Fusion Markets Minimum Deposit: Key Information & Guide (2023)
Fusion Markets has no minimum deposit requirements across each account type they offer.
You will also have several deposit methods available so that you can deposit easily.
As an international broker, Fusion Markets also provides several base currencies for your trading account.
In this article we are going to cover every detail.
|FEATURES||FUSION MARKETS MINIMUM DEPOSIT|
|Fusion Markets classic account||$0|
|Fusion Markets zero account||$0|
|Base Currencies||AUD, EUR, GBP, JPY, SGD, USD|
Visit Fusion Markets (Your capital is at risk)
Now that you know the minimum deposit amount, do you know what account suits you best? Find out all the Fusion Markets account types available with our guide.
Fusion Markets accepted deposit currencies
Fusion Markets supports a wide range of major currencies such as:
However, if you must fund your account with a minor currency, Fusion Markets will convert your deposits to any of the major currencies. Such conversions attract a currency conversion fee.
Fusion Markets funding method + withdrawals
In recognition of the importance of accounts funding or withdrawals, Fusion Markets supports an array of payment solutions such as:
- Bank wire
- Jeton Wallet
- Perfect Money
- Online Naira
- Local bank transfer methods for traders from Thailand, the Philippines, Malaysia, Singapore, Vietnam, and Indonesia
Funding via MasterCard or Visa will be confirmed as soon as possible. However, it usually takes around 2 to 3 business days, on average, to confirm transactions made through a bank wire to Australia from any part of the globe. Sometimes, transactions via bank wire may take about 5 business days for confirmation. The duration depends on your location.
Fusion Markets deposit fees
While many trading platforms charge a deposit fee from their traders, Fusion Markets doesn’t charge a deposit fee. Thus, rest assured that you have access to your investment or trading capital because Fusion Markets won’t make any deductions from your deposit as either explicitly stated or hidden deposit charges.
However, if you fund your account via a third party, that is a bit different. The third party or bank through which you make the deposit may charge a transaction fee.
If you are an Australia-based trader and fund your account through a bank wire from a bank operating within the country, we won’t charge you a deposit fee. However, if you are making an international transfer to an Australian trust account, they will charge you a deposit fee between $20 and $30. Some banks use intermediary banks that charge transaction fees before forwarding the funds to Fusion Market.
Fusion Market withdrawals
While traders have access to a wide range of deposit options, Fusion Markets equally ensure that they are not deprived of good withdrawal options. Hence, you can withdraw your earnings through:
- Bank wire with a minimum withdrawal amount of $30. Australian traders are charged zero withdrawal fees
- Credit or Debit Card that attracts zero fees if the withdrawal is through the matched refund process
- Similarly, withdrawals made via Neteller and Skrill are free too
Note that Fusion Markets place no restrictions on withdrawals. Hence, traders can withdraw at their convenience – whenever they wish. Withdrawals are processed during 1 to 5 business days for debit or credit cards. The duration is dependent on the card provider. For withdrawals made via bank wires, the trader must wait for between 2 and 5 days before their withdrawals will be confirmed.
How to deposit funds into your Fusion Markets accounts: a step-by-step guide
Without crediting your trading account, you can’t trade on our account. Traders can follow the step-by-step guide below to credit their account and thus have access to our trading platform.
1. Log into your Fusion Markets account
First of all, you should open a Fusion Markets demo account (Your capital is at risk) before thinking of depositing real money. If you’re already an experienced trader, you can proceed with the next steps: Visit their website and log in.
2. Open a new account
Click “New” at the top right-hand corner of the page. After clicking it, the two account types – Live and Demo – will appear. Choose any of the two options.
If you choose the Demo account type, you are required to customize your account by choosing the account type, base currency, leverage, and trading platform. In addition to that, you must enter your details such as first name, last name, and phone number. Click “Create Account” when you are done.
3. Provide the documents to the broker
If you choose the Live Account option, you will be asked 2 things
- A proof of identity (ID or Passport)
- A proof of address (bill, bank statement)
Once your identity is verified by the accounts team, your account will be approved in a few business days.
4. Fund your Fusion Markets account
After your account has been approved, fund it to start trading. Click “Fusion Hub” and go to Payments Tab. Then, click “Deposit Tab” and then click “Proceed.” Once you click “Proceed,’ you will have access to the available funding options.
Choose any of the supported payment solutions and make the initial deposit to initialize the trading process.
5. Wait for the deposit to be processed
This last step usually takes up to a couple of days. However, the first deposit is always slower than the following ones.
Fusion Markets vs. other brokers
Fusion Markets stand head-to-head with competitors and offer traders the best trading platform for Australian and international traders. We summarize some of the differences between Fusion Markets and other brokers in the table below:
|FEATURES||FUSION MARKETS||PEPPERSTONE||IC MARKETS|
|Minimum deposit||$0||$0 ($200 recommended)||$0|
|Number of deposit methods||12||9||9|
|Base Currencies||AUD, EUR, GBP, JPY, SGD, USD||USD, EUR, NZD, AUD, GBP, CHF, HKD, JPY, CAD, SGD||AUD, SGD, CHF, USD, GBP, JPY, CAD, EUR, NZD, HKD|
Fusion Markets deposit bonus
At the moment, Fusion Markets doesn’t offer a deposit bonus or any other related incentive. However, the traders on the platform can enjoy some of its features that more than make up for the absence of a deposit incentive.
Fusion Markets pros and cons
- No minimum deposit restriction to start.
- A good range of instruments are accepted.
- Several deposit/withdrawal methods to choose from. Traders can make a deposit with their credit/debit card as well.
- Traders from outside Australia require paying higher charges.
Fusion Markets has carved a niche for itself as a leading name in the trading and investment industry. With the no minimum deposit amount, individual traders who are working on a budget won’t be bothered about raising a specific huge trading capital to trade on Fusion Markets platform.
Unless you are a foreign trader, you can equally use Fusion Markets platform without paying a withdrawal/deposit fee. That is reassuring because this enables you to focus on your business without losing a portion of your investment capital as commissions or charges.
To learn more, read our Fusion Markets review.
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