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FBK Markets -

Suspicious Clone

Score

2.06 /10

Danger

FBK Markets

Item: FBK Markets
Rating: 2.06

South Africa

2-5 years

Suspicious Regulatory License

White label MT4

Suspicious Overrun

High potential risk

https://www.fbkmarkets.com

Influence

C

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index6.45

Risk Management Index0.00

Software Index8.14

License Index0.00

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Open Account

Website

Licenses

FSCA Suspicious Clone

Financial Service Corporate

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FBK Markets SA (Pty) Ltd

Company Abbreviation

FBK Markets

Platform registered country and region

South Africa

Company website

https://www.fbkmarkets.com

X

https://twitter.com/fbkmarkets?s=21

Instagram

https://www.instagram.com/fbkmarkets/?utm_medium=copy_link

+27834067662

Company summary

Pyramid scheme complaint

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FBK Markets · Company summary

FBK MarketsReview Summary
Founded	2020
Registered Country/Region	South Africa
Regulation	Suspicious FSCA License
Market Instruments	Indices, Commodities, Bonds, Forex
Demo Account	/
Leverage	1:100 to 1:1000
Spread	As low as 0
Trading Platform	MT4
Min Deposit	R20
Customer Support	Email: support@fbkmarkets.com
	Phone: +27877029234, +27870927813
	Contact Form
	Live Chat
	Social Media: Twitter, WhatsApp, Instagram
	Company Address: 400 16th Road, Corner 16th and New Road, Randjespark, Midrand, 1685
Regional Restriction	United States

FBK 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 & Cons

Pros	Cons
Multiple Account Types	Suspicious Clone FSCA License
Flexible Leverage Rate	Commission Charged for Certain Accounts
Low Minimum Deposit Requirements	Regional Restriction
Multiple Contact Channels
MT4 available

Is FBK Markets Legit?

No. FBK Markets is not a regulated platform. Its FSCA license is suspected to be a fake clone.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Financial Sector Conduct Authority	Suspicious Clone	RCG MARKETS (PTY) LTD	Financial Service Corporate	49769

What Can I Trade on FBK Markets?

This platform accerts to provide markets instruments includes indices, commodities, bonds, and forex.

Trading Asset	Available
forex	✔
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 Type	STANDARD	ZERO SPREAD	BONUS 100	ECN	MICRO
Base Currency	ZAR, USD, GBP	ZAR, USD, GBP	ZAR, USD, GBP	ZAR, USD, GBP	ZAR, USD, GBP
Spread	As Low as 0.5 Pip	0	As Low as 0.5 Pip	Tight Spreads	As Low as 0.5 Pip
Commission	0	$9 per Standard Lot	0	$4 per Standard Lot	0
Minimum Deposit	R100	R100	R100	R100	R20
Leverage	1:100 to 1:1000	1:100 to 1:1000	1:100 to 1:1000	1:100 to 1:1000	1:100 to 1:1000

Leverage

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.

Balance	Leverage
$0 - $1000	1:1000
$1001 - $2000	1:500
$2001 - $5000	1:300
$5001 - $10000	1:200
$10001 - $ UNLIMITED	1:100

Trading 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 Platform	Supported	Available Devices	Suitable for
MT5	❌	Desktop, Mobile, Web	Experienced trader
MT4	✔	Desktop, Mobile, Web	Beginner
Trading View	❌	Desktop, Mobile, Tablets, Web	Beginner

Deposit 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
Ozow	R100	/	Instant
Mastercard and Visa	R100	/	Instant
Skrill	R100	/	Instant

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Warning: Low score, please stay away! 3

Previous Detection : 2025-05-16

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

FBK Markets

South Africa

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	$0-$1000 - 1:1000 $1001-$2000 - 1:500 $2001-$5000 - 1:300 $5001-$10000 - 1:200 $10001-$Unlimited - 1:100
Minimum Deposit	R20
Minimum spread	0.5
Products	--

