BrokerAudit

BrokerAudit may receive compensation from partners featured on this page. This does not influence our ratings. See our methodology.

BlackBull Markets vs Fusion Markets 2026

A detailed head-to-head comparison of BlackBull Markets and Fusion Markets across regulation, trading costs, platforms, and more.

BlackBull Markets logo - BrokerAudit
BlackBull Markets

Est. 2014 · Auckland, New Zealand

FMA
75.5/100
Good
Fusion Markets logo - BrokerAudit
Fusion Markets

Est. 2017 · Melbourne, Australia

ASIC
77/100
Good

Score Breakdown

RegulationCostsPlatformsAccountsDepositSupportEducation
BlackBull MarketsFusion Markets

Category-by-Category Winner

Category
BlackBull Markets
Fusion Markets
Regulation & Trust
70
68
Trading Costs
82
95
Platforms & Tools
82
80
Account Conditions
78
82
Deposit & Withdrawal
75
80
Customer Support
72
70
Education & Research
68
58
Overall Score
75.5
77

Detailed Comparison

Overview

Year Founded
2014
2017
Headquarters
Auckland, New Zealand
Melbourne, Australia
Publicly Listed
Top Regulators
FMA
ASIC
Total Instruments
26,000
250

Trading Costs

EUR/USD Spread
0.16 pips
0.02 pips
GBP/USD Spread
0.60 pips
0.42 pips
USD/JPY Spread
0.28 pips
0.18 pips
Min. Deposit
$0
$0
Commission/Lot
$6.00
$4.50
Inactivity Fee
None
None

Platforms & Features

MetaTrader 4
MetaTrader 5
cTrader
TradingView
Copy Trading
API Trading
VPS Hosting
Demo Account
Islamic Account

Instruments

Forex Pairs
64
90
CFD Stocks
20,000
50
Indices
40
11
Commodities
20
15
Crypto CFDs
50
20

BlackBull Markets vs Fusion Markets: Our Analysis

Overall Verdict

With an overall score of 77/100 vs 75.5/100, Fusion Markets is nearly identical to BlackBull Markets by 1.5 points. Both brokers are closely matched, so your choice should come down to specific features that matter most to you.

Trading Costs

On the EUR/USD pair, BlackBull Markets offers an average spread of 0.16 pips with a $6.00 round-turn commission, while Fusion Markets comes in at 0.02 pips with a $4.50 commission. Fusion Markets offers tighter pricing on EUR/USD. Minimum deposit is $0 at BlackBull Markets and $0 at Fusion Markets.

Regulation & Safety

BlackBull Markets holds 2 regulatory licenses with a highest tier of Tier 2 (FMA), while Fusion Markets has 3 licenses at Tier 1 (ASIC). Fusion Markets has stronger top-tier regulation.

Platform Comparison

BlackBull Markets offers MT4, MT5, cTrader, TradingView, BlackBull CopyTrader — uniquely offering BlackBull CopyTrader which Fusion Markets does not have. Fusion Markets supports MT4, MT5, cTrader, TradingView, Fusion+, with exclusive access to Fusion+. Both brokers offer a comparable range of platforms.

Who Should Choose Which?

BlackBull Markets suits beginners seeking education, traders who want advanced tools, traders who prioritize safety, traders wanting a wide instrument range, while Fusion Markets is better for cost-conscious traders. Both brokers offer demo accounts, so you can test each before committing real funds.

Frequently Asked Questions

Based on our testing, Fusion Markets scores higher overall at 77/100 compared to BlackBull Markets's 75.5/100. However, "better" depends on your priorities — BlackBull Markets may be superior in specific categories like regulation.

Fusion Markets offers tighter spreads with an average EUR/USD spread of 0.02 pips, compared to 0.16 pips at BlackBull Markets. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.

BlackBull Markets scores higher for regulation and trust at 70/100, holding licenses from FMA. Fusion Markets scores 68/100 with ASIC.

For beginners, BlackBull Markets is the stronger choice with an education and research score of 68/100. It offers webinars, and a free demo account. Fusion Markets scores 58/100 for education.

Yes, there is no restriction on having accounts with both BlackBull Markets and Fusion Markets simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.

NC

Reviewed by

Neil C

Neil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.

Last updated: April 2026

Related Resources