Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FBK Markets Pros & Cons
- The platform has a low entry barrier with a minimum deposit requirement of only 20 rand, and it offers both demo and Micro accounts.
- Traders can choose from five real accounts, providing an individualized approach to trading.
- Trading is conducted through the user-friendly and customizable MetaTrader 4 trading platform, which also supports various plugins.
- Clients can deposit and withdraw funds using Visa/MC bank cards, Skrill, Virtual Pay, and Ozow payment systems.
- The spreads are average or lower than the market average, and the trading commissions are also favorable, resulting in reasonable costs.
- Traders have access to a wide range of assets, including currency pairs, metals, indices, bonds, energies, and commodities.
- This broker offers technical support through all major communication channels, available 24/7 (except on holidays).
- This broker lacks full transparency, as there is no information on withdrawal fees provided on their website.
- It does not offer typical passive income options like joint accounts or copy trading services.
- Its range of tools is limited, as it lacks technical and fundamental analysis resources; but it does have a margin calculator.
FBK Markets broker’s clients get access to Forex and CFD markets. This broker offers five real accounts, including the Micro account, which allows users to explore the platform and practice without risking financial losses. Spreads are variable, starting from 0 pips. The trading commission depends on the account type, ranging from $0, $4, to $9 per 1 standard lot. The minimum deposit required is just 20 rand (~1.05 USD) for the Micro account and 100 rand for other account types. The leverage is flexible and determined by the client's account balance, with a maximum ratio of 1:1000. Trades can start from 0.01 lots, and the only restriction is on scalping, which is not allowed. FBK Markets clients trade through the MetaTrader 4 trading platform. Account currencies accepted are USD, GBP, and ZAR. The company is registered in South Africa. It offers various options for deposit and withdrawal methods. The only passive income option available is its referral program, and its educational resources are basic. This broker regularly conducts contests for its clients.
TU Expert Verdict
FBK Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
FBK Markets User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of FBK Markets have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FBK Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FBK Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FBK Markets Standard spreads FBK Markets OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 0.7 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 0.9 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FBK Markets RAW/ECN spreads FBK Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.00 3.5 5 EUR/USD avg spread 0.10 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FBK Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FBK Markets Non-Trading Fees FBK Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FBK Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria6.3 /10FBK Markets has a safety score of 6.3/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
FBK Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 FBK Markets Security Factors Foundation date 2020 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.6 /10FBK Markets offers the following account options: Standard, ECN/Raw spread, Micro.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Standard account with balanced trading conditions
- Low minimum deposit
- No Demo account
- No Cent account
FBK Markets account types vs top competitors FBK Markets Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo NoYesYesCent NoNoNoMicro YesNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoFBK Markets accounts trading conditions
First, it is necessary to choose the best account type for you. The Micro account is not considered here as it is not suitable for full-scale trading aimed at significant earnings. The Standard account is universal, with narrow spreads and no commissions. The Bonus 100 account is similar to the standard one but offers a 100% bonus on the first deposit. The Zero Spread account has floating spreads starting from 0 pips, but it comes with a relatively high commission of $9 per lot. The ECN account utilizes ECN technology, providing the fastest order execution. Here, spreads also start from 0 pips, and the commission is $4 per lot. The minimum deposit for all these accounts is the same, 100 rand (except for Micro, which allows a deposit of 20 rand).
Account types:
Account Type Description Standard The minimum deposit is 100 rand, spreads from 0.5 pips, and no commissions. Leverage is up to 1:1000. Universal trading conditions, full asset pool. Zero Spread The minimum deposit is 100 rand, zero spreads, and commission is $9 per lot. Trade size can range from 0.01 to 100 lots. Bonus 100 The minimum deposit is 100 rand, spreads from 0.5 pips, and no commissions. The special feature of this account is that the trader receives a 100% bonus on their first deposit. ECN The minimum deposit is 100 rand, zero spreads, and the commission is $4 per lot. The fastest order execution. Up to 100 contracts can be held open. Micro The minimum deposit is 20 rand, spreads from 0.5 pips, and no commissions. This account's balance is expressed in cents, and trading is conducted in smaller volumes. Other conditions are standard. If the trader is new to this broker, they usually start with a demo account to explore the platform and test their strategies. In this case, the Micro account can also serve the same purposes. Later, they can open a full account of any available type based on their trading preferences.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10FBK Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
FBK Markets offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- No deposit fee
- No withdrawal fee
- BTC payments not accepted
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are FBK Markets deposit and withdrawal options?
FBK Markets offers a limited selection of deposit and withdrawal methods, including Bank Card, Skrill. This limitation may restrict flexibility for users, making FBK Markets less competitive for those seeking diverse payment options.
FBK Markets Deposit and Withdrawal Methods vs Competitors FBK Markets Plus500 OANDA Bank Wire NoYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are FBK Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FBK Markets supports the following base account currencies: USD, GBP, ZAR.
What are FBK Markets's minimum deposit and withdrawal amounts?
The minimum deposit on FBK Markets is $1, while the minimum withdrawal amount is 100 ZAR. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FBK Markets’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6 /10FBK Markets offers a limited selection of trading assets compared to the market average. The platform supports 75 assets in total, including 55 Forex pairs.
- Copy trading platform
- Indices trading
- 55 supported currency pairs
- Bonds not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by FBK Markets with its competitors, making it easier for you to find the perfect fit.
FBK Markets Plus500 OANDA Currency pairs 55 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 75 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products FBK Markets offers for beginner traders and investors who prefer not to engage in active trading.
