Written by ForexBrokers.com
In this head to head comparison of IC 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.
IC Markets and Fusion Markets are both private online brokers that are not publicly traded and are not banks. IC Markets was founded in 2007, while Fusion Markets launched in 2019. In terms of regulation, IC Markets holds 2 Tier-1 licenses and 0 Tier-2 licenses, giving it a ForexBrokers.com Trust Score of 83 out of 99, which places it in the trusted range. Fusion Markets holds 1 Tier-1 license and 0 Tier-2 licenses, with a Trust Score of 71 out of 99, which is considered average risk.
For traders comparing safety and oversight, IC Markets has the stronger regulatory profile and a higher trust rating than Fusion Markets. Both brokers remain unlisted and privately owned, but IC Markets has been operating longer and is backed by more top-tier regulation, which may matter to users looking for a more established broker with stronger oversight.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Year Founded | 2007 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
IC Markets and Fusion Markets are both strong choices for low trading costs, especially for forex traders who want tight spreads and fair commissions. IC Markets offers three account types: a commission-free Standard account and commission-based Raw Spread and cTrader Raw Spread accounts. Its pricing can be especially competitive on major pairs like EUR/USD, with all-in costs that rival other low-cost brokers. IC Markets is rated 5 stars for commissions and fees and ranks #5 out of 36 brokers in this category.
Fusion Markets also keeps costs low, with two main choices: the Zero account, which uses raw spreads plus commission, and the Classic account, which includes the fee in the spread. The Zero account is usually the cheaper option for active traders, with pricing that can land around 0.5 pips overall, while the Classic account is simpler but costs more through wider spreads. Fusion Markets is rated 5.0 stars for commissions and fees, though ForexBrokers.com does not list a category rank for it (#N/A).
In simple terms, IC Markets is a great fit if you want a range of account types and very competitive pricing, while Fusion Markets may appeal to traders who want especially low costs on its Zero account or a more straightforward spread-only option with Classic. Both brokers are well-suited to cost-conscious traders, but active forex traders are likely to get the most value from their commission-based accounts.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $200 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 0.8 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 0.72 | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets offers a wider range of investments than Fusion Markets, making it the stronger choice for traders who want more market variety. IC Markets lists 7,435 tradeable symbols and 61 forex pairs, while Fusion Markets offers 250 tradeable symbols and 81 forex pairs. Both brokers provide forex trading through CFDs, support copy trading, and let clients trade cryptocurrency CFDs, but neither offers direct access to U.S. or international exchange-traded shares, or the ability to buy actual cryptocurrency.
In independent ratings, IC Markets scores 4.5 out of 5 for Range of Investments and is ranked #22 out of 36 brokers by ForexBrokers.com in this category. Fusion Markets is rated 3.5 out of 5, with no published category ranking. For traders mainly focused on market selection, IC Markets has the edge overall, although Fusion Markets does offer a slightly larger number of forex pairs.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 7435 | 250 |
| Forex Pairs (Total) | 61 | 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.
IC Markets and Fusion Markets both give traders a very similar set of platform choices and tools. Each broker offers free demo trading, MetaTrader 4, MetaTrader 5, a Windows desktop app, and a web-based platform, along with copy trading and the ability to place trades straight from charts. Neither broker has its own in-house platform, so traders who use either one will mainly be working with familiar third-party options.
For everyday users, this makes both brokers easy to compare on usability rather than features. IC Markets is rated 4 stars for Trading Platforms and Tools and ranks #17 out of 36 brokers by ForexBrokers.com, while Fusion Markets also earns 4 stars in this category. Since both brokers offer the same core trading setup, the better choice may come down to pricing, account type, or which platform feels easier to use.
| Feature |
IC 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) | 32 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and Fusion Markets both give traders access to iPhone and Android apps, and each mobile platform includes 32 technical studies, trendline drawing, and auto-saving chart drawings. Neither broker offers watchlist symbol syncing between the app and the online account, so changes do not carry over automatically.
The main difference is that IC Markets offers price alerts in its mobile app, while Fusion Markets does not. IC Markets also scores higher overall for mobile trading apps, with a 4-star rating and a ForexBrokers.com rank of #22 out of 36 brokers, compared with Fusion Markets’ 3.5-star rating and no listed rank in this category.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 32 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IC Markets has a wider range of market research tools than Fusion Markets. It offers daily market commentary, news from major sources like Bloomberg and Reuters, Trading Central insights, sentiment data showing long or short positioning, TipRanks research, and an economic calendar. Fusion Markets also provides forex news from top-tier sources and an economic calendar, but it does not include daily commentary, Trading Central, sentiment tools, or TipRanks. Neither broker offers Autochartist or Acuity Trading tools.
In terms of research scores, both brokers are rated 4 stars, but IC Markets has a clear edge in the overall category because of its broader research lineup and a ForexBrokers.com ranking of #21 out of 36 brokers for Research. Fusion Markets does not have a listed ranking for this category, which makes IC Markets the stronger choice for traders who want more built-in market analysis and trading ideas.
| Feature |
IC Markets
|
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.
When comparing IC Markets and Fusion Markets for beginner education, both brokers give new traders a fair amount of learning material, including at least 10 beginner videos and at least 10 advanced videos. IC Markets also stands out by offering forex or CFD education with enough content to meet the minimum standard, while Fusion Markets does not clearly meet that same benchmark. That gives IC Markets a slight edge for beginners who want more direct forex and CFD learning support.
IC Markets also offers online educational client webinars every month, which can be helpful for people who learn best by watching live sessions and asking questions. Fusion Markets does not offer monthly educational webinars, so its support is a bit more limited in that area. Both brokers are rated 4 stars for education, but IC Markets is ranked #16 out of 36 brokers by ForexBrokers.com in the Education category, while Fusion Markets does not have a listed ranking. Overall, both are useful for self-study, but IC Markets provides more ways for beginners to learn.
| Feature |
IC 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 IC Markets is better than Fusion Markets. IC Markets finished with an overall rank of #21, while Fusion Markets finished with an overall rank of #N/A.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
| Feature |
IC Markets
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Fusion Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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IC Markets and Fusion Markets both allow traders to speculate on cryptocurrency price movements through crypto CFDs, but neither online broker offers the ability to buy actual, delivered cryptocurrency.
When comparing IC Markets vs Fusion Markets for funding options, both brokers support PayPal, Skrill, and bank wire transfers, but only Fusion Markets offers ACH or SEPA transfers for deposits and withdrawals, giving it a slight edge for clients who prefer local bank transfer methods.
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 | IC Markets | Fusion Markets | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Fusion Markets Review |
| Broker Screenshots | IC Markets | Fusion Markets | |
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| Regulation | IC Markets | Fusion Markets | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2007 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IC 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 7435 | 250 | |
| Forex Pairs (Total) | 61 | 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.8 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.72 | 0.54 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | Yes |
| Funding | IC Markets | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $200 | $0.00 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | IC 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 32 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | Fusion Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 32 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | IC Markets | 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | IC 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 | IC Markets Review | Fusion Markets Review |
| Overall | IC Markets | Fusion Markets | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Fusion Markets Review |
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