Written by ForexBrokers.com
In this head to head comparison of Saxo 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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Saxo and Fusion Markets are both private companies and are not listed on a stock exchange, but they differ a lot in their regulatory standing. Saxo was founded in 1992 and is also a bank, while Fusion Markets was founded much later in 2019 and is not a bank. For traders comparing safety and oversight, Saxo has 7 Tier-1 licenses and 1 Tier-2 license, which gives it a much stronger regulatory profile than Fusion Markets.
That difference shows up in their ForexBrokers.com Trust Score ratings as well. Saxo scores 99 out of 99, placing it in the highly trusted category, while Fusion Markets scores 71 out of 99, which falls into the average risk range. If regulation and trust are your main priorities, Saxo stands out as the stronger choice, while Fusion Markets offers a newer option with fewer top-tier licenses.
| Feature |
Saxo
|
Fusion Markets
|
|---|---|---|
| Year Founded | 1992 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo and Fusion Markets both score top marks for commissions and fees, but they price trades a little differently. Saxo is rated 5 stars and ranks #8 out of 36 brokers for this category. Its pricing is especially attractive for active traders, high-volume traders, and larger balances, with the best savings in the Platinum and VIP tiers. Saxo’s Classic account has average EUR/USD spreads of 1.1 pips, while Platinum and VIP average 1.0 and 0.9 pips, respectively. Saxo is also commission-free on forex, though traders who place fewer than 50,000 units per month are charged a $3 per-side ticket fee.
Fusion Markets is also rated 5.0 stars for commissions and fees, though its ForexBrokers.com ranking for this category is not available. Fusion’s Zero account is built for low-cost trading, with raw spreads starting at 0.0 pips plus a separate commission, which Fusion says works out to about 0.5 pips in total for many trades. Its Classic account is simpler, with no separate commission, but spreads start at 0.9 pips. In plain terms, Fusion gives traders a choice between ultra-low pricing with commissions or easier pricing built into the spread.
Overall, Saxo is a strong fit for traders who can qualify for higher account tiers and want lower costs on larger activity, while Fusion Markets is appealing to cost-conscious traders who want very low entry pricing and simple account options. Saxo also waives custody fees for share trading when clients opt into securities lending, which can add extra value for some investors.
| Feature |
Saxo
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a much wider range of investments than Fusion Markets. Saxo provides access to 71,000 tradeable symbols and 192 forex pairs, while Fusion Markets lists 250 symbols and 81 forex pairs. Both brokers offer forex trading and cryptocurrency CFDs, but neither supports buying actual cryptocurrency. Saxo also lets clients trade exchange-listed shares on both U.S. and international markets, such as Apple and Vodafone, while Fusion Markets does not offer these exchange-traded securities.
In other areas, the two brokers differ as well. Fusion Markets offers copy trading, which Saxo does not. Based on range of investments, Saxo is rated 5 stars and ranked #3 out of 36 brokers by ForexBrokers.com, while Fusion Markets is rated 3.5 stars and does not have a published ranking in this category. For traders who want the broadest selection of markets and instruments, Saxo is the stronger choice.
| Feature |
Saxo
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 71000 | 250 |
| Forex Pairs (Total) | 192 | 81 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | 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.
Saxo and Fusion Markets both give traders a choice of desktop and web-based platforms, plus free demo accounts for practice before risking real money. Each also lets users trade directly from charts, which can make it easier to place orders while reviewing price action. In Trading Platforms and Tools, Saxo stands out with its own in-house platform and a top-tier 5-star rating, while also ranking #3 out of 36 brokers by ForexBrokers.com in this category.
