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 5.28 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 | 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
| Regulated By: | Oanda | Fusion Markets |
|---|---|---|
US Regulation |
Yes (CFTC, NFA) |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
European Union (regulated by the MFSA), Singapore (regulated by the MAS), Canada (regulated by IIROC), Japan (regulated by FSA) |
Vanuatu company (Company Number 40256) and is regulated by the VFSC |
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
Forex Trading Fees
| Fee | Oanda | Fusion Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
0.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
not offered |
$2.25 per lot |
ECN Account EUR Average Spread |
not offered |
0.2 pips |
CFD Trading Fees
| Fee | Oanda | Fusion Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Oanda | Fusion Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
$20 - just for bank transfer |
No |
Inactivity Fee |
After 12 months of inactivity, 10 units of your account’s currency denomination |
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
| Deposit and Withdrawal Method | Oanda | Fusion Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for all markets) |
Yes (not available for all countries) |
Crypto |
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. |
|
|
|
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 Oanda
-
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.
-
Comment
OANDA is a good company and I plan to continue trading with them. I started with a demo account and then switched to a live one with a small deposit. OANDA successfully passed my tests in trading and withdrawals. I easily withdraw profits to my bank card.
-
Comment
I got acquainted with the OANDA broker online. Initially, I read reviews about it and decided to give this platform a try. If you do everything correctly, you can pass the verification process, although it does take some time. Then, the actual trading process began. The conditions at OANDA are average, so I can give this broker a decent rating.
-
Comment
The broker OANDA is licensed by reliable regulators, offers a wide range of financial services, boasts years of experience, multiple regulators, and significant awards. There is a vast selection of popular trading instruments, a very low minimum deposit, and qualified technical support. However, the OANDA website occasionally functions poorly. Overall, I currently have no major complaints about trading with this broker.
-
Comment
OANDA offers tight spreads, is licensed, and has a low entry threshold and fast withdrawals. The overall impression of working with this company is positive. I would recommend this broker. Another advantage is that OANDA's client support is excellent.
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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.