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Fusion Markets vs CloseOption

Fusion Markets or CloseOption – which is better for UK traders 2024? Compare Fusion Markets and CloseOption in this detailed breakdown of their platforms, features and fees.

Fusion Markets vs CloseOption Comparison Table 2024
Fusion Markets	CloseOption

4.5	3.8
Fusion Markets is ranked #24 among CFD brokers.	CloseOption is ranked #3 among binary options brokers.
Review	Review
Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.	CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
Pros
The market analysis features, Market Buzz and Analyst Views, are great tools for discovering opportunities and conveniently integrated into the client dashboard. The range of charting platforms and social trading features is excellent, with MT4, MT5, cTrader and more recently TradingView, catering to a wide range of trader preferences. Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active traders. Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader. Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help traders secure optimal prices in fast-moving markets. Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.	New traders can get started with a $5 minimum deposit CloseOption offers weekly trading tournaments with cash prizes The user-friendly platform is compatible with most web browsers Multiple global payment methods are available Free demo account
Cons
Fusion Market trails alternatives, notably eToro and IG, in the education department with limited guides and live video sessions to upskill new traders. While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US. Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards and no negative balance protection. There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade. The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.	Clients need to deposit $50,000+ to qualify for the best payouts CloseOption is not regulated by a well-regarded trading authority Binary options are only available on fiat and digital currencies
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$5
Payment Methods
AstroPay Credit Cards Debit Card FasaPay Mastercard Neteller PayPal Perfect Money Skrill STICPAY Visa Wire Transfer	Mastercard PayPal Perfect Money WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
ASIC, VFSC, FSA	National Bank of Georgia
Mobile Apps
iOS & Android	iOS & Android
Trading App
Fusion Markets offers seamless integration with the cTrader, MT4, MT5 and TradingView apps, available on Android or iOS. Although we find the design of the MetaTrader app increasingly outdated, detracting from the user experience, it excels for its premium charting package, integrated news stream and push notifications. The cTrader app performed even better during tests, featuring a superior design and an extensive suite of over 70 indictors and 26 timeframes, making it the obvious choice for advanced traders.	CloseOption’s TradeRoom stands out as a fantastic option for beginners, with its streamlined design minimizing the learning curve. It’s super easy to place short-term trades from 5 seconds with basic charting tools at your disposal. Tutorials and frequent updates with video demonstrations also enhance the experience, while weekly contests are available to skilled traders on the go.
iOS App Rating
4.8	3.7
Android App Rating
4.4	3.5
Margin Trading
Yes	No
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
Yes	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
Yes	No
Copy Trading Platform
Fusion+, the broker's native copy trading platform, offers access to experienced traders with low fees and a hassle-free follower process. Alternatively, a third-party tool, DupliTrade, connects aspiring investors with established traders, ensuring a choice of hands-free solutions for different preferences.
Social Trading
Yes	No
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	0.5%
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD JPY CHF HKD SGD	USD
Commodities
Gold Silver Oil Aluminium Copper Palladium Platinum Zinc Wheat Corn Cotton Cocoa Coffee Sugar Natural Gas Nickel Lead Soybeans Orange Juice
CFD
You can go long or short on a range of CFDs covering forex, commodities, shares, indices and cryptos. High leverage up to 1:500 is available for experienced traders in some locations, whilst beginners will appreciate access to micro-lots. There are no restrictions on short-term trading strategies using CFDs.
Leverage
1:500
FTSE Spread
1.0
GBPUSD Spread<
0.13
Oil Spread
2.0
Stocks Spread
0.01 (Apple Inc)
Forex
Fusion Markets offers an excellent selection of 90+ currency pairs, providing a range of short-term trading opportunities. It continues to excel for its ultra-tight spreads from 0.0 pips and exceptionally low commissions of $2.25 per side. You also get access to leading forex software in MetaTrader 4.	CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD.
Assets
90+	20+
GBPUSD Spread
0.13	No fee - payouts approx. 80% (Copper)
EURUSD Spread
0.05	No fee - payouts approx. 80% (Copper)
EURGBP Spread
0.09	No fee - payouts approx. 80% (Copper)
Cryptocurrency
Fusion Markets offers the best-known crypto tokens paired with USD, and up to 1:10 leverage depending on your location. Bitcoin spreads are competitive starting from 0.04%, while it shines for its top-notch charting tools in MT4, MT5, cTrader and TradingView.	CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets' high market volatility, which compares well with rivals.
Spread
From 0.04%	No fee - payouts approx. 40% (Copper)
Coins
BTC BCH ADA ETH LTC EOS XLM DOT LNK AVAX SOL MATIC DOGE BNB	BTC BCH ETH LTC XBT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.
Payout
	95%
Expiration Times
	30 seconds - 1 month
Boundary Options
No	No
Ladder Options
No	No

Fusion Markets	CloseOption
Review	Review
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