Checked on: 2026-08-17 | Broker terms, regulation, and pricing can change. Always verify at the official PU Prime site before opening an account.

Affiliate Disclosure: HNL Growth may earn a commission if you open an account through our links, at no additional cost to you. Risk Warning: CFDs and leveraged forex products are complex instruments and carry a high risk of losing money rapidly due to leverage. 62.2% of retail investor accounts lose money when trading CFDs with this provider. Trading forex and CFDs may not be suitable for all investors. Consider your objectives, experience, and risk appetite before trading, and ensure you understand the risks involved. Broker Disclosure: PU Prime is a live, regulated multi-entity broker (not a simulated prop-firm evaluation) — trades are executed with real capital in live market conditions, subject to normal market risk. Which PU Prime entity holds your account depends on your country of residence and determines your leverage cap and protections.

Last verified: August 2026 | Editorial Team

Fusion Markets Alternatives 2026: What to Check Before You Switch

If you are researching Fusion Markets alternatives, the core question is practical: will switching lower your all-in trading costs, match or improve your regulatory standing, and fit your operational workflow without adding friction? This article compares Fusion Markets and PU Prime across cost, regulation, platforms, and funding using official sources only. It also addresses documented UGC concerns about Fusion Markets neutrally, separating verified facts from allegations you should check yourself. No broker is recommended by default. The decision framework below is designed to help you reach your own conclusion based on verified differentiators, not marketing copy.

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Disclosure: This page may contain affiliate links. We may earn a commission if you open an account through our links, at no extra cost to you.

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How This Comparison Works

What is compared: Fusion Markets' ASIC-regulated entity (AFS licence 226199) is the primary reference for Fusion Markets throughout this article. Where relevant, the VFSC (Vanuatu) and FSA Seychelles entities are noted separately, because client protections differ materially between jurisdictions. PU Prime's comparison data is drawn from its regulation page and spread and costs page.

Data sources and freshness: All cost figures and regulatory details were sourced from official broker pages as of Q3 2026. Spread figures are indicative — live spreads vary with market conditions and should be re-checked in-platform before you trade. Regulatory licence details must be verified directly against the named regulator's public register, not from this article alone.

What this comparison cannot do: It cannot verify live execution quality, real-world withdrawal processing times, or the outcome of individual account disputes. No live account testing, withdrawal transactions, or execution measurements were conducted for this article. Those limitations are covered explicitly in the What This Comparison Could Not Verify section.

Scope note: This article compares two brokers. Use the Five Questions checklist near the end to apply the same framework to any broker you evaluate independently.

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Regulatory Standing and Client Fund Protection

Regulation is the highest-stakes differentiator when switching brokers, so it comes first.

Fusion Markets

Fusion Markets operates under three regulatory entities. These are not interchangeable — each covers a different client base with different protections.

Attribute	ASIC Entity	VFSC Entity	FSA Seychelles Entity
Regulator	Australian Securities & Investments Commission	Vanuatu Financial Services Commission	Financial Services Authority (Seychelles)
Licence number	AFS 226199	Confirm at vfsc.vu	Confirm at fsaseychelles.sc
Segregated client funds	Required under ASIC rules	Stated by broker	Stated by broker
Negative balance protection	Required for retail clients under ASIC	Check entity terms	Check entity terms
Compensation scheme	No investor compensation fund (ASIC jurisdiction)	None	None
How to verify	asic.gov.au — search AFS 226199	vfsc.vu public register	fsaseychelles.sc public register

Important: The VFSC and FSA Seychelles are lighter-touch regulators than ASIC. If you are onboarded under the ASIC entity, you receive the full suite of ASIC retail client protections. If you are onboarded under the VFSC or FSA Seychelles — which is common for non-Australian residents — you receive different, generally lower, levels of statutory protection. Check which entity you are actually contracting with before depositing.

UGC flags requiring your own verification: Public review platforms and WikiFX have documented allegations that Fusion Markets' registered address does not correspond to ASIC licence 226199, and WikiFX has reported office verification failures in Australia. These are third-party review findings, not confirmed facts. WikiFX uses a field survey methodology; findings can reflect verification timing or access issues rather than confirmed wrongdoing. The correct action is to check the ASIC register yourself: search AFS 226199 at asic.gov.au and compare the registered legal entity address to the address shown on fusionmarkets.com. A discrepancy between a trading address and a registered legal address can be administrative rather than fraudulent, but it warrants personal verification before you deposit capital. This publication has not completed that check on your behalf.

