XTB vs Fusion Markets - Fees Review included
Which broker is better XTB or Fusion Markets? Our expert assessment conducted according to TU’s own methodology showed that XTB is one of the top brokers in the financial market with the TU Overall Score of 5.17 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 | XTB | Fusion Markets |
|---|---|---|
Overall |
4.3 |
4.3 |
4.7 |
4.2 |
|
3.8 |
4.8 |
|
4.7 |
3.6 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
4.4 |
4.4 |
Deposit and Withdrawal |
4.8 |
4.6 |
Research |
4.1 |
3.8 |
Education |
4.4 |
3.5 |
Support |
4.5 |
4.3 |
Bonuses |
4.6 |
3.1 |
|
|
|
XTB vs Fusion Markets: Pros and Cons
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
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).
| XTB | Fusion Markets | |
|---|---|---|
| Overall Pros | 2100+ trading instrumetns | Low trading fees |
| Big choice of ETF CFDs | Fast registration and convenient trader's office | |
| Everage EURUSD spread 0.1 pip | Several copy trading and MAM services | |
| Advanced xStation trading platform | Advanced ECN account | |
| Well regulated broker | no minimum account size | |
| No fees for US Shares CFDs trading | ||
| Overall Cons | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. | Limited number of supported assets |
| High stock CFDs fees | lack of educational content | |
| Not able in New Zealand, Russia, Ukraine, United States or its territories. | ||
| Not regulated in EU and UK |
XTB vs Fusion Markets: Safety and Regulation
| Regulated By: | XTB | Fusion Markets |
|---|---|---|
US Regulation |
NO |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
Yes |
Other Regulators |
International Financial Services Commission in Belize. (IFSC License No.: 000302/185) |
Vanuatu company (Company Number 40256) and is regulated by the VFSC |
XTB vs Fusion Markets: Trading Conditions
| Trading Conditions | XTB | Fusion Markets |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
MetaTrader 4 and xStation 5 |
МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader |
Max Leverage (Futures) |
1-500 (only for non EU and UK clients), 1-30 |
1-30, 1-500 (just for Vanuatu regulated entity) |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
|
Trading assets |
2100+ |
200+ |
Trading Accounts |
Demo, Standard, Pro, Islamic |
Demo, Classic, Zero |
Base Account Currencies |
USD |
AUD, USD, EUR, GBP, JPY, CAD, SGD, THB |
XTB vs Fusion Markets: Fees
Forex Trading Fees
| Fee | XTB | Fusion Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
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 | XTB | Fusion Markets |
|---|---|---|
CFD Trading Fee |
0.3% for stock and ETF CFDs trading, 4USD per 1 BTC, 10 ETH, 1000 LTC |
Floating spread |
Non-Trading Fees
| Fee | XTB | Fusion Markets |
|---|---|---|
Account Fee |
$10 EUR per month |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount. |
No |
Inactivity Fee |
€10 per month after 12 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.
XTB vs Fusion Markets: Trading Assets
| Asset Name | XTB | Fusion Markets |
|---|---|---|
Overall |
2100+ |
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 |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XTB or Fusion Markets: Investment Programs
| Asset Name | XTB | Fusion Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Fusion Markets or XTB
| XTB | Fusion Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
no |
Appropriate platform |
xStation 5 |
No |
Others |
No |
No |
|
|
|
XTB vs Fusion Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XTB | Fusion Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes (not available for all countries) |
Crypto |
No |
No |
XTB vs Fusion Markets: Research
| Research Type | XTB | Fusion Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
XTB vs Fusion Markets: Education
| Education Type | XTB | Fusion Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Fusion Markets vs XTB: Support
| Support Features | XTB | Fusion Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XTB vs Fusion Markets: Forex Bonuses and Promo
| Promo | XTB | Fusion Markets |
|---|---|---|
Forex Bonus |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
No |
Affiliate Program |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
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 |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
"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 XTB
-
Comment
XTB’s platform works perfectly, there are almost no slippages or requotes, and execution is usually instant, which significantly increases the chances of profit. Few brokers can boast of such a high-quality platform.
-
Comment
There are quite a lot of brokerage companies. There are good and bad brokers, and those who have nothing to do with financial markets at all. XTB is not a perfect company, but it has many advantages over others. Its main advantage is client support, account maintenance, and a low entry threshold. Personally, I decided on this company.
-
Comment
I chose XTB among many brokers 6 months ago. Spread is low, execution is smooth, and withdrawals are quick on weekdays. This is quite enough for me.
-
Comment
xtb is an excellent company, I have been working with it for 3 years. I withdraw large sums to the card. The quotes are even without problems, there is a choice of other platforms, and fees are minimal. I totally confirm reviews of xtb!
-
Comment
I consider xtb a promising broker. I worked with it for some time — everything was excellent and most importantly of high quality. When I was withdrawing funds for the first time, I had to wait a little and I even started to get nervous, but in the end everything worked out. So I recommend this company as honest and of high quality.
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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.