Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM and Fusion Markets are both non-bank online brokers, but they differ a lot in age, ownership, and regulatory standing. FXCM was founded in 1999 and is publicly traded, while Fusion Markets launched in 2019 and is privately held. For traders comparing trust, FXCM stands out with a ForexBrokers.com Trust Score of 95 out of 99, which falls in the highly trusted range, while Fusion Markets scores 71, placing it in the average risk category.
Regulation is another key difference. FXCM holds 4 Tier-1 licenses and 2 Tier-2 licenses, which signals a stronger regulatory profile overall. Fusion Markets holds 1 Tier-1 license and no Tier-2 licenses, so it has fewer top-tier approvals than FXCM. In simple terms, both brokers are legitimate firms, but FXCM offers a higher level of regulatory oversight and a stronger trust rating based on ForexBrokers.com data.
| Feature |
FXCM
|
Fusion Markets
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
FXCM’s commissions and fees are a bit higher than the industry average, especially on standard accounts. In May 2024, EUR/USD spreads averaged 0.78 pips for FXCM’s EU, U.K., and Australia offerings, while its St. Vincent and the Grenadines entity averaged 1.38 pips. FXCM’s commission-based accounts were cheaper on the spread itself, with average raw spreads of 0.28 pips, but the total cost rises once commissions are added. FXCM also offers an Active Trader Rebate Program in some regions, which can lower costs for high-volume traders, though the best pricing is usually reserved for those trading large monthly volumes. FXCM is rated 4.5 out of 5 stars and ranked #17 out of 36 brokers for commissions and fees.
Fusion Markets is the lower-cost choice for most traders. Its Zero account uses raw spreads starting at 0.0 pips plus a separate commission, with Fusion saying the all-in cost is about 0.5 pips for many trades. The Classic account is simpler, but the spread starts at 0.9 pips because the fee is built in. In plain terms, Fusion’s Zero account is better for active traders who want the lowest possible trading costs, while the Classic account may suit beginners who prefer easy-to-understand pricing. Fusion Markets is rated 5.0 out of 5 stars for commissions and fees, and its ForexBrokers.com ranking for this category was not available (#N/A).
Overall, Fusion Markets comes out ahead on price, especially on its Zero account, while FXCM offers decent pricing but usually at a higher overall cost. If your main goal is to keep trading fees as low as possible, Fusion Markets is the stronger pick. If you value FXCM’s rebate program and account options, it may still be worth a look, but it is generally not the cheapest option.
| Feature |
FXCM
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 0.9 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, FXCM and Fusion Markets both focus on trading rather than long-term investing. Neither broker offers exchange-traded U.S. or international shares, and neither lets clients buy actual cryptocurrency. Both do support crypto CFDs and copy trading, giving traders access to popular market themes without owning the underlying assets. FXCM offers forex trading as a CFD or spot contract, while Fusion Markets also provides forex trading and stands out with a larger selection of forex pairs.
FXCM lists 440 tradeable symbols and 46 forex pairs, while Fusion Markets offers 250 tradeable symbols and 81 forex pairs. That means FXCM has a wider overall product list, but Fusion Markets gives traders more currency pairs to choose from. In ForexBrokers.com’s Range of Investments category, FXCM earns 4.5 out of 5 stars and ranks #21 out of 36 brokers, compared with Fusion Markets at 3.5 stars and no published rank.
| Feature |
FXCM
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 440 | 250 |
| Forex Pairs (Total) | 46 | 81 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | 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.
FXCM and Fusion Markets both give traders a wide choice of platform options, including free demo accounts, web-based trading, Windows desktop downloads, MT4, and copy trading. Both also let you place trades straight from a chart, which is useful for traders who want a quick, simple way to act on market moves. FXCM stands out with its own in-house platform, while Fusion Markets does not offer a proprietary platform. The main difference for platform choice is that Fusion Markets offers MT5, while FXCM does not.