PU Prime

According to its official regulation page, PU Prime has been operating since 2015 and is authorised and regulated by four financial authorities:

• Financial Services Authority of Seychelles (FSA)
• Financial Services Commission of Mauritius (FSC)
• Financial Sector Conduct Authority of South Africa (FSCA)
• Capital Market Authority of the UAE (CMA)

Each entity covers clients in its respective jurisdiction. As with Fusion Markets, which entity applies to you depends on your country of residence and how you are onboarded. Specific licence numbers are not reproduced in this article — verify them directly on each regulator's public register using the links below, not from the broker's website alone.

Verification links: fsaseychelles.sc · fsca.co.za

Regulatory tier note: Neither broker currently holds a licence from the FCA (UK), CySEC (EU), or MAS (Singapore) — regulators that carry mandatory investor compensation schemes. Traders in jurisdictions covered by those schemes should note this gap when assessing recourse options. PU Prime's most prominent licences (FSA Seychelles, FSC Mauritius) are lighter-touch frameworks comparable in tier to Fusion Markets' VFSC and FSA Seychelles entities; the FSCA and CMA add regional oversight but do not provide an investor compensation fund. No entity in either broker's structure offers investor compensation.

How to self-verify any broker licence in under two minutes: Go to the regulator's official domain directly in your browser (not via a link in the broker's own website navigation), use the public licence search, enter the licence number, and confirm the licensee name and current status match what the broker claims.

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All-In Trading Cost on the Same Benchmark

Cost is the most common reason traders switch brokers. The table below uses a 1-lot benchmark across major instruments. Fusion Markets figures are based on the ZERO account (commission-based, raw spreads); PU Prime figures are based on the ECN account for direct comparison, with the Standard account noted separately because it is accessible to far more retail traders.

Important before reading the table: The PU Prime ECN account requires a USD $10,000 minimum deposit. Fusion Markets ZERO has no stated minimum deposit. These accounts are not equivalent at the retail entry level. For traders with capital under $10,000, the relevant comparison is Fusion Markets ZERO (no minimum, $2.25/side commission on FX and metals) versus PU Prime Standard ($50 minimum, spread-only pricing) or PU Prime Prime ($1,000 minimum, $3.50/side). Calculate your actual per-trade cost at your typical lot size and volume before treating any tier comparison as conclusive.

Fusion Markets ZERO account: Raw spread + USD $2.25 commission per side (USD $4.50 round-turn) per lot on FX and metals — sourced from official Fusion Markets pricing page.

PU Prime ECN account: Raw spread from 0.0 pips + USD $1.50 commission per side (USD $3.00 round-turn) per lot. Minimum deposit: USD $10,000.

PU Prime Prime account: Raw spread from 0.0 pips + USD $3.50 per side (USD $7.00 round-turn). Minimum deposit: USD $1,000.

PU Prime Standard account: No commission; spread from 1.3 pips on EUR/USD. Minimum deposit: USD $50.

Instrument (1 lot)	Fusion Markets ZERO — typical spread	Commission (round-turn)	Typical all-in	PU Prime ECN — typical spread	Commission (round-turn)	Typical all-in
EUR/USD	~0.0 pips	$4.50	~$4.50	~0.0 pips	$3.00	~$3.00
GBP/USD	~0.0–0.2 pips	$4.50	~$4.50–$6.50	~0.0–0.2 pips	$3.00	~$3.00–$5.00
XAU/USD (gold)	~$0.10–0.15/oz spread equiv.	$4.50	~$14.50–$19.50	~$0.10–0.15/oz spread equiv.	$3.00	~$13.00–$18.00
WTI Crude	Verify at official Fusion Markets spread page	$0 (Classic) / $4.50 (ZERO)	Verify before trading	Verify at puprime.com/spread-and-costs	$3.00	Verify before trading
US500 (S&P 500)	Verify at official Fusion Markets spread page	Varies by account	Verify before trading	Verify at puprime.com/spread-and-costs	$3.00	Verify before trading
BTC/USD	Verify at official Fusion Markets spread page	Varies by account	Verify before trading	Verify at puprime.com/spread-and-costs	$3.00	Verify before trading

All figures are indicative, sourced from official broker pages as of Q3 2026. PU Prime's spread page carries this explicit disclaimer: "All values listed are for reference only, please check MT4/MT5 or the PU Prime mobile app for the most accurate values." Live spreads widen during news events and low-liquidity periods. Cells for WTI, US500, and BTC direct you to each broker's official spread page because reliable typical figures were not available from official sources at time of writing. Do not substitute estimates for official figures.

