Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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Pepperstone
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Fusion Markets
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Founded in Australia in 2010, Pepperstone is a highly-rated forex and CFD broker with over 830,000 global clients. It provides access to 1,400+ instruments on top platforms like MT4, MT5, cTrader, and TradingView, with low, clear fees. Pepperstone is regulated by reputable bodies such as the FCA, ASIC, and CySEC, ensuring a secure trading environment. | Fusion Markets, an online broker since 2017, is regulated by the ASIC, VFSC and FSA. Known for its low-cost forex and CFD trading, it offers a variety of accounts and copy trading options for all types of traders. New traders can register and begin trading in three easy steps. | |
| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $0 |
| Trading Platforms | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView, AutoChartist | MT4, MT5, cTrader, TradingView, DupliTrade |
| Payment Methods | Apple Pay, BPAY, Credit Card, Debit Card, Google Wallet, Mastercard, Neteller, PayPal, PIX Payment, Skrill, UnionPay, Visa, Wire Transfer | AstroPay, Bitcoin Payments, Credit Card, Debit Card, Doku Wallet, Dragonpay, Ethereum Payments, FasaPay, JetonCash, Mastercard, Neteller, PayID, PayPal, Perfect Money, Skrill, Sticpay, TransferWise, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, ASIC, CySEC, BaFin, DFSA, SCA, CMA, SCB | ASIC, VFSC, FSA |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Pepperstone stands out for its great integration with MT4, MT5, cTrader, and TradingView apps, making it a top choice for traders familiar with these major platforms. These apps provide a stable, reliable mobile trading experience, boosted by Pepperstone's fast execution speeds and wide asset range. Recent upgrades helped it earn second place in DayTrading.com's annual 'Best Trading App' award for 2025. | Fusion Markets integrates smoothly with cTrader, MT4, MT5, and TradingView on Android and iOS. The MetaTrader app feels outdated, impacting user experience, despite its excellent charts, news stream, and alerts. The cTrader app performed better in tests, with a superior design and over 70 indicators and 26 timeframes, ideal for advanced traders. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, DMA, MAM, PAMM | ECN, MAM, PAMM |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | Pepperstone enables traders to follow strategies of experienced traders via MetaTrader Signals, DupliTrade, and its new copy trading app (available in select regions) in partnership with Pelican Trading, offering access to many skilled traders and customizable risk settings. However, it does not support cTrader Copy, which may discourage users who prefer Spotware's terminal. | The broker's native trading platform, Fusion+, provides easy access to skilled traders at low costs and with a simple follower process. Additionally, DupliTrade, an independent tool, links novice investors and experienced traders, offering a variety of automated options to suit different tastes. |
| Social Trading | ✗ | ✓ |
| Trade Signals | Yes (Via Chartist Software) | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
Pepperstone remains a top-notch CFD broker based on our recent tests. The broker offers swift execution speeds averaging 30ms, a high fill rate of 99.90% and over 1,300 assets to trade. This ensures a smooth trading experience without interruptions or the need for re-quotes. | You can trade a variety of CFDs including forex, commodities, stocks, indices, and cryptocurrencies. Leverage up to 1:500 is accessible for experienced traders in certain regions, while newcomers can use micro-lots. There are no limits on short-term CFD trading strategies. | |
| Leverage | 1:30 (Retail), 1:500 (Pro) | 1:500 |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 0.4 | 0.13 |
| Oil Spread | 2.5 | 2.0 |
| Stocks Spread | 0.02 | 0.01 |
Forex Trading | ||
Pepperstone offers exceptionally low forex spreads, averaging 0.12 pips on EUR/USD in the Razor account, with over 100 currency pairs to choose from. This exceeds what most competitors offer. Pepperstone uniquely provides three currency indices (USDX, EURX, JPYX), a rare feature in trading platforms. Pepperstone has claimed our 'Best Forex Broker' award twice. | Fusion Markets provides a wide array of over 90 currency pairs, offering numerous trading opportunities. The company stands out for its ultra-narrow spreads, starting as low as 0.0 pips, along with very low commissions of $2.25 per side. The platform also offers access to the premier forex software, MetaTrader 4. | |
| GBPUSD Spread | 0.4 | 0.13 |
| EURUSD Spread | 0.1 | 0.05 |
| EURGBP Spread | 0.4 | 0.09 |
| Assets | 100+ | 90+ |
| Currency Indices | USD, EUR, JPY | |
Cryptocurrency Trading | ||
Pepperstone remains a trusted crypto broker. While its range of digital tokens is moderate, it offers trading for popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage. Its crypto indices offer a comprehensive view of the digital currency markets, unlike most trading platforms. | Fusion Markets provides well-recognized cryptocurrency tokens paired with USD and allows up to 1:10 leverage based on your location. Bitcoin spreads begin at a competitive rate of 0.04%. The platform also stands out for its high-quality charting tools in MT4, MT5, cTrader, and TradingView. | |
| Crypto Spread | BTC 30, ETH 0 | From 0.04% |
| Crypto Coins | BCH, BTC, ETH, LTC, DASH, ADA, LINK, DOGE, EOS, DOT, XRP, XLM, XTZ, UNI, BNB | BTC, BCH, ADA, ETH, LTC, EOS, XLM, DOT, LNK, AVAX, SOL, MATIC, DOGE, BNB |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |