FBK Markets Forex Broker

FBK MarketsReview SummaryFounded2020Registered Country/RegionSouth AfricaRegulationSuspicious FSCA LicenseMarket InstrumentsIndices, Commodities, Bonds, ForexDemo Account/Leverage1:100 to 1:1000SpreadAs low as 0Trading PlatformMT4Min DepositR20Customer SupportEmail: support@fbkmarkets.comPhone: +27877029234, +27870927813Contact FormLive ChatSocial Media: Twitter, WhatsApp, InstagramCompany Address: 400 16th Road, Corner 16th and New Road, Randjespark, Midrand, 1685Regional RestrictionUnited StatesFBK Markets Information FBK Markets is an unregulated broker incorporated in South Africa. It's a marketplace for forex trading. Traders on this platform get access to the MetaTrader 4 as well as market instruments including forex, indices, commodities, and bonds. With a low minimum deposit of R120 and low spreads, FBK Markets enables traders to access significant market positions even with a smaller initial investment. Though FBK Markets does not provide its service to US residents.Pros & ConsProsConsMultiple Account TypesSuspicious Clone FSCA LicenseFlexible Leverage RateCommission Charged for Certain AccountsLow Minimum Deposit RequirementsRegional RestrictionMultiple Contact ChannelsMT4 availableIs FBK Markets Legit? No. FBK Markets is not a regulated platform. Its FSCA license is suspected to be a fake clone.Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberFinancial Sector Conduct AuthoritySuspicious CloneRCG MARKETS (PTY) LTDFinancial Service Corporate49769What Can I Trade on FBK Markets? This platform accerts to provide markets instruments includes indices, commodities, bonds, and forex.Trading AssetAvailableforex✔Indices✔bonds✔commodities✔metals❌indices❌energies❌stocks /shares❌cryptocurrencies❌options❌funds❌ETFs❌Account Types/Fees FBK Markets offers a range of account types to cater to traders with different trading needs. The available account types include Standard, Zero Spread, Bonus 100, ECN, and Micro accounts, with different features such as spreads, commissions, and minimum deposit requirements. The base currencies available for all account types are ZAR, USD, and GBP.Feature/Account TypeSTANDARDZERO SPREADBONUS 100ECNMICROBase CurrencyZAR, USD, GBPZAR, USD, GBPZAR, USD, GBPZAR, USD, GBPZAR, USD, GBPSpreadAs Low as 0.5 Pip0As Low as 0.5 PipTight SpreadsAs Low as 0.5 PipCommission0$9 per Standard Lot0$4 per Standard Lot0Minimum DepositR100R100R100R100R20Leverage1:100 to 1:10001:100 to 1:10001:100 to 1:10001:100 to 1:10001:100 to 1:1000Leverage FBK Markets provides flexible leverage options ranging from 1:100 to 1:1000, which allows traders to customize their risk exposure based on their trading strategy.BalanceLeverage$0 - $10001:1000$1001 - $20001:500$2001 - $50001:300$5001 - $100001:200$10001 - $ UNLIMITED1:100Trading Platform Traders on FBK Markets get access to MetaTrader 4, which is available on multiple devices. MetaTrader 4 (MT4) is a popular electronic trading platform, mainly used for online forex trading. It's favored by retail traders for its intuitive interface, powerful charting tools, and automated trading features.Trading PlatformSupported Available Devices Suitable for MT5❌Desktop, Mobile, WebExperienced traderMT4✔Desktop, Mobile, WebBeginnerTrading View❌Desktop, Mobile, Tablets, WebBeginnerDeposit and Withdrawal FBK Markets accepts a variety of ways to deposit and withdraw clients' money, including Ozow, Skrill, Mastercard, and Visa. However, they still charge money for deposits and withdrawals. To be noted, they do not specify the exact cost amount on the website, but FBK Markets claims to reserve the right to impose deposit and withdrawal fees as well as limits in their system at any given time.Deposit Options Min. Deposit Fees Processing Time OzowR100/InstantMastercard and VisaR100/InstantSkrillR100/Instant