Written by ForexBrokers.com
In this head to head comparison of StoneX Trading 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.
StoneX Trading and Fusion Markets differ notably in both company history and regulation. StoneX Trading was founded in 1983, is publicly traded, and is not a bank. It holds 7 Tier-1 licenses and 1 Tier-2 license, and ForexBrokers.com gives it a Trust Score of 99 out of 99, which falls in the highly trusted range. Fusion Markets, founded in 2019, is privately held and also not a bank. It holds 1 Tier-1 license and no Tier-2 licenses.
For traders comparing online brokers, regulation can be a key factor in choosing between StoneX Trading and Fusion Markets. StoneX Trading’s longer track record, public listing, and larger number of top-tier licenses help support its much higher Trust Score. Fusion Markets still has regulated status, but its Trust Score of 71 places it in the average risk range by ForexBrokers.com’s standards.
| Feature |
StoneX Trading
|
Fusion Markets
|
|---|---|---|
| Year Founded | 1983 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
StoneX Trading offers commissions and fees that are about average for CFDs, forex, and spread betting, with the best pricing usually available on its own platforms or MetaTrader. In the CFD account, StoneX showed an average EUR/USD spread of 0.74 pips as of July 2023, which keeps overall trading costs close to the industry norm. Active traders may also qualify for rebates, with U.K. professional traders starting at £4 per million and rising to £7.5 per million, while Australia-based traders can receive rebates from AUD $4.5 per million up to AUD $14.5 per million. StoneX Trading is rated 4.5 out of 5 stars for commissions and fees and is ranked #16 out of 36 brokers by ForexBrokers.com.
Fusion Markets takes a lower-cost approach and offers two account types: Zero and Classic. The Zero account uses raw spreads starting at 0.0 pips plus a separate commission, which Fusion says can work out to about 0.5 pips all-in for many traders. The Classic account keeps pricing simpler by putting the fee into the spread, with spreads starting at 0.9 pips. This makes Zero better for active traders looking for the lowest possible cost, while Classic may suit newer traders who prefer simpler pricing.
Compared with StoneX Trading, Fusion Markets is the cheaper option for many forex traders, especially those who trade often and want very tight spreads. StoneX is still competitive, but its costs are more in line with the market average rather than the lowest end of the range. Fusion Markets earns 5.0 out of 5 stars for commissions and fees, but a ForexBrokers.com ranking was not provided for this category.
| Feature |
StoneX Trading
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | £100.00 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
StoneX Trading offers a much wider range of investments than Fusion Markets, with 13,500 tradeable symbols compared with 250. It also provides 66 forex pairs, while Fusion Markets lists 81 forex pairs, so Fusion Markets has the edge on currency choice even though StoneX Trading has far more overall instruments. Both brokers offer forex trading, copy trading, and cryptocurrency CFDs, but neither lets clients buy actual cryptocurrency or trade real shares on U.S. or international exchanges.
For range of investments, StoneX Trading is rated 5 out of 5 stars and ranks #8 out of 36 brokers on ForexBrokers.com, while Fusion Markets is rated 3.5 out of 5 stars and does not have a published rank in this category. If you want the broker with the broader market selection overall, StoneX Trading is the stronger pick; if you care more about forex pair count, Fusion Markets offers more choices there.
| Feature |
StoneX Trading
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 13500 | 250 |
| Forex Pairs (Total) | 66 | 81 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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.
StoneX Trading and Fusion Markets both give traders a strong range of platform choices, including a free demo account, web-based trading, Windows desktop software, copy trading, MetaTrader 4, and the ability to place trades directly from charts. The main difference is that StoneX Trading also offers its own in-house platform, while Fusion Markets does not. Fusion Markets does, however, add MetaTrader 5, which StoneX Trading does not support. For traders who want platform variety, both brokers cover the basics well, but Fusion Markets has the edge for MT5 users and StoneX Trading stands out for its proprietary software.
