Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers vs Fusion Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Interactive Brokers and Fusion Markets are both non-bank online brokers, but they differ a lot in age, scale, and regulation. Interactive Brokers was founded in 1977, is publicly traded, and holds 8 Tier-1 licenses plus 2 Tier-2 licenses, giving it a ForexBrokers.com Trust Score of 99, which falls in the highly trusted range. Fusion Markets, founded in 2019 and not publicly traded, holds 1 Tier-1 license and no Tier-2 licenses, with a Trust Score of 71, which is considered average risk.
For traders comparing safety and oversight, the main difference is clear: Interactive Brokers has a much longer track record and a wider set of top-tier regulatory approvals. Fusion Markets is a newer broker with fewer licenses, so it may appeal to users looking for a newer platform, but its regulatory profile is not as strong as Interactive Brokers.
| Feature |
Interactive Brokers
|
Fusion Markets
|
|---|---|---|
| Year Founded | 1977 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 8 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Interactive Brokers and Fusion Markets are both strong choices for low trading costs, especially for forex. Interactive Brokers earns a 5-star rating and ranks #2 out of 36 brokers for commissions and fees. It uses commission-based pricing instead of marking up spreads, with EUR/USD pricing in Q3 2024 showing an average spread of 0.19 pips and an estimated all-in cost of about 0.59 pips after commission. Its forex commissions start at $2 per side, so smaller trades can feel more expensive, but active traders may qualify for lower rates.
Fusion Markets also earns 5.0 stars, though it is not ranked in the category by ForexBrokers.com. Its Zero account is the cheapest option, offering raw spreads from 0.0 pips plus a separate commission, with costs that Fusion estimates at around 0.5 pips overall. The Classic account is simpler, with commission built into the spread, but its spreads start at 0.9 pips, making it better suited to newer or casual traders who prefer easy-to-understand pricing.
In simple terms, both brokers keep fees low, but they suit different styles. Interactive Brokers is a good fit for more active traders who want tight pricing and can handle commission-based trading, while Fusion Markets may appeal to traders who want either very low-cost raw pricing or a simpler all-in spread model. If your main goal is minimizing forex commissions and fees, both are competitive, but Interactive Brokers has the stronger published ranking.
| Feature |
Interactive Brokers
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | N/A | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 0.626 | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers offers a much wider range of investments than Fusion Markets. It supports about 8,500 tradeable symbols, including 100 forex pairs, and gives clients access to both U.S. and international exchange-traded securities such as shares listed on the NASDAQ or the London Stock Exchange. It also lets users buy actual cryptocurrency, not just a contract based on it. In addition, Interactive Brokers offers forex trading as either a CFD or spot contract.
Fusion Markets provides a smaller selection overall, with around 250 tradeable symbols and 81 forex pairs. It does not offer exchange-traded securities on U.S. or international stock exchanges, and it does not support direct crypto purchases. However, it does offer copy trading and cryptocurrency CFDs. Based on range of investments, Interactive Brokers is rated 5 stars and ranked #1 out of 36 brokers by ForexBrokers.com, while Fusion Markets is rated 3.5 stars and is not ranked in that category.
| Feature |
Interactive Brokers
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 8500 | 250 |
| Forex Pairs (Total) | 100 | 81 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | No | 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.
Interactive Brokers and Fusion Markets both give traders a choice of paper trading, desktop downloads, and web-based platforms, so each offers a way to practice and trade from a browser or computer. Both also let users place trades directly from charts, which can make fast decisions easier. Where they differ is in platform variety: Interactive Brokers offers its own in-house platform, while Fusion Markets does not.
