Phillip Capital vs Fusion Markets: Which Broker Wins in 2026?

Regulation & Safety

Phillip Capital is regulated by both the Monetary Authority of Singapore (MAS) and Australia's ASIC, giving it two tier-1 regulatory licences. This dual oversight, paired with a founding date of 1975, makes it one of the more institutionally seasoned brokers in this comparison.

Fusion Markets, by contrast, operates under a single ASIC licence. While ASIC is a respected tier-1 regulator in its own right, Fusion Markets founded in 2017 simply hasn't accumulated the same depth of regulatory history as Phillip Capital.

For risk-averse traders or those managing larger account balances, the extra layer of oversight from Phillip Capital's MAS licence is a meaningful differentiator that shouldn't be overlooked.

Fees, Spreads & Commissions

Both brokers advertise spreads starting from 0 pips, putting them on equal footing at the headline level. However, the commission structures diverge sharply: Phillip Capital charges just $0.08 per lot, while Fusion Markets charges $2.25 per lot.

Neither broker charges deposit or withdrawal fees, which is a welcome relief for traders who want to avoid hidden account-maintenance costs eating into returns.

On pure cost-per-trade for active or high-volume traders, Phillip Capital's dramatically lower commission structure gives it a clear advantage, especially for scalpers and frequent lot-based strategies.

Leverage & Market Access

Fusion Markets clearly wins on leverage, offering up to 1:500 compared to Phillip Capital's more conservative 1:5 cap. This makes Fusion Markets considerably more appealing to traders who want to maximize buying power on smaller account sizes.

Market breadth also favors Fusion Markets slightly, with six asset classes including crypto CFDs, versus Phillip Capital's five categories which notably exclude crypto.

Traders who prioritize aggressive leverage or crypto CFD access will likely lean toward Fusion Markets, while those who prefer conservative capital exposure may see Phillip Capital's lower leverage as a risk-management feature rather than a drawback.

Trading Platforms & Tools

Phillip Capital relies on its own Proprietary Web and Proprietary Mobile platforms, which offer a controlled, in-house trading experience but lack the broad third-party ecosystem that many retail traders expect.

Fusion Markets supports the industry-standard MT4 and MT5, plus TradingView integration — a combination that gives traders access to a huge library of custom indicators, expert advisors, and community-built strategies.

For traders who value platform flexibility, automation, and charting depth, Fusion Markets's three-platform lineup is the stronger offering. Phillip Capital's proprietary tools may suit traders who prefer simplicity over customization.

Account Accessibility

Both brokers share an identical $0 minimum deposit requirement, removing entry barriers for new traders on either platform.

This parity means the decision ultimately comes down to regulatory comfort, fee structure, leverage needs, and platform preference rather than upfront account accessibility.

Our Verdict

Phillip Capital takes the overall win in this matchup, scoring 3.74/5 against Fusion Markets's 3.56/5, driven primarily by stronger dual regulation, a lower per-lot commission, and a much longer operating history dating back to 1975.

Fusion Markets remains a compelling choice for traders who want higher leverage, MT4/MT5/TradingView flexibility, and crypto CFD exposure — features Phillip Capital doesn't match.

Ultimately, conservative traders and those prioritizing regulatory depth should lean toward Phillip Capital, while active traders chasing leverage and platform variety may find Fusion Markets better aligned with their strategy.