FM
Fusion Markets
3.6 / 5Score: 2 / 4
Zero minimum deposit, spreads from 0 pips, and six asset classes make Fusion Markets a low-cost multi-market powerhouse.
- Min deposit
- $0
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC
Reviewed by Experts Updated 8/19/2026
Fusion Markets vs Gemini: Which Broker Wins in 2026?
Fusion Markets and Gemini serve very different traders, but only one comes out on top in our 2026 head-to-head. Fusion Markets edges ahead overall with tighter spreads, broader markets, and zero minimum deposit, while Gemini holds its ground on regulatory pedigree.
G
Gemini
3.3 / 5Score: 2 / 4
A dual-regulated crypto exchange built for traders who prioritize compliance and institutional-grade oversight.
- Min deposit
- $0
- Max leverage
- 1:1
- Spread from
- 0.5 pips
- Regulators
- CFTC, FCA
Overall Winner
Fusion Markets
Best for Beginners
Fusion Markets
Lowest Fees
Fusion Markets
Top Regulation
Gemini
Side-by-side comparison
Core features compared head-to-head.
| Feature | FM Fusion Markets | G Gemini |
|---|---|---|
| Overview | ||
| Rating | 3.6 / 5 | 3.3 / 5 |
| Founded | 2017 | 2014 |
| Headquarters | Melbourne, Australia | New York, USA |
| Regulation | ASIC | CFTC, FCA |
| Fees & Limits | ||
| Min Deposit | $0 | $0 |
| Spreads From | 0 pips | 0.5 pips |
| Commission | $2.25/lot | $0.35/lot |
| Max Leverage | 1:500 | 1:1 |
| Platforms & Markets | ||
| Trading Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
| Markets Offered | Forex, Cfd, Stocks, Indices, Commodities, Crypto | Crypto |
Trading & non-trading fees
Min Deposit
Fusion Markets
$0
Gemini
$0
Spreads From
Fusion Markets
0 pips
Gemini
0.5 pips
Commission
Fusion Markets
$2.25/lot
Gemini
$0.35/lot
Deposit Fees
Fusion Markets
None
Gemini
None
Withdrawal Fees
Fusion Markets
None
Gemini
None
Pros & cons
FM
Fusion Markets
Pros
- Higher overall rating at 3.6/5 compared to Gemini's 3.3/5
- Significantly tighter spreads starting from 0 pips
- Lower commission structure at just $2.25 per lot
- Access to six diverse markets including forex and commodities
- Higher leverage ceiling of up to 1:500
- No minimum deposit barrier for new traders
- Support for industry-leading platforms like MT4, MT5, and TradingView
Cons
- Regulated by only a single authority (ASIC)
- Newer brand, founded in 2017 compared to older competitors
- No proprietary mobile app, relies on third-party platforms
- May offer less brand recognition among crypto-first investors
G
Gemini
Pros
- Stronger regulatory coverage with two respected licences
- Longer operating history since 2014
- No minimum deposit required to open an account
- Simple, user-friendly proprietary platforms
- No deposit or withdrawal fees charged
- Solid reputation within the crypto exchange space
Cons
- Limited exclusively to cryptocurrency markets
- Higher commission of $0.35 per trade versus Fusion Markets
- Wider spreads starting from 0.5 pips
- No leverage flexibility with a cap at 1:1
- Lacks third-party platform support like MT4 or MT5
Our expert verdict
Editor's verdict
Overall winner Fusion Markets
Lowest fees Fusion Markets
Best regulation Gemini
Better for beginners Fusion Markets
Fusion Markets is the better choice overall, scoring 3.6/5 versus Gemini's 3.3/5 on our independent rating system. Fusion Markets wins decisively on fees with spreads from 0 pips and commissions as low as $2.25 per lot, plus a far wider range of tradable markets including forex, stocks, indices, and commodities. Gemini remains a solid pick for traders who want dual regulatory oversight from the CFTC and FCA but are strictly focused on cryptocurrency trading.
Fees & Trading Costs
Cost is where Fusion Markets truly separates itself from Gemini. Fusion Markets offers spreads starting from 0 pips paired with a commission of just $2.25 per lot, making it one of the most competitively priced brokers for active traders.
Gemini, by contrast, starts spreads at 0.5 pips and charges a notably higher commission of $0.35 per trade unit, which stacks up quickly for frequent crypto traders. Neither broker charges deposit or withdrawal fees, so account funding itself is free on both sides.
For scalpers, day traders, or anyone running high-frequency strategies, the cost gap between these two platforms is significant enough to influence long-term profitability. Fusion Markets is the clear winner for cost-conscious traders.
Regulation & Safety
Gemini holds the edge here with licences from both the CFTC and FCA, two well-respected regulatory bodies that add a layer of institutional credibility, particularly for US and UK-based crypto investors.