When it comes to trading tools, FXCM has the edge in overall ratings and recognition. ForexBrokers.com gives FXCM 5 out of 5 stars for Trading Platforms and Tools and ranks it #4 out of 36 brokers in this category. Fusion Markets earns 4.0 out of 5 stars and does not have a listed rank here. For traders comparing the two, FXCM may appeal more if you want a broker with a higher platform-and-tools score, while Fusion Markets may be better if MT5 is important to you.
| Feature |
FXCM
|
Fusion Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Fusion Markets both offer iPhone and Android apps, so traders on either platform can manage positions from a phone or tablet. Both mobile apps also let users draw trendlines and automatically save those drawings, which makes chart work easier when switching between devices. In this area, the two brokers cover the basics well, but FXCM has the edge for traders who want more from their mobile trading experience.
FXCM stands out with mobile price alerts, watchlist syncing with the online account, and a larger set of chart tools, including 59 technical studies compared with Fusion Markets’ 32. That extra functionality helps FXCM earn a higher Mobile Trading Apps rating of 4.5 out of 5, along with a stronger ForexBrokers.com ranking of #16 out of 36 brokers. Fusion Markets still provides a usable mobile app, but its 3.5-star rating and missing alerts and watchlist syncing make it a simpler choice for mobile traders.
| Feature |
FXCM
|
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 | 59 | 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, FXCM has the edge over Fusion Markets. FXCM offers daily market commentary, forex news from top sources like Bloomberg and Reuters, Trading Central tools, sentiment data showing long and short positions, TipRanks research, and an economic calendar. Fusion Markets also provides top-tier forex news and an economic calendar, but it does not offer daily commentary, Trading Central, sentiment tools, or TipRanks.
FXCM is rated 4.5 out of 5 for research and ranks #11 out of 36 brokers at ForexBrokers.com in this category, while Fusion Markets scores 4.0 out of 5. In simple terms, both brokers give traders access to useful news and event tracking, but FXCM offers a wider range of research tools for those who want more help with market analysis.
| Feature |
FXCM
|
Fusion Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, FXCM has the edge over Fusion Markets. FXCM offers forex and CFD education with at least 10 learning pieces, monthly educational webinars, and plenty of beginner-focused videos, plus advanced videos for traders who want to go further. That stronger learning setup is reflected in its 4.5-star Education rating and its #13 ranking out of 36 brokers by ForexBrokers.com. Fusion Markets also provides at least 10 beginner videos and at least 10 advanced videos, so it does give new traders useful video-based learning material.
The main difference is that FXCM adds more live and structured education, especially through regular webinars, while Fusion Markets does not offer monthly educational webinars. In addition, FXCM appears more highly regarded for education overall, with a higher rating and a published ranking, while Fusion Markets is rated 4.0 stars and has no listed rank in the Education category. For a beginner who wants more ways to learn, FXCM looks like the more complete option, though Fusion Markets still offers a solid selection of videos.
| Feature |
FXCM
|
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 FXCM is better than Fusion Markets. FXCM finished with an overall rank of #10, while Fusion Markets finished with an overall rank of #N/A.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
Fusion Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 71 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing FXCM vs Fusion Markets, neither broker offers the ability to buy actual delivered cryptocurrency, but both do provide cryptocurrency CFDs for traders looking to speculate on crypto price movements without owning the underlying asset.
FXCM and Fusion Markets are closely matched when it comes to funding and withdrawals, as both brokers support ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers, while neither appears to offer Visa or Mastercard funding 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FXCM | Fusion Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | FXCM Review | Fusion Markets Review |
| Broker Screenshots | FXCM | Fusion Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | FXCM | Fusion Markets | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FXCM | Fusion Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FXCM | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 440 | 250 | |
| Forex Pairs (Total) | 46 | 81 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | 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 | FXCM | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.9 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.54 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | Yes |
| Funding | FXCM | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $0.00 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | FXCM | Fusion Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | FXCM | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | 59 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FXCM | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FXCM | 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 | FXCM Review | Fusion Markets Review |
| Overall | FXCM | Fusion Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | FXCM Review | Fusion Markets Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill