FP Markets
74.56% of retail investor accounts lose money when trading CFDs with this provider.
Fusion Markets
73-89% of retail investor accounts lose money when trading CFDs.
Best for
What we compare A comparison of the kinds of traders FP Markets and Fusion Markets are best suited to, based on what each one actually offers in Nigeria.FP Markets is better than Fusion Markets for crypto traders. Fusion Markets, on the other hand, is better for high-volume traders. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | FP Markets 84 Best | Fusion Markets 75 -9 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FP Markets and the ones that supervise Fusion Markets.FP Markets and Fusion Markets are both regulated by top-tier authorities, including CySEC and ASIC (Australia).
| Section score | FP Markets 100 | Fusion Markets 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FP Markets and Fusion Markets have in place to protect your money in Nigeria.Both FP Markets and Fusion Markets offer segregated client funds and two-factor authentication.
| Section score | FP Markets 66 Best | Fusion Markets 62 -4 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2005 | 2017 |
| Parent company i | First Prudential Markets Pty Ltd | Gleneagle Securities Pty Ltd |
| CEO i | Craig Allison | Phil Horner |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | National Australia Bank |
| Brand power | ||
| Number of customers worldwide i | ||
| Annual revenue i | ||
| Monthly website search traffic i | 563.6K monthly visits | 391K monthly visits |
Costs
What we compare A comparison of what it costs to trade with FP Markets and with Fusion Markets in Nigeria, both on each trade and on holding the account.Fusion Markets is better than FP Markets for costs, given that Fusion Markets is cheaper on EUR/USD, at 6.9 USD per lot (against FP Markets' 9.5 USD), charges lower Bitcoin CFD fees, at 18.97 USD (against FP Markets' 19.38 USD), and does not charge US stock CFD fees (against FP Markets' 0.02 USD). Neither FP Markets nor Fusion Markets charges account maintenance fees or deposit fees.
| Section score | FP Markets 65 -8 | Fusion Markets 73 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 6 | USD 4.5 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 9.5 | USD 6.9 |
| S&P 500 fees (CFD) i | 0.25 points | 0.31 points |
| Gold fees (CFD) i | 0.25 points | 0.86 points |
| Bitcoin fees (CFD) i | USD 19.38 | USD 18.97 |
| US stocks fees (CFD) i | USD 0.02 | Free |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Spread |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FP Markets and with Fusion Markets in Nigeria, and of how many instruments each one gives access to.FP Markets is better than Fusion Markets for available markets, given that FP Markets offers CFDs on crypto, which Fusion Markets does not, and gives access to 10,000 tradable symbols (against Fusion Markets' 247). Both FP Markets and Fusion Markets offer CFDs on commodities, forex, indices and stocks.
| Section score | FP Markets 75 Best | Fusion Markets 65 -10 |
|---|---|---|
| Total tradable symbols i | 10,000 | 247 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that FP Markets and Fusion Markets make available to their clients in Nigeria.Fusion Markets is better than FP Markets for platforms, because Fusion Markets offers a proprietary platform and Duplitrade, which FP Markets does not. Both FP Markets and Fusion Markets offer MetaTrader 5 and MetaTrader 4.
| Section score | FP Markets 86 -6 | Fusion Markets 92 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FP Markets and Fusion Markets in Nigeria, and of what each one lets you do from your phone.FP Markets is better than Fusion Markets for mobile trading, because FP Markets offers a proprietary mobile app, the cTrader app and a mobile watchlist, which Fusion Markets does not. FP Markets and Fusion Markets both offer the MetaTrader 5 app and the MetaTrader 4 app.
| Section score | FP Markets 100 Best | Fusion Markets 70 -30 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FP Markets and Fusion Markets allow on their platforms in Nigeria.FP Markets and Fusion Markets are equally good for trading features, as both offer negative balance protection and trailing stops.
| Section score | FP Markets 87 | Fusion Markets 87 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | 8 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 500:1 | 500:1 |
| Minor/Exotic FX pairs leverage i | 500:1 | 500:1 |
| Major indices leverage i | 200:1 | 100:1 |
| Minor indices leverage i | 200:1 | 100:1 |
| Gold leverage i | 500:1 | 500:1 |
| Commodities leverage i | 500:1 | 500:1 |
| Equities leverage i | 20:1 | 20:1 |
| Cryptocurrency leverage i | 5:1 | 10:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FP Markets and at Fusion Markets in Nigeria, and of who each one is meant for.FP Markets is better than Fusion Markets for account types, because FP Markets offers a corporate account and an unlimited demo account, which Fusion Markets does not. Both FP Markets and Fusion Markets offer a demo account and a managed account.
| Section score | FP Markets 68 Best | Fusion Markets 64 -4 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FP Markets and with Fusion Markets in Nigeria.Fusion Markets is better than FP Markets for account opening, given that Fusion Markets does not require a minimum deposit (against FP Markets' 100 USD), offers 8 account base currencies (against FP Markets' 2), and supports 3 e-wallets (against FP Markets' 2). Both FP Markets and Fusion Markets offer credit cards and debit cards.
| Section score | FP Markets 72 -10 | Fusion Markets 82 Best |
|---|---|---|
| Minimum deposit i | USD 100 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 30 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | PayPal, Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | EUR, USD | AUD, CAD, EUR, GBP, JPY, SGD, THB, USD |
| Deposit waiting time i | up to 1 business days | up to 5 business days |
| Withdrawal waiting time i | up to 1 business days | up to 5 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FP Markets and Fusion Markets in Nigeria, in how it can be reached and how fast it answers.FP Markets is better than Fusion Markets for customer care, because FP Markets offers customer support in 12 languages (against Fusion Markets' 1), has a website in 10 languages (against Fusion Markets' 6), and offers a dedicated account manager, which Fusion Markets does not. Both FP Markets and Fusion Markets offer phone support and priority support.
| Section score | FP Markets 83 Best | Fusion Markets 59 -24 |
|---|---|---|
| Number of languages supported i | 12 | 6 |
| Website languages i | Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | English, Indonesian, Spanish, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FP Markets and Fusion Markets provide to their clients in Nigeria.FP Markets is better than Fusion Markets for learning, because FP Markets offers webinars, professional reports and daily trading ideas, which Fusion Markets does not. Both FP Markets and Fusion Markets offer education for advanced traders and education for beginners.
| Section score | FP Markets 100 Best | Fusion Markets 64 -36 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FP Markets vs Fusion Markets: which one should you choose?
CFD Choose FP Markets, regulated by CySEC and ASIC, if you want a CFD/forex broker with cTrader and TradingView, a wide choice of markets and fast withdrawals.
Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.CFD Choose Fusion Markets, regulated by the same authorities, if you want an online CFD broker with low trading costs and no minimum deposit.
Open Account 73-89% of retail investor accounts lose money when trading CFDs.Other popular comparisons
Below are other head-to-head comparisons that include FP Markets or Fusion Markets, each scored with the same data and method as this page.