AvaTrade vs Fusion Markets - Fees Review included
Which broker is better AvaTrade or Fusion Markets? Our expert assessment conducted according to TU’s own methodology showed that AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.16 out of 10. Fusion Markets is one of the top brokers in the financial market with the TU Overall Score of 6.18 out of 10. Find out more about TU Overall Score.
| Feature | AvaTrade | Fusion Markets |
|---|---|---|
Overall |
4.6 |
4.3 |
4.7 |
4.2 |
|
4.4 |
4.8 |
|
4.4 |
3.6 |
|
Investment Instruments |
4.2 |
4.9 |
Platforms and Charting Tools |
4.6 |
4.4 |
Deposit and Withdrawal |
4.7 |
4.6 |
Research |
4.4 |
3.8 |
Education |
4.8 |
3.5 |
Support |
4.6 |
4.3 |
Bonuses |
3.9 |
3.1 |
|
|
|
AvaTrade vs Fusion Markets: Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
Fusion Markets is a young broker from Australia. It was created in November 2017 and began to provide full services in 2019. The company offers to trade in currency pairs and CFDs. Headquartered in Cremorne, Melbourne, Australia, the broker is regulated by ASIC (Australian Securities and Investment Commission) and VFSC (Vanuatu Financial Services Commission).
| AvaTrade | Fusion Markets | |
|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | Low trading fees |
| a wide range of trading instruments | Fast registration and convenient trader's office | |
| Swap-free account | Several copy trading and MAM services | |
| Advanced copy trading tools | Advanced ECN account | |
| A lot of educational content | no minimum account size | |
| Low fees | No fees for US Shares CFDs trading | |
| Optioins trading | ||
| Overall Cons | customer service efficiency and response time | Limited number of supported assets |
| There is no ECN account | lack of educational content | |
| Market maker(dealing desk) type of broker | Not able in New Zealand, Russia, Ukraine, United States or its territories. | |
| Not regulated in EU and UK |
AvaTrade vs Fusion Markets: Safety and Regulation
| Regulated By: | AvaTrade | Fusion Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577) |
Vanuatu company (Company Number 40256) and is regulated by the VFSC |
AvaTrade vs Fusion Markets: Trading Conditions
| Trading Conditions | AvaTrade | Fusion Markets |
|---|---|---|
Minimum Deposit |
$100 |
$1 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader |
Max Leverage (Futures) |
1-400 |
1-30, 1-500 (just for Vanuatu regulated entity) |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
|
Trading assets |
100+ |
200+ |
Trading Accounts |
Standard, Professional account |
Demo, Classic, Zero |
Base Account Currencies |
EUR, USD |
AUD, USD, EUR, GBP, JPY, CAD, SGD, THB |
AvaTrade vs Fusion Markets: Fees
Forex Trading Fees
| Fee | AvaTrade | Fusion Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.9 pips |
0.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$2.25 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | AvaTrade | Fusion Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | AvaTrade | Fusion Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
$50 per quarter after 3 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AvaTrade vs Fusion Markets: Trading Assets
| Asset Name | AvaTrade | Fusion Markets |
|---|---|---|
Overall |
1000+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
AvaTrade or Fusion Markets: Investment Programs
| Asset Name | AvaTrade | Fusion Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
Yes |
No |
Other |
Bonds |
No |
Trading Platforms: Fusion Markets or AvaTrade
| AvaTrade | Fusion Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
no |
Appropriate platform |
AvaTradeGo, AvaOptions |
No |
Others |
No |
No |
|
|
|
AvaTrade vs Fusion Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AvaTrade | Fusion Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for Australian and EU clients) |
Yes (not available for all countries) |
Crypto |
No |
No |
AvaTrade vs Fusion Markets: Research
| Research Type | AvaTrade | Fusion Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
AvaTrade vs Fusion Markets: Education
| Education Type | AvaTrade | Fusion Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Fusion Markets vs AvaTrade: Support
| Support Features | AvaTrade | Fusion Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
AvaTrade vs Fusion Markets: Forex Bonuses and Promo
| Promo | AvaTrade | Fusion Markets |
|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
No |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
Invite a friend affiliate program. As soon as your friend registers and starts trading, the broker will deposit $50 to the account of each member of the affiliate program which includes the referral and the partner who attracted him. Fusion Affiliates program - will be interesting for trading sites, popular Youtube channels, bloggers, arbitrageurs, email marketers, media, as well as those who have a lot of subscribers in social networks. |
Other Promos |
"Bring a friend" bonus, according to the rules. For an attracted active referral, you can get either a bonus on the account or benefits on commissions. Check with the support team for the most current details. |
|
|
|
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Top 5 Reviews on Fusion Markets
-
Comment
Fusion Markets is reliable. Neither I nor my fellow traders have had any problems with it. Fusion Markets withdraws client profits without delays and is not engaged in fraud. They also noted that the company does not pursue any illegal or hidden goals. Thus, you can trade with confidence on the Fusion Markets platform.
-
Comment
I started trading on the Forex Markets through Fusion Markets. Traders I know told me that this company was transparent and there were no hidden problems. I started with a small trading account and then increased it. Now I have been trading with Fusion Markets for five years; I am happy with everything here.
-
Comment
Fusion Market offers seamless depositing, withdrawal, and transfer between accounts. All operations are carried out promptly and clearly. You can choose a company with various regulators and trading conditions. Spreads are at an acceptable level, though they may widen. The customer support is excellent, quickly responding to all inquiries. Currently, I continue my collaboration with Fusion Market.
-
Comment
I have been using the services of the Fusion Market broker for a year and a half now and it fully matches my trading strategy. Although I can’t say that everything is going smoothly, the conditions are good: moderate spreads and swaps. I have already withdrawn money three times and each time it happened without any problems. Therefore, my feedback is positive.
-
Comment
FusionMarkets broker is excellent. I liked working with this company. There were delays in processing withdrawals, however, a couple of times. I have several cards open for brokerage. The analytics are good, I constantly additionally browse on German business platforms. I just started working because I was laid off, but I saw a lot of interesting options. I like to work for myself at home. And the level is quite high. I believe that there are a lot of opportunities on the FusionMarkets website for beginners and professionals
Top 5 Reviews on AvaTrade
-
Comment
I decided to test the waters with AvaTrade by using their demo account, and I must say, the experience was quite good. It helped me get familiar with the platform and how trading works. Now, I'm considering transitioning to a real account. However, my final verdict hinges on how smooth the deposit and withdrawal processes are. If these aspects meet my expectations, AvaTrade will definitely earn a 5-star rating from me. Otherwise, it might drop to 3 or 4 stars. Nonetheless, I appreciate the overall experience and commend the team for their efforts.
-
Comment
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries. If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options. However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away. Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
-
Comment
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
-
Comment
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
-
Comment
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.