BlackBull Markets vs Fusion Markets - Forex Broker Comparison (April 2026)
Head-to-head comparison of BlackBull Markets and Fusion Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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BlackBull Markets
Trade with an award-winning True ECN broker
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Fusion Markets
Low-Cost Australian ECN Broker
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| Overview | ||
| Trustpilot Rating | 4.7 | 4.8 |
| Trustpilot Reviews | 3,261 | 6,948 |
| Headquarters | New Zealand | Australia |
| Founded | 2014 | 2019 |
| Best For | Algo Trading Copy Trading Day Trading High Leverage Low Deposit Low Spreads Scalping Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads Scalping Algo Trading Day Trading Copy Trading Low Deposit High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | FMA (New Zealand) FSA (Seychelles) | ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | FSCL (Financial Services Complaints Limited) dispute resolution scheme in New Zealand. No FSCS or ICF coverage. Seychelles entity has no investor compensation fund. | None |
| Trading Costs | ||
| Min Spread | 0.0 pips (Prime/Institutional), 0.8 pips (Standard) | From 0.0 pips (Zero), From 0.9 pips (Classic) |
| Commission | $0 (Standard), $6/lot RT (Prime), $4/lot RT (Institutional) | $2.25/lot/side (Zero), None (Classic) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None |
| Deposit/Withdrawal Fees | Deposits free. Withdrawals $5 flat fee for bank wire and cards. E-wallet fees vary. | No deposit or withdrawal fees. International bank wire may incur $30 bank fee |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global) | 1:500 (Global), 1:30 (AU retail) |
| Min Deposit | $0 (Standard/Prime), $20000 (Institutional) | $0 |
| Execution Type | ECN | ECN |
| Stop Out Level | 50% | 20% |
| Margin Call Level | 70% | 90% |
| Instruments | 70 Forex 1800+ Stocks 16 Indices 10 Commodities 9 Metals 3 Energies 20 Crypto ETFs Futures | 90+ Forex 110+ Stocks 15 Indices 4+ Commodities 9 Metals 3 Energies 13 Crypto |
| Currency Pairs | 70 | 90 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Video Tutorials Webinars Trading Academy eBooks Economic Calendar Market Analysis Podcasts Autochartist | Blog Articles Trading Guides Demo Account |
| Account & Support | ||
| Account Types | Standard Prime Institutional Islamic Demo | Zero Classic Swap-Free Islamic Demo |
| Payment Methods | Credit/Debit Cards (Visa Mastercard AMEX) Bank Wire Skrill Neteller UnionPay Crypto (Bitcoin Ethereum) FasaPay Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard) Bank Wire PayPal Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) |
| Withdrawal Speed | 1-2 Days (e-wallets under 24 hours, bank wire 1-3 business days) | Same day (e-wallets/PayPal), 1-5 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/5 Live Chat, Email, Phone, WhatsApp | 24/7 Live Chat, Email, Phone, WhatsApp |
BlackBull Markets
Fusion Markets