Firstrade vs Fusion Markets - BrokerCue
BrokerCue

Select your country to see eligible brokers

Account eligibility and broker availability depend on your country of residence. Setting this now allows us to hide brokers that do not accept clients from your country.

Broker Comparison

Firstrade vs Fusion Markets

Compare Firstrade and Fusion Markets side by side: fees, regulation, platforms.

Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile…

VS
Fusion Markets

Fusion Markets

Cost-focused forex and CFD traders

Fusion Markets is an Australian CFD and forex broker offering MT4, MT5, cTrader and TradingView with low-cost…

Head-to-head comparison

Firstrade vs Fusion Markets
Feature Firstrade Fusion Markets
Minimum deposit $0 -
Stock trading fee $0 commission -
Regulators FINRA ASIC, FSA, VFSC
Best for Cost-conscious US stock, ETF and options traders Cost-focused forex and CFD traders
Markets & account
Stocks
-
ETFs
-
Forex
-
CFDs
-
Crypto
-
Bonds
-
Options
-
Funds
-
Margin
Investment Plans
-
Demo Account
-

Pros & cons

Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
Fusion Markets

Fusion Markets

Pros

  • Zero account commission of $4.50 round-turn is below the industry average
  • No minimum deposit requirement
  • No deposit, withdrawal, or inactivity fees
  • Four major platforms: MT4, MT5, cTrader and TradingView
  • Free VPS hosting for traders executing 20+ lots per month
  • ASIC-regulated with client funds in segregated NAB accounts
  • Fusion+ copy trading service free for traders meeting minimum 2.5 lot/month threshold
  • 24/7 live human customer support

Cons

  • No negative balance protection for clients under FSA or VFSC entities
  • No investor compensation scheme under any entity
  • Demo account expires after 30 days unless the live account is funded
  • Limited educational content compared to full-service brokers
  • Products limited to CFDs - no real stock or ETF ownership
  • High overnight swap rates relative to many competitors
  • cTrader and TradingView restricted to Zero account holders only
Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

Visit Firstrade Read review

Your capital is at risk. Other fees apply.

Fusion Markets

Fusion Markets

Fusion Markets is an Australian CFD and forex broker offering MT4, MT5, cTrader and TradingView with low-cost Classic and Zero account pricing.

Visit Fusion Markets Read review

Your capital is at risk. Other fees apply.

Not the right match?

Line up any two brokers side by side, or browse the full list to find your next platform.

Compare another broker Browse all brokers