Adjusted scenario for sub-$10,000 traders

For a trader with $500 in capital executing ten 0.1-lot EUR/USD trades per week:

• Fusion Markets ZERO: ~$0.45/side commission × 2 sides = $0.90 round-turn per trade. Weekly cost: ~$9.00 in commission plus spread.
• PU Prime Standard ($50 minimum): No commission; spread-based cost from 1.3 pips per trade ($1.30 per 0.1 lot). Weekly cost: ~$13.00 in spread.
• PU Prime ECN: Not accessible — $10,000 minimum not met.

This scenario illustrates that the ECN commission advantage applies only above the $10,000 threshold. Below that level, spread-versus-commission depends on your lot size and frequency. Build the same calculation with your actual figures before deciding.

Hidden cost audit

Cost item	Fusion Markets	PU Prime
Deposit fee	None stated on official page	None stated on official page
Withdrawal fee	None stated on official page	None stated on official page
Inactivity fee	Not confirmed from official pages — contact broker directly or check current terms and conditions	Not confirmed from official pages — contact broker directly or check current terms and conditions
Swap/rollover	Charged on positions held overnight — verify instrument-specific rates on official Fusion Markets page	Charged on applicable positions — verify current rates at spread-and-costs page and in-platform

Swap rates change with underlying interest rate conditions. Verify current rates on each broker's platform or official spread page before holding overnight positions. Inactivity fees could not be confirmed from official pages available at time of writing — verify with each broker directly.

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Account Types and Trader Fit

Fusion Markets

• Classic account: No commission, wider spread, no minimum deposit. Suited to lower-frequency traders and beginners testing the broker.
• ZERO account: Raw spread plus $2.25/side commission on FX and metals. No stated minimum deposit. Suited to higher-frequency traders and scalpers where tight spreads reduce per-trade cost.

PU Prime

According to the account opening page:

• Cent account: $20 minimum deposit. Positions sized in cents. Useful for testing strategies or getting comfortable with a live environment at minimal capital exposure.
• Standard account: $50 minimum deposit. No commission; spreads from 1.3 pips on EUR/USD. The recommended entry point for most retail traders per PU Prime's own guidance.
• Prime account: $1,000 minimum deposit. Raw spreads from 0.0 pips plus $3.50/side commission. For experienced traders who trade frequently.
• ECN account: $10,000 minimum deposit. Raw spreads from 0.0 pips plus $1.50/side commission. For professional and high-volume traders.

Strategy-fit matrix

Trader profile	Relevant tier to compare	Consideration
High-frequency scalper with $10,000+	PU Prime ECN vs Fusion Markets ZERO	PU Prime ECN commission is lower ($1.50 vs $2.25/side) at this capital level; both offer raw spreads
High-frequency scalper $1,000–$9,999	Fusion Markets ZERO vs PU Prime Prime ($1,000 min)	PU Prime Prime commission ($3.50/side) is higher than Fusion Markets ZERO ($2.25/side) at this tier; calculate at your volume
High-frequency scalper under $1,000	Fusion Markets ZERO (no minimum)	No raw-spread account at PU Prime below $1,000; PU Prime Standard is spread-only
Swing trader (moderate volume)	PU Prime Standard ($50 min) vs Fusion Markets Classic ($0 min)	Cost difference is spread-driven; calculate at your typical lot size
Position trader (low frequency)	Either — overnight financing matters more than spread	Compare swap rates on your specific instruments before deciding
Small account ($0–$999)	Fusion Markets Classic ($0 min) or PU Prime Cent ($20) / Standard ($50)	Fusion Markets Classic has no minimum deposit; PU Prime Cent starts at $20
Multi-asset trader	PU Prime lists ETFs, bonds, and synthetic indices on its official products page; Fusion Markets is strongest on FX and metals	Verify current instrument availability on each official products page before deciding
Trader requiring investor compensation fund	Neither broker	Neither broker's entities offer an investor compensation fund; consider FCA or CySEC-regulated alternatives

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Platforms, Tools, and Execution

Fusion Markets: MetaTrader 4, MetaTrader 5, and TradingView integration are listed on the official Fusion Markets platform page. TradingView integration with live order execution is stated on that page — confirm the current scope on the official Fusion Markets platform page and TradingView's own broker listing before relying on this feature, as integration capabilities can change without notice.

