FBK Markets

General Information

FBK Markets was founded in 2020 and is registered in South Africa. The broker operates as a trading platform offering access to forex, indices, commodities, and bonds. Although it claims to be regulated by the FSCA, the license is widely suspected to be a cloned version, making the company effectively unregulated. FBK Markets does not provide services to residents of the United States.

Trading Instruments

Clients can trade a variety of assets on FBK Markets, including:

• Forex

• Indices

• Commodities

• Bonds

The broker does not support metals, cryptocurrencies, stocks, options, or ETFs.

Leverage

FBK Markets provides flexible leverage between 1:100 and 1:1000. The actual leverage depends on account balance:

• $0 – $1,000 → 1:1000

• $1,001 – $2,000 → 1:500

• $2,001 – $5,000 → 1:300

• $5,001 – $10,000 → 1:200

• $10,001 and above → 1:100

Trading Platform

The broker supports MetaTrader 4 (MT4), available on desktop, mobile, and web. MT4 is highly popular among retail traders due to its user-friendly interface, technical charting tools, and automated trading features. Other platforms such as MT5 or TradingView are not supported.

Deposit and Withdrawal

FBK Markets supports several payment methods:

• Ozow

• Skrill

• Mastercard

• Visa

The minimum deposit starts from R20 (for Micro account), while other accounts require R100. Processing times are generally instant. However, FBK Markets may impose fees for deposits and withdrawals, though the exact amounts are not disclosed.

Customer Support

Clients can reach FBK Markets via:

• Email: support@fbkmarkets.com

• Phone: +27877029234, +27870927813

• Live chat and online contact form

• Social media channels: Twitter, WhatsApp, Instagram

The company’s office is located at 400 16th Road, Corner 16th and New Road, Randjespark, Midrand, 1685, South Africa.

Pros & Cons

Pros

• Multiple account types with flexible options

• Leverage up to 1:1000

• Low minimum deposit requirements (from R20)

• Access to MT4 trading platform

• Multiple communication channels for support

Cons

• Suspicious cloned FSCA license (unregulated broker)

• Commissions apply to some account types

• Lack of transparency on deposit/withdrawal fees

• Limited asset selection (no crypto, stocks, ETFs, or metals)

• Regional restrictions (not available in the U.S.)