FBK Markets Review 2025: Live & Demo Accounts, Withdrawals to Explore

FBK Markets	⭐
Regulations	Not Regulated
Tradable Assets	Forex, Indices, Commodities, Bonds
Minimum Deposit	R100
Live Accounts	MICRO, STANDARD, BONUS 100, ZERO SPREAD, ECN
Demo Account	Yes
Account Opening	Fully Online (within 10 minutes)
Max. Leverage	1000:1
Trading Platform	MetaTrader 4
Bonus	Yes

What is FBK Markets?

FBK Markets, a young South African forex broker, targets both beginners and experienced traders within this region. This broker shines at its low minimum deposit required, 100% deposit bonus, and flexible account options, yet we cannot consider it reliable as it operates without any regulation. Furthermore, it features an approximately 70% withdrawal failure rate.

Is FBK Markets Legit?

FBK Markets SA (Pty) Ltd, who owns FBK Markets, asserts a connection to the FSCA-regulated RocketX (Pty) Ltd by claiming Juristic Representative status. However, a search of the official FSCA registry reveals no record of FBK Markets SA (Pty) Ltd. That said, FBK Markets currently operate without the necessary authorization from the FSCA.

FBK Markets -Tracking Its Unethical Practice

• FBK Markets was established in 2020, operated by the FBK Markets SA (Pty) Ltd in South Africa, targeting retail and beginner traders within this region at first. FBK Markets claims that it has affiliation with FSCA-regulated RocketX (Pty) Ltd to mislead users.
• On March 11, 2022, WikiFX's global field survey team conducted an on-site investigation in South Africa to verify the registered address of FBK Markets. The address provided was: BLOCK C, EAGLE CANYON OFFICE PARK CNR CHRISTIAAN DE WET RANDPARK RIDGE JOHANNESBURG 2154. However, the team found no evidence of FBK Markets' presence at this location. Consequently, WikiFX has classified FBK Markets as an unregulated forex broker and determined that its claimed regulatory license is a clone.

• From 2023 to 2024, numerous FBK Markets traders complained that they had experienced serious withdrawal issues at the platform, and thus this broker became the focus of many traders' attention.

FBK Markets - Concerning Features Need to Consider

Low Deposit Plus Generous Bonus

Low minimum deposits and large deposit bonuses encourage beginners to start trading with great excitement, yet they coming with poor trading experience at the same time. In most cases, they trade emotionally and conduct overtrading without making any trading plans. Simply put, brokers need novice traders' emotional decisions to increase trading volume.

Easy & Fast Account Opening

Less stringently regulated or those offshore brokers often come with easy and fast account setup, not for traders' convenience, but for quicker access to client funds. In most cases, inexperienced traders feel lucky for the absence of complex verification documents on the platform, yet, this marks the beginning of falling into traps. More precisely, this opens the door for brokers to manipulate traders' accounts

High Leverage

Brokers with minimal or no regulatory oversight often use high leverage to attract inexperienced traders, as they haven't realized the risk involved, unlike experienced traders. Those tricky brokers know well about inexperienced traders' psychological desire for rapid and huge profits. And these traders can only rely on leverage to increase profitability without sufficient funds. However, conversely, they are doomed to suffering losses.

FBK Markets Accounts

FBK Markets Minimum Deposit

The Micro Account stands out with its much lower entry barrier of just R20, an attractive option for traders with limited initial capital. Another four account types maintain a consistent minimum deposit requirement of R100. While low minimum deposits can seem like an easy entry into forex, particularly for beginners, they can fuel emotional trading. Unregulated brokers, like FBK Markets, use low minimum deposits to attract clients, then compensate by inflating spreads and commissions, a typical tactic.

Broker Name	FBK Markets	Swissquote	IC Markets Global	FP Markets	Forex.com
Logo
Regulations	Unregulated	FCA, MFSA, FINMA, DFSA	ASIC, CYSEC	ASIC, CYSEC	ASIC, FCA, CYSEC, FSA, NFA, MAS, CIRO
Minimum Deposit	R100	$1,000	$200	$100	$100

FBK Markets Accounts

FBK Markets offers flexible options on accounts, namely MICRO, STANDARD, BONUS 100, ZERO SPREAD, and ECN, all supporting base currencies in ZAR, USD, and GBP.

The Standard account provides an accessible entry point for traders, featuring spreads as low as 0.5 pips and no commission charges. For those seeking ultra-tight pricing, the Zero Spread account eliminates spread costs entirely, instead implementing a commission structure of $9 per standard lot. Traders looking for a promotional boost might find the Bonus 100 account attractive, which maintains competitive spreads around 0.5 pips.

The ECN account stands out for serious traders, offering tight spreads and a more professional trading environment with a commission of $4 per standard lot. For traders wanting to start with minimal capital, the Micro account allows entry with deposits as low as R20. Notably, the broker restricts the use of automated trading tools, leaving all trades to be executed manually.