Fusion Markets is regulated solely by ASIC, Australia's financial markets watchdog, which is still a tier-one regulator known for strict capital and conduct requirements.
While Fusion Markets has fewer licences on paper, ASIC oversight remains robust. Traders who prioritize multi-jurisdictional regulatory coverage may lean toward Gemini despite its narrower market focus.
Markets & Product Range
Fusion Markets offers access to six distinct asset classes: forex, CFDs, stocks, indices, commodities, and crypto. This breadth allows traders to diversify across multiple markets from a single account.
Gemini is a crypto-only platform, meaning traders cannot access forex pairs, equities, or commodities at all through this broker.
For anyone seeking a one-stop trading solution, Fusion Markets' diversified offering is a major structural advantage over Gemini's narrower crypto-exclusive model.
Platforms & Trading Tools
Fusion Markets supports the industry-standard MT4 and MT5 platforms alongside TradingView integration, giving traders access to advanced charting, automated strategies, and a huge library of third-party indicators.
Gemini relies on its own proprietary web and mobile platforms, which are streamlined and beginner-friendly but lack the depth of tools that experienced traders often expect.
Traders who value algorithmic trading, custom indicators, or multi-platform flexibility will find Fusion Markets' offering considerably more powerful.
Leverage & Account Accessibility
Fusion Markets offers leverage up to 1:500, giving traders significant capital efficiency, especially in forex and CFD markets. Gemini, being a crypto-focused platform, offers no meaningful leverage at 1:1.
Both brokers require a $0 minimum deposit, making either platform accessible to traders with limited starting capital.
The leverage disparity reflects the fundamental difference in business models: Fusion Markets is built for margin trading across multiple asset classes, while Gemini functions more like a straightforward crypto exchange.
Our Verdict
Fusion Markets is the stronger all-around broker, earning our recommendation for beginners, professional traders, and anyone seeking low-cost multi-asset access. Its 3.6/5 rating, tighter spreads, and expansive market range outweigh Gemini's regulatory breadth.
Gemini still has a place for crypto-only investors who specifically want CFTC and FCA oversight and don't need forex, stocks, or commodities exposure.
Ultimately, unless dual crypto-specific regulation is a non-negotiable requirement, Fusion Markets delivers more value, more flexibility, and lower costs.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
Fusion Markets wins overall
Fusion Markets edges out Gemini overall based on our expert rating score.
FM
Highest Rated
Fusion Markets
3.6 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.6/5).
Fusion MarketsBetter for beginners
Stronger onboarding and educational resources.
Fusion MarketsLower trading costs
More competitive spreads and baseline commissions.
Fusion MarketsStronger regulation
Higher trust based on tier-1 regulatory oversight.
Gemini
Frequently asked questions
Fusion Markets scores higher overall on our independent rating system, holding a 3.6/5 rating compared to Gemini's 3.3/5. Fusion Markets wins on cost efficiency, market range, and platform choice, while Gemini holds an edge in regulatory breadth for crypto-focused investors. The best choice ultimately depends on your trading style and whether you need multi-asset access or purely crypto exposure.
Fusion Markets offers considerably lower trading costs with spreads from 0 pips and a commission of $2.25 per lot, compared to Gemini's spreads from 0.5 pips and $0.35 per trade commission. Over time, especially for active traders, this cost difference can meaningfully impact overall profitability.
Both brokers require a $0 minimum deposit, meaning you can open an account and begin trading with virtually no starting capital barrier on either platform.
Gemini holds licences from both the CFTC and FCA, giving it broader regulatory coverage across two major jurisdictions. Fusion Markets is regulated solely by ASIC, a respected tier-one regulator, but with only a single licence compared to Gemini's two.
Fusion Markets supports MT4, MT5, and TradingView, giving traders access to advanced charting and automated trading tools. Gemini instead relies on its own proprietary web and mobile applications, which are simpler but lack third-party platform integration.
No, only Fusion Markets supports forex, stocks, indices, and commodities alongside crypto. Gemini is strictly a cryptocurrency exchange and does not offer access to forex or equity markets.
Fusion Markets offers leverage up to 1:500, giving traders significant capital efficiency for forex and CFD positions. Gemini offers no real leverage, effectively capped at 1:1, consistent with its role as a spot crypto exchange.
Yes, Fusion Markets is considered the better choice for beginners due to its $0 minimum deposit, broad market access, and low-cost trading environment. Its support for MT4 and MT5 also gives newer traders access to educational resources and demo accounts widely available for those platforms.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms, using Fusion Markets for forex, stocks, and commodities exposure while using Gemini specifically for crypto holdings under its dual regulatory framework.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.