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Licence record

MEGA FUSION: FSC licence GB23201920

Wikilix check
Limited
Issuing authority
The Financial Services Commission
Jurisdiction
Mauritius
Last checked
Oct 9, 2026

This is Wikilix's record of a licence issued by The Financial Services Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Oct 28, 2026

Licence Verification Record

The Financial Services Commission GB23201920

Wikilix read the FSC register on Oct 9, 2026. This is what it said.

Holder
Mega Fusion Group Ltd
Issuing authority
The Financial Services Commission
Jurisdiction
Mauritius
Effective
Jan 19, 2024
Register status
Active

Checked Oct 9, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/mega-fusion/licenses/the-financial-services-commission/gb23201920Fields on file 8 / 11

Open MEGA FUSIONAll MEGA FUSION licencesAbout FSC
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 3
Jurisdiction
Mauritius
Last checked
Oct 9, 2026
Register says
Active

Finding

An Investment Dealer (Full Service Dealer excluding Underwriting) licence held by Mega Fusion Group Limited, the Mauritius company that contracts with clients. It genuinely permits dealing and holding client money, but Mauritius is a low-tier offshore jurisdiction with no investor compensation fund behind it. This is the only one of the group's three authorisations that stands behind a retail deposit. Client protection: Low. The licence is real and permits dealing, but there is no compensation scheme or deposit guarantee, and recovering funds from a failed Mauritius licensee is slow and rarely successful. Effective: 19 Jan 2024.

Exhibit

Register screenshot, captured Oct 9, 2026
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
GB23201920
Register status
Active
Effective from
Expires
No expiry shown
The authority

About FSC

The Financial Services Commission is the authority that issued this licence, and the jurisdiction it applies in is Mauritius.

Full name
The Financial Services Commission
Jurisdiction
Mauritius
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2001
Oversight
A government or statutory body
Firms we track under it
35 firms
Regulates
Forex, Bond, Stocks, Fund, Options, Derivatives, Commodity, Loan, Retail Investment, Securities, Binary option, Margin Loan, Futures, CFD
Licences it issues
Investment Dealer (Full Service / Broker / Discount)
Typical cost of a licence
Investment dealer capital MUR 10m (full service) – MUR 600k
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

FSC's own rules for the firms it authorises.

  • Compensation schemeDeposit insurance covers up to MUR 300,000 per depositor
  • Complaints routeFSC complaints
  • Maximum leverageVaries by broker
This describes the authority's regime, not how MEGA FUSION applies it.
The holder

Who holds this licence

The licence above is recorded against MEGA FUSION. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Mega Fusion Group Ltd
Based in
Australia
Wikilix score
59.4the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • MEGA FUSION GROUP PTY LTDAustralia · Reg. 149074037 · Feb 1, 2011
  • Mega Fusion Group LimitedMauritius · Reg. C24204371
  • Mega Fusion Group (Pty) LtdSouth Africa · Reg. 2024/073707/07
  • Mega Fusion Group Ltd.Saint Lucia · Reg. 2023-00199
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences MEGA FUSION holds

2 other licences are on record for MEGA FUSION.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

The broker's trading conditions put the forex range at around 60 currency pairs. Alongside forex it presents CFDs on stocks and indices, precious metals, commodities and energies, without publishing a count for those classes.

Support is by email at support@mega-fusion.com and by live chat during business hours, with a help centre at . The broker lists support in twelve languages, including English, Arabic, Simplified and Traditional Chinese, Thai, Vietnamese, Hindi, Spanish, Malay, Persian, Indonesian and French, and runs a Telegram channel. No telephone number is published for client support.

Yes. Swap free trading is part of Mega Fusion's account offering, alongside its ECN tier. The terms attached to it and the instruments it covers are not set out in detail, so confirm them with the broker before relying on them.

