What Account Types and Fees Does FBK Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
General traders, suitable for beginners |
Low spreads starting at 0.5 pips, no commissions |
Minimum deposit of R100; supports multiple currencies |
| Zero Spread Account |
Active traders seeking tight spreads |
Zero spreads with a commission of $9 per lot |
Minimum deposit of R100; ideal for scalping strategies |
| Bonus 100 Account |
New traders looking for incentives |
Low spreads, 100% deposit bonus |
Minimum deposit of R100; encourages first-time trading |
| ECN Account |
Experienced traders and institutions |
Tight spreads, commission of $4 per lot |
Minimum deposit of R100; suitable for high-volume trading |
| Micro Account |
Beginners wanting to practice |
Minimum deposit of R20, low risk |
Ideal for small-capital trading, suitable for practice |
Account Opening Process
Opening an account with FBK Markets is a straightforward procedure that ensures security and compliance. Here are the steps involved: 1. Visit the FBK Markets website and select the “Open an Account” option. 2. Provide personal information including your name, email, phone number, and country of residence. 3. Create a password for your account and confirm it. 4. Agree to the terms and conditions. 5. Verify your email through a confirmation link sent to your inbox. 6. Complete identity verification by submitting necessary documents, such as proof of identity and proof of address. 7. Choose the account type that suits your trading goals and follow the prompts to open the account. 8. Once your account is activated, you can deposit funds and start trading. FBK Markets also offers account flexibility, allowing users to upgrade to a professional account later if needed.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.5 |
$0 (ECN: $4/lot) |
Competitive for major pairs |
| CFDs (Gold) |
0.3 |
$0 |
Tight spreads on commodities |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable spreads depending on market |
Other Fees
FBK Markets applies various additional fees that traders should be aware of: 1. Deposit and Withdrawal Fees: While no fees are typically listed, clients should review their agreement for potential costs. 2. Inactivity Fees: Accounts that remain inactive for an extended period may incur charges. 3. Platform Usage Fees: No platform fees apply for standard usage, but certain premium features may incur costs. 4. Overnight Interest (Swap Rates): Applicable for positions held overnight, based on market rates. 5. Currency Conversion Fees: May apply when trading in a different currency than the base account currency.
