Fusion Markets — South Africa
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
- not stated
- Platforms
- MetaTrader 4 · MetaTrader 5 · cTrader · TradingView
- Local funding
- Bank wire, Visa/Mastercard, Skrill, Neteller, Pa
- Max leverage
- 500geo
- EURUSD
- 0.92 pipsgroup
This broker against the South Africa middle (60 of 104)
| Fusion Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 4.5 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | under an hour hgroup | 24.0 h |
| EURUSD, standard | 0.92 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2017group | 2009.5 |
| Platforms | 4 | 3.0 |
Accepts residents of South Africa
No
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
South African retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/o
Entity not established
Cost per round turn, and the South Africa middle (60 of 104)
raw+commission
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
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);
What the broker publishes about payouts
Reviews
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.
Trading profits and South Africa tax
SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres
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 h
Cons (3)
- No local licence: the client is onboarded by a foreign entity
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
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
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- fusionmarkets.com/About-us/Regulations page
- fsca.co.za domain
- tradersunion.com domain
FAQ (5)
Does Fusion Markets accept residents of South Africa?
No.
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 60 of 104 brokers.
How long does a withdrawal from Fusion Markets take?
under an hour hours as published. 85% of withdrawals are processed in under an hour^