1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-07-09data re-captured 2026-07-09updated 1 day agoAffiliate links never change scores.

Fusion Markets in EC — review, licence and costs

CACamila Andrade author DMDaniel Mercer editor DSDiego Salazar fact-checker score recalculated 01.10.2026
noAccepts residents of EcuadorOpened by Fusion Markets (Ecuador) S.A., SCVS licence SD096, register checked 2026-07-09

Score (22 of 42 of 42 axes)

4.16/ 5.0

ranked against full-basis brokers

  • Reviews25%reviews 95
  • Reviews20%cost 100
  • Reviews20%safety 10
  • Reviews15%payouts 99
  • Reviews10%track_record 45
  • Reviews10%platforms 70
2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0

Key facts (22 of 42 fields)

Onboarding entity
Ecuadorian retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA).
Founded
2017
Min deposit
no data USDEC
Retail leverage
500EC
Round turn
4.5 USDEC
Withdrawal
under 1 hour for 85% of withdrawals hEC
Currencies
Accounts in USD (Ecuador's official currency) among AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so USD deposits avoid conversion.
Swap-free account
yes

Licence check (22 of 42 of 42 entity)

SCVS · Securities market registration
SD096
Active on registerchecked 2026-07-09https://fusionmarkets.com/About-us/Regulations
Open an account with Halden

Affiliate link; the score does not change. CFDs carry a high risk of rapid loss due to leverage.

Taxes for an Ecuadorian resident(22 of 42 rules · as of 10.2026)

  • Forex/CFD trading profit earned by a resident is taxable as ordinary income under Impuesto a la Renta (personal income tax), filed with SRI.https://fusionmarkets.com/About-us/Regulationspage

Not tax advice. Check with the SRI.

Who actually onboards you(22 of 42 local and 1 offshore entity in the group)

  1. Sign-up from a Ecuador addressRouted to Ecuador S.A. by residence, not by IP.
  2. KYC by Ecuador S.A.cédula and proof of address.
  3. Contract with the S.A.SCVS rules apply; complaints go to SCVS.
  4. Client moneySegregated with a Ecuador bank; bank name no data
Local entityUsed for Ecuadorian residents
  • Fusion Markets (Ecuador) S.A., SCVS SCVS-INMV-2021-0087
  • Retail leverage 1:50EC
  • Negative balance protection: yes
Offshore entityNot used for Ecuadorian residents
  • Halden Global Ltd, FSA Seychelles
  • Leverage 1:1000group
  • No SCVS complaints route

If the sign-up form ever lands you on the Seychelles entity, the SCVS licence above does not cover your account.

Leverage by entity (22 of 42 of 42 entities stated)

The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Ecuadorian residents enters the score.

Local entity · onboards youLocal entitylocal · SCVS licence SD096
1:500EC
Ecuador median, local entities: 1:50 · 18 of 20 statedApplies to you
Local entity · onboards youOffshore entityoffshore · SCVS licence SD096
1:1000EC
Ecuador median, local entities: 1:50 · 18 of 20 statedApplies to you

Scale from 1:10 to 1:3000, logarithmic.

Client protection (22 of 42 of 42 stated)

  • Local entity onboards youOffshore (VFSC/Seychelles) for Ecuadorian clients; no local authorisation and no local investor-compensation scheme; not verified on an Ecuadorian warning list.client agreement §4.2 · page
  • Segregated client fundsno dataclient agreement §4.2 · page
  • Negative balance protectionno dataclient agreement §4.2 · page
  • Investor compensation schemeno dataclient agreement §4.2 · page
  • Regulator warning on filenone foundclient agreement §4.2 · page

“no data” 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 Ecuador market median(priced from 22 of 42 of 42)

Round turn, 1 lot EURUSD, spread plus commission, USD
Halden Raw6.20
Ecuador median, raw and swap-free9.20
Halden Standard11.40
Ecuador median, standard (22 of 42 priced)13.90
InstrumentHalden Raw, USDHalden Std, USDEcuador median rawEcuador median stdPriced

Medians run over the brokers that publish a Ecuador price, never over all 44. Group-wide prices are excluded.

