Written by ForexBrokers.com
In this head to head comparison of IC Markets 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.
IC Markets and Fusion Markets are both private online brokers that are not publicly traded and are not banks. IC Markets was founded in 2007, while Fusion Markets launched in 2019. In terms of regulation, IC Markets holds 2 Tier-1 licenses and 0 Tier-2 licenses, giving it a ForexBrokers.com Trust Score of 83 out of 99, which places it in the trusted range. Fusion Markets holds 1 Tier-1 license and 0 Tier-2 licenses, with a Trust Score of 71 out of 99, which is considered average risk.
For traders comparing safety and oversight, IC Markets has the stronger regulatory profile and a higher trust rating than Fusion Markets. Both brokers remain unlisted and privately owned, but IC Markets has been operating longer and is backed by more top-tier regulation, which may matter to users looking for a more established broker with stronger oversight.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Year Founded | 2007 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
IC Markets and Fusion Markets both stand out for low trading costs, but they use slightly different pricing models. IC Markets offers a commission-free Standard account plus commission-based Raw Spread and cTrader Raw Spread accounts. Its EUR/USD pricing can be very tight, and the all-in cost on the commission-based accounts is competitive with top low-cost brokers. IC Markets also gives discounts to active traders who trade more than 100 standard lots per month. In our Commissions & Fees rating, IC Markets earns 5 stars and ranks #4 out of 36 brokers.
Fusion Markets also keeps fees low, with two main account types: Zero and Classic. The Zero account uses raw spreads plus a separate commission, and Fusion says this is its most popular option for traders who want the lowest possible price. The Classic account is simpler, with the commission built into the spread, but the spread is wider. In practice, Fusion’s Zero account can work out to around 0.5 pips all-in, making it a strong choice for cost-conscious traders. Fusion Markets earns 5.0 stars and ranks #7 out of 36 brokers for Commissions & Fees.
Overall, IC Markets is the better pick for traders who want very low all-in costs and more platform-based pricing options, while Fusion Markets may appeal to those who want simple low-cost trading with either raw-spread-plus-commission or spread-only pricing. Both brokers are strong choices for forex traders focused on commissions and fees, but IC Markets has the slight edge in our ranking.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Minimum Deposit | $200 | $0.00 |
| Average spread (EUR/USD) - Spread-only account | 0.8 | 0.91 |
| All-in Cost EUR/USD - Raw spread account | 0.72 | 0.54 |
| Non-wire bank transfer (Deposit/Withdraw) | No | 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 range of investments, IC Markets offers a much wider selection than Fusion Markets. IC Markets lists 7,435 tradeable symbols, compared with 250 at Fusion Markets, which gives traders far more choice across markets. That said, Fusion Markets offers more forex pairs, with 81 available versus 61 at IC Markets. Both brokers provide forex trading as CFDs, support copy trading, and let clients trade cryptocurrency CFDs, but neither offers direct ownership of U.S. or international exchange-traded shares, or actual delivered cryptocurrency.
Overall, IC Markets has the edge for investment variety, earning 4.5 out of 5 stars for Range of Investments and ranking #22 out of 36 brokers at ForexBrokers.com. Fusion Markets scores 3.5 stars and ranks #36 out of 36 in the same category. In simple terms, IC Markets is the better pick for traders who want a broader selection of markets, while Fusion Markets may appeal to those mainly focused on forex pairs.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | |
| Tradeable Symbols (Total) | 7435 | 250 |
| Forex Pairs (Total) | 61 | 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.
IC Markets and Fusion Markets are closely matched when it comes to trading platforms and tools. Both brokers offer free demo accounts for simulated trading, along with popular platform choices like MetaTrader 4 and MetaTrader 5, plus access through desktop download and web-based platforms. Each also supports copy trading and lets you place trades directly from charts, making both options suitable for traders who want flexible ways to manage their positions.