Spreads are variable and commission depends on the tier: STD and PRO are advertised commission free, so their cost sits in the spread, while the ECN account charges 4 USD per lot. The accounts page gives spreads from 1.2 pips on STD, 0.7 on PRO and 0 on ECN. On funding it states that it charges no platform fee on deposits or withdrawals, with intermediary bank charges on a transfer borne by the client.

There are three trading tiers and two managed account structures. STD takes a 100 USD minimum deposit with leverage to 1:1000 and no commission; PRO takes 1,000 USD with leverage to 1:500 and no commission; ECN takes 5,000 USD with leverage to 1:500 and a commission of 4 USD per lot. PAMM and MAM accounts are also offered for managed and multi account trading, with no minimum deposit or leverage figure published for either.

The brand names four companies. MEGA FUSION GROUP PTY LTD is registered in Australia under ACN 149074037 and is the entity named on the Australian financial services licence. Mega Fusion Group Limited is registered in Mauritius under business registration number C24204371 (file number C204371), with a registered address at 12th Floor, Standard Chartered Tower, Bank Street, Cybercity, Ebene. Mega Fusion Group (Pty) Ltd is registered in South Africa under 2024/073707/07, with an address in Parktown North, Johannesburg. Mega Fusion Group Ltd. is registered in Saint Lucia under number 2023-00199, at The Sotheby Building, Rodney Bay, Gros-Islet. Each of the three licences on record names a differently styled version of the company name, so it is worth establishing which entity an account is actually opened with.

Withdrawals must go to an account held in the same name as the registered trading account, and third party deposits and withdrawals are not accepted. Under the broker's anti money laundering rules a client may only withdraw through a channel previously used to deposit, so the route out is fixed by the route in. A deposit made by card must also be withdrawn back to that card in full before the remaining balance can be sent through another channel.

The maximum leverage is 1:1000, and it is available on the entry level STD account. The PRO and ECN accounts both cap leverage at 1:500.

The minimum deposit is 100 USD on the entry level STD account. The two priced tiers are higher: PRO requires 1,000 USD and ECN requires 5,000 USD. The 100 USD figure also applies as the minimum on each funding channel, cards, bank and wire transfers and cryptocurrency alike, and it is the minimum withdrawal as well.

Mega Fusion accepts bank cards, bank and wire transfers, and cryptocurrency on the USDT-TRC20, USDT-ERC20 and BTC networks. The broker states that it charges no platform fee on either deposits or withdrawals, although intermediary charges applied by banks on a transfer are borne by the client. Withdrawals are processed the same day or within 1 to 3 business days, and how long the money then takes to arrive depends on the method chosen.

Mega Fusion offers MetaTrader 4 and MetaTrader 5. MetaTrader 4 is available as a Windows terminal, a macOS package, Android and iOS apps and a browser based WebTrader. MetaTrader 5 is available as a Windows terminal, a macOS package and Android and iOS apps; the broker lists its MetaTrader 5 WebTrader as coming soon, so there is no browser build for MT5 yet.

All three licences on record are confirmed on the issuing authority's register, each for a different company and scope. MEGA FUSION GROUP PTY LTD holds Australian financial services licence 398693, current on the ASIC register since 10 March 2011, but its conditions limit it to wholesale clients, so it does not authorise retail business in Australia. Mega Fusion Group Limited, the Mauritius company that contracts with clients, holds Investment Dealer licence GB23201920 from the Financial Services Commission of Mauritius, an offshore licence with no investor compensation fund. Mega Fusion Group (Pty) Ltd holds South African FSP licence 54221 from the FSCA, which covers advice and intermediary services only, not dealing as the client's counterparty. Regulation on its own is not proof of safety.

Licence GB23201920 was issued by The Financial Services Commission (FSC), the financial authority for Mauritius.
MEGA FUSION holds this FSC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSC register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSC tier 3. Supervision is lighter-touch and client protections vary.
This page links straight to the FSC register. Search it for GB23201920, and for the name MEGA FUSION rather than the trading brand.
MEGA FUSION has 2 other licences on record with Wikilix, across 2 jurisdictions. They are listed further down this page.
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