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	0

FBK Markets · Company summary

FBK MarketsReview Summary
Founded	2020
Registered Country/Region	South Africa
Regulation	Suspicious FSCA License
Market Instruments	Indices, Commodities, Bonds, Forex
Demo Account	/
Leverage	1:100 to 1:1000
Spread	As low as 0
Trading Platform	MT4
Min Deposit	R20
Customer Support	Email: support@fbkmarkets.com
	Phone: +27877029234, +27870927813
	Contact Form
	Live Chat
	Social Media: Twitter, WhatsApp, Instagram
	Company Address: 400 16th Road, Corner 16th and New Road, Randjespark, Midrand, 1685
Regional Restriction	United States

FBK 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 & Cons

Pros	Cons
Multiple Account Types	Suspicious Clone FSCA License
Flexible Leverage Rate	Commission Charged for Certain Accounts
Low Minimum Deposit Requirements	Regional Restriction
Multiple Contact Channels
MT4 available

Is FBK Markets Legit?

No. FBK Markets is not a regulated platform. Its FSCA license is suspected to be a fake clone.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Financial Sector Conduct Authority	Suspicious Clone	RCG MARKETS (PTY) LTD	Financial Service Corporate	49769

What Can I Trade on FBK Markets?

This platform accerts to provide markets instruments includes indices, commodities, bonds, and forex.

Trading Asset	Available
forex	✔
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 Type	STANDARD	ZERO SPREAD	BONUS 100	ECN	MICRO
Base Currency	ZAR, USD, GBP	ZAR, USD, GBP	ZAR, USD, GBP	ZAR, USD, GBP	ZAR, USD, GBP
Spread	As Low as 0.5 Pip	0	As Low as 0.5 Pip	Tight Spreads	As Low as 0.5 Pip
Commission	0	$9 per Standard Lot	0	$4 per Standard Lot	0
Minimum Deposit	R100	R100	R100	R100	R20
Leverage	1:100 to 1:1000	1:100 to 1:1000	1:100 to 1:1000	1:100 to 1:1000	1:100 to 1:1000

Leverage

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.

Balance	Leverage
$0 - $1000	1:1000
$1001 - $2000	1:500
$2001 - $5000	1:300
$5001 - $10000	1:200
$10001 - $ UNLIMITED	1:100

Trading 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 Platform	Supported	Available Devices	Suitable for
MT5	❌	Desktop, Mobile, Web	Experienced trader
MT4	✔	Desktop, Mobile, Web	Beginner
Trading View	❌	Desktop, Mobile, Tablets, Web	Beginner

Deposit 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
Ozow	R100	/	Instant
Mastercard and Visa	R100	/	Instant
Skrill	R100	/	Instant

News

ExposureFBK Markets: Something You Need to Know

FBK Markets is an African-rooted broker. In this article, WikiFX will make a comprehensive review of FBK Markets.

WikiFX

2024-08-27 16:34

ExposureIs FBK Markets Reliable?

In today's comprehensive review, WikiFX will delve into the details of FBK Markets, a relatively new Forex broker established in 2020.

WikiFX

2023-06-30 17:30

NewsWikiFX Reviews FBK Markets | Is It Safe?

In today’s article, WikiFX will be taking you on an in-depth review of FBK Markets, which is a relatively new Forex broker within the industry that was established in 2020.

WikiFX

2023-03-08 17:08

NewsDJ COACH & FBK MARKETS – FOREX MASTERMIND OR FRAUD

Who is Dj Coach (Forex Broker Killer) and FBK markets? You may ask well this seems to be the question on everybody's lips

WikiFX

2022-10-27 17:54

DJ COACH & FBK MARKETS – FOREX MASTERMIND OR FRAUD

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FX1294427517

more than one year

FBK Markets’ account-opening process is too long, much longer than other brokers. I should not have opened real account so early, and now I am considering leaving.

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2023-03-02 10:18

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男人不累才是罪

more than one year

On this platform, I registered an account on 12/19/2022, I deposited some currencies, but now my account is not verified yet? I reported this problem though both telephone and email, but they did not reply me…

Translate to English

2023-02-15 09:46

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