Coinbase
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Fusion Markets
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Coinbase Vs. Fusion Markets - Compare and Choose the Right One

Updated Jan 12 2022

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Investing in cryptocurrencies involves risk.

Visit

Your capital is at risk.

Overview

Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real cryptocurrencies.

Fusion Markets is an Australian broker founded in 2010 that specialises in low-cost currency trading via MT4 and MT5 platforms and holds 2 financial licenses from ASIC and VFSC.

Best For
  • Inexperienced cryptocurrency investors
  • Long term cryptocurrency holders
  • Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide
  • Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
  • New traders looking to get started in currency trading
  • Intermediate and professional traders looking for low spreads with a custom account offering
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The Good
  • Extremely simple and friendly interfaces
  • Moderate variety of cryptocurrencies
  • Independent wallet application
  • Option to choose from standard Coinbase or Coinbase Pro
  • Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
  • Extremely competitive account offering with either 0 spreads and a commission of AUD $4.5 or low spreads with no commissions
  • Tight spreads on most of their instruments
The Bad
  • Extremely high fees for cryptocurrency transactions (especially on standard app)
  • Low variety of cryptocurrencies to trade when compared to leading exchanges
  • Asset offering is poor (over 100+ instruments)
  • Platform variety is not great (only MT4 or MT5 offered)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • Registered as an electronic payments provider in countries where required to operate, yet they don’t require traditional brokerage regulation.
  • ASIC (Australia)
  • VFSC (Vanuatu)
📍 Year Founded
2012 2010
💳 Minimum Deposit
0 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfers
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • PerfectMoney
  • Jeton
💵 Account Base Currencies
All available cryptocurrencies. 7 - AUD, EUR, USD, GBP, JPY, SGD, THB.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None

US, CA, IR, SY, NZ.

📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • Coinbase provides only real cryptocurrencies.

CFDs on currencies, commodities, indices and stocks.

📙 Stocks
N/A 50
📘 Currency Pairs
N/A 90+
📗 Commodities
N/A 17
📕 Indices
N/A 10
📔 ETFs
N/A N/A
💸 Cryptocurrencies
110+ 8
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

Coinbase is a traditional cryptocurrency wallet and exchange, meaning that all cryptocurrencies purchased are real ones and not financial derivatives.

All of Fusion Market’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Crypto Trade Size
$2 $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
N/A Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
No Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

No for most payment methods except international bank transfers which have a cost of 20 AUD.

💰 Commissions

Yes, from 0.50% up to 2.0% of transaction values on Coinbase Standard.

  • No commissions on classic accounts.
  • AUD $4.5 per lot round turn for ZERO accounts with spreads starting from 0.
Spreads
📈 EUR/USD
N/A From 0 to 0.8 Pips
📉 SP500
N/A Dynamic - From 30 Pips
📈 GOLD
N/A Dynamic - From 9 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $0.01
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From 0.50% up to 2.0% Dynamic - From $31
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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