Fusion Markets Deposit and Withdrawal In Detail | $0 Fees

Pros

Cons

  • Various deposit and withdrawal options
  • No fees on deposit or withdrawal
  • Several account currencies
  • Withdrawal fees for non-Australian clients on bank transfers

Introduction

Fusion Markets is an Australian forex and CFD broker that was founded in 2010. Fusion Markets offers a variety of trading instruments like forex, CFD, metals, and commodities with lower cost than other brokers. It’s also regulated by ASIC and VFSC.

Account Currencies

The Fusion Markets account has 8 currency options which are:

  • USD
  • EUR
  • AUD
  • CAD
  • GBP
  • JPY
  • SGD
  • THB

Notes:

  • You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
  • If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

Fusion Markets supports depositing using different methods such that:

  • Paypal
  • Paysafe (formerly Skrill)
  • Neteller
  • Visa
  • Mastercard
  • Perfect Money
  • FasaPay
  • Wire transfers

Fusion Markets deposit methods

 

Fusion Markets

Credit cards

Yes

Bank Transfers

Yes

Electronic wallet

Yes

Fees

Fusion Markets does not charge fees on funding your account if you fund with Visa or Mastercard. Also wire transfers from Australia to Australian accounts incur no fees.

On the other hand, if you deposit your money from an international bank, there will be a fee of $20-$30.

Time

Depositing using credit/ debit cards or electronic wallets happens instantly while using bank transfers, it may take 2- 5 business days.

How to make a deposit?

You can make a deposit into your Fusion Markets account by following these steps:

  • Login to your Fusion Markets account
  • Go to your account hub
  • Click on ‘Payments’
  • Choose the ‘Deposit’ tab
  • Choose the account you want to deposit money to
  • Choose the deposit method you want
  • Enter the amount and proceed

Withdrawal

Fusion Markets has several withdrawal options as the following:

  • Skrill
  • Neteller
  • PayPal
  • Perfect Money
  • Bank transfer
  • Visa
  • Mastercard

Fusion Markets withdrawal methods and fees

 

Fusion Markets

Bank Transfers

Yes

Credit cards

Yes

Electronic wallet

Yes

Fee

$0

Fees

Fusion Markets does not charge any withdrawal fees on bank transfer and other withdrawal methods as well. On the other hand, your bank may use an intermediary bank where fees are between $15-$25.

Fusion Markets also apologies a minimum withdrawal amount of $30 for wire transfers which is free of charge for Australian clients.

Time

Fusion markets will process your withdrawal on the same day if your withdrawal was received before 11 am AEDT. Otherwise, it will be processed the next day.

Fusion Markets makes sure to make you receive your money within 1 – 5 business days for credit/ debit cards while the time of bank transfers may be 2 to 5 business days.

How to make a withdrawal?

You can make a withdrawal from your Fusion Markets account by following these steps:

  • Login to your Fusion Markets account
  • Go to your account hub
  • Click on ‘Payments’
  • Choose the ‘Withdrawal’ tab
  • Choose the account you want to withdraw money from
  • Choose the transfer method you want
  • Enter the amount and proceed

Notes:

  • Depending on the method that you used to fund your account, funds will be returned or ‘matched’ to this method first.
  • For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

  1. What’s the minimum deposit at Fusion Markets?
  • There is no minimum amount to deposit. You should start with what you feel most comfortable with. However, on average, most clients fund with $1500 and above.
  1. How much is the maximum deposit of Fusion Markets?
  • You can fund as much as you like, but when using a Visa or Mastercard, we recommend a maximum of AUD 25,000 or equivalent at a time to reduce rejections from Visa or Mastercard.
  1. Can I deposit using PayPal?
  • Yes. Fusion Markets offers PayPal for clients fee-free. You can use PayPal Wallet or their Credit or Debit Card option.
  1. Does Fusion Markets accept broker to broker transfer?
  • Yes, Fusion Markets accepts broker to broker funds transfer. If you’d like a copy of the form to send to your broker, please contact us.
  1. Does Fusion Markets give a bonus?
  • No, it doesn’t.
  1. Does Fusion Markets allow hedging?
  • Yes, Fusion markets allow hedging.
  1. Does Fusion Markets offer a swap-free account?
  • Unfortunately, Fusion Markets does not provide swap-free or an islamic account options.
  1. Does Fusion Markets accept payments from third parties?
  • No, the payments should be under the account name in order to be accepted.

 



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