Fusion Markets vs FP Markets

Fusion Markets is the better choice for most forex-focused traders who prioritise low trading costs, while FP Markets is the stronger all-round broker for traders who want a much wider range of markets. Fusion Markets' Zero Account charges from US$2.25 per side per standard lot and has no broker-set minimum deposit. FP Markets' Raw Account starts from US$3 per side and requires a US$100 minimum deposit. However, FP Markets offers 10,000+ instruments compared with 250+ at Fusion Markets.

For a trader primarily interested in forex, MetaTrader, cTrader or TradingView, Fusion Markets gets our overall vote. For a trader who wants a broader multi-asset offering, particularly a large range of shares and access to Iress, FP Markets is the better fit.

Fusion Markets vs FP Markets at a glance

Fusion Markets confirms 90+ currency pairs and more than 250 financial products. FP Markets advertises 70+ forex pairs and more than 10,000 instruments across its broader product range. Both brokers now offer MT4, MT5, cTrader and TradingView, while FP Markets additionally provides Iress.

Which is cheaper, Fusion Markets or FP Markets?

The Fusion Markets Zero Account charges US$2.25 per side per standard lot, or US$4.50 for a complete round-turn trade, with raw spreads starting from 0.0 pips. FP Markets' Raw Account also starts from 0.0 pips, but its USD-denominated commission is US$3 per side, or US$6 round turn.

That US$1.50 difference per standard-lot round turn looks small until trading volume increases. A trader completing 100 standard-lot round turns would pay approximately US$150 less in headline commission at Fusion Markets, before accounting for differences in spreads, swaps or other trading costs.

The same advantage exists on their simpler commission-free accounts. Fusion Markets says its Classic Account starts from 0.9 pips, while FP Markets' Standard Account starts from 1.0 pip. Actual spreads are variable, so the spread at the moment an order is executed matters more than an advertised minimum.

Independent comparison data points in the same direction. CompareForexBrokers' September 2026 dataset recorded an overall standard-account spread average of 1.12 pips for Fusion Markets versus 1.56 pips for FP Markets across the pairs it measured. That is one external dataset rather than a guarantee of future trading costs, but it reinforces Fusion Markets' advantage on price.

Winner for trading costs: Fusion Markets.

Which broker offers more markets?

FP Markets advertises 10,000+ instruments, including forex, shares, metals, commodities, indices, cryptocurrencies, ETFs and bonds. It also offers Iress, which strengthens its proposition for traders interested in equities and a wider multi-asset setup.

Fusion Markets focuses on a smaller range of 250+ products, including 90+ forex pairs, metals, indices, energy and soft commodities, cryptocurrency CFDs and more than 100 US share CFDs. Its product range is therefore considerably narrower overall, but its 90+ forex pairs exceed the 70+ advertised by FP Markets.

The practical decision is simple. If you mainly trade currencies, Fusion Markets' smaller total product count is unlikely to matter. If you regularly move between forex, equities, ETFs and other markets, FP Markets gives you far more choice.

Winner for market range: FP Markets.

Fusion Markets vs FP Markets trading platforms

Fusion Markets supports MetaTrader 4, MetaTrader 5, cTrader and TradingView. Its TradingView integration uses cTrader infrastructure for execution, allowing traders to place trades from TradingView charts.

FP Markets also supports MT4, MT5, cTrader and TradingView, alongside WebTrader, mobile trading options and Iress. The addition of Iress gives FP Markets the broader platform ecosystem, particularly for traders whose requirements extend beyond conventional forex and CFD trading.

For an MT4, MT5, cTrader or TradingView trader, this category is effectively a draw. FP Markets wins only if its additional platforms and trading tools are useful to your strategy.

Winner for platform breadth: FP Markets.

Which has the lower minimum deposit?

Fusion Markets explicitly states that there is no minimum amount traders must deposit. Individual payment methods can still impose their own transaction minimums or charges. FP Markets lists a minimum deposit of US$100 or equivalent for both its Standard and Raw forex accounts.