Accounts(22 of 42 types)

AccountMin deposit, USDEURUSD spread, pipsCommission, USDLeverageSwapCurrencies

Swap-free account terms (22 of 42 terms · 5 stated)

TermHalden, Ecuador

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Payouts(22 of 42 of 42 methods timed)

MethodDeposit, hWithdrawal, hFee, USDMin, USD

Deposit and withdrawal methods (22 of 42 methods · 2 local)

  • Bank wirelocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
  • Visalocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
  • Mastercardlocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
  • Skrilllocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
  • Netellerlocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
  • PayPallocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
  • crypto (BTC/USDT); no verified Ecuador-specific local raillocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
Account currency
Accounts in USD (Ecuador's official currency) among AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so USD deposits avoid conversion.
Fastest withdrawal
under 1 hour for 85% of withdrawals h EC
Fee declared
4 of 6 methods
Withdrawal back to
the funding method

Where it does not serve(22 of 42 countries)

Afghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United StatesAfghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario, Palestine, Russia, Somalia, Spain, Sudan, Syria, Ukraine, Yemen, United States

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(22 of 42 of 42 platforms confirmed · 6 asset classes)

MT5
MetaTrader 4, MetaTrader 5, cTrader, TradingView
cTrader
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Web terminal
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Mobile app
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Copy trading
MetaTrader 4, MetaTrader 5, cTrader, TradingView
TradingView
MetaTrader 4, MetaTrader 5, cTrader, TradingView
ClassCountMin spreadLeverage

Reviews(22 of 42 platform · 25% of the score)

4.2/ 5
Trustpilot rating
1,384
reviews
28.09
snapshot, 2026
5 star64%
4 star14%
3 star6%
2 star4%
1 star12%
SnapshotRatingReviews

Share of reviewers in Ecuador: no data The platform does not publish it.

Topics in 1-star reviews (22 of 42 reviews, snapshot 28.09.2026)

Withdrawal delays41 · 25%
Verification (KYC)33 · 20%
Slippage22 · 13%
Support response19 · 11%
Other51 · 31%

Pros and cons(22 of 42 + 5, each tied to a figure above)

For
  • Raw round turn 6.20 USD vs Ecuador median 9.20
  • SCVS licence SCVS-INMV-2021-0087, active on 01.10.2026
  • USD account; bank withdrawal 24 h, fee 0
  • Swap-free with no admin fee; ranked #1 of 30
  • One of 6 of 44 brokers that publish a withdrawal time
Against
  • Payouts axis 58 of 100, the lowest of six
  • Min deposit 100 USD vs 10 at Tidemark
  • E-wallet withdrawal time and fee not published
  • Group site advertises 1:1000, unavailable to Ecuadorian residents
  • Gold round turn 9.80 USD; 3 brokers price it lower

Where Halden sits in the Ecuador base(22 of 42 brokers)

Round-turn cost, USD (22 of 42 of 42 priced)

2<6.5
26.5–7.5
27.5–8.5
38.5–9.5
39.5–10.5
110.5–11.5
4≥11.5

Highlighted: Halden Raw at 6.20

Minimum deposit, USD (22 of 42 of 42 priced)

9<25
925–99
10100
3101–299
4≥300

Highlighted: Halden at 100 · Ecuador median 50

Retail leverage (22 of 42 of 42 with a Ecuador figure)

11≤1:30
71:50
51:51–200
61:201–400
10>1:400

1 group-only figure excluded · 4 no data

Withdrawal time published (22 of 42 brokers)

6of 44
Published, hours6No data38Halden is one of the 6

Alternatives in Ecuador(22 of 42 of 42)

Methodology(22 of 42 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 Ecuador score. Full methodology

AxisWeightWhat is measuredHalden

FAQ(22 of 42 questions)

Cost calculator (22 of 42 accounts · median of 42 priced)

Halden, per month4.5
Ecuador median, per month6

EURUSD round turns at the prices captured 01.10.2026, in USD.

Verified · What changed · Sources(22 of 42 sources · 4 changes)

Verified01.10.2026
next review 01.01.2027
What changed
    Sources · precision