IC Markets
FP Markets vs Fusion Markets
FP Markets vs Fusion Markets: FP Markets offers raw spreads for US$3 per side on MT4, MT5, cTrader and TradingView; Fusion Markets offers no minimum deposit, a Zero account at
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FP Markets is a raw-spread broker that has traded since 2005, with ASIC and CySEC licences in its group, four platforms and more than 10,000 CFDs. Fusion Markets has no minimum deposit, a Zero account from 0.0 pips at $2.25 per side, and MT4, MT5, cTrader and TradingView. The better fit depends on where you live, how often you trade and which company would hold your account.
Quick Answer
| Best for | Winner | Why |
|---|---|---|
| Raw-account commission | Fusion Markets | About $4.50 per lot round turn against $6 |
| No inactivity fee | FP Markets | Fusion Markets: Up to $10 a year after 12 months without transactions |
A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.
Comparison Table
| FP Markets | Fusion Markets | |
|---|---|---|
| Operating since | 2005 | 2019 |
| Company for international clients | FP Markets Ltd, registered in Saint Lucia (a registration, not a licence) | Fusion Markets International, licensed by the FSA in Seychelles (SD096) |
| Regulators in the group | ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration | ASIC (385620), FSA Seychelles, VFSC |
| Minimum deposit | None stated | No minimum |
| Commission-free spreads | Standard from 1.0 pip (EUR/USD average 1.2) | Classic from 0.9 pips |
| Raw-spread account | Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side | Zero from 0.0 pips plus $2.25 per side |
| Maximum leverage | 1:500 | Up to 1:500 on request for international clients; 1:30 on major pairs for ASIC retail clients |
| Platforms | MT4, MT5, cTrader, TradingView | MT4, MT5, cTrader, TradingView |
| Copy trading | Social Trading on MT4 and MT5; cTrader Copy | Fusion+ and DupliTrade |
| Inactivity fee | None | Up to $10 a year after 12 months without transactions |
| Withdrawal fee | None on bank wires from FP Markets | None from Fusion Markets |
| Swap-free | Islamic accounts with admin fees after a grace period | Swap-free account with a weekly admin fee |
| Bonus | None; Refer a Friend only | None |
Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.
Regulation and Safety
FP Markets’ group is regulated by ASIC in Australia and CySEC in Cyprus, and its site also names the FSCA in South Africa and the FSA in Seychelles. Many international clients, however, are placed with FP Markets Ltd, which is registered in Saint Lucia and is not a member of an investor compensation fund.
Fusion Markets was founded in Melbourne in 2019. Its Australian company holds an ASIC licence (385620); international clients join Fusion Markets International, licensed by the FSA in Seychelles (SD096), or its Vanuatu company. Client money is held in segregated trust accounts with National Australia Bank, and retail clients get negative balance protection.
Both groups hold top-tier licences, but those protect only the clients of the licensed companies. What matters is which company your country places you with, so check your client agreement before you deposit.
Trading Costs
On commission-free accounts, FP Markets lists: Standard from 1.0 pip (EUR/USD average 1.2). Fusion Markets lists: Classic from 0.9 pips. “From” figures are minimums, so expect wider live spreads, especially around news.
Both offer a raw-spread account. FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side. Fusion Markets: Zero from 0.0 pips plus $2.25 per side. For frequent traders, a raw account usually costs less per trade than a spread-only one.
FP Markets lists no inactivity fee. Fusion Markets’s inactivity fee: Up to $10 a year after 12 months without transactions. Withdrawal fees: FP Markets: none on bank wires from FP Markets; Fusion Markets: none from Fusion Markets.
Platforms and Copy Trading
FP Markets offers MT4, MT5, cTrader and TradingView. Fusion Markets offers MT4, MT5, cTrader and TradingView.
FP Markets’s copy trading: Social Trading on MT4 and MT5; cTrader Copy. Fusion Markets’s copy trading: Fusion+ and DupliTrade. Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.
Leverage
FP Markets’s maximum leverage: 1:500. Fusion Markets’s: Up to 1:500 on request for international clients; 1:30 on major pairs for ASIC retail clients.
A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.
Which One Should You Choose?
Go with FP Markets if:
- You trade often and want raw spreads with a low commission
- You want cTrader or TradingView
- You want a group with ASIC and CySEC licences
Go with Fusion Markets if:
- You want to start with no minimum deposit
- You want low raw-account commissions at $2.25 per side
- You want cTrader or TradingView
Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.
FAQ
Which has the lower minimum deposit, FP Markets or Fusion Markets? They are level: FP Markets: none stated; Fusion Markets: no minimum.
How are FP Markets and Fusion Markets regulated? FP Markets’s international clients deal with FP Markets Ltd, registered in Saint Lucia (a registration, not a licence). Fusion Markets’s deal with Fusion Markets International, licensed by the FSA in Seychelles (SD096). Group regulators: FP Markets: ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration; Fusion Markets: ASIC (385620), FSA Seychelles, VFSC.
Which is cheaper to trade with? It depends on the account. Commission-free: FP Markets: Standard from 1.0 pip (EUR/USD average 1.2); Fusion Markets: Classic from 0.9 pips. Raw accounts: FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side; Fusion Markets: Zero from 0.0 pips plus $2.25 per side.
Does either charge an inactivity fee? FP Markets: none. Fusion Markets: Up to $10 a year after 12 months without transactions.
Do both offer copy trading? FP Markets: Social Trading on MT4 and MT5; cTrader Copy. Fusion Markets: Fusion+ and DupliTrade.
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