Fusion Markets — Nigeria
Key facts (8)
- Who actually onboards you
- Nigerian retail clients are onboarded under the offshore arms Gleneagl
- 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
- 0.9 pipsgroup
This broker against the Nigeria middle (47 of 82)
| Fusion Markets | Nigeria median | |
|---|---|---|
| Round turn, USD | 4.8 USD | 6.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | 1-5 business days hgroup | 24.0 h |
| EURUSD, standard | 0.9 pipsgroup | 1.1 pips |
| EURUSD, raw | 0.03 pipsgroup | 0.0 pips |
| Established | 2017group | 2009.0 |
| Platforms | 4 | 3.0 |
Accepts residents of Nigeria
No
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Nigerian retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fus
Locally licensed entity
Accounts
Zero account (raw spreads from 0.0 pips + AUD 4.50/side commission) and Classic account (all-in spreads, no commission);
Withdrawal time and methods
Cost against the Nigeria median (47 of 82)
raw+commission
Rating, and how many people left it
Evaluating 4,909 reviews
Software and market access (4)
MetaTrader 4 · MetaTrader 5 · cTrader · TradingView
250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs and crypto CFDs.
The tax side in Nigeria
Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS). Framework changed under the Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025, effective 1 January 2026. Individuals: forex/CFD gains generally taxed as part of personal income under progressive Personal Income Tax bands (as of the review): 0% on first N800,000; 15% on N800,000-N3m; 18%
Other brokers that onboard Nigeria residents (6)
Where it does not serve
Afghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario (Canada), Palestine, Russia, Spain, Somalia, Sudan, Syria, Ukraine, Yemen, United States and its territories
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 (2)
Checked: 2026-07-09
FAQ (5)
Does Fusion Markets accept residents of Nigeria?
No.
Which entity onboards a Nigeria client of Fusion Markets?
Nigerian retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA).
What licence does Fusion Markets hold for Nigeria?
Licence SD096.
What does one EURUSD lot cost at Fusion Markets?
4.8 USD per round turn against a Nigeria median of 6.0 USD, measured on 47 of 82 brokers.
How long does a withdrawal from Fusion Markets take?
1-5 business days hours as published. Withdrawals via credit or debit cards are processed within 1 to 5 business days