FBK Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-30 15:46

Abstract：FBK Markets is a South African-based forex and CFD broker founded in 2018. The company offers trading services for various financial instruments, including forex, stocks, indices, and commodities. FBK Markets operates using the popular MetaTrader 4 platform and provides several account types with competitive trading conditions, including high leverage and tight spreads. The broker also provides a range of educational resources and has multiple customer support channels available.

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.