Fees & Commissions
Trading-Related Fees
Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)
Commission- $2.25 per side, Spread starts from 0.0 pips
Spread (typical, fixed, variable)
Typical
Fixed and variable spreads
Per Lot Fees
NA
$4.50
Options Contract Fees
$0
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
0.0 pip
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
500:1
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
0.20-0.30%
NA
Swap Fees (Overnight Financing)
NA
$0
Statement or Document Fee
$2-$5
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
NA
Deposit Fee
$0
$0
Currency Conversion Fee
3%
$0
Withdrawal Fee
$25-$75
International wire transfers $20 to $30.
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET
Varies by product
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday,10am - 4pm ET
24/7
Customer Support Methods (phone, email, live chat)
Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919
E-mail: [email protected], Phone: +61 3 8376 2706, Live chat
Support Languages
3
12+
Additional Information
Headquarters Location
30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
Govant Building,BP 1276 Port Vila,Vanuatu.
Complaints (for crypto brokers)
No
No
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