How to open an account at FBK Markets?

FBK Markets Login

Signing up or logging into FBK Markets is not complex, and the whole process can be completed within 30 minutes.

Step 1: Visit www.fbkmarkets.com and click the “Start Trading” on the upper right corner of the FBK Market homepage. For beginners who purely try the Micro account, you can directly click on “Open a Micro Account”.

Step 2: Fill in some personal details on the following page, including your name, email address, country of residence, phone number. Then click the “Sign Up” to proceed.

Step 3: Then FBK Markets will send you a link to confirm your email. After this step, you will also need to complete the verification step, which includes your personal info, contact info, employment info, and leverage tolerance. The verification process proved somewhat time-consuming, requiring approximately 10 minutes to complete.

Step 4: You can fund your account here. Upon successful deposit, your live account will be activated for trading with FBK Markets.

Overall, FBK Markets signup is quite easy and the whole process takes less than 30 minutes. However, it should be noted that this broker does not require any verification documents for its immediate access to funds, not for your convenience.

FBK Markets Demo Account

FBK Markets offers a free demo account with operation on its Metatrader 4 trading platform. However, it hides some clear details on its demo account conditions, specifically the account virtual amounts and account duration.

FBK Markets Deposit and Withdrawal

FBK Markets Deposit: Methods, Fees and Time

The minimum deposit is R100, yet FBK Markets offers a limited choice of deposit methods: OZOW, VISA, and Skrill. FBK Markets does not charge any internal fees for deposits.

Deposit Methods	Minimum Deposit	Fees	Processing Time
	R100	Free	Instant
	R100	Free	Instant
	R100	Free	Instant

FBK Markets withdrawal: Methods, Fees and Time

All withdrawals at FBK Markets are processed via Electronic Funds Transfer. Before processing a withdrawal request, your FICA documents are required to be up to date. It should be noted that users can only process one withdrawal request at a time, and this broker would delete duplicate withdrawal requests detected on its systems. The minimum withdrawal amount is R100, and FBK Markets does not set limitations on maximum withdrawal.

Withdrawal Methods	Minimum Withdrawal	Maximum Withdrawal	Fees	Processing Time
	R100	No	Free	Instant
	R100	No	Free	Instant
	R100	No	Free	Instant

MinimumWithdrawal Time:

FBK Markets claims a withdrawal processing time of up to 48 working hours, with a caveat for potential technical issues. However, in my personal test conducted in February 2025, I experienced a week-long delay quite slower compared to some other solid brokers in the industry, like Exness, FP Markets, XM, and IC Markets. Based on this experience, a more realistic minimum withdrawal time for FBK Markets appears to be at least 48 hours, and often much longer.

Withdrawal Fees: Though FBK Markets claims that it does not charge any withdrawal fees, but third-party fees are applied, and I paid $10 for a Visa withdrawal. I haven't yet withdrawn funds via OZOW or Skrill. It's my understanding that system fees are typically applied to these payment options.

How to withdraw funds from FBK Markets?

Step 1: Log into your personal trading account

Step 2: Select the “Withdraw” option

Step 3: Choose the preferred payment option according to where you locate

Step 4: Submit your withdrawal request and then wait for the approval of the FBK Markets customer support team.

User Reviews on FBK Markets Withdrawal

Though FBK Markets promises fast and convenient withdrawals, it struggles with withdrawal reviews, as evidenced by numerous negative online posts from users.

User 1: ThisFBK Markets trader posted on May 17, 2024: that a R200 deposit was successfully debited from his bank account, yet the funds never appeared in his trading account. Upon contacting FBK Markets' customer support, he received only a vague assurance that the issue would be reported to the finance department. Despite waiting for several months, the trader has yet to receive his deposited funds, suggesting serious withdrawal issues and poor customer responsiveness on this platform.

User 2: This FBK Markets complainted the poor customer services trader's complaint highlights serious concerns about FBK Markets' customer service and withdrawal processes. Despite using Skrill, a service known for near-instant transactions, the trader experienced a three-day delay in receiving their funds. While FBK Markets acknowledges potential withdrawal delays due to technical issues on its website, this specific case suggests a problem beyond simple technical glitches. The prolonged delay, even with a typically rapid withdrawal method, points to potential systemic issues within the platform itself.

User 3: This FBK Markets trader reflected that he made a withdrawal request and it got approved, but the money didn't reflect on his Skrill account. Another typical withdrawal issue with Skrill. And then this trader contacted FBK Markets for help, but they just told him that he was facing a problem with the payment gateway, and it has been over 3 weeks, but he still didn't get his money back. In most cases, trading with dishonest brokers can make you suffer a lot. They tend to tell lies that they would help you with withdrawal, but in fact, that they would do nothing and eat your funds instead.

User 4: This FBK Trader said that he made a deposit of small deposit to test the platform, but he cannot withdraw funds anymore. It had been over 2 weeks, his money still had not come back.