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Fusion Markets in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%90
- Round-turn cost20%100
- Safety20%10
- Payouts15%99.2
- Track record10%45
- Platforms10%70
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- South African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local FSCA entity.
- Founded
- 2017
- Retail leverage
- 500ZA
- Round turn
- 4.5 USDZA
- Currencies
- No ZAR base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so ZAR deposits incur conversion.
- Swap-free account
- yes
Licence check
Open an account with Fusion MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- South African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local FSCA entity.
- Local standing
- Offshore (VFSC/Seychelles) for SA clients; no FSCA authorisation and no local statutory compensation scheme; not verified on the FSCA warning list.
- Licence as the register states it
- Served under Vanuatu VFSC reg. 40256 and Seychelles FSA licence SD096; Fusion Markets is not FSCA-authorised in South Africa.
- Leverage for this entity
- Up to 1:500 on FX majors and metals, 1:100 indices/energies, 1:20 crypto CFDs; not capped by a local SA regulator.
- The firm behind it
- Founded 2017 in Australia (HQ Melbourne); low-cost raw-spread/ECN forex and CFD broker.
- What we hold against it
- Not verified on the FSCA warning list; main caveat is offshore entity (no FSCA licence) vs local protection.
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 youOffshore (VFSC/Seychelles) for SA clients; no FSCA authorisation and no local statutory compensation scheme; not verified on the FSCA warning list.
- 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: Zero account (raw spreads from 0.0 pips + AUD 4.50/side commission), Classic account (all-in spreads, no commission), no minimum deposit. 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 Fusion 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 4.5 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 0 USD · 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
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (7 methods · 0 local rails)
Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT);
- Bank wire
- Visa
- Mastercard
- Skrill
- Neteller
- PayPal
- Crypto
- Account currency
- No ZAR base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so ZAR deposits incur conversion.
- Fee declared
- 7 of 7 methods
- Withdrawal back to
- the funding method
Where it does not serve(16 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(6 platforms)
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MetaTrader 4 | — | 0.92 |
| MetaTrader 5 | — | 0.92 |
| cTrader | — | 0.92 |
| TradingView | — | 0.92 |
| Forex pairs | 90+ | — |
| Shares | 100+ | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 500 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 4.8 | 9,848 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(6 for and 2 against, each tied to a figure on this page)
- Round turn 4.5 USD on the raw + commission basis, under the South Africa median 7
- Min deposit 0 USD, under the South Africa median 50
- Withdrawal in 1 h, one of 86 of 103 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 4 platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #34
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
- Round turn, USD
- 4.2ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 200ZA
- Rank in this country
- #23
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 10ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 2000 group
- Rank in this country
- #64
- Round turn, USD
- 6ZA
- Min deposit, USD
- 10ZA
- Leverage
- 5000ZA
- Rank in this country
- #5
"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 | Fusion Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 90 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| 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 | 99 |
| Track record | 10% | Years since the firm was founded, from its own filings | 45 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 70 |
FAQ
- Does Fusion Markets accept residents of South Africa?
- No. Offshore (VFSC/Seychelles) for SA clients; no FSCA authorisation and no local statutory compensation scheme; not verified on the FSCA warning list. Onboarding entity: South African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local FSCA entity.
- Is Fusion Markets licensed to serve clients in South Africa?
- Served under Vanuatu VFSC reg. 40256 and Seychelles FSA licence SD096; Fusion Markets is not FSCA-authorised in South Africa. Checked on 09.07.2026.
- How much does one round turn cost at Fusion Markets?
- About 4.5 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Fusion Markets offer to retail clients in South Africa?
- Up to 1:500. Up to 1:500 on FX majors and metals, 1:100 indices/energies, 1:20 crypto CFDs; not capped by a local SA regulator.
- Which trading platforms does Fusion Markets support?
- MetaTrader 4, MetaTrader 5, cTrader, TradingView. Instruments: 250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs and crypto CFDs.
- How can I withdraw money from Fusion Markets in South Africa?
- Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT); no verified ZAR instant-EFT local rail at review.
- What account types does Fusion Markets offer?
- Zero account (raw spreads from 0.0 pips + AUD 4.50/side commission) and Classic account (all-in spreads, no commission); no minimum deposit.
- Does Fusion Markets offer a swap-free (Islamic) account?
- Yes. Fusion 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://fusionmarkets.com/About-us/Regulations
Not tax advice. Check with SARS.