PU Prime: MetaTrader 4, MetaTrader 5, and the PU Prime proprietary mobile app are available per official pages. The account opening page recommends MT5 as the more capable option for new account holders. PU Prime also offers access to a 24/7 gold trading instrument (XAUUSD247) beyond traditional trading hours, per its official products page. TradingView integration is not currently listed on official PU Prime pages — verify directly at puprime.com before treating this as a differentiator.

What cannot be independently verified from official pages: Live slippage rates, requote frequency, order fill speed under congested market conditions, and latency to liquidity providers. Neither broker publishes independently audited execution statistics. Do not base platform selection on execution quality claims in any article, including this one, without testing with a small initial deposit on conditions relevant to your strategy.

Compare PU Prime account types and open a live account

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Funding, Withdrawal, and Operational Practicality

Step	Fusion Markets	PU Prime
Minimum deposit	$0 (Classic and ZERO accounts, per official page)	$20 (Cent), $50 (Standard), $1,000 (Prime), $10,000 (ECN)
Account opening	Online form	Online form — approximately 10–15 minutes of active work per official page; wrong account type selection or poor document quality can extend the process
KYC documents required	Government-issued ID, proof of address	Government-issued ID; proof of address dated within 3 months (utility bill, bank statement, or equivalent — per official page)
Verification time (stated)	Fusion Markets states 90% of accounts approved within the same hour — broker-stated internal statistic, not independently audited	PU Prime states a few hours to one business day during business days — broker-stated estimate, not independently audited; document quality affects outcome
Deposit methods	Card, bank transfer, crypto, e-wallets — verify current list on official page	Credit/debit card, bank wire, Skrill, Neteller, and local payment methods — per account opening page
Deposit fee	None stated	None stated
Withdrawal methods	Match to deposit methods — verify on official page	Match to deposit methods — verify on official page
Withdrawal time (stated)	Fusion Markets states 85% of withdrawals completed internally within one hour — internal processing statistic; client receipt time also depends on payment method and receiving institution; not independently audited	Card and e-wallet methods stated as faster than bank transfer; no equivalent percentage statistic published — verify current guidance on official page
Withdrawal fee	None stated	None stated

What triggers delays at any broker: Incomplete KYC, payment method mismatch (withdrawal must typically return to the original funding source), regulatory reporting thresholds for large amounts, and requests submitted outside business hours for methods requiring manual review.

Reader advisory: Before transferring your full capital to any broker, test the deposit and withdrawal process with a small amount first. This applies equally to both brokers and is the most practical verification step available to a retail trader.

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Who Should Switch and Who Should Stay

Consider switching to PU Prime if:

• You want a lower commission rate at the highest-volume tier and can meet the $10,000 ECN minimum deposit
• You need access to a broader stated asset range, including ETFs, bonds, and synthetic indices listed on PU Prime's official products page — verify current instrument availability before switching
• You want a $50 Standard account with straightforward spread-only pricing and no per-trade commission calculation
• You prefer MT4/MT5 and the PU Prime proprietary app and do not require TradingView-linked order execution
• The UGC concerns documented about Fusion Markets in the next section have not been resolved to your satisfaction after your own verification of the ASIC register

Stay with Fusion Markets if:

• You currently use the ZERO account and are comfortable with the $2.25/side commission structure on an established workflow
• The $0 minimum deposit is operationally important to your capital management approach
• You have independently verified ASIC licence 226199 and are onboarded under the ASIC entity with confirmed retail client protections
• You rely on TradingView live order execution and have confirmed it functions as expected for your strategy
• Your cost calculation shows no meaningful saving from switching at your actual volume and instrument mix

Neither broker is a fit if:

• You require a broker covered by an investor compensation fund (FCA UK, CySEC EU)
• You are in a jurisdiction where either broker explicitly states it does not operate

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Reported Concerns About Fusion Markets: What to Check Yourself

This section addresses documented public concerns. None of the items below have been independently verified by this publication. They are presented as documented complaints or third-party review findings to inform your own due diligence, not as confirmed facts.