Neither broker offers a proprietary in-house platform, so you won’t find a custom-built trading app from either one. In ForexBrokers.com’s Trading Platforms and Tools category, both are rated 4 out of 5 stars, but IC Markets holds the stronger ranking overall at #17 out of 36 brokers, compared with Fusion Markets at #31. For traders comparing platform choice and everyday usability, both are solid picks, with IC Markets appearing slightly ahead in the overall review standings.
| Feature |
IC Markets
|
Fusion Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | 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) | 32 | 31 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and Fusion Markets both make it easy to trade on the go with iPhone and Android apps, plus each app offers 32 technical studies, trendline drawing, and auto-saving of chart drawings. Neither broker provides watchlist symbol syncing between the mobile app and online account, so changes do not carry over automatically. For everyday chart use, the two platforms are quite similar.
The biggest difference is that IC Markets has stock and forex price alerts in its mobile app, while Fusion Markets does not. That extra feature helps IC Markets stand out for active traders who want quick updates. It also has the edge in overall mobile app reviews, with a 4-star rating and a #22 ranking out of 36 brokers from ForexBrokers.com, compared with Fusion Markets at 3.5 stars and #32.
| Feature |
IC Markets
|
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 | 32 | 32 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IC Markets has the edge in market research because it offers daily market commentary, Trading Central tools, sentiment data, and TipRanks insights, in addition to forex news from top sources and an economic calendar. Fusion Markets also provides forex news from major providers and an economic calendar, but it does not include daily commentary, Trading Central, sentiment tools, or TipRanks. Neither broker offers Autochartist or Acuity Trading tools.
Both brokers are rated 4 stars for Research, but IC Markets is ranked higher by ForexBrokers.com at #21 out of 36, compared with Fusion Markets at #24. For traders who want more built-in analysis and market insight, IC Markets looks stronger, while Fusion Markets covers the basics well but offers fewer research features overall.
| Feature |
IC Markets
|
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 | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn the basics of forex and CFDs, IC Markets and Fusion Markets both offer a solid range of educational content. Each broker provides at least 10 beginner videos, along with at least 10 advanced videos for traders who want to go deeper. Both are also rated 4 out of 5 stars for Education, which suggests that each has useful learning material for new traders as well as more experienced ones.
IC Markets has the edge when it comes to live learning support, since it offers online educational webinars at least once a month, while Fusion Markets does not. IC Markets is also ranked higher for Education by ForexBrokers.com, coming in at #16 out of 36 brokers, compared with Fusion Markets at #22. If webinars and a slightly stronger education ranking matter to you, IC Markets is the better pick, though Fusion Markets still gives beginners a decent set of videos to start with.
| Feature |
IC Markets
|
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 IC Markets is better than Fusion Markets. IC Markets finished with an overall rank of #21, while Fusion Markets finished with an overall rank of #35.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
| Feature |
IC Markets
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Fusion Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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IC Markets and Fusion Markets both allow traders to speculate on cryptocurrency price movements through crypto CFDs, but neither online broker offers the ability to buy actual, delivered cryptocurrency.
When comparing IC Markets vs Fusion Markets for funding options, both brokers support PayPal, Skrill, and bank wire transfers, but only Fusion Markets offers ACH or SEPA transfers for deposits and withdrawals, giving it a slight edge for clients who prefer local bank transfer methods.
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 | IC Markets | Fusion Markets | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Fusion Markets Review |
| Broker Screenshots | IC Markets | Fusion Markets | |
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| Regulation | IC Markets | Fusion Markets | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2007 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | 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) | No | 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) | IC Markets | 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | ||
| Tradeable Symbols (Total) | 7435 | 250 | |
| Forex Pairs (Total) | 61 | 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.8 | 0.91 | |
| All-in Cost EUR/USD - Raw spread account | 0.72 | 0.54 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | ||
| Order execution: Market Maker | Yes |
| Funding | IC Markets | Fusion Markets | |
|---|---|---|---|
| Minimum Deposit | $200 | $0.00 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | IC Markets | Fusion Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | 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 | IC Markets | Fusion Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 32 | 31 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | 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 | 32 | 32 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | IC Markets | Fusion Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | Fusion Markets | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | IC Markets | Fusion Markets | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | IC Markets Review | Fusion Markets Review |
| Overall | IC Markets | Fusion Markets | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Fusion Markets Review |
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