Recalculated 2026-11-02 · Established 2017 · South African retail clients are onboard
Fusion Markets — South Africa
Fusion Markets is rated 3.54 out of 5 by our formula (Rank #20 of 70) for traders in South Africa: round turn 4.5 USD, residents accepted — Through an offshore entity.
Suits you if the round turn is 4.5 USD against a 7 USD median here · you can open with 0 USD · a swap-free account is available
Look elsewhere if it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- South African retail clients are onboarded under the offshore arms Gle
- Licence number
- SD096
- Established
- 2017group
- Min deposit, USD
- 0 USDgeo
- Platforms
- MetaTrader 4 · MetaTrader 5 · cTrader · TradingView
- Local funding
- Bank wire, Visa/Mastercard, Skrill, Neteller, Pa
- Max leverage
- 500geo
- EURUSD
- 0.92 pipsgroup
Accounts (3)
2 of 3 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| Fusion MarketsZero Account | — | 0advertised | 4.5per standard lot | 4.5round turn, USD | — |
| Fusion MarketsClassic Account | — | 0.92advertised | Anyper standard lot | 9.2round turn, USD | — |
No published cost per lot:
| |||||
This broker against the South Africa middle (81 of 104)
| Fusion Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 4.5 USD | 7.0 USD |
| Min deposit, USD | 0 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | under an hourgroup | 24.0 h |
| EURUSD, standard | 0.92 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2017group | 2009.0 |
| Platforms | 4 | 3.0 |
Onboards residents through an offshore entity
Offshore (VFSC/Seychelles) for SA clients; no FSCA authorisation and no local statutory compensation scheme; not verified on the FSCA warning list.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Fusion Markets.
- Who actually onboards you
- South African retail clients are onboarded under the offshore arms Gleneagle Securities Pt
- Licence number
- SD096
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 4.50+ 20.0% × 5.00+ 20.0% × 0.50+ 15.0% × 4.96+ 10.0% × 2.25+ 10.0% × 3.50= 3.54
Ranked against brokers measured on every axis
Licence check
- Licence number
- SD096
- Checked
- 2026-07-09
Who actually onboards you
South African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/o
Offshore entity
What each account gives you
Zero account (raw spreads from 0.0 pips + AUD 4.50/side commission) and Classic account (all-in spreads, no commission);
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
No minimum deposit; cards instant with $0 broker fee; international bank wires may incur ~USD 20-30; cost is ZAR-USD con
What the broker publishes about payouts
Trading software and asset classes (4)
MetaTrader 4 · MetaTrader 5 · cTrader · TradingView
250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs and crypto CFDs.
Reviews
# Fusion Markets Reviews 9,848 4.8
Where it wins, where it loses
Pros (3)
- Round turn 4.5 USD against a South Africa median of 7.0
- Swap-free account available
- Withdrawal published at under an hour
Cons (1)
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
Afghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Russian Federation, Spain, Somalia, Sudan, Syria, Ukraine, Yemen, United States
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- The broker's own documents
- 2fusionmarkets.com/About-us/Regulationsfusionmarkets.com · pageBroker
- Aggregators and directories
- 3tradersunion.comtradersunion.com · domainAggregator
FAQ (5)
Does Fusion Markets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Fusion Markets?
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.
What licence does Fusion Markets hold for South Africa?
Licence SD096.
What does one EURUSD lot cost at Fusion Markets?
4.5 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from Fusion Markets take?
Fusion Markets publishes under an hour. Their own wording: “85% of withdrawals are processed in under an hour^”.