Fusion Markets takes a different route by focusing on popular third-party tools rather than a proprietary platform. It supports MetaTrader 4 and MetaTrader 5, and it also offers copy trading, which may appeal to traders who want to follow others or use familiar MT4 and MT5 features. Overall, Fusion Markets earns a 4.0-star rating for trading platforms and tools, making it a solid option for traders who want flexible platform access and social trading features.
| Feature |
Saxo
|
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) | 64 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Fusion Markets both offer mobile trading apps for iPhone and Android, so traders can manage accounts from either device type. Both apps also let users draw trendlines on charts and automatically save those drawings, which helps keep chart work intact when switching between sessions. But Saxo has a clear edge in a few important areas: it offers stock and forex price alerts, while Fusion Markets does not, and Saxo also syncs watchlists between its mobile app and online account, which Fusion Markets does not support.
When it comes to charting tools, Saxo again comes out ahead with 64 technical studies in its mobile app compared with 32 at Fusion Markets. That broader chart selection, along with Saxo’s 5-star mobile app rating and #3 ranking out of 36 brokers by ForexBrokers.com, suggests a stronger all-around mobile experience. Fusion Markets is still a workable option for basic mobile trading, but its 3.5-star rating and lack of alerts and watchlist syncing may matter for traders who want more convenience and features on the go.
| Feature |
Saxo
|
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 | 64 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo offers a stronger market research setup than Fusion Markets. Saxo provides daily market commentary, research from top-tier news sources like Bloomberg and Reuters, and Autochartist tools for technical and fundamental analysis. It also includes an economic calendar for tracking upcoming global events. These features help traders stay on top of market moves and spot possible trade ideas more easily.
Fusion Markets still covers some key basics, including forex news from major sources and an economic calendar, but it does not offer daily market commentary or Autochartist. Neither broker includes Trading Central, TipRanks, sentiment tools, or Acuity Trading research. Overall, Saxo is rated higher for research, with 5 stars and a #1 ranking out of 36 brokers, while Fusion Markets is rated 4.0 stars and does not have a listed ForexBrokers.com research rank.
| Feature |
Saxo
|
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 | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner learning tools, Saxo has a clear edge over Fusion Markets. Saxo offers forex and CFDs education with at least 10 relevant pieces, plus monthly online educational webinars, making it easier for new traders to learn in a guided way. It also provides at least 10 beginner videos and at least 10 advanced videos, so users can keep building their skills as they gain experience. Saxo’s education score is 5 out of 5 stars, and it ranks #12 out of 36 brokers for Education on ForexBrokers.com.
Fusion Markets also gives beginners a solid library of learning content, including at least 10 beginner videos and at least 10 advanced videos. However, it does not offer monthly educational webinars, and its forex or CFDs education does not meet the same level of depth as Saxo’s based on the available information. Fusion Markets is rated 4.0 out of 5 stars for Education, and it does not currently have a listed ForexBrokers.com ranking in this category.
| Feature |
Saxo
|
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 Saxo is better than Fusion Markets. Saxo finished with an overall rank of #3, while Fusion Markets finished with an overall rank of #N/A.
Saxo is a multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Fusion Markets
|
|---|---|---|
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| Trust Score | 99 | 71 |
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When comparing Saxo vs Fusion Markets, both brokers do not offer the ability to buy actual delivered cryptocurrency, but each does provide access to cryptocurrency CFDs instead.
When comparing Saxo vs Fusion Markets for funding and withdrawals, Fusion Markets offers more convenient payment options such as ACH/SEPA transfers, PayPal, and Skrill, while both brokers support bank wire transfers.
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 | Saxo | Fusion Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review | Fusion Markets Review |
| Broker Screenshots | Saxo | Fusion Markets | |
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| Regulation | Saxo | Fusion Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1992 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | 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) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Saxo | 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) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Saxo | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 71000 | 250 | |
| Forex Pairs (Total) | 192 | 81 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | 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 | Saxo | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.54 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | Yes |
| Funding | Saxo | 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) | No | Yes |
| Trading Platforms | Saxo | 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 | Saxo | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | 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 | 64 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Saxo | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | 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 | Saxo Review | Fusion Markets Review |
| Overall | Saxo | Fusion Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review | Fusion Markets Review |
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