In ForexBrokers.com’s Trading Platforms and Tools category, StoneX Trading is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers, while Fusion Markets is rated 4.0 out of 5 stars. That makes StoneX Trading the stronger pick overall for platform and tool quality, especially if you value an added broker-built platform. Still, Fusion Markets remains a solid choice for traders who want MT4 and MT5 alongside desktop and browser access in a simple, easy-to-use setup.
| Feature |
StoneX Trading
|
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) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and Fusion Markets both make it easy to trade on the go with iPhone and Android apps, plus tools for drawing trendlines and automatically saving chart drawings. Both mobile platforms cover the basics well, but StoneX Trading stands out with extra features that can matter day to day, including stock and forex price alerts and watchlist syncing between the mobile app and online account. StoneX Trading also offers 88 technical studies in its mobile charting, compared with 32 at Fusion Markets.
For mobile trading app quality, StoneX Trading has the edge overall. It holds a 4.5-star rating and ranks #9 out of 36 brokers in the Mobile Trading Apps category at ForexBrokers.com, while Fusion Markets is rated 3.5 stars and does not have a listed ranking in that category. If you want a broker with more mobile charting tools, alerts, and watchlist syncing, StoneX Trading is the stronger pick; if you mainly need a simple app on iPhone or Android, Fusion Markets still covers the essentials.
| Feature |
StoneX Trading
|
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 | 88 | 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, StoneX Trading offers more built-in tools than Fusion Markets. StoneX provides daily market commentary, forex news from top sources like Reuters and Dow Jones, Trading Central analysis, a sentiment tool showing long and short positions, and an economic calendar. Fusion Markets also includes forex news and an economic calendar, but it does not offer daily market commentary, Trading Central, or a sentiment tool. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools.
Overall, StoneX Trading has the edge for traders who want more market insight in one place. That shows in its research rating of 4.5 stars and its #10 ranking out of 36 brokers for the Research category at ForexBrokers.com. Fusion Markets is still a solid option for basic market updates, with a 4.0-star research rating, but it has fewer research features for traders who want more analysis and trading ideas.
| Feature |
StoneX Trading
|
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 | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn the basics of trading, StoneX Trading has the edge in education. It offers forex and CFD learning content with at least 10 pieces focused on those markets, plus monthly educational webinars, which can be helpful for newer traders who want live guidance. StoneX Trading also provides at least 10 beginner videos and 10 advanced videos, making it a good fit for both new and more experienced users. It is rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers in the ForexBrokers.com Education category.
Fusion Markets also supports learning with at least 10 beginner videos and 10 advanced videos, so it still gives traders useful material to build skills. However, it does not offer monthly educational client webinars, and there is no listed ForexBrokers.com Education rank. Its Education rating is 4.0 out of 5 stars. Overall, StoneX Trading appears stronger for beginners who want more structured forex and CFD education, while Fusion Markets offers a solid but lighter learning experience.
| Feature |
StoneX Trading
|
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 StoneX Trading is better than Fusion Markets. StoneX Trading finished with an overall rank of #8, while Fusion Markets finished with an overall rank of #N/A.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
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Fusion Markets
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| Trust Score | 99 | 71 |
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StoneX Trading and Fusion Markets both let traders access cryptocurrency CFDs, but neither broker offers the ability to buy actual, delivered cryptocurrency.
StoneX Trading and Fusion Markets both support ACH or SEPA transfers, PayPal, and bank wires for depositing or withdrawing funds, but Fusion Markets has the edge on payment flexibility by also offering Skrill, which StoneX Trading does not.
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 | StoneX Trading | Fusion Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Fusion Markets Review |
| Broker Screenshots | StoneX Trading | Fusion Markets | |
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| Regulation | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1983 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | 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 | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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) | StoneX Trading | 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 | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 13500 | 250 | |
| Forex Pairs (Total) | 66 | 81 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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 | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.54 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | ||
| Order execution: Market Maker | Yes |
| Funding | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $0.00 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | StoneX Trading | 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) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | 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 | 88 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | StoneX Trading | 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 | StoneX Trading Review | Fusion Markets Review |
| Overall | StoneX Trading | Fusion Markets | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Fusion Markets Review |
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