Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA and Fusion Markets are both private online brokers that are not publicly traded and are not banks, but they differ a lot in age and regulation. OANDA was founded in 1996 and holds 7 Tier-1 licenses, which helps support its ForexBrokers.com Trust Score of 92 out of 99, putting it in the highly trusted range.
Fusion Markets, founded in 2019, is much newer and holds 1 Tier-1 license, with a Trust Score of 71 out of 99. That places it in the average-risk range by ForexBrokers.com standards. For traders comparing broker safety and oversight, OANDA has the stronger regulatory profile overall.
| Feature |
OANDA
|
Fusion Markets
|
|---|---|---|
| Year Founded | 1996 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing OANDA and Fusion Markets on commissions and fees, Fusion Markets comes out as the lower-cost choice for most traders. OANDA’s trading costs are generally higher, with its default pricing showing wider spreads and its core pricing adding a commission on top of tighter spreads. For example, OANDA’s average non-core spread on EUR/USD was 1.61 pips in July 2024, while its core pricing can be a better deal only after you factor in the $5 per side commission per $100,000 traded. OANDA is rated 4 stars and ranked #31 out of 36 for commissions and fees.
Fusion Markets offers two simple pricing models: Zero, which uses raw spreads plus a commission, and Classic, which folds the cost into the spread. The Zero account is usually the cheaper option, with advertised commissions of $2.25 per side in USD or AUD accounts and overall trading costs of around 0.5 pips. The Classic account is easier to follow, but its spreads start at 0.9 pips, so it tends to cost more than Zero. Fusion Markets is rated 5.0 stars for commissions and fees, and its ForexBrokers.com ranking was N/A in the data provided.
In plain terms, Fusion Markets is the stronger pick if keeping trading costs low is your top priority, especially for active forex trading. OANDA may appeal more to traders who value its order execution and very small minimum trade size, but its fees are less competitive overall. If you want the cheapest path, Fusion’s Zero account is the better fit; if you want simpler pricing, OANDA’s structure may be easier to understand, though usually at a higher cost.
| Feature |
OANDA
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 1.68 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 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 the range of investments, OANDA gives traders more ways to diversify than Fusion Markets. OANDA offers 4,172 tradeable symbols, 69 forex pairs, and access to both U.S. and international exchange traded securities, so clients can buy real shares such as Apple or Vodafone. It also supports copy trading, allows users to buy actual cryptocurrency, and offers cryptocurrency CFDs. OANDA is rated 4.5 out of 5 stars for Range of Investments and is ranked #20 out of 36 brokers by ForexBrokers.com in this category.
Fusion Markets offers a narrower product range overall, with 250 tradeable symbols and 81 forex pairs. Like OANDA, it offers forex trading and cryptocurrency CFDs, and it also supports copy trading. However, it does not offer exchange traded securities on U.S. or international exchanges, and it does not let clients buy actual cryptocurrency. Fusion Markets is rated 3.5 out of 5 stars for Range of Investments, which puts it behind OANDA for breadth of assets available.
| Feature |
OANDA
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Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 4172 | 250 |
| Forex Pairs (Total) | 69 | 81 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
OANDA and Fusion Markets both give traders a strong set of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, copy trading, MetaTrader 4, and MetaTrader 5. Each broker also lets you trade directly from charts, which can make it easier to act on market moves without switching screens. For day-to-day use, both are built to support beginners who want simple access as well as more active traders who like having several ways to trade.
The main difference is that OANDA offers its own in-house trading platform, while Fusion Markets does not. That can matter if you prefer a broker-made platform with a separate feel and workflow. In ratings, both brokers score well for trading platforms and tools, with OANDA at 4 stars and Fusion Markets at 4.0 stars. ForexBrokers.com ranks OANDA #16 out of 36 brokers in this category, while Fusion Markets does not have a listed ranking.
| Feature |
OANDA
|
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) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Fusion Markets both offer mobile trading apps for iPhone and Android, so traders can manage accounts and place trades on the go with either broker. Both apps also support trendline drawing and auto-save chart drawings, which makes it easier to keep track of your analysis. In terms of charting tools, Fusion Markets offers 32 technical studies, slightly more than OANDA’s 30.
Where OANDA stands out is in alerts and overall app quality. OANDA offers stock or forex price alerts, while Fusion Markets does not, and OANDA also earns a 5-star rating for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com. Fusion Markets is rated 3.5 stars in this category and does not have a listed ranking, which may make OANDA the stronger pick for traders who want a more polished mobile experience.
| Feature |
OANDA
|
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 | 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, OANDA has the edge over Fusion Markets. OANDA offers daily market commentary, news from top-tier sources like Reuters and Bloomberg, Autochartist tools, a sentiment indicator showing long and short positioning, and an economic calendar. This mix of features gives traders more ways to follow market moves and spot possible opportunities. OANDA is also rated 5 out of 5 stars for Research and is ranked #4 out of 36 brokers by ForexBrokers.com in this category.
Fusion Markets still covers the basics well, with forex news from major sources and an economic calendar for tracking global events. However, it does not offer daily market commentary, Autochartist, or a sentiment-based trading tool. Its Research rating is 4.0 out of 5 stars, and it does not have a ForexBrokers.com ranking listed for this category. Overall, OANDA provides a wider range of market research tools for traders who want more in-depth analysis.
| Feature |
OANDA
|
Fusion Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | 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.
When it comes to learning support for beginners, OANDA has the edge over Fusion Markets. OANDA offers forex and CFD education with at least 10 learning pieces focused on these markets, plus monthly online webinars, which can help new traders stay engaged and build knowledge step by step. It also provides at least 10 beginner videos and 10 advanced videos, making it a stronger choice for traders who want to keep learning as they gain experience.
Fusion Markets also gives beginners access to at least 10 educational videos, including content for both new and more experienced traders, but it falls behind OANDA in a few key areas. It does not offer monthly educational webinars, and its overall education rating is 4.0 stars compared with OANDA’s 5 stars. OANDA is also ranked #18 out of 36 brokers for education by ForexBrokers.com, while Fusion Markets does not have a listed ranking in that category.
| Feature |
OANDA
|
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 OANDA is better than Fusion Markets. OANDA finished with an overall rank of #13, while Fusion Markets finished with an overall rank of #N/A.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Fusion Markets
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| Trust Score | 92 | 71 |
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When comparing OANDA vs Fusion Markets, OANDA lets traders buy actual delivered cryptocurrency as well as crypto CFDs, while Fusion Markets only offers cryptocurrency CFDs and does not provide direct purchase of actual cryptocurrency.
When comparing OANDA vs Fusion Markets, both online brokers support ACH or SEPA transfers, PayPal, Skrill, and bank wire transfers for depositing and withdrawing funds, while neither appears to offer Visa or Mastercard as a funding option.
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 | OANDA | Fusion Markets | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review | Fusion Markets Review |
| Broker Screenshots | OANDA | Fusion Markets | |
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| Regulation | OANDA | Fusion Markets | |
|---|---|---|---|
| Trust Score | 92 | 71 | |
| Year Founded | 1996 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | 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) | OANDA | 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 | OANDA | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 4172 | 250 | |
| Forex Pairs (Total) | 69 | 81 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | OANDA | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.68 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 0.54 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | ||
| Order execution: Market Maker | Yes |
| Funding | OANDA | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | OANDA | 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) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | OANDA | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | 30 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | OANDA | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | OANDA | 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 | OANDA Review | Fusion Markets Review |
| Overall | OANDA | Fusion Markets | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | OANDA Review | Fusion Markets Review |
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