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Fusion Markets in Pakistan — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
Key facts (6 facts)
- Onboarding entity
- Pakistani retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA).
- Founded
- 2017
- Retail leverage
- 500PK
- Round turn
- 13.5 USDPK
- Currencies
- No PKR base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so rupee 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.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://fusionmarkets.com/About-us/Regulations
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- Pakistani retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA).
- Local standing
- Offshore (VFSC/Seychelles) for Pakistani clients; no local SECP authorisation and no local investor-compensation scheme; not verified on an SECP warning list.
- Licence as the register states it
- Served under Vanuatu VFSC reg. 40256 and Seychelles FSA licence SD096; Fusion Markets holds no Pakistani SECP licence.
- 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 Pakistani 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 an SECP warning list; main caveat is offshore entity vs local protection and PKR conversion.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (VFSC/Seychelles) for Pakistani clients; no local SECP authorisation and no local investor-compensation scheme; not verified on an SECP 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 Pakistan market median(priced from 36 of 62)
Medians run over the 36 of 62 brokers that publish a price for Pakistan, 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.
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 PKR base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so rupee deposits incur conversion.
- Fee declared
- 7 of 7 methods
- Withdrawal back to
- the funding method
Where it does not serve(19 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 | — | 0.9 |
| MetaTrader 5 | — | 0.9 |
| cTrader | — | 0.9 |
| TradingView | — | 0.9 |
| Forex pairs | 90+ | — |
| Shares | 100+ | — |
114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.
Identical for every row: Leverage 500 PK.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 4.8 | 9,848 |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(5 for and 3 against, each tied to a figure on this page)
- Min deposit 0 USD, under the Pakistan median 7.5
- Withdrawal in 1 h, one of 46 of 62 brokers here that publish a time
- Swap-free account available
- Payouts 99 of 100, its strongest of 6 scored axes
- 4 platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView
- Round turn 13.5 USD on the standard basis, over the Pakistan median 7
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 10 of 100, its weakest of 6 scored axes
Where Fusion Markets sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · this broker 13.5 USD · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 0 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:500 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(5 of 62 scored in Pakistan)
- Round turn, USD
- 14PK
- Min deposit, USD
- 5PK
- Leverage
- 5000PK
- Rank in this country
- #27
- Round turn, USD
- 9PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 3000PK
- Rank in this country
- #16
- Round turn, USD
- 8PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 200PK
- Rank in this country
- #8
- Round turn, USD
- 16PK
- Min deposit, USD
- 25 groupPK
- Leverage
- 1000 group
- Rank in this country
- #13
- Round turn, USD
- 5PK
- Min deposit, USD
- 10PK
- Leverage
- 2000PK
- Rank in this country
- #4
"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 Pakistan 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 | 58 |
| 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 Pakistan?
- No. Offshore (VFSC/Seychelles) for Pakistani clients; no local SECP authorisation and no local investor-compensation scheme; not verified on an SECP warning list. Onboarding entity: Pakistani retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA).
- Is Fusion Markets licensed to serve clients in Pakistan?
- Served under Vanuatu VFSC reg. 40256 and Seychelles FSA licence SD096; Fusion Markets holds no Pakistani SECP licence. Checked on 09.07.2026.
- How much does one round turn cost at Fusion Markets?
- About 13.5 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
- What leverage does Fusion Markets offer to retail clients in Pakistan?
- 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 Pakistani 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 Pakistan?
- Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT); no verified Pakistan-specific local rail.
- 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 Pakistan residents.
Cost calculator (median of 36 priced of 62)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.