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Fusion Markets in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%85
- 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
- Kenyan 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
- 500KE
- Round turn
- 4.5 USDKE
- Currencies
- No KES base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so shilling 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 Kenya residents
- Kenyan 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 Kenyan clients; no local CMA authorisation and no local investor-compensation scheme; not verified on a CMA warning list.
- Licence as the register states it
- Served under Vanuatu VFSC reg. 40256 and Seychelles FSA licence SD096; Fusion Markets holds no Kenyan CMA 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 Kenyan 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 a CMA warning list; main caveat is offshore entity vs local protection (Kenya's CMA licenses local FX brokers, Fusion is not one).
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (VFSC/Seychelles) for Kenyan clients; no local CMA authorisation and no local investor-compensation scheme; not verified on a CMA 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 Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, 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.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://fusionmarkets.com/About-us/Regulations
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (8 methods · 1 local)
Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT);
- Bank wire
- Visa
- Mastercard
- Skrill
- Neteller
- PayPal
- Crypto
- No verified M-Pesalocal
- Account currency
- No KES base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so shilling deposits incur conversion.
- Fee declared
- 8 of 8 methods
- Withdrawal back to
- the funding method
Where it does not serve(24 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+ | — |
71 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 65 more.
Identical for every row: Leverage 500 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.7 | 5, 4909 |
Share of reviewers in Kenya: — 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 Kenya median 7
- Min deposit 0 USD, under the Kenya median 25
- Withdrawal in 1 h, one of 46 of 55 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 Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- Round turn, USD
- 5KE
- Min deposit, USD
- 10KE
- Leverage
- 2000KE
- Rank in this country
- #31
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
- Round turn, USD
- 6KE
- Min deposit, USD
- 50 groupKE
- Leverage
- 500KE
- Rank in this country
- #25
- Round turn, USD
- 3.5KE
- Min deposit, USD
- 30KE
- Leverage
- 3000KE
- Rank in this country
- #29
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
"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 Kenya score. Full methodology
| Axis | Weight | What is measured | Fusion Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 85 |
| 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 |
Where Fusion Markets sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 4.5 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 0 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:500 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Fusion Markets accept residents of Kenya?
- No. Offshore (VFSC/Seychelles) for Kenyan clients; no local CMA authorisation and no local investor-compensation scheme; not verified on a CMA warning list. Onboarding entity: Kenyan 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 Kenya?
- Served under Vanuatu VFSC reg. 40256 and Seychelles FSA licence SD096; Fusion Markets holds no Kenyan CMA licence. 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 Kenya is 7.0 USD.
- What leverage does Fusion Markets offer to retail clients in Kenya?
- Up to 1:500. Up to 1:500 on FX majors and metals
- 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 Kenya?
- Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT); no verified M-Pesa/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 Kenya residents.