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Side-by-Side Comparison Independent Updated Oct 2, 2026

Fusion Markets vs Phillip Capital 2026: Which Broker is Better?

In this broker comparison, we explore the key differences between Fusion Markets and Phillip Capital, two distinct players in the trading industry. Fusion Markets, with its low commissions and zero minimum deposit, is ideal for cost-conscious traders seeking high leverage and extensive platform options, including MT4, MT5, and TradingView. In contrast, Phillip Capital appeals to seasoned investors who value long-standing industry presence and comprehensive market access, particularly within the Asia-Pacific region, facilitated through its proprietary POEMS platform. While Fusion Markets offers a broader range of trading instruments including cryptocurrencies, Phillip Capital provides superior regulatory oversight and regional market connectivity.

Fusion Markets

Phillip Capital

Higher ratedFusion Markets logo

Fusion Markets

3.9/ 5
Visit Fusion Markets →Full review
VS
Fusion MarketsPhillip Capital
BrokerRank Score3.9/5 ✓3.7/5
Min. Deposit$0$0
Spread from0 pips0 pips
Max Leverage1:500 ✓1:5
RegulationASIC, VFSC, FSA ✓MAS, ASIC
PlatformsMT4, MT5, TradingViewProprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
Fusion MarketsPhillip Capital
Best for Low Fees
Fusion MarketsPhillip Capital
Best for Regulation
Fusion MarketsPhillip Capital
Best Overall
Fusion MarketsPhillip Capital
Quick Answer

Fusion Markets is the better choice overall, scoring 3.9/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Fusion Markets offers lower spreads (0 pips).

See full side-by-side comparison below

Fusion Markets vs Phillip Capital: Key Differences

Feature

Fusion Markets

Phillip Capital

Winner
Our Rating
3.9 / 5
3.7 / 5
Min. Deposit
$0
$0
Max Leverage
Spread From
0 pips
0 pips
Commission
$2.25/lot
$0.08/lot
Regulated By
ASICVFSCFSA
Platforms
MT4, MT5, TradingView, cTrader
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Stocks, Indices, Commodities, Crypto
Stocks, Forex, Cfd, Indices, Commodities
Founded
2017
1975
Headquarters
Melbourne, Australia
Singapore
Score
1 / 3
2 / 3

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Fees Comparison

Fee

Fusion Markets

Phillip Capital

Lower fees
Spread From
0 pips
0 pips
Commission
$2.25/lot
$0.08/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

For beginners, Fusion Markets emerges as the better option due to its user-friendly platforms, no minimum deposit requirement, and ultra-low commissions of $2.25 per lot, making it cost-effective for novice traders. Professional traders might prefer Phillip Capital, given its extensive experience in the Asia-Pacific region and access to a broader range of global markets through its proprietary POEMS platform. On fees, Fusion Markets clearly wins with its competitive pricing structure, offering some of the lowest commissions in the industry.

Who Should Choose Which?

Fusion Markets

Fusion Markets

3.9/5

Top pick

Choose Fusion Markets if you want…

  • Higher overall rating (3.9/5)
  • Higher leverage (up to 1:500)
  • More regulatory licences (3)
  • More market types (6)
Phillip Capital

Phillip Capital

3.7/5

Choose Phillip Capital if you want…

  • More established (est. 1975)

Also consider

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We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.

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Both Fusion Markets & Phillip Capital are available in

Frequently Asked Questions

1

Is Fusion Markets better than Phillip Capital?

Fusion Markets scores higher overall on our independent rating system. Fusion Markets holds a 3.9/5 rating vs Phillip Capital's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, Fusion Markets or Phillip Capital?

Fusion Markets offers spreads from 0 pips, while Phillip Capital starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for Fusion Markets vs Phillip Capital?

Fusion Markets requires a minimum deposit of $0. Phillip Capital requires $0.

4

Which broker is safer, Fusion Markets or Phillip Capital?

Fusion Markets is regulated by ASIC, VFSC, FSA, while Phillip Capital holds licences from MAS, ASIC.

5

What trading platforms do Fusion Markets and Phillip Capital support?

Fusion Markets supports MT4, MT5, TradingView, cTrader. Phillip Capital supports Proprietary Web, Proprietary Mobile.

6

Can I use both Fusion Markets and Phillip Capital?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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