User-reported strengths (Trustpilot, Forex Peace Army): Users have reported positive experiences with customer support responsiveness and competitive spreads. These are user-reported impressions, not independently verified performance data.

WikiFX office verification flags: WikiFX has published negative office verification findings for Fusion Markets in Australia, including reports that physical premises could not be confirmed at the address associated with the licence. WikiFX uses a field survey methodology with known limitations; findings can reflect verification timing, access issues, or administrative address differences rather than confirmed wrongdoing. They nonetheless warrant your own register check.

Reported deposit and withdrawal issues: Public review platforms contain documented complaints about deposits not being credited despite blockchain confirmation, verification processes requiring repeated document submissions without resolution, and funds being reported as inaccessible. These complaints are recorded on named public platforms. Individual account disputes cannot be editorially verified for resolution status or contextualised from the public record alone. If you experience a similar issue, contact the broker directly first; if unresolved, escalate to the relevant regulator — ASIC at asic.gov.au for clients under the Australian entity.

Escalating deposit demands: Some public reviews describe users being asked for additional deposits under various justifications after initial funding. Regardless of which broker this involves, this pattern is a recognised fraud indicator in the retail trading industry. No regulated broker should pressure you to make additional deposits to unlock withdrawals or resolve account issues. If you encounter this, stop, document all communications, and contact the relevant regulator immediately.

Domain concerns: UGC sources have referenced alternative domains in connection with Fusion Markets. Do not use any broker URL that you did not obtain directly from the official regulator's register or the broker's independently verified main domain. Cold-contact messages, forum links, and referral URLs should be treated with caution regardless of source.

How to verify ASIC licence 226199 yourself:

1. Go to asic.gov.au directly in your browser — do not follow a link from a third party.
2. Use the ASIC Connect Professional Registers search.
3. Enter AFS licence number 226199.
4. Confirm: licensee name, current licence status, and registered address.
5. Compare the registered address to the address displayed on fusionmarkets.com.
6. If there is a discrepancy, do not dismiss it as automatically administrative — seek written clarification from the broker and consider whether to proceed.

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What This Comparison Could Not Verify

Being explicit about limitations is more useful than false confidence.

• Live execution quality: Slippage rates, requote frequency, and fill speed under real market conditions for either broker are not independently verifiable from official pages. No execution data was obtained for this article.
• Withdrawal processing times in practice: Both brokers publish processing estimates (Fusion Markets: 85% under one hour internally; PU Prime: hours to one business day). These are broker-stated estimates, not independently audited. Actual client receipt times depend on payment method, KYC status, amount, and the receiving institution.
• Resolution outcomes for documented complaints: Public complaints about deposit non-crediting and withdrawal blocks cannot be assessed for resolution status or contextualised from the public record alone.
• Fusion Markets ASIC address discrepancy: This article flags the discrepancy reported by WikiFX and advises readers to verify at asic.gov.au. This publication has not independently confirmed whether a discrepancy exists, how material it is, or whether Fusion Markets has responded to these specific allegations. That check remains your responsibility before depositing.
• PU Prime licence numbers per regulator: The official regulation page confirms regulatory oversight by FSA Seychelles, FSC Mauritius, FSCA South Africa, and CMA UAE. Specific licence numbers are not reproduced here. Verify them directly on each regulator's public register using the links provided above.
• PU Prime live spread data per instrument: PU Prime's official spread page explicitly states figures are for reference only; in-platform figures may differ. Re-check puprime.com/spread-and-costs/ and verify in MT4/MT5 or the PU Prime app before trading.
• Inactivity fees for both brokers: Not confirmed from official pages available at time of writing. Contact each broker directly or check current terms and conditions.
• Fusion Markets instrument count by asset class: Current official instrument counts were not available at time of writing. Check the official Fusion Markets markets page for current figures.

