Fusion Markets Vs. OvalX - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

• New traders looking to get started in currency trading
• Intermediate and professional traders looking for low spreads with a custom account offering

• Forex traders for variety of currencies and high net worth equities
• Traders seeking commission free equities inside their 250 commission-less selection
• Traders who want to trade commodity futures and bonds 

• ASIC (Australia)
• VFSC (Vanuatu)

• FCA (UK)
• FSCA (South Africa)
• CySec (Cyprus)

• 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

• Commission-free trades for 250 equities
• Low minimum deposit to open standard account (100£)
• Wide selection of commodity futures and bonds
• Decent educational material for market research, including seminars on indices, commodities and currencies

• Asset offering is poor (over 100+ instruments)
• Platform variety is not great (only MT4 or MT5 offered)

• Doesn’t provide live news feed on standard account
• No ability to purchase real stocks or ETFs (All assets are CFDs)
• Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Neteller
• PerfectMoney
• Jeton

• Visa
• Mastercard
• Maestro
• Skrill
• UnionPay
• Bank Transfer

US, CA, IR, SY, NZ.

US, BE, CN, SG, CH.

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

• No commissions on classic accounts.
• AUD $4.5 per lot round turn for ZERO accounts with spreads starting from 0.

Depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)