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The Secret Relationship Between RCG Markets and FBK Markets

WikiFX | 2023-02-27 17:32

Abstract：RCG Markets and FBK Markets are both forex brokers running businesses in South Africa. What is the secret behind the two?

As far as we know, FBK Markets SA(Pty) Ltd is actually a juristic representative of RCG Markets. RCG Markets used to be an FSCA-regulated broker in South Africa with FSP license number 49769. However, this broker now exceeds the business scope regulated by South Africa FSCA (license number: 49769) National Futures Association-UNFX Non-Forex License.

Social Media Engagement

FBK Markets has official accounts on both Twitter and Instagram. While RCG Markets does not have a Twitter account.

WikiFX Review

WikiFX has given this broker a low score of 3.41/10.

WikiFX has given this broker a low score of 1.25/10.

Conclusion

RCG Markets and FBK Markets are owned by the same group. WikiFX has recently received many complaints about FBK Markets from traders, which means RCG Markets is not safe to invest in either. We advise traders to do more research and make themselves comfortable before putting money into these two brokers.

Forex Broker Forex Analysis

Related broker

Over-Operation

RCG Markets

Company name：RCG MARKETS (PTY) LTD

Score

2.31

Website：https://rcgmarkets.com/

2-5 years | Regulated in South Africa | Financial Service Corporate | MT5 Full License

Score

2.31

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