Fusion Markets vs SBI Securities: Which Broker Wins in 2026?

Regulation & Safety

Regulatory strength is one of the clearest differentiators in this matchup. Fusion Markets is regulated by ASIC, a tier-1 regulator known for strict capital adequacy requirements, client fund segregation rules, and rigorous ongoing compliance checks.

SBI Securities operates under FSA oversight, Japan's financial regulator, which provides solid domestic investor protections but is generally viewed by global traders as less internationally robust than ASIC when it comes to cross-border dispute resolution and leverage flexibility.

Both brokers report no deposit or withdrawal fees, which is a positive for cost-conscious traders on either side. However, Fusion Markets's tier-1 licence gives it a distinct edge for traders prioritizing regulatory peace of mind.

Fees, Spreads & Commissions

Both brokers advertise spreads starting from 0 pips, putting them on paper parity at the headline level. The real difference emerges in commission structure: Fusion Markets charges a transparent $2.25 per lot commission on its raw spread accounts, while SBI Securities charges no per-trade commission at all.

For high-frequency forex and CFD traders, Fusion Markets's model is typically more cost-predictable and competitive once volume increases, especially given its tighter overall spread environment across major pairs.

SBI Securities's zero-commission structure is attractive for lower-frequency stock and ETF investors who aren't trading forex or CFDs at scale, but it lacks the same depth of pricing transparency across asset classes that active traders often look for.

Neither broker charges deposit or withdrawal fees, and both allow account opening with a $0 minimum deposit, making entry accessible on either platform.

Trading Platforms & Tools

Fusion Markets supports the industry-standard MT4 and MT5 platforms alongside TradingView integration, giving traders access to advanced charting, automated strategy support (Expert Advisors), and a vast third-party indicator ecosystem.

SBI Securities instead relies on proprietary web and mobile platforms plus its HyperSBI 2 terminal, which is tailored specifically for Japanese equity and ETF markets with localized tools and data feeds.

Traders who value platform familiarity, cross-broker portability, and algorithmic trading support will likely prefer Fusion Markets's MT4/MT5/TradingView stack, while SBI Securities's proprietary suite suits those focused specifically on the Japanese domestic market.

Market Access & Leverage

Fusion Markets offers a notably broader market selection spanning forex, CFDs, stocks, indices, commodities, and crypto — six asset classes in total, supported by leverage up to 1:500 for eligible clients.

SBI Securities covers stocks, ETFs, crypto, and indices, with leverage capped at a conservative 1:3, reflecting Japan's stricter retail leverage regulations and a more equity-centric business model.

Traders seeking diversified multi-asset exposure with higher leverage flexibility will find Fusion Markets considerably more accommodating, whereas SBI Securities is purpose-built for conservative, domestically-focused equity investing.

Company Background & Track Record

SBI Securities carries significant institutional weight as a firm founded in 1944 and headquartered in Tokyo, making it one of the more established names in Japanese retail finance with decades of domestic trust.

Fusion Markets is comparatively young, founded in 2017 in Melbourne, Australia, but has quickly built a reputation around low-cost trading and tier-1 regulatory compliance.

While longevity favors SBI Securities, Fusion Markets's faster-growing, specialist forex/CFD model combined with ASIC oversight has allowed it to outpace SBI Securities on our overall rating scale.

Our Verdict

Weighing regulation, fees, platform choice, and market breadth together, Fusion Markets earns the stronger overall rating at 3.6/5 compared to SBI Securities's 3.2/5. It is our pick for Best Overall, Best for Beginners, Best for Low Fees, and Best for Regulation in this comparison.

SBI Securities is not a weak broker — its zero-commission model, 1944 founding, and dedicated HyperSBI 2 platform make it a trustworthy option for Japan-based equity investors. But for traders wanting multi-asset flexibility, tier-1 regulatory backing, and competitive forex/CFD pricing, Fusion Markets is the more complete solution.