FBK Markets is a Forex trading company from South Africa that was founded in 2020. It specializes in trading various assets, including bonds, indices, commodities, and forex.
Our research indicates that FBK Markets complies with FAIS Act rules and functions as an authorized representative of RCG Markets. The company holds valid licenses from the respected FSCA regulating agency. The customers that FBK Markets serves include both global and African markets.
Reputable for its dependability, FBK Markets distinguishes itself by providing favorable trading circumstances and a variety of well-liked trading products available via the advanced MetaTrader trading platform.
Company Overview
| Account currency: | ZAR, USD, GBP |
| Minimum deposit: | 20 rand |
| Leverage: | Up to 1:1000 |
| Spread: | Floating, from 0 pips |
| Instruments: | Currency pairs, metals, indices, bonds, energies and commodities |
| Margin Call / Stop Out: | No |
FBK Markets’s Regulation
Claiming to be affiliated with RCG Markets Ltd, FBK Markets is allegedly approved by the Financial Services Conduct Authority (FSCA) of the state. However, since there isn’t any credible evidence supporting their collaboration, there are worries that FBK Markets may be abusing RCG Commodities’ licensing.
Working with an unlicensed and perhaps unlawful broker, such as FBK Markets, puts your assets and financial security at risk. It is highly advised that you take into consideration trustworthy brokers registered in trustworthy nations, as shown in the table, to guarantee the security of your money.
The brokers mentioned above have made a name for themselves in the market by being dependable, abiding by strict legal requirements, and providing a safe and secure trading environment for their customers.
Pros and Cons
| Pros | Cons |
| FSCA regulation | No additional and top-tier license |
| Low minimum deposit | Limited trading products |
| MT4 trading platform | No demo account |
| Trading conditions | |
| Learning video materials | |
| 24/7 live chat support |
FBK Markets’s Trading Platform
Even if FBK Markets provides access to the well-known MetaTrader 4 trading platform, it is imperative to assess the brokerage’s general legitimacy and dependability. Choosing an untrustworthy broker like FBK Markets could potentially compromise the value of your investments, even with its excellent investment program.
Thankfully, there are several trustworthy traders on the market that put their clients’ security and privacy first in addition to providing the MetaTrader platform. These brokers have shown to be reliable companies by offering a variety of resources and legal safeguards to protect your rights.
| Advanced tools | Auto trading | Custom indicators | Mobile versions | |
| FBK Markets platform | 30+ Indicators | Yes | Yes | Android and IOS |
| MT4 | 30+ Indicators | Yes | Yes | Android and IOS |
| MT5 | 50+ Indicators | Yes | Yes | Android and IOS |
| cTrader | 40+ Indicators | Yes | Yes | Android and IOS |
Spreads
The broker offers competitive spreads, with an average spread of 0.5 pips for the EUR/USD currency pair in the Forex market, based on our test trade. For comprehensive details on the spreads the broker offers for particular instruments and account types, see their website or get in touch with customer care. Spreads are subject to change depending on market circumstances, volatility, and liquidity.
Fees
We discovered that FBK Markets provides competitive pricing for the majority of its trading services after looking into the broker’s price schedule. It was discovered that the broker requires a minimum deposit of R100 for its financing methods. Moreover, extra fees could be incurred during trading.
In order to properly comprehend the related fees and their possible effects on trading operations, thoroughly go over the broker’s terms and conditions and fee schedule.
Minimum Deposit Requirements For FBK Markets
Their minimum deposit criteria are the same for all of the available account types. The information presented indicates that the Small-Sized Bank account has an even smaller minimum investment of $20, while the Standard, Bonus100, Zero Spread, and ECN accounts all demand an initial deposit of $100.
| ACCOUNT TYPE | MINIMUM DEPOSIT |
| Standard | $100 |
| Bonus100 | $100 |
| Zero Spread | $100 |
| ECN | $100 |
| Small-Sized Bank | $20 |
Withdrawal
The $100 minimum withdrawal requirement set by FBK Markets may be inconvenient for traders who want to take out lower payouts. Moreover, on typical business days, the withdrawal process could take up to 48 hours. It’s crucial to remember that the broker always has the option to impose fees on deposits and withdrawals.
Customer Support
The brokerage offers 24/7 customer service via several platforms, including social media, live chat, email, phone, and WhatsApp. Additionally, it has a physical facility where knowledgeable trading specialists are on hand to answer general inquiries, provide technical support, provide analysis guidance, and handle operational issues.
Education
Videos and ebooks are among the educational materials that FBK Markets provides; webinars and seminars are not among its offerings. If traders are looking for a greater variety of training opportunities, we suggest looking into alternative brokers with a greater selection of educational tools.
Alternative To FBK Markets
| FBK Markets | RoboForex | Exness | |
| Trading platform | MT4 | cTrader, MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade Terminal, MobileTrading, MT4, MT5, WebTrader |
| Min deposit | $20 | $10 | $1 |
| Leverage | From 1:1 to 1:1000 | From 1:1 to 1:2000 | From 1:1 |
| Spread | From 0 points | From 0 points | From 0 points |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No |
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Final Thoughts
In summary, FBK Markets is a reliable Forex trading broker that distinguishes itself with affordable pricing, quick cash withdrawal procedures, and accessibility via the well-liked MT4 platform.
On the other hand, a single regulating body, a small selection of trading products, and a lackluster teaching program are possible disadvantages.
All things considered, we discovered that the company offers a trustworthy trading environment; yet, we still suggest that you do your homework and determine whether the broker’s products meet your unique trading needs.