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Five Questions to Answer Before Switching Brokers

Before transferring any capital, answer these:

1. Can I verify this broker's licence on the official regulator's public register right now? Where to check: For ASIC — asic.gov.au. For PU Prime's FSA licence — fsaseychelles.sc. For PU Prime's FSCA — fsca.co.za. Search by licence number, not broker name alone.

2. What is my actual all-in cost per lot on my primary instrument at this broker versus my current broker? Where to check: Official spread pages for each broker. Formula: (typical spread in pips × pip value) + (commission per side × 2). Apply it to your real monthly volume. Note that PU Prime's official spread page flags figures as reference values — verify in-platform before trading.

3. Have I tested the deposit and withdrawal process with a small amount before transferring full capital? Why it matters: Stated processing times and actual client experience can differ. A small test transaction before a large transfer is the most reliable verification step available to a retail trader.

4. Does this broker's platform support my strategy without feature gaps that would change my approach? Where to check: Official platform pages for each broker. For TradingView integration specifically, confirm on both the broker's platform page and TradingView's own broker listing whether live order execution is supported or charts only.

5. What happens to my open positions and funds if this broker ceases operations or my entity changes? Where to check: The terms and conditions for the specific entity under which you are onboarded. For ASIC-regulated entities, review ASIC's client money guidance. For lighter-touch jurisdictions (VFSC, FSA Seychelles, FSC Mauritius), no compensation fund exists — your recourse is the regulator complaint process, which has no guaranteed outcome.

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FAQ

Is Fusion Markets regulated? Fusion Markets holds three regulatory licences: ASIC (AFS 226199), VFSC (Vanuatu), and FSA (Seychelles). Which entity applies to you depends on your country of residence. ASIC provides the strongest retail client protections of the three. Verify current licence status at asic.gov.au.

What is the cheapest account type for EUR/USD trading at each broker? At Fusion Markets, the ZERO account offers raw spreads from approximately 0.0 pips plus $2.25/side commission — no minimum deposit. At PU Prime, the ECN account offers the lowest commission ($1.50/side) but requires a $10,000 minimum. For traders with less than $1,000, the practical comparison is Fusion Markets ZERO (no minimum) versus PU Prime Standard ($50 minimum, spread-only from 1.3 pips). Which is cheaper depends on your volume — calculate per-trade cost at your typical lot size before deciding.

How long does withdrawal take at Fusion Markets versus PU Prime? Fusion Markets states that 85% of withdrawals are completed internally within one hour — this refers to internal processing, not necessarily when funds arrive in your account. PU Prime states that card and e-wallet withdrawals are typically faster than bank transfers, but does not publish an equivalent percentage statistic. Neither figure is independently audited. Bank transfers take longer at both brokers. Test with a small withdrawal before relying on stated timelines for larger amounts.

Can I use TradingView with both brokers? TradingView integration with live order execution is listed on Fusion Markets' official platform page. TradingView integration is not currently listed on PU Prime's official platform pages — verify directly on puprime.com before treating this as a deciding factor.

What is the minimum deposit to start live trading? Fusion Markets: $0 on both Classic and ZERO accounts (per official page). PU Prime: $20 on the Cent account, $50 on the Standard account, $1,000 on Prime, $10,000 on ECN. (PU Prime account details)

How do I open a PU Prime account? The process involves five steps per the official account opening page: register on the broker's website (approximately 2 minutes), complete the KYC questionnaire, upload a valid government-issued ID and proof of address dated within 3 months, wait for verification (typically a few hours to one business day during business days), then fund and trade. Active account-opening work takes approximately 10–15 minutes. Poor-quality document photos are the most common cause of verification delays. Start a PU Prime account opening

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Risk warning: CFDs and leveraged forex products are complex instruments and carry a high risk of losing money rapidly due to leverage. Consider whether you understand how these products work and whether you can afford to take the high risk of losing your capital. Check the entity, terms and protections that apply in your jurisdiction before trading.

Jurisdiction note: PU Prime and Fusion Markets each operate under multiple regulatory entities. The entity under which you are onboarded determines which terms, protections, and recourse mechanisms apply to you. These may differ materially from the most prominent licence cited in marketing material. Verify your specific entity before depositing.

Affiliate disclosure: This page contains affiliate links. We may earn a commission if you open an account through our links, at no extra cost to you. This does not affect our editorial assessment.