Written by ForexBrokers.com
In this head to head comparison of Pepperstone 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.
Pepperstone and Fusion Markets are both private, non-bank forex brokers, but Pepperstone has been around longer, having been founded in 2010 compared with Fusion Markets in 2019. In terms of trust, Pepperstone stands out with a ForexBrokers.com Trust Score of 94 out of 99, which places it in the highly trusted range. Fusion Markets has a Trust Score of 71, which falls into the average risk category.
Regulation is another key difference between the two. Pepperstone holds 3 Tier-1 licenses and 2 Tier-2 licenses, while Fusion Markets has 1 Tier-1 license and no Tier-2 licenses. Since Tier-1 licenses are considered highly trusted and Tier-2 licenses are trusted by ForexBrokers.com, Pepperstone offers a stronger regulatory profile overall.
| Feature |
Pepperstone
|
Fusion Markets
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone and Fusion Markets are both strong choices for low trading costs, but they use different pricing styles. Pepperstone’s best value comes on its Razor account, which uses raw spreads plus commission and can be especially attractive for active traders who qualify for the Active Trader program. Its Standard account is simpler and commission-free, but the wider spreads make it the pricier option overall. Pepperstone is rated 5 stars for commissions and fees and ranks #5 out of 36 brokers.
Fusion Markets also offers two main pricing models. Its Zero account is built for traders who want very tight spreads with a separate commission, while its Classic account rolls the cost into the spread for easier-to-follow pricing. In many cases, Fusion’s Zero account delivers very low overall costs, with Fusion estimating trading costs at about 0.5 pips. Fusion Markets is rated 5.0 stars for commissions and fees and ranks #7 out of 36 brokers.
In simple terms, both brokers are cheap, but Fusion Markets often looks a little better on raw pricing, while Pepperstone stands out for its account choice and rebates for high-volume traders. If you want the lowest possible trading costs and don’t mind paying commission, Fusion’s Zero account is a strong pick. If you trade more often and can use Pepperstone’s Active Trader discounts, Pepperstone can also be very competitive.
| Feature |
Pepperstone
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $10 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 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.
Pepperstone offers a wider overall range of investments than Fusion Markets, with 2,631 tradeable symbols compared with 250 at Fusion Markets. Pepperstone also provides 65 forex pairs, while Fusion Markets lists 81, so Fusion has the edge for forex pair choice. Both brokers let you trade forex as a CFD, and neither offers exchange-traded shares on U.S. or international stock exchanges, so you cannot buy actual listed shares such as Apple or Vodafone through either platform.
Both brokers support copy trading and cryptocurrency CFDs, but Pepperstone goes a step further by also offering actual cryptocurrency purchases, which Fusion Markets does not. Based on ForexBrokers.com’s Range of Investments scores, Pepperstone is rated 4 stars and ranked #23 out of 36 brokers, while Fusion Markets is rated 3.5 stars and ranked #36. Overall, Pepperstone has the broader product selection, while Fusion Markets stands out mainly for offering more forex pairs.
| Feature |
Pepperstone
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 2631 | 250 |
| Forex Pairs (Total) | 65 | 81 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | 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.
Pepperstone and Fusion Markets both give traders a wide range 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 placing orders quicker and easier for active traders. In this category, both brokers are rated 4 out of 5 stars for trading platforms and tools.
The main difference is that Pepperstone offers its own in-house platform, while Fusion Markets does not. That extra option may appeal to traders who want something built by the broker itself. On ForexBrokers.com, Pepperstone ranks higher for trading platforms and tools, placing 21st out of 36 brokers, compared with Fusion Markets at 31st out of 36.
| Feature |
Pepperstone
|
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) | 90 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Fusion Markets both offer mobile trading apps for iPhone and Android, so traders on either platform can manage accounts from a phone or tablet. Each app also supports drawing trendlines and automatically saves chart drawings, which makes it easier to pick up where you left off. On the charting side, Fusion Markets has a slight edge with 32 technical studies, compared with Pepperstone’s 30.
Where Pepperstone pulls ahead is in everyday trading tools. Its mobile app includes price alerts and watchlist syncing, so changes made on the app can carry over to the client’s online account and vice versa. Fusion Markets does not offer these features in its app. That difference helps explain why Pepperstone is rated 4 out of 5 stars for mobile trading apps and ranks #19 out of 36 brokers, while Fusion Markets is rated 3.5 stars and ranks #32.
| Feature |
Pepperstone
|
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.
Pepperstone has the edge in market research overall, thanks to daily market commentary, news from top-tier sources such as Bloomberg and Reuters, a sentiment tool that shows long and short positioning, and an economic calendar for tracking key global events. It is rated 4.5 out of 5 stars for Research and ranks #13 out of 36 brokers at ForexBrokers.com, which reflects a stronger research setup for traders who want more built-in market insight. Fusion Markets also provides forex news from major sources and an economic calendar, but it does not offer daily market commentary or a sentiment tool, and it is rated 4.0 stars for Research, ranking #24 out of 36.
Neither broker includes research tools from Autochartist, Trading Central, TipRanks, or Acuity Trading, so the main difference comes down to Pepperstone’s extra commentary and sentiment features. For traders who want a clearer read on market mood and more regular analysis, Pepperstone offers the more useful research experience, while Fusion Markets covers the basics well but with fewer added features.
| Feature |
Pepperstone
|
Fusion Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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.
Pepperstone and Fusion Markets both give beginners a decent starting point, but Pepperstone has the edge for overall learning support. Pepperstone offers forex and CFD education with at least 10 learning pieces, holds online client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. It is rated 4.5 out of 5 for Education and ranks #15 out of 36 brokers by ForexBrokers.com, which points to a stronger mix of learning tools for new traders.
Fusion Markets also offers forex and CFD education with at least 10 learning pieces, and it matches Pepperstone with 10 or more beginner videos and 10 or more advanced videos. However, it does not offer monthly online webinars, which may matter for beginners who prefer live teaching and Q&A. Fusion Markets is rated 4.0 out of 5 for Education and ranks #22 out of 36, so while it still provides useful beginner content, Pepperstone comes out ahead for traders who want more ways to learn.
| Feature |
Pepperstone
|
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 Pepperstone is better than Fusion Markets. Pepperstone finished with an overall rank of #17, while Fusion Markets finished with an overall rank of #35.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Fusion Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 71 |
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Pepperstone lets you buy both actual delivered cryptocurrency and cryptocurrency CFDs, while Fusion Markets only offers cryptocurrency CFDs and does not provide access to buying actual cryptocurrency.
Pepperstone and Fusion Markets both support ACH or SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, making them similarly flexible for funding and account transfers, while neither appears to offer Visa or Mastercard payments.
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 | Pepperstone | Fusion Markets | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Fusion Markets Review |
| Broker Screenshots | Pepperstone | Fusion Markets | |
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| Regulation | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Trust Score | 94 | 71 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | 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) | 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) | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 2631 | 250 | |
| Forex Pairs (Total) | 65 | 81 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | 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 | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.1 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.54 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | Yes |
| Funding | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $10 | $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 | Pepperstone | 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 | Yes | Yes |
| Trading Tools | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | 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 | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Fusion Markets | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Pepperstone Review | Fusion Markets Review |
| Overall | Pepperstone | Fusion Markets | |
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| Trust Score | 94 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Fusion Markets Review |
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