Skilling
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Vs.

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

Updated Oct 20 2022

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Overview

Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes.

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
  • Forex traders who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
  • New traders looking to get started in currency trading
  • Intermediate and professional traders looking for low spreads with a custom account offering
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSAS (Seychelles)
  • ASIC (Australia)
  • VFSC (Vanuatu)
The Good
  • Multiple intuitive platforms for traders with different levels of experience
  • Several payment methods for deposits and withdrawals
  • No commission for standard accounts
  • Trade Assistant tool is great for beginners opening their first trade
  • 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
  • Doesn’t allow deleveragred trading or customizable leverage
  • Charges commission on forex and spot metal trading for premium accounts 
  • Asset offering is not that comprehensive
  • Asset offering is poor (over 100+ instruments)
  • Platform variety is not great (only MT4 or MT5 offered)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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.

📍 Year Founded
2016 2010
💳 Minimum Deposit Range
From $100 to $5,000 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • PerfectMoney
  • Jeton
💵 Account Base Currencies
5 - EUR, USD, GBP, NOK, SEK. 7 - AUD, EUR, USD, GBP, JPY, SGD, THB.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, SY, IR.

US, CA, IR, SY, NZ.

📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
938 175
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
762 50
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
73 90
📗 Commodities
0 0
📗 Commodities CFDs
6 17
📕 Indices
0 0
📕 Indices CFDs
18 10
📔 ETFs
0 0
📔 ETFs CFDs
45 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
34 8
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC) $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None

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

💰 Commissions

Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60).

  • No commissions on classic accounts.
  • AUD $4.5 per lot round turn for ZERO accounts with spreads starting from 0.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips Dynamic - From 0 to 0.8 Pips
📉 SP500
Dynamic - From 120 Pips Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 36 Pips Dynamic - From 9 Pips
📉 TSLA (Stock CFD)
Dynamic - From $4.62 Dynamic - From $0.01
📈 XLK (ETF - CFD)
Dynamic - From $0.84 Unavailable
📉 BTC
Dynamic - From $131.8 Dynamic - From $31
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
No No
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
No No