Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Fusion Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull Markets and Fusion Markets are both privately held forex and CFD brokers that are not listed on a stock exchange and are not banks. BlackBull Markets was founded in 2014, while Fusion Markets began in 2019. Based on ForexBrokers.com’s Trust Score scale, BlackBull Markets scores 77 out of 99, which puts it in the average-risk range, while Fusion Markets scores 71, also in the average-risk range.
On the regulatory side, both brokers hold one Tier-1 license, which ForexBrokers.com considers highly trusted, and neither holds any Tier-2 licenses. That means each firm has a similar level of top-tier oversight, but BlackBull Markets has a slightly higher Trust Score overall. For traders comparing regulation and safety, both brokers appear comparable, with BlackBull Markets having a small edge on trust rating.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Year Founded | 2014 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
BlackBull Markets and Fusion Markets both offer competitive pricing, but Fusion Markets comes out ahead on commissions and fees. BlackBull Markets has average trading costs overall, with pricing that depends on the account you choose. Its Standard account has no commission and no minimum deposit, but the spreads are wider. The Prime account has tighter spreads, with an average EUR/USD spread of 0.16 pips and an all-in cost of about 0.76 pips after commission, but it requires a $2,000 minimum deposit. BlackBull’s ECN Institutional account is aimed at high-volume traders and has the lowest commission rates, at $2 per side.
Fusion Markets is built for low-cost trading, especially on its Zero account, which uses raw spreads starting at 0.0 pips plus a separate commission. Fusion advertises commission of $2.25 per side on USD or AUD accounts, and the overall cost is estimated at around 0.5 pips. Its Classic account is simpler, with no separate commission, but spreads start at 0.9 pips, so it is usually better for newer or casual traders who want straightforward pricing. In short, Fusion tends to be cheaper for active traders, while BlackBull offers a good mix of choices depending on your account type.
BlackBull Markets is rated 4.5 stars and ranked #9 out of 36 brokers for Commissions and Fees by ForexBrokers.com. Fusion Markets is rated 5.0 stars, but a specific ForexBrokers.com ranking for this category was not provided.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 1.16 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 0.76 | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets offers a much wider range of investments than Fusion Markets. It supports forex trading, has 26,000 tradeable symbols and 72 forex pairs, and also lets clients buy exchange-traded shares on both U.S. and international exchanges. On top of that, BlackBull Markets provides copy trading and cryptocurrency CFDs, though it does not offer delivered crypto. In ForexBrokers.com’s Range of Investments category, BlackBull Markets is rated 5 stars and ranks #7 out of 36 brokers.
Fusion Markets has a smaller product lineup overall, with 250 tradeable symbols and 81 forex pairs. It does offer forex trading, copy trading, and cryptocurrency CFDs, but it does not provide access to exchange-traded shares on U.S. or international markets, and it does not offer delivered crypto either. In the same category, Fusion Markets is rated 3.5 stars, which makes BlackBull Markets the stronger choice for investors who want more market access and more ways to diversify.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 26000 | 250 |
| Forex Pairs (Total) | 72 | 81 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
BlackBull Markets and Fusion Markets both give traders a similar set of platform choices, making either broker a practical option for people who want flexibility. Each one offers a free demo account for simulated trading, desktop software for Windows, and a web-based platform that works in a browser. Both brokers also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with copy trading and the ability to place trades directly from a chart. Neither broker offers a proprietary platform, so traders will be using third-party tools rather than an in-house system.
When it comes to trading platforms and tools, BlackBull Markets and Fusion Markets are closely matched overall. Both are rated 4 stars out of 5 in this category, which reflects a good mix of platform access and trading features for everyday users. BlackBull Markets is ranked #25 out of 36 brokers by ForexBrokers.com for Trading Platforms and Tools, while Fusion Markets does not have a listed ranking in this category. For traders comparing online brokers, the main takeaway is that both firms offer the same core platform experience, with no major difference in the tools covered here.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Fusion Markets both offer mobile trading apps for iPhone and Android, so either broker lets you trade from your phone. Each app also supports trendline drawing and auto-saves chart drawings, which is helpful if you switch between devices or step away mid-analysis. On chart tools, Fusion Markets offers slightly more technical studies in its mobile app with 32, compared with 30 for BlackBull Markets.
Where BlackBull Markets stands out is in mobile features that improve day-to-day use: it offers price alerts and watchlist syncing, while Fusion Markets does not. BlackBull Markets is also rated higher for mobile trading apps, with 4 out of 5 stars and a ForexBrokers.com ranking of #28 out of 36 brokers. Fusion Markets has a 3.5-star rating and no listed rank in this category, making BlackBull Markets the stronger choice overall for mobile trading convenience.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, BlackBull Markets has the edge over Fusion Markets. BlackBull Markets provides daily market commentary, Autochartist tools, a sentiment tool that shows long and short positioning, and an economic calendar. Fusion Markets does offer an economic calendar and news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, but it does not provide daily commentary, Autochartist, or a sentiment tool. Neither broker offers Trading Central, TipRanks, or Acuity Trading research tools.
Overall, BlackBull Markets is rated 4.5 out of 5 for Research and ranks #17 out of 36 brokers in the ForexBrokers.com Research category, while Fusion Markets is rated 4.0 out of 5. For traders who want more built-in market analysis and trading ideas, BlackBull Markets offers a wider selection of research features, while Fusion Markets stands out for its access to major forex news sources.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, BlackBull Markets has the edge over Fusion Markets. BlackBull offers forex and CFD education with at least 10 learning pieces focused on those topics, plus monthly educational webinars, making it a better fit for traders who want regular live guidance. It also provides at least 10 beginner videos and 10 advanced videos, and it earns a higher Education rating of 4.5 out of 5, with a ForexBrokers.com Education ranking of #24 out of 36 brokers.
Fusion Markets also supports new traders with at least 10 beginner videos and 10 advanced videos, and it offers forex and CFD education as well. However, it does not provide monthly educational webinars, which may matter to beginners who prefer live learning sessions. Its Education rating is 4.0 out of 5, and it does not have a ForexBrokers.com Education rank listed, so BlackBull Markets stands out as the stronger choice overall for education.
| Feature |
BlackBull Markets
|
Fusion Markets
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Fusion Markets. BlackBull Markets finished with an overall rank of #22, while Fusion Markets finished with an overall rank of #N/A.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
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Fusion Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 77 | 71 |
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BlackBull Markets and Fusion Markets both offer cryptocurrency CFDs, but neither broker provides the ability to buy actual, delivered cryptocurrency, making them similar choices for traders who want crypto market exposure without owning the underlying asset.
BlackBull Markets and Fusion Markets both support ACH/SEPA transfers, Skrill, and bank wire deposits and withdrawals, but Fusion Markets also offers PayPal, giving it a broader range of payment options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | Fusion Markets | |
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| Trust Score | 77 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Fusion Markets Review |
| Broker Screenshots | BlackBull Markets | Fusion Markets | |
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| Regulation | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Trust Score | 77 | 71 | |
| Year Founded | 2014 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 26000 | 250 | |
| Forex Pairs (Total) | 72 | 81 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.16 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.76 | 0.54 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | ||
| Order execution: Market Maker | Yes |
| Funding | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0.00 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes |
| Trading Tools | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Fusion Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | BlackBull Markets Review | Fusion Markets Review |
| Overall | BlackBull Markets | Fusion Markets | |
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| Trust Score | 77 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Fusion Markets Review |
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