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TD Direct Investing vs Fusion Markets : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TD Direct Investing
Fusion Markets
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
None
ECN broker
Years of Existence / Established Year
1984
2017
Customer Base / Number of Accounts
17 M
No information
Regulation & Security
Regulations (governing bodies)
CIPF, CIRO
ASIC, VFSC, and FSA
Awards Won (count for the last 2 years)
No major awards listed
Best MetaTrader Broker, Lowest Spread Forex Broker, Lowest Commission Forex Broker in 2023, 2024
Security Measures
CIPF
No
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes* Restriction for some regions
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Fixed income investments, GICs
12+ metals including energies, US shares CFDs
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
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)
No
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
Yes
Social Trading
No
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
TD app, web trader, Advanced dashboard, TD active trader
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
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 types
50,000,000 USD
Commission (per account type)
NA
Zero account- $4.5, Classic account -$0
Best Suited For (e.g., beginners, experienced traders)
Beginners and experienced traders
Beginners and active traders
Deposit & Withdrawal Options
Deposit Methods
Direct bank account, Check
Dragon pay, Wire Transfer, SEPA (Single Euro Payments Area), Transferwise, Visa, MasterCard, Credit card, Debit card, Bitcoin payments , Ethereum payments, e-wallets
Withdrawal Methods
SWIP, Wire payment
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.)
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
Trading Education, Market Analysis, Webinars, Video Tutorials, Trading Guides and eBooks, Market Insights and News
Fees & Commissions
Trading-Related Fees
Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Commission- $2.25 per side, Spread starts from 0.0 pips
Spread (typical, fixed, variable)
NA
Fixed and variable spreads
Per Lot Fees
NA
$4.50
Options Contract Fees
$9.99 + $1.25 per contract
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
NA
$0
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
$0
Statement or Document Fee
$2-$5
NA
Account Opening Fee
Applicable, Depends on account types
$0
Account Maintenance Fee
$25 per quarter
NA
Deposit Fee
$17.50 U.S
$0
Currency Conversion Fee
2.50%
$0
Withdrawal Fee
$30-$100
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 trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
Varies by product
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday, 7 am to 10 pm ET
24/7
Customer Support Methods (phone, email, live chat)
Phone: 1-800-465-5463, , Book an appointment
E-mail: [email protected], Phone: +61 3 8376 2706, Live chat
Support Languages
4
12+
Additional Information
Headquarters Location
66 Wellington Street West, Toronto, ON M5K 1A2
Govant Building,BP 1276 Port Vila,Vanuatu.
Complaints (for crypto brokers)
No
No
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