For traders who want copy trading or access to popular third-party tools, Fusion Markets has the edge because it supports copy trading along with MetaTrader 4 and MetaTrader 5. Interactive Brokers does not offer those options, but it still stands out for its overall platform quality, earning 5 stars for Trading Platforms and Tools and ranking #2 out of 36 brokers at ForexBrokers.com. Fusion Markets is rated 4.0 stars in the same category, making it a solid choice for traders who prefer MT4, MT5, or copy trading.
| Feature |
Interactive Brokers
|
Fusion Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 155 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Interactive Brokers and Fusion Markets both offer mobile trading apps for iPhone and Android, so traders can manage accounts on the go with either broker. Where Interactive Brokers stands out is in app features: it offers stock and forex price alerts, watchlist symbol syncing between mobile and the online account, and a much wider charting toolkit with 155 technical studies. Fusion Markets also lets users draw trendlines on charts, but it does not offer price alerts or watchlist syncing, and its mobile charting includes 32 technical studies.
When it comes to overall mobile app quality, Interactive Brokers leads the comparison with a 5-star rating for Mobile Trading Apps and a #4 ranking out of 36 brokers from ForexBrokers.com. Fusion Markets is rated 3.5 stars and does not have a listed rank in this category. Both apps support basic trading on mobile, but Interactive Brokers is the better choice for traders who want stronger charting, alerts, and smoother syncing across devices.
| Feature |
Interactive Brokers
|
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 | 155 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Interactive Brokers offers a wider range of market research tools than Fusion Markets. It provides daily market commentary, news from major sources like Bloomberg, Reuters, and Dow Jones, plus extra features such as Trading Central analysis, sentiment tools, TipRanks insights, and Acuity Trading research. It also includes an economic calendar, making it easier for traders to follow key events and compare market views in one place.
Fusion Markets still covers some useful basics, including forex news from top-tier sources and an economic calendar, but it does not offer the same depth of research features. In ForexBrokers.com’s Research category, Interactive Brokers is rated 5 stars and ranked #3 out of 36 brokers, while Fusion Markets holds a 4.0-star rating and is not ranked in that category.
| Feature |
Interactive Brokers
|
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 | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners who want to learn before they trade, Interactive Brokers has a clear edge over Fusion Markets. Interactive Brokers offers forex and CFDs education with at least 10 learning pieces, plus monthly educational client webinars, more than 10 beginner videos, and more than 10 advanced videos. It is also rated 5 stars for Education and ranks #1 out of 36 brokers at ForexBrokers.com, which points to a much stronger learning experience overall. Fusion Markets also provides more than 10 beginner videos and more than 10 advanced videos, but it does not appear to offer monthly educational webinars, and it is rated 4.0 stars for Education.
In simple terms, both brokers give beginners video content to get started, but Interactive Brokers goes further with a wider range of forex and CFDs learning material and regular webinars. That makes Interactive Brokers the better choice for new traders who want more guided support, while Fusion Markets may suit learners who mainly want video-based education without as many live teaching options.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than Fusion Markets. Interactive Brokers finished with an overall rank of #2, while Fusion Markets finished with an overall rank of #N/A.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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Fusion Markets
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| Trust Score | 99 | 71 |
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When comparing Interactive Brokers vs Fusion Markets, Interactive Brokers allows clients to buy actual delivered cryptocurrency but does not offer cryptocurrency CFDs, while Fusion Markets does not offer delivered crypto purchases and instead provides cryptocurrency CFDs.
Interactive Brokers and Fusion Markets both support ACH/SEPA transfers and bank wires for depositing and withdrawing funds, but Fusion Markets has the advantage for online payment flexibility because it also supports PayPal and Skrill, which Interactive Brokers does not offer.
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 | Interactive Brokers | Fusion Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Fusion Markets Review |
| Broker Screenshots | Interactive Brokers | Fusion Markets | |
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| Regulation | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1977 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No |
| Investments | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 8500 | 250 | |
| Forex Pairs (Total) | 100 | 81 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | No | 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 | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | N/A | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.626 | 0.54 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | No |
| Funding | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0.00 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 155 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | 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 | 155 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Interactive Brokers | 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 | Interactive Brokers | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Interactive Brokers | 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 | Interactive Brokers Review | Fusion Markets Review |
| Overall | Interactive Brokers | Fusion Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | Fusion Markets Review |
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