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اردو
FBK MARKETS , TOPFX Broker Comparison
Do you want to know which is the better broker between FBK MARKETS and TOPFX ?
In the table below, you can compare the features of FBK MARKETS , TOPFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official Website
Basic Information
Est. Date (years)
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed (ms)
Minimum Execution Latency (ms)
Minimum Open Latency (ms)
Minimum Close Latency (ms)
Maximum Execution Latency (ms)
Maximum Open Latency (ms)
Maximum Close Latency (ms)
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost (USD/Lot)
Swap
Swap Rating
- Average Swap Cost (USD/Lot)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time (ms)
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
Pin to Left
1.73
Unverified
Not Guaranteed
--
5-10 years
FSCA
Not Supported
Not Supported
Ozow,Mastercard and Visa,Skrill
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ZERO SPREAD, MICRO,ECN, Standard ,BONUS 100
--
R100
$0-$1000 - 1:1000 $1001-$2000 - 1:500 $2001-$5000 - 1:300 $5001-$10000 - 1:200 $10001-$Unlimited - 1:100
--
--
--
0.01
--
Pin to Left
7.13
Regulated
Not Guaranteed
15-20 years
CYSEC
Supported
Not Supported
VISA,MASTER,SEPA,SWIFT,Apple Pay,GPay,Bank transfer,PlusDebit,Skrill,fasapay,M-PESA,airtel,dragonpay,OXXO,DivePay,internet banking,SPEI,expresso,tico,hellopaisa,vodafone,Neteller,pix,MTN,Buddy Industries,TOGOCEL,OZOW,free MONEY,MOOV Money,STICPAY,Mobicash,bitwallet,Zamtel,airteltico,Orange Money,CM,THAILAND LOCAL PAYMENT GATEWAY,VN PAY,free Money
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Pro,Zero,Growth
--
--
1:2000
From 0.5
20.00
--
0.01
--
Score
Regulatory Status
Unverified
Regulated
FBK MARKETS 、 TOPFX BrokerRelated News
TOPFX BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do fbk-markets and topfx have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
fbk-markets
| FBK MarketsReview Summary | |
| Founded | 2020 |
| Registered Country/Region | South Africa |
| Regulation | Suspicious FSCA License |
| Market Instruments | Indices, Commodities, Bonds, Forex |
| Demo Account | / |
| Leverage | 1:100 to 1:1000 |
| Spread | As low as 0 |
| Trading Platform | MT4 |
| Min Deposit | R20 |
| Customer Support | Email: support@fbkmarkets.com |
| Phone: +27877029234, +27870927813 | |
| Contact Form | |
| Live Chat | |
| Social Media: Twitter, WhatsApp, Instagram | |
| Company Address: 400 16th Road, Corner 16th and New Road, Randjespark, Midrand, 1685 | |
| Regional Restriction | United States |
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
| Pros | Cons |
| Multiple Account Types | Suspicious Clone FSCA License |
| Flexible Leverage Rate | Commission Charged for Certain Accounts |
| Low Minimum Deposit Requirements | Regional Restriction |
| Multiple Contact Channels | |
| MT4 available |
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.
| Trading Asset | Available |
| forex | ✔ |
| Indices | ✔ |
| bonds | ✔ |
| commodities | ✔ |
| metals | ❌ |
| indices | ❌ |
| energies | ❌ |
| stocks /shares | ❌ |
| cryptocurrencies | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
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.
| Feature/Account Type | STANDARD | ZERO SPREAD | BONUS 100 | ECN | MICRO |
| Base Currency | ZAR, USD, GBP | ZAR, USD, GBP | ZAR, USD, GBP | ZAR, USD, GBP | ZAR, USD, GBP |
| Spread | As Low as 0.5 Pip | 0 | As Low as 0.5 Pip | Tight Spreads | As Low as 0.5 Pip |
| Commission | 0 | $9 per Standard Lot | 0 | $4 per Standard Lot | 0 |
| Minimum Deposit | R100 | R100 | R100 | R100 | R20 |
| Leverage | 1:100 to 1:1000 | 1:100 to 1:1000 | 1:100 to 1:1000 | 1:100 to 1:1000 | 1:100 to 1:1000 |
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.
