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CyprusFusion Markets vs IC Markets
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
We rank both for forex in 4 countries, and IC Markets comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
Of the 2 fees we could compare, Fusion Markets is cheaper on 1 and the other is the same.
Both hold a top-tier licence from ASIC.
- Fusion Markets is cheaper for EUR/USD: 0.45 pips all-in, compared with 0.6 pips all-in at IC Markets.Edge: Fusion Markets
- Neither charges a withdrawal fee.
- Much of Fusion Markets' business runs through offshore companies, where client protection is usually weaker.Edge: IC Markets
- We list Fusion Markets in 4 of the 14 countries we cover and IC Markets in 9. They overlap in 4.Edge: IC Markets
- IC Markets gets more search attention than Fusion Markets (Market Signal 40 vs 34). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Forex brokers
| Country | Fusion Markets | IC Markets |
|---|---|---|
| Australia | #15 of 1652/100Locally licensed FMGP Trading Group Pty Ltd · ASIC | #9 of 1661/100Locally licensed International Capital Markets Pty. Ltd. · ASIC |
| Cyprus | #22 of 2850/100Locally licensed Fusion Markets EU Ltd · CySEC | #10 of 2859/100Locally licensed IC Markets (EU) Ltd · CySEC |
| Italy | #25 of 3150/100EU passport Fusion Markets EU Ltd · CySEC | #12 of 3159/100EU passport IC Markets (EU) Ltd · CySEC |
| Portugal | #23 of 2950/100EU passport Fusion Markets EU Ltd · CySEC | #11 of 2959/100EU passport IC Markets (EU) Ltd · CySEC |
| Austria | Not listed | #11 of 2859/100EU passport IC Markets (EU) Ltd · CySEC |
| Croatia | Not listed | #9 of 2659/100EU passport IC Markets (EU) Ltd · CySEC |
| Germany | Not listed | #12 of 2959/100EU passport IC Markets (EU) Ltd · CySEC |
| Netherlands | Not listed | #11 of 2859/100EU passport IC Markets (EU) Ltd · CySEC |
| Spain | Not listed | #12 of 2959/100EU passport IC Markets (EU) Ltd · CySEC |
CFD brokers
| Country | Fusion Markets | IC Markets |
|---|---|---|
| Australia | #17 of 1852/100Locally licensed FMGP Trading Group Pty Ltd · ASIC | #11 of 1861/100Locally licensed International Capital Markets Pty. Ltd. · ASIC |
| Cyprus | #25 of 3050/100Locally licensed Fusion Markets EU Ltd · CySEC | #12 of 3059/100Locally licensed IC Markets (EU) Ltd · CySEC |
| Italy | #28 of 3350/100EU passport Fusion Markets EU Ltd · CySEC | #14 of 3359/100EU passport IC Markets (EU) Ltd · CySEC |
| Portugal | #26 of 3150/100EU passport Fusion Markets EU Ltd · CySEC | #13 of 3159/100EU passport IC Markets (EU) Ltd · CySEC |
| Austria | Not listed | #13 of 3059/100EU passport IC Markets (EU) Ltd · CySEC |
| Croatia | Not listed | #11 of 2859/100EU passport IC Markets (EU) Ltd · CySEC |
| Germany | Not listed | #14 of 3159/100EU passport IC Markets (EU) Ltd · CySEC |
| Netherlands | Not listed | #13 of 3059/100EU passport IC Markets (EU) Ltd · CySEC |
| Spain | Not listed | #14 of 3159/100EU passport IC Markets (EU) Ltd · CySEC |
Fees and features side by side
| Fusion Markets | IC Markets | |
|---|---|---|
| Products | Forex, CFDs | Forex, CFDs |
| Owner | Not verified yet | Not verified yet |
| EUR/USD all-in cost | 0.45 pips, Zero account (average major spread + commission) | 0.6 pips, Raw Spread on cTrader/TradingView (min spread 0.0 pips + $3 per $100,000 per side) |
| Inactivity fee | Not verified yet | None |
| Withdrawal fee | None | None |
| Minimum deposit | $0 (Fusion Markets International Ltd) | $0 (Raw Trading Ltd (IC Markets Global)) |
| Instruments | 250+ | 2,850+ |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MT4, MT5, cTrader, TradingView, IC Mobile App |
| Deposit methods | Credit card, PayPal, Bank transfer, Skrill, Neteller | Credit/debit card, PayPal, Neteller, Skrill, Wire transfer, BPAY, Broker to broker |
| Withdrawal time (stated) | 85% of withdrawals in under an hour | processed within 1 working day; transfer time depends on method |
| Demo account | Yes | Not verified yet |
| Support | phone | live chat, email · 24/7 |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (Fusion Markets, IC Markets).
Licences
Fusion Markets
- FMGP Trading Group Pty Ltd: ASIC (Tier 1)
- Fusion Markets International Ltd: FSA Seychelles (Tier 3 (offshore))
- Fusion Markets EU Ltd: CySEC (Tier 2)
IC Markets
- International Capital Markets Pty. Ltd.: ASIC (Tier 1)
- Raw Trading Ltd (IC Markets Global): FSA Seychelles (Tier 3 (offshore))
- IC Markets (EU) Ltd: CySEC (Tier 2)
Fusion Markets vs IC Markets: common questions
Which is better, Fusion Markets or IC Markets?
We rank both for forex in 4 countries, and IC Markets comes out ahead in every one of them. For reference, Fusion Markets' best ranking is #15 of 16 forex brokers in Australia, and IC Markets' best ranking is #9 of 26 forex brokers in Croatia.
Is Fusion Markets cheaper than IC Markets?
Fusion Markets is cheaper for EUR/USD: 0.45 pips all-in, compared with 0.6 pips all-in at IC Markets. Neither charges a withdrawal fee.
Is Fusion Markets or IC Markets better regulated?
Both hold a top-tier licence from ASIC. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both Fusion Markets and IC Markets where I live?
We list Fusion Markets in 4 of the 14 countries we cover and IC Markets in 9. They overlap in 4. For forex, you'll find both on our lists in Australia, Cyprus, Italy and Portugal.