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 traders looking for low commissions and fees, but they use different pricing styles. Pepperstone’s Razor account is built for active traders and offers raw spreads plus a commission, with an average EUR/USD spread of 0.10 pips and an estimated all-in cost of 0.80 pips. Its Standard account is easier to understand because it has no commission, but the average EUR/USD spread of 1.1 pips makes it the pricier option overall. Pepperstone’s Active Trader program can also lower costs for high-volume traders through spread rebates. Pepperstone is rated 5 stars and ranks #6 out of 36 brokers for commissions and fees.
Fusion Markets also keeps costs low, especially on its Zero account, which uses raw spreads starting at 0.0 pips plus a separate commission. Fusion says the typical all-in cost is around 0.5 pips, making it a very competitive option for frequent traders. Its Classic account is simpler, with commission built into the spread, but spreads start at 0.9 pips, so it costs more than Zero. Fusion Markets is rated 5.0 stars for commissions and fees, though a ForexBrokers.com ranking was not listed.
In simple terms, Pepperstone may appeal more to traders who want a well-known broker with a clear active-trader discount system, while Fusion Markets is often the better pick for those focused on the lowest possible trading costs. If you trade often and want the tightest pricing, Fusion’s Zero account is hard to beat. If you want a broker with a top-tier rating, low fees, and a strong rebate program for larger volumes, Pepperstone is also a solid option.
| 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 range of investments overall than Fusion Markets, with 2,631 tradeable symbols compared with 250. It also provides 65 forex pairs, while Fusion Markets offers 81, so Fusion has the edge for currency pair choice even though Pepperstone covers many more markets in total. Both brokers offer forex trading as CFDs, and neither provides exchange-traded securities on U.S. or international stock exchanges, so you cannot buy real shares such as Apple or Vodafone through either platform.
For extra features, both brokers support copy trading and cryptocurrency CFDs. Pepperstone also lets clients buy actual cryptocurrency, while Fusion Markets does not. Reflecting this broader market access, Pepperstone is rated 4 out of 5 stars for Range of Investments and ranks #23 out of 36 brokers at ForexBrokers.com, compared with Fusion Markets’ 3.5-star rating and no listed ranking in this category.
| 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 strong set of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, MetaTrader 4, MetaTrader 5, copy trading, and the ability to place trades directly from charts. This means either broker can suit traders who want to practice first, trade from a browser, or use popular third-party platforms across different devices.
The main difference is that Pepperstone also offers its own in-house platform, while Fusion Markets does not. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers are rated 4 out of 5 stars, but Pepperstone is ranked #21 out of 36 brokers, while Fusion Markets does not have an overall rank listed for this category. For traders comparing tools and platform variety, Pepperstone has a slight edge because of its proprietary platform, while both brokers remain closely matched in most other areas.
| 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 give traders mobile access on iPhone and Android, so either broker can work well if you want to manage trades on the go. Both apps also let you draw trendlines and automatically save those drawings on charts, which is helpful for tracking your ideas over time. When it comes to charting tools, Fusion Markets offers 32 technical studies in its mobile app, slightly more than Pepperstone’s 30.
The bigger differences show up in everyday convenience. Pepperstone offers stock and forex price alerts, while Fusion Markets does not. Pepperstone also supports watchlist symbol syncing, so changes made in the mobile app and your online account stay aligned, but Fusion Markets does not offer that feature. These extras help explain why Pepperstone is rated 4 out of 5 stars for mobile trading apps and ranked #19 out of 36 brokers by ForexBrokers.com, while Fusion Markets is rated 3.5 out of 5 stars and does not have a listed ranking in this category.
| 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 offers a stronger market research experience than Fusion Markets, especially for traders who want more day-to-day insight. Pepperstone provides daily market commentary, news from top-tier sources like Bloomberg and Reuters, a sentiment tool that shows how traders are positioned, and an economic calendar with upcoming global events. It also earns a higher research rating of 4.5 out of 5 and is ranked #13 out of 36 brokers by ForexBrokers.com for research.
Fusion Markets also gives traders access to forex news from major sources and an economic calendar, but it does not offer daily market commentary or a sentiment tool. Neither broker includes Autochartist, Trading Central, TipRanks, or Acuity Trading tools. Overall, if you want more built-in market analysis and trader sentiment features, Pepperstone has the edge for research.
| 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 is the stronger choice for beginners who want more help learning the basics of forex and CFD trading. It offers forex or CFD education, monthly online client webinars, and at least 10 beginner videos, along with 10 advanced videos for traders who want to go further. It is also rated 4.5 out of 5 stars for Education and ranks #15 out of 36 brokers on ForexBrokers.com in this category.
Fusion Markets also gives beginners useful learning material, including at least 10 beginner videos and 10 advanced videos on trading topics. However, it does not offer monthly online webinars, and its education rating is lower at 4.0 out of 5 stars. For new traders looking for more guided learning and regular live sessions, Pepperstone has the edge.
| 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 #N/A.
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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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