| Balance | Leverage |
| $0 - $1000 | 1:1000 |
| $1001 - $2000 | 1:500 |
| $2001 - $5000 | 1:300 |
| $5001 - $10000 | 1:200 |
| $10001 - $ UNLIMITED | 1:100 |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced trader |
| MT4 | ✔ | Desktop, Mobile, Web | Beginner |
| Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginner |
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.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Ozow | R100 | / | Instant |
| Mastercard and Visa | R100 | / | Instant |
| Skrill | R100 | / | Instant |
topfx
| TopFX Review Summary | |
| Founded | 2019-11-27 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated |
| Market Instruments | Forex, Indices, Shares, Metals, Energies, Cryptocurrencies, ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips(Average Spreads-EURUSD: 0.11) |
| Trading Platform | cTrader, MT4 (Windows, Android, iOS) |
| Min Deposit | No min. deposit |
| Customer Support | T:+248 4374705 |
| E: support@topfx.com.sc | |
| Facebook, Instagram, LinkedIn, Telegram | |
| Live Chat | |
TopFX Information
TopFX is a broker that specializes in access to 600+ CFDs on forex, indices, shares, metals, energies, ETFs, and cryptocurrencies. The broker also provides up to 1000x max leverage and a demo account. The minimum spread is from 0.0 pips. Traders can also access the MT4 and cTrader trading platforms through TopFX.
Pros and Cons
| Pros | Cons |
| Regulated | No swap-free account |
| Leverage up to 1:1000 | Some negative voices: unable to withdrawal |
| Spread from 0.0 pips | No 24/7 customer support |
| MT4 available | |
| 600+ CFDs |
Is TopFX Legit?
TopFX is authorized and regulated by the Cyprus Securities and Exchange Commission(CYSEC) with license No.138/11. The license type is Market Making(MM), making it safer than unregulated.
What Can I Trade on TopFX?
TopFX offers various market instruments, including forex, indices, shares, metals, energies, ETFs, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
Account Type
TopFX has three live account types: Zero, Raw, and VIP. Traders who want low spreads and don't mind commission can choose a Raw account, while those with a sufficient budget can open a VIP account.
In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Zero | Raw | VIP |
| Currency | USD, EUR, GBP, JPY | USD, EUR, GBP, JPY | USD, EUR, GBP, JPY |
| Spread from | 1 pip | 0 pip | 0.2 pip |
| Min. Deposit | No min. deposit* | $5000 | $50000 |
| Leverage | 1:1000 | 1:1000 | Up to 1:1000 |
| Commission | $0 | $2.75 per side per lot | $0 |
TopFX Fees
The spread starts from 0.0 pips and the commission is from zore. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
Traders can conduct financial activities in MT4 and cTrader, available on Windows, Android, and iOS through TopFX. Investors can trade on mobile and tablet with the TopFX cTrader app and MT4. cTrader also supports Desktop & web versions.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Windows, Android, iOS | All |
| MT4 | ✔ | Windows, Android, iOS | Junior traders |
Deposit and Withdrawal
The first deposit amount is no limit. TopFX accepts bank payments, electronic payments, and QR payments for deposits and withdrawals. Electronic payments and QR payments can receive funds instantly, while bank payments can be processed within 5 days.
Do fbk-markets and topfx have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fbk-markets and topfx are, we first considered common fees for standard accounts. On fbk-markets, the average spread for the EUR/USD currency pair is -- pips, while on topfx the spread is From 0.5.
Which broker between fbk-markets, topfx is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fbk-markets is regulated by FSCA. topfx is regulated by CYSEC.
Which broker between fbk-markets, topfx provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fbk-markets provides the ZERO SPREAD, MICRO,ECN, Standard ,BONUS 100 platform with products like --; topfx offers the Pro,Zero,Growth platform featuring assets including --.
