Opening an Account with Fusion Markets in India

Fusion Markets is well-known in the international community for its low costs. For a trader in India, the signup process is straightforward, but there are specific regulatory and practical realities you need to understand before you start.

This guide walks you through the registration process, what documents you'll need, and the exact costs you can expect when funding your account from India.

Signing Up for an International Broker from India

Registering with Fusion Markets is fast. The typical process for a retail trader is:

The online form takes minutes to complete. Fusion Markets will onboard you under one of their offshore entities - either Gleneagle Securities Pty Limited (Vanuatu VFSC) or Fusion Markets International Ltd (Seychelles FSA) - which is standard for brokers serving the Indian market.

KYC and Verification: What You'll Need

You will be asked to verify your identity and address. Since Fusion Markets uses an offshore entity for Indian clients, the process follows standard international KYC requirements. You'll typically need:

• A valid government-issued photo ID (Passport or National ID).
• A recent utility bill or bank statement for proof of address.

The Regulatory Picture: What You Need to Know

Indian residents are not permitted to trade retail FX/CFDs in non-INR pairs via offshore brokers under RBI/FEMA rules. Fusion Markets holds no SEBI registration in India. The RBI's Alert List of unauthorised forex trading platforms as of 19 November 2025 includes Fusion Markets among 95 entities.

Trading spot forex or CFDs with offshore brokers is illegal for Indian residents, and remitting funds abroad for margin forex trading is not a permitted use under the Liberalised Remittance Scheme (LRS). The RBI Master Direction on Electronic Trading Platforms prohibits operating a forex trading platform in India without RBI authorisation.

If you choose to trade with an offshore broker, you are operating outside the permitted framework under Indian law. This is a compliance burden that is entirely your own.

Choosing Your Account: Zero or Classic

You have two primary account types, with no minimum deposit required for either.

On the Zero account, your round-trip cost for EUR/USD is approximately zero spread plus AUD 9.00 per lot in commissions, placing Fusion Markets among the lowest-cost brokers globally.

The Classic account bundles the cost into a wider spread but removes the per-trade commission. Your choice depends on your trading frequency and style.

Funding Your Account from India

There is no UPI or local INR rail available at the time of review. Your account will not have an INR base currency, so you will incur a conversion cost with every deposit.

Your funding options include bank wire, Visa/Mastercard, Skrill, Neteller, PayPal, and crypto (BTC/USDT).

International bank wires may incur fees of around USD 20-30 and subject to intermediary bank charges. Credit cards are instant with no broker fee, but your bank will charge an FX conversion fee on the INR-to-USD transaction.

Withdrawals follow the same methods. The INR-USD conversion is your primary hidden cost, not the broker's fee.

Trading Platforms and Instruments

Once your account is live, you can trade on MetaTrader 4, MetaTrader 5, cTrader, or through TradingView integration (all available on desktop, web, and mobile).

Fusion Markets offers 250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs, and crypto CFDs.

Leverage and Risk

Fusion Markets offers high leverage not capped by any local Indian regulator:

This is a tool that requires careful risk management.

Islamic/Swap-Free Accounts

A swap-free or Shariah-compliant account option is available upon request. This is relevant for Indian Muslim clients who need to comply with Islamic finance principles.

Key Limitations

Your account is served under Vanuatu VFSC (reg. 40256) or Seychelles FSA (licence SD096). Client protection schemes associated with top-tier regulators like FCA or ASIC do not apply in the same way.

There are no deposit bonus offers. Repatriating funds through the LRS scheme is restricted for forex trading purposes.

Decision Framework

Fusion Markets makes sense for traders who:

• Prioritise institutional-grade spread costs and are comfortable managing their own compliance.
• Are comfortable with digital payment methods like Skrill, Neteller, or crypto.

Fusion Markets may not be suitable for traders who:

• Prefer a broker with a direct local license and local regulatory oversight.
• Need instant INR-based deposits and withdrawals via UPI.

Trading with an offshore broker operates in outside the permitted framework for Indian residents and carries a compliance burden that is entirely your own.