LMAX
Fusion Markets
LMAX vs Fusion Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
LMAX and Fusion Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. LMAX, founded in 2010 and headquartered in London, UK, is regulated by FCA and offers spreads starting from 0.0 pips with a minimum deposit of $1000. Fusion Markets, established in 2017 in Melbourne, Australia, holds licenses from ASIC, VFSC with spreads from 0.0 pips and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, LMAX scored 8.8/10 overall compared to Fusion Markets's 8.1/10, making it the stronger pick for most traders. That said, Fusion Markets holds its own with lower trading costs and smoother deposits & withdrawals, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
LMAX scores 8.8/10 overall vs 8.1/10 for Fusion Markets — a 0.7-point difference.
- 💵
Fusion Markets requires just $0 to start, while LMAX needs $1000 — Fusion Markets is 1000x more accessible.
- 📈
Fusion Markets offers 250+ instruments vs 100+ at LMAX — a massive gap in market coverage.
- 🖥️
LMAX runs on LMAX Global, while Fusion Markets uses MT4, MT5, cTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: LMAX scores 9.5 vs 7.5 for Fusion Markets — a 2.0-point difference.
Our Verdict
LMAX
Score: 8.8/10 · Wins 3 categories- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You rely on in-depth research and analysis tools
Fusion Markets
Score: 8.1/10 · Wins 3 categories- You want lower spreads and trading fees
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($0)
LMAX takes the lead with an overall score of 8.8/10 compared to 8.1/10, winning in 3 out of 8 scoring categories. LMAX stands out for stronger regulation and better customer support, while Fusion Markets fights back with lower trading costs and smoother deposits & withdrawals.
Detailed Verdict
After testing both brokers with real accounts, LMAX comes out ahead with a 8.8/10 overall rating, winning 3 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.5/10. LMAX holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Fusion Markets is not without merit — it scores 8.1/10 overall and excels in Trading Costs (9.5/10), winning 3 categories. Traders who value lower trading costs or smoother deposits & withdrawals may find Fusion Markets the better fit. For a complete breakdown, read our full LMAX review and Fusion Markets review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Fusion Markets wins by 0.5 points
LMAX wins by 2.0 points
LMAX wins by 0.5 points
LMAX wins by 1.0 points
Fusion Markets wins by 1.0 points
Fusion Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.8/10 ✓ | 8.1/10 |
| Min Deposit Lower is better | $1000 | $0 ✓ |
| Max Leverage | 1:100 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | LMAX Global | MT4, MT5, cTrader |
| Regulation | FCA | ASIC, VFSC |
| Founded Older track record highlighted | 2010 ✓ | 2017 |
| Markets | 100+ | 250+ ✓ |
Fees & Costs
When it comes to trading costs, Fusion Markets has the edge with a score of 9.5/10 versus 9/10 for LMAX. LMAX offers spreads starting from 0.0 pips, while Fusion Markets starts from 0.0 pips. The minimum deposit at LMAX is $1000, compared to $0 at Fusion Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
LMAX scores 8/10 for platforms compared to 8/10 for Fusion Markets. LMAX provides LMAX Global, while Fusion Markets offers MT4, MT5, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. LMAX is regulated by FCA (Tier 1), while Fusion Markets holds licenses from ASIC, VFSC (Tier 1). LMAX scores 9.5/10 and Fusion Markets scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, LMAX leads with 6/10 compared to 6/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. LMAX and Fusion Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
LMAX offers 24/5 Email, Phone and scores 8/10, while Fusion Markets provides 24/5 Live Chat, Email with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
LMAX scores 7/10 for deposits and withdrawals, while Fusion Markets scores 8/10. LMAX accepts Bank Transfer, and Fusion Markets supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. LMAX requires a minimum deposit of $1000 versus $0 for Fusion Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose LMAX if you...
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You rely on in-depth research and analysis tools
Choose Fusion Markets if you...
- You want lower spreads and trading fees
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($0)
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is LMAX better than Fusion Markets?
LMAX scores higher overall (8.8/10 vs 8.1/10), winning 3 of 8 categories. However, Fusion Markets is stronger in lower trading costs and smoother deposits & withdrawals. The best choice depends on what matters most to your trading style.
Which has lower fees, LMAX or Fusion Markets?
Fusion Markets scores higher for trading costs. LMAX offers spreads from 0.0 pips with a $1000 minimum deposit, while Fusion Markets starts from 0.0 pips with $0 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is LMAX safe to trade with?
LMAX is regulated by FCA and scores 9.5/10 for regulation. Fusion Markets is regulated by ASIC, VFSC with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, LMAX or Fusion Markets?
LMAX scores 8/10 for platforms. LMAX offers LMAX Global, while Fusion Markets provides MT4, MT5, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for LMAX vs Fusion Markets?
LMAX requires a minimum deposit of $1000, while Fusion Markets requires $0. Fusion Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.