IC Markets vs Fusion Markets (Which One Wins?)
We are an introducing broker (IB) partner of both IC Markets and Fusion Markets. If you sign up through one of our links, we receive a small commission at no extra cost to you. You are always free to choose any broker.
Risk warning: This content is for educational purposes only and not financial advice. Forex trading involves risk, and you can lose money.
Affiliate disclosure: We are an introducing broker (IB) partner of the brokers listed on this page. If you register through one of our links, we receive a small commission at no extra cost to you. You are always free to choose any broker you prefer.
Forex ic markets vs fusion markets
We are an introducing broker (IB) partner of both IC Markets and Fusion Markets. If you sign up through one of our links, we receive a small commission at no extra cost to you. You are always free to choose any broker.
- Cost: Fusion wins
- Regulation: IC Markets wins
- Platforms: different strengths
IC Markets and Fusion Markets are two of the most popular brokers among cost-conscious forex traders. Both are ASIC-regulated, both offer raw spreads from 0.0 pips, and both have a reputation for fair execution. So what is the difference?
Cost: Fusion wins
- Fusion Markets charges $2.25 per side ($4.50 round turn). IC Markets charges $3.50 per side ($7.00 round turn).
- That is a $2.50 difference per round turn per standard lot.
- Over 100 trades per month: $250 saved with Fusion.
- Over a year: $3,000 saved. That is real money.
- Raw spreads on both brokers are virtually identical because they source from similar liquidity providers. The commission is the difference.
Regulation: IC Markets wins
- IC Markets has three licenses: ASIC, CySEC, and SCB. The CySEC license is the key differentiator.
- Fusion Markets has two licenses: ASIC and VFSC. No EU regulation.
- For EU traders: IC Markets offers MiFID II protection with negative balance protection and 30:1 leverage caps. Fusion cannot serve EU traders under European regulation.
- For Australian traders: both have ASIC. Equal protection.
- For everyone else: IC Markets has SCB, Fusion has VFSC. Both are offshore, roughly equivalent.
Platforms: different strengths
- IC Markets: MT4, MT5, cTrader. No TradingView integration.
- Fusion Markets: MT4, MT5, TradingView, cTrader. The widest selection of the two.
- Both offer MT4, MT5, and cTrader with the same features and functionality.
- The platform question now comes down to TradingView: if you want it, Fusion is the only option between these two.
Minimum deposit: Fusion wins
- Fusion: $0. Start with any amount.
- IC Markets: $200. Reasonable but higher.
Execution: roughly equal
- Both use ECN/STP execution with multiple liquidity providers.
- IC Markets has a slight edge in raw execution speed, especially on cTrader.
- Fusion's execution is still excellent for the vast majority of trading styles.
- For scalpers doing dozens of trades per hour, IC Markets' cTrader may have an edge. For everyone else, the difference is negligible.
Choose IC Markets if
- You want cTrader
- You are in the EU and need CySEC protection
- You prioritize maximum regulation over cost savings
- Execution speed is absolutely critical for your strategy
Choose Fusion Markets if
- Lowest cost is your priority
- You want TradingView integration
- You want to start with $0 minimum deposit
- You trade frequently and the commission savings matter
Both are good brokers. You will not make a mistake with either one. The decision comes down to: do you value cost savings (Fusion) or platform choice and regulation breadth (IC Markets)?
Important: there are many more brokers
These three are the brokers we partner with and can review from experience. But the forex world has many other reputable brokers — Pepperstone, OANDA, IG, Saxo Bank, CMC Markets, and dozens more. What matters most is that your broker is properly regulated, offers competitive spreads, and supports a platform you are comfortable with.
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