If you’ve visited the Traders Union website, you may have noticed that Fusion Markets only offers two account types: ECN and social. That’s not the best news for social traders, but it is what it is. However, Fusion Markets does have ambitious expansion plans. Regardless of the lack of social trading features and ECN accounts, Fusion Markets’ commission policy makes up for it. As for their legal documents, they’re competent and there are no major problems.
Fusion Markets offers
Fusion Markets offers only two account types – personal and professional. Opening an account with Fusion Market is simple. After filling out a simple form, users can either sign up using their Google account or create an account through their own email address. Once a user has an account, they can begin trading immediately. To withdraw funds, Fusion Markets offers two methods: bank transfer and Visa or Master Card debit card. If you use a bank transfer, the funds should appear in your account within one to five business days. Please note that bank wires may take several days to appear in your account.
You can contact them via email, general email address, or phone number. Support is available twenty-four hours a day, seven days a week. Phone support is not available during weekends. If you are new to the forex industry, you can open a demo account at Fusion Markets and try it out free for a limited time.
Traders can fund their accounts with various methods, including credit cards, bank transfers, and bank wires. Fusion Markets does not charge for these methods, but it may require a fee from the banking service. Fusion Markets offers 0% fees for deposits and withdrawals, and there are no hidden charges or fees. Customers can choose the currency they wish to trade with. They do not charge for currency conversion, which can be convenient if you want to make large purchases or small investments.
It does not offer an ECN account option
When you register with a forex broker, you may wonder what is an ECN account. An ECN account is a type of online trading account that works by connecting two or more banks or liquidity providers. It provides access to a broad range of instruments at a low commission. There are several benefits to using an ECN account. These benefits make it a good choice for high-volume traders.
Unlike traditional market maker or STP accounts, ECN trading involves no middleman. Your broker executes your orders at the best price available, regardless of whether you want to trade small or large amounts. However, an ECN account is less predictable than traditional methods. The price of a single currency can fluctuate based on geopolitical issues, freak weather, and other factors. If you’re unfamiliar with ECN trading, you may want to open a demo account and practice before committing to an actual trading account.
Another benefit to an ECN account is the tight spreads. On major currency pairs, ECN spreads are always between 0 and one pip. The cost of trading fluctuates daily, and some brokers add a markup to the spread. Before opening an ECN account, make sure you’re aware of any limitations and restrictions. Also, be sure to read the guidelines of the broker to understand whether you should choose an ECN broker based on your financial situation.
It does not offer a social trading service
Traders Union evaluates brokerages using a proprietary methodology that includes over 100 criteria. Among these is the availability of Islamic accounts for Muslims, which allows them to trade without breaking Sharia law.
Social trading networks have become an increasingly popular way to invest in the stock market, and they allow novice and experienced investors to draw from the expertise of more seasoned traders. These networks are based on the same principles as social media. Subscribers can view other traders’ trading activities, copying their trades and strategies. Social trading platforms can also be integrated with a professional trading blog. It is worth noting that Traders Union does not offer a social trading service, but it does encourage traders to follow their signals.
Remarks
Social trading allows novices and experienced traders to learn from each other’s trades. It is also a fun and exciting way to learn on the job. By identifying who has a proven track record, social trading can boost new investor’s confidence. It also allows new traders to assess other traders’ credentials. If you are a beginner in the field, social trading is the ideal way to learn the ropes and gain valuable experience.