A zero minimum deposit does not make leveraged trading less risky, but it does make Fusion Markets easier to test with a smaller funded balance after using a demo account.

Winner for minimum deposit: Fusion Markets.

Is Fusion Markets or FP Markets better regulated?

Fusion Markets has an Australian entity regulated by the Australian Securities and Investments Commission under AFSL 385620. It also operates entities regulated by the Seychelles Financial Services Authority and Vanuatu Financial Services Commission. In Europe, Fusion Markets EU Ltd holds CySEC licence 444/24, granted on 29 April 2024.

FP Markets has a longer and broader regulatory history. Its group includes an ASIC-regulated Australian entity under AFSL 286354, a CySEC-regulated European operation, an FSCA-regulated South African entity and a Seychelles FSA-regulated entity, with additional group operations in other jurisdictions.

The important distinction is entity-specific protection. Being able to say that a broker holds an ASIC or CySEC licence does not mean every customer worldwide is automatically covered by that regulator. Before depositing, check the legal entity named in the client agreement and verify that exact company against the relevant regulator's register.

FP Markets also has the longer operating history. FP Markets was founded in Sydney in 2005, whereas Fusion Markets was founded in 2017 and began serving trading clients in 2019.

Winner for regulatory breadth and operating history: FP Markets.

Fusion Markets is better for forex-focused traders

Fusion Markets has built a more focused proposition. It does not try to beat FP Markets on the sheer number of assets. It competes primarily on forex pricing, low commissions, currency-pair choice and low barriers to opening an account.

That positioning works particularly well for active forex traders. Fusion Markets offers 90+ currency pairs, raw spreads from 0.0 pips on its Zero Account and commissions starting at US$4.50 per standard-lot round turn. There is also no broker-set minimum deposit.

If the majority of your trades are EUR/USD, GBP/USD, AUD/USD or other currency pairs, paying for access to thousands of additional instruments at FP Markets provides little benefit by itself. Trading cost becomes the more commercially important distinction.

FP Markets is better for multi-asset traders

FP Markets makes more sense when forex is only one part of what you trade.

The difference between 250+ products at Fusion Markets and 10,000+ instruments at FP Markets is substantial. FP Markets combines its much larger market catalogue with MT4, MT5, cTrader, TradingView and Iress, giving traders more ways to access different asset classes from the same broker group.

FP Markets also has a considerably longer operating history, having been established in 2005. Traders who place more weight on longevity, regulatory footprint and product breadth than on squeezing the lowest possible forex commission may therefore prefer FP Markets.

Fusion Markets vs FP Markets: which should you choose?

For a typical forex trader comparing these two brokers, Fusion Markets wins our comparison. The reason is measurable rather than cosmetic: lower headline raw-account commissions, no broker-set minimum deposit and more forex pairs, while still supporting MT4, MT5, cTrader and TradingView.

FP Markets remains the better choice for a different type of trader. Its 10,000+ instrument range, Iress access, wider platform ecosystem and operating history dating to 2005 give it advantages Fusion Markets cannot match.

The final decision should therefore be based on what you actually intend to trade:

If your priority is...	Better choice
Lowest headline forex commission	Fusion Markets
90+ forex pairs	Fusion Markets
No broker-set minimum deposit	Fusion Markets
MT4 or MT5	Either
cTrader	Either
TradingView	Either
Thousands of tradable instruments	FP Markets
Iress	FP Markets
Longer operating history	FP Markets
Broader multi-asset trading	FP Markets

Overall verdict: Fusion Markets for forex specialists, FP Markets for multi-asset traders. If forex costs are the deciding factor, Fusion Markets is the stronger choice in 2026.

Trading costs, instrument availability, leverage and regulatory protection can differ by country, account entity and platform. CFDs and leveraged foreign exchange are high-risk products and can produce substantial losses. Check the broker's current pricing, client agreement and regulatory entity before opening or funding an account.