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Fullerton Markets in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%65
- Round-turn cost20%90
- Safety20%10
- Payouts15%40
- Track record10%55
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Fullerton Markets International Ltd
- Founded
- 2015
- Retail leverage
- 500ZA
- Round turn
- 7 USDZA
- Currencies
- No ZAR base account verified; USD.
- Swap-free account
- yes
Licence check
Open an account with Fullerton MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Fullerton Markets International Ltd
- Local standing
- Unregulated offshore; not authorised by FSCA. No specific FSCA alert on Fullerton verified.
- Licence as the register states it
- No FSCA licence; offshore SVG registration only.
- Leverage for this entity
- Up to 1:500.
- The firm behind it
- Founded 2015 (Mario Singh), Auckland NZ; moved offshore to St Vincent & Grenadines (FMIL) in 2018. APAC-focused.
- What we hold against it
- Unregulated; no FSCA cover; WikiFX ~1.7/10; withdrawal complaints reported.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUnregulated offshore; not authorised by FSCA. No specific FSCA alert on Fullerton verified.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard/ECN-style accounts, specific tiers not verified at review. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Fullerton Markets sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 7 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Cards | 24 | 0 | 50 |
| Wire | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 0 local rails)
No verified ZAR local transfer;
- Cards
- Wire
- Account currency
- No ZAR base account verified; USD.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(10 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- CopyPip
Identical for every row: Min spread 0.8 · Leverage 500 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | — |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(3 for and 3 against, each tied to a figure on this page)
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, CopyPip
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 72 h, over the South Africa median 24
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 7ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 500ZA
- Rank in this country
- #24
- Round turn, USD
- 7ZA
- Min deposit, USD
- 200ZA
- Leverage
- 400ZA
- Rank in this country
- #30
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
- Round turn, USD
- 8ZA
- Min deposit, USD
- 100ZA
- Leverage
- 500ZA
- Rank in this country
- #40
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100ZA
- Leverage
- 200ZA
- Rank in this country
- #41
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | Fullerton Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 55 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Fullerton Markets accept residents of South Africa?
- No. Unregulated offshore; not authorised by FSCA. No specific FSCA alert on Fullerton verified. Onboarding entity: Fullerton Markets International Ltd
- Is Fullerton Markets licensed to serve clients in South Africa?
- No FSCA licence; offshore SVG registration only. Checked on 09.07.2026.
- How much does one round turn cost at Fullerton Markets?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Fullerton Markets offer to retail clients in South Africa?
- Up to 1:500. leverageGeo: Up to 1:500.
- Which trading platforms does Fullerton Markets support?
- MT4, MT5, CopyPip. Instruments: FX, metals, indices, crypto, shares.
- How can I withdraw money from Fullerton Markets in South Africa?
- No verified ZAR local transfer; cards/wire; local rails not confirmed at review.
- What account types does Fullerton Markets offer?
- Standard/ECN-style accounts; specific tiers not verified at review.
- Does Fullerton Markets offer a swap-free (Islamic) account?
- Yes. Fullerton Markets offers a swap-free (Islamic) account to South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://fsca.co.za
Not tax advice. Check with SARS.