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

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.

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.

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.

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.

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.

MONEY SQUARE Information

Founded in 2015, MONEY SQUARE is a regulated broker registered in Japan, offering trading on forex and CFDs with leverage up to 1:25 and spread from 0.1 pips through a proprietary trading platform. Demo accounts are available and there is no minimum deposit requirement.

Pros and Cons

Is MONEY SQUARE Legit?

Yes. MONEY SQUARE is regulated by Financial Services Agency (FSA).

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Financial Services Agency (FSA)	Regulated	株式会社マネースクエア	Retail Forex License	関東財務局長（金商）第2797号

What Can I Trade on MONEY SQUARE?

Leverage

The broker offers max leverage of 1:25. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

MONEY SQUARE Fees

MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.

No commission fee is required. Depending on the interest rate situation in each country, swaps may change from “receipt” to “payment”, or payments may be made on both buy and sell positions.

Trading Platform

Deposit and Withdrawal

The broker accepts payments via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits and withdrawals.