FBK Markets Plus500 OANDA Bonds NoNoYesETFs NoYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FBK Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with FBK Markets in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FBK Markets is $1. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
FBK Markets account opening FBK Markets Plus500 OANDA Online Registration YesYesYesMinimum deposit $1 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 7 10 KYC time (days) 1 3 3 Is FBK Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To begin collaborating with FBK Markets, you need to register on its official website. Then, open an account, undergo verification, make a deposit, and download and install the trading platform. TU experts have prepared the below step-by-step guide for registration and an overview of the features available in the FBK Markets user account.
Go to this broker's website and click on the "Start Trading" button in the top right corner.
Enter your name, surname, email, and phone number. Choose your country from the list. Create a password and enter it twice. Agree to the terms and conditions and data processing by checking the box. Click "Sign Up".
You will receive an email to the provided address. Click on the link in the email to confirm your email address.
Go to the "Profile" section and navigate to "Verification." There, you will see four blocks: "Personal Info," "Contact Info," "Employment Info," and "Leverage." Go into each section and fill in your details. Note that you will need to provide photos/scans of documents confirming your identity. Read the comments carefully and follow the on-screen instructions.
Go to the "Trading Accounts" section by clicking the link in the top menu. Click the "Open Live Account" button. Choose the account type, base currency, and leverage. Click "Create Account."
Visit the "My Wallet" section. Select the account and deposit method. Follow the on-screen instructions.
Next, go to the "Available Platforms" section. Download the suitable MetaTrader 4 trading platform version and install it on your device. Now, you can start trading.
Your FBK Markets user account also provides access to:
- Dashboard. Here, traders can view summarized data for their active accounts, and certain conditions can be tweaked.
- Profile. In this section, users can update their personal information, undergo verification, and modify security settings.
- Trading accounts. Here, clients can open demo and real accounts, and they also have the option to close accounts.
- Wallets. This block is used for depositing, withdrawing, and conducting other transactions.
- Platforms. In this section, traders can always download different versions of the MetaTrader 4 trading platform.
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Customer Support
Score:We evaluated Customer Support at FBK Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.9 /10Customer support at FBK Markets is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FBK Markets provides basic support functionality but does not stand out in overall service performance.
InformationTechnical support is essential for any broker, as traders regularly encounter situations that they cannot resolve on their own. They seek quick and competent assistance for their inquiries. If technical support is not responsive, takes too long to resolve issues, or fails to address problems competently, clients may become disappointed and will often switch to a competitor. That's why brokers nowadays pay great attention to the quality of their support services.
- You can contact client support even if you are not a broker's client yet
- Specialists respond at any time
- Various communication options with managers are available.
- Operating hours may be limited during holidays
The client service at FBK Markets operates 24/7, meaning traders can get in touch with specialists at any time. The only exception is during holidays when the managers are available from 9:00 to 14:00. Requests can be submitted via phone, email, WhatsApp, or through the ticket system on the website.
If you are already working with FBK Markets or are planning to become their client, feel free to reach out to client support with trade-related inquiries. It is there to help you quickly resolve many obstacles you may encounter. Here are the current contact options:
- Phone;
- WhatsApp;
- Email;
- Ticket on the website.
FBK Markets also has profiles on Twitter, Instagram, and Facebook. Traders can use these social media platforms to contact the support team as well. It is recommended to follow this broker on its social media platforms to stay updated on their important news and promotions.
Contacts Foundation date 2020 Registration address 1 Chadwick Ave, Wynberg, Sandton, 2090 Regulation FICA Official site https://fbkmarkets.com/ Contacts support@fbkmarkets.com +27(0)87 702 9234
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FAQs
How safe is trading with FBK Markets in terms of regulation and client protection?
FBK Markets has a safety score of 6.3/10, which Traders Union classifies as a Medium security level. It is regulated by the FSCA in South Africa (a Tier-2 regulator), offers negative balance protection and KYC verification, but it is not Tier-1 regulated and has a relatively short track record since its foundation in 2020. More details on the evaluation approach are described in the Traders Union methodology: https://tradersunion.com/methodology-for-evaluation-of-brokers/.
What do reviews say about commissions and non-trading fees at FBK Markets?
According to the section data, FBK Markets’ overall fees are rated 10/10, indicating low trading and non-trading costs in the Traders Union assessment. Standard account spreads on EUR/USD typically range from 0.5–0.7 pips, while ECN accounts have a $2 commission per lot with average EUR/USD spreads around 0.10 pips, and there are no stated deposit, withdrawal, or inactivity fees. User reviews or comments are not detailed in this section, so specific client feedback on fees is not provided.
What types of trading accounts and conditions are available at FBK Markets?
FBK Markets offers Standard, Zero Spread, Bonus 100, ECN, and Micro accounts, all with a minimum deposit of 100 rand (20 rand for Micro), while Cent, VIP, Swap Free, and managed accounts are not available. Standard and Bonus 100 accounts have spreads from 0.5 pips with no commission, Zero Spread and ECN accounts have spreads from 0 pips with commissions of $9 and $4 per lot respectively, and the Micro account uses smaller trade volumes with a balance expressed in cents.
Which markets and instruments can traders access with FBK Markets?
FBK Markets provides access to 75 tradable assets, including 55 currency pairs, stocks, commodity futures, and stock indices. The broker does not offer crypto, options, bonds, or ETFs, but it does support copy trading while PAMM and managed accounts are not available.
How do reviews and feedback describe the FBK Markets account opening process and requirements?
The account opening process at FBK Markets is described as relatively fast, with online registration taking about 7 minutes and KYC verification typically completed within 1 business day. The minimum deposit is $1, and while the procedure is characterized as accessible and straightforward, the section notes that the setup steps may feel less convenient for some beginners; specific user reviews or comments are not quoted in this block.
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