Oanda vs Fusion Markets - Fees Review included
Which broker is better Oanda or Fusion Markets? Our expert assessment conducted according to TU’s own methodology showed that Oanda is one of the top brokers in the financial market with the TU Overall Score of 6.79 out of 10. Fusion Markets is one of the top brokers in the financial market with the TU Overall Score of 7.19 out of 10. Find out more about TU Overall Score.
| Feature | Oanda | Fusion Markets |
|---|---|---|
Overall |
4.4 |
4.3 |
5 |
4.2 |
|
4.5 |
4.8 |
|
3.5 |
3.6 |
|
Investment Instruments |
4.1 |
4.9 |
Platforms and Charting Tools |
4.8 |
4.4 |
Deposit and Withdrawal |
4.2 |
4.6 |
Research |
4.7 |
3.8 |
Education |
4.5 |
3.5 |
Support |
4.8 |
4.3 |
Bonuses |
4.6 |
3.1 |
|
|
|
Oanda vs Fusion Markets: Pros and Cons
Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.
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).
| Oanda | Fusion Markets | |
|---|---|---|
| Overall Pros | Regulated by a range of reputable financial bodies | Low trading fees |
| Real-time news and fundamental analysis tools | Fast registration and convenient trader's office | |
| localized and multilingual phone support | Several copy trading and MAM services | |
| User-friendly platform for new forex traders | Advanced ECN account | |
| Outstanding research tools | no minimum account size | |
| Financial information publicly available | No fees for US Shares CFDs trading | |
| High educational value through written content and videos | ||
| Orders get executed with no requotes | ||
| Deposit minimum as low as $1 | ||
| Overall Cons | No programs offering bonus | Limited number of supported assets |
| Slow withdrawal of funds | lack of educational content | |
| Not able in New Zealand, Russia, Ukraine, United States or its territories. | ||
| Not regulated in EU and UK |
Oanda vs Fusion Markets: Safety and Regulation
| Oanda | Fusion Markets | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 SGD 75,000 $500,000 |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
Yes |
No |
MAS |
Yes |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
No |
Yes |
FSA (Seychelles) |
No |
No |
Oanda vs Fusion Markets: Trading Conditions
| Trading Conditions | Oanda | Fusion Markets |
|---|---|---|
Minimum Deposit |
No minimum deposit |
$1 |
Trading Platforms |
MT4, OANDA, TradingView |
МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader |
Max Leverage (Futures) |
1-50 |
1-30, 1-500 (just for Vanuatu regulated entity) |
Supported Markets |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
|
Trading assets |
120+ |
200+ |
Trading Accounts |
Standard, Core, and Swap-free |
Demo, Classic, Zero |
Base Account Currencies |
USD, EUR, HKD, SGD |
AUD, USD, EUR, GBP, JPY, CAD, SGD, THB |
Oanda vs Fusion Markets: Fees
| Oanda | Fusion Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,1 |
0,1 |
Standard acc. spread EUR/USD, max pips |
0,5 |
0,4 |
ECN Commission |
3,5 |
2,25 |
ECN Spread EUR/USD |
0,15 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
0-15 |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Oanda vs Fusion Markets: Trading Assets
| Asset Name | Oanda | Fusion Markets |
|---|---|---|
Overall |
120+trading assets |
200+ |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Oanda or Fusion Markets: Investment Programs
| Asset Name | Oanda | Fusion Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Fusion Markets or Oanda
| Oanda | Fusion Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
no |
Appropriate platform |
Oanda |
No |
Others |
No |
No |
|
|
|
Oanda vs Fusion Markets: Deposit and Withdrawal Methods
| Oanda | Fusion Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Oanda vs Fusion Markets: Research
| Research Type | Oanda | Fusion Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
Oanda vs Fusion Markets: Education
| Education Type | Oanda | Fusion Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Fusion Markets vs Oanda: Support
| Support Features | Oanda | Fusion Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Oanda vs Fusion Markets: Forex Bonuses and Promo
| Promo | Oanda | Fusion Markets |
|---|---|---|
Forex Bonus |
Yes (Not for all countries) |
No |
Affiliate Program |
Yes |
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 |
Rebates and commission markdowns |
"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 regulated by ASIC and VFSC, which provides basic fund protection but does not include compensation fund insurance. Accounts are available in USD, EUR, GBP, JPY, SGD, and THB. Only live accounts—Classic and Zero—are supported, as the broker does not offer demo accounts. The partnership programs are divided into IB and Affiliate models, allowing for ongoing income from client trade commissions. Despite its strong focus on experienced users, the broker offers quick account setup and a low minimum deposit of just $1, which may appeal to beginner traders.
-
Comment
Fusion Markets targets a professional audience, especially when it comes to copy trading. The ability to connect to managed accounts via MAM or PAMM with a minimum threshold of $5,000 and a mandatory license for the manager makes this service appealing for long-term investors. The range of assets includes over 90 currency pairs, 100 CFDs on stocks, metals, indices, and cryptocurrencies. On the downside, the lack of webinars and educational courses may be limiting for beginners.
-
Comment
Fusion Markets is a solid choice for those looking for a simple and transparent commission structure. The Zero account is ideal for scalping and news trading, thanks to instant execution and no hidden fees. Leverage varies—from 1:30 under ASIC regulation to 1:500 via VFSC—so it’s important to pay attention to the jurisdiction when signing up. There are no bonuses or promotions, but the affiliate program offers $50 for each referred client, which can be appealing for partners.
-
Comment
Fusion Markets is geared toward traders who value low costs and a user-friendly interface. You can trade via MetaTrader 4, MetaTrader 5, and cTrader, allowing for platform flexibility based on personal preferences. Margin requirements include a 90% stop-out level and leverage of up to 1:500, which may appeal to experienced speculators. However, the lack of a bonus program and cent accounts limits flexibility for beginners. For professional money managers, a MAM service is available, requiring at least 3 months of experience and a minimum of 3 clients.
-
Comment
Fusion Markets offers transparent trading conditions, particularly attractive for active traders. Zero-type spreads start from 0 pips, with a round-turn commission of $4.50. For those who prefer commission-free trading, a Classic account is available with spreads starting from 0.8 pips. The broker is regulated by ASIC (No. 385620), which adds credibility, though clients from the EU and some other regions may find the level of protection somewhat limited. The minimum deposit is just $1, but full access to MAM strategies requires the manager to have at least $5,000 in their account.
Top 5 Reviews on Oanda
-
Comment
I considered Oanda as a platform for portfolio diversification. What attracted me was its stability — the broker has been operating since 1996 and is regulated in four jurisdictions. Liquidity is provided by major banks, including JPMorgan and Deutsche Bank, which adds confidence in order execution without slippage.
-
Comment
The Oanda platform offers a solid range of instruments, including currency pairs, cryptocurrencies, metals, indices, and commodities. The minimum order size starts from 0.01 lots, and spreads for major pairs begin at 0 pips. These are favorable conditions for traders using intraday or scalping strategies.
-
Comment
When choosing a broker, I paid close attention to leverage. OANDA offers up to 1:200, which provides enough flexibility for active trading. You can trade on MetaTrader 4, 5, as well as the proprietary fxTrade platform. The stop-out level is fixed at 50%, which is in line with industry standards.
-
Comment
The conditions at OANDA are average, so I can give this broker a decent rating.
-
Comment
I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.
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.