Fusion Markets vs Saxo Bank
Fusion Markets | Saxo Bank |
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4.5
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4
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Traders from US not accepted
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Traders from US not accepted
|
Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps. |
Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
66% of retail accounts lose money. | |
Customer Reviews | |
4
Based on 2 Fusion Markets customer reviews
|
4
Based on 1 Saxo Bank customer reviews
|
Comment by Reviewer | |
"Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero and industry-low commissions. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC." | "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." |
Pros | |
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Cons | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | Vary by asset |
Regulator | |
ASIC, VFSC, FSA | DFSA, MAS, FCA, SFC |
Margin Trading | |
Yes | No |
STP Account | |
No | No |
ECN Account | |
Yes | Yes |
DMA Account | |
No | No |
MAM Account | |
Yes | No |
PAMM Account | |
Yes | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | SaxoTraderGo (iOS, Android, Windows) |
App Review | |
Fusion Markets offers seamless integration with the cTrader, MT4 and MT5 apps, available on Android or iOS. Although we find the design of the MetaTrader app increasingly outdated, detracting from the user experience, it excels for its premium charting package, integrated news stream and push notifications. The cTrader app performed even better during tests, featuring a superior design and an extensive suite of over 70 indictors and 26 timeframes, making it the obvious choice for advanced day traders. |
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Android App Rating | |
4.4 |
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iOS App Rating | |
4.8 |
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Auto Trading | |
Expert Advisors (EAs) on MetaTrader, cBots on cTrader | |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Fusion+, the broker's native copy trading platform, offers access to experienced traders with low fees and a hassle-free follower process. Alternatively, a third-party tool, DupliTrade, connects aspiring investors with established traders, ensuring a choice of hands-free solutions for different preferences. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
You can go long or short on a range of CFDs covering forex, commodities, shares, indices and cryptos. High leverage up to 1:500 is available for experienced traders in some locations, whilst beginners will appreciate access to micro-lots. There are no restrictions on short-term trading strategies using CFDs. | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
Leverage | |
1:500 | 1:30 |
FTSE Spread | |
1.0 | 1.2 pts (Variable) |
GBPUSD Spread | |
0.13 | 0.7 (var) |
Oil Spread | |
2.0 | 0.03 |
Stocks Spread | |
0.01 (Apple Inc) | 0.10% (subject to min commission) |
Forex Trading | |
Fusion Markets offers an excellent selection of 90+ currency pairs, providing a range of short-term trading opportunities. It continues to excel for its ultra-tight spreads from 0.0 pips and exceptionally low commissions of $2.25 per side. You also get access to leading forex software in MetaTrader 4. | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
Forex App | |
The MT4 platform is available on Android and iOS. The application offers advanced charting, automated trading plus an integrated news stream. Clients can manage all forex trading activity from the free mobile app. |
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GBPUSD Spread | |
0.13 | 0.7 (varies by region) |
EURUSD Spread | |
0.05 | 0.2 (varies by region) |
EURGBP Spread | |
0.09 | 0.6 (varies by region) |
Assets | |
90+ | 40+ |
Cryptocurrency | |
Fusion Markets offers the best-known crypto tokens paired with USD, and up to 1:10 leverage depending on your location. Bitcoin spreads are competitive starting from 0.04%, while it shines for its top-notch charting tools in MT4, MT5 and cTrader. | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. |
Spread | |
From 0.04% | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
66% of retail accounts lose money. | |
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