Cryptocurrency Q&A
What is the difference between zero account and classic account in Fusion Markets?
What is the difference between zero account and classic account in Fusion Markets?
Giulia
Sun Sep 15 2024
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7 answers
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Could you please elaborate on the key differences between a zero account and a classic account offered by Fusion Markets? I'm particularly interested in understanding how these two account types vary in terms of trading conditions, fees, spreads, and any other distinguishing features that might impact traders' decision-making process. Additionally, are there any specific requirements or eligibility criteria for opening either of these accounts?
7 answers
ShintoSanctum
Tue Sep 17 2024
Trading fees are a crucial aspect of cryptocurrency exchanges, and two popular account types offer distinct fee structures: the Zero account and the Classic account. The Zero account stands out for its competitive pricing, with spreads starting from an impressively low 0.0 pips.
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CryptoChieftainGuard
Tue Sep 17 2024
Accompanying this ultra-tight spread is a commission of $4.50 per trade. This fee structure allows traders to precisely calculate their costs upfront, making it an attractive option for those seeking transparency and cost-efficiency.
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CryptoGuru
Tue Sep 17 2024
On the contrary, the Classic account integrates the commission into the spread. This approach simplifies the fee structure but can make it challenging to pinpoint the exact cost per trade. Nonetheless, it remains a popular choice among traders who prefer a straightforward pricing model.
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HanRiverWave
Mon Sep 16 2024
When comparing the overall trading costs, the Zero account emerges as the more cost-effective option. With all expenses included, the total cost of trading with the Zero account amounts to approximately 0.5 pips.
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Claudio
Mon Sep 16 2024
In contrast, the Classic account, with its commission included in the spread, incurs an overall cost of around 0.9 pips. This difference in trading costs can significantly impact traders' profitability, especially those engaging in high-volume trades.
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