IC Markets
IC Markets vs Fusion Markets
IC Markets vs Fusion Markets: IC Markets offers raw spreads from 0.0 pips on MT4, MT5, cTrader and TradingView; Fusion Markets offers no minimum deposit, a Zero account at
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IC Markets is a raw-spread broker with ASIC and CySEC licences in its group, four platforms and no minimum deposit at its global company. 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 $7 |
| No inactivity fee | IC 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
| IC Markets | Fusion Markets | |
|---|---|---|
| Operating since | ASIC licence since 2009 | 2019 |
| Company for international clients | Raw Trading Ltd, licensed by the FSA in Seychelles (SD018) | Fusion Markets International, licensed by the FSA in Seychelles (SD096) |
| Regulators in the group | ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya | ASIC (385620), FSA Seychelles, VFSC |
| Minimum deposit | None at the global company; $200 at the Australian company | No minimum |
| Commission-free spreads | Standard from 0.8 pips | Classic from 0.9 pips |
| Raw-spread account | Raw Spread from 0.0 pips (EUR/USD average 0.1) plus $3.50 per side | Zero from 0.0 pips plus $2.25 per side |
| Maximum leverage | 1:5000 on forex at the global company (tiered by position size); 1:30 in Australia and the EU | 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 | IC Social, cTrader Copy, ZuluTrade and Signal Start | Fusion+ and DupliTrade |
| Inactivity fee | Not listed | Up to $10 a year after 12 months without transactions |
| Withdrawal fee | None from IC Markets | None from Fusion Markets |
| Swap-free | Swap-free accounts with a flat holding fee | Swap-free account with a weekly admin fee |
| Bonus | 100% first-deposit bonus up to $1,000, then 50% (global company) | 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
IC Markets’ group holds ASIC and CySEC licences plus offshore licences in Seychelles, the Bahamas and Kenya. International clients are served by its Seychelles company, where IC says client money is insured up to US$1,000,000. CySEC fined its EU company €250,000 in 2024, which the company has taken to judicial review.
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, IC Markets lists: Standard from 0.8 pips. 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. IC Markets: Raw Spread from 0.0 pips (EUR/USD average 0.1) plus $3.50 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.
IC Markets lists no inactivity fee. Fusion Markets’s inactivity fee: Up to $10 a year after 12 months without transactions. Withdrawal fees: IC Markets: none from IC Markets; Fusion Markets: none from Fusion Markets.
Platforms and Copy Trading
IC Markets offers MT4, MT5, cTrader and TradingView. Fusion Markets offers MT4, MT5, cTrader and TradingView.
IC Markets’s copy trading: IC Social, cTrader Copy, ZuluTrade and Signal Start. 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
IC Markets’s maximum leverage: 1:5000 on forex at the global company (tiered by position size); 1:30 in Australia and the EU. 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 IC Markets if:
- You trade often and want raw spreads
- 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, IC Markets or Fusion Markets? They are level: IC Markets: none at the global company; $200 at the Australian company; Fusion Markets: no minimum.
How are IC Markets and Fusion Markets regulated? IC Markets’s international clients deal with Raw Trading Ltd, licensed by the FSA in Seychelles (SD018). Fusion Markets’s deal with Fusion Markets International, licensed by the FSA in Seychelles (SD096). Group regulators: IC Markets: ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya; Fusion Markets: ASIC (385620), FSA Seychelles, VFSC.
Which is cheaper to trade with? It depends on the account. Commission-free: IC Markets: Standard from 0.8 pips; Fusion Markets: Classic from 0.9 pips. Raw accounts: IC Markets: Raw Spread from 0.0 pips (EUR/USD average 0.1) plus $3.50 per side; Fusion Markets: Zero from 0.0 pips plus $2.25 per side.
Does either charge an inactivity fee? IC Markets: not listed. Fusion Markets: Up to $10 a year after 12 months without transactions.
Do both offer copy trading? IC Markets: IC Social, cTrader Copy, ZuluTrade and Signal Start. Fusion Markets: Fusion+ and DupliTrade.
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