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Contract reading

What FBK MARKETS legally published, but does not want you to read

Every clause below is published by FBK MARKETS itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: RocketX (Pty) Ltd

sole discretionunilateral amendmentdeemed acceptancehidden feeprofit voidingwithdrawalsbonus lockconflict disclosureforum waiverkyc freeze

FBK Markets published a notice saying it lost its licence cover on 11 May 2026. Every page footer still claims it holds that licence. The contract you sign is with RocketX, not FBK Markets, and it never names FBK Markets once. It gives you 24 hours to challenge an error in a statement. The site sells trading robots and negative balance protection that the same contract takes away.

Back to FBK MARKETS

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
16
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

How the 16 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning7
Notice3

section 30 of 39is where the deepest clause sits, 77% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical9In the contract. Jump to the clause this comes from.Site claims a licence its own notice withdrewCritical2 working daysTime to complain. Jump to the clause this comes from.Two business days to challenge a trade, then it is bindingCritical13Profit at risk. Jump to the clause this comes from.Thirteen banned practices, and the results can be voidedCritical100%Bonus requirement. Jump to the clause this comes from.Any withdrawal cancels the 100% deposit bonus

What the documents say

16 clauses worth knowing about, worst first, each quoted from FBK MARKETS's own files

01

FBK Markets posted a notice on its own home page saying it stopped being authorised under the RocketX licence on 11 May 2026. Every page footer on the site still tells you it is licensed and regulated by the FSCA, and so do 9 of its 10 legal documents.

Why this matters

You would be depositing with a brand that says, in one pop up, that it can no longer deal with you on any financial services matter. The notice tells you to contact RocketX for withdrawals and deposits, yet the site still runs a Register Now button into FBK Markets' own portal.

Exhibit 1CriticalRarely seen9

Please be advised that the juristic representative arrangement between RocketX (Pty) Ltd (FSP No. 52142) and FBK Markets (Pty) Ltd has been terminated, effective 11 May 2026. As of 12 May 2026, FBK Markets is no longer authorised to operate under the RocketX licence or to engage with clients on any financial services matters.
Quoted in Forex Trading Website | FBK Markets
Read from the broker's site on Archived copyOpen the reference
Our own capture of fbkmarkets.com, taken on Aug 26, 2026The claim, on Legal and regulation footer, repeated on every page of the site including the regulation pageVisit this page on the broker's siteDownload the full size image file
Our own capture of fbkmarkets.com, taken on Aug 26, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Buried at section 29 of 39 in the Forex Trading Website | FBK Markets, 74% of the way through.

Set against a regulated standard: FSCA (South Africa)

Firms licensed by the FSCA must not describe themselves as authorised when an authorisation has ended, and a juristic representative acts only under the licence of the provider that appointed it. This site keeps that description on every page after publishing a notice that the appointment ended.

FBK MARKETS is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingA firm publishing its own loss of authorisation while leaving the opposite claim on every other page is not a drafting choice. The two statements cannot both be true on the same day, and the one that reads as reassuring is the one repeated site wide.

  • Worse together with Exhibit 15The brand you are told is regulated is not the company that holds your money or signs your contract.
02

All 5 FBK Markets account types are advertised with negative balance protection, which means a loss cannot push you below zero. Clause 23.1 of the RocketX client agreement says the opposite: a negative balance in abnormal market conditions is yours, and you must pay it to RocketX.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A gap in a volatile market can leave you owing RocketX money on top of everything you deposited. The clause is limited to abnormal market conditions, which RocketX defines and judges in its own reasonable opinion, and the risk policy adds that no statutory compensation scheme protects you.

Exhibit 2CriticalHarder than usual5

Negative Balance Protection
Quoted in Account Types | FBK Markets
Read from the broker's site on Open the reference
Our own capture of fbkmarkets.com, taken on Aug 26, 2026The claim, on Account comparison table, listed for all five account typesVisit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 26, 2026What the contract says, clause 23.1Visit this page on the broker's siteDownload the full size image file

What it costsDeposit R10 000 and a gap takes the account to minus R4 000. Clause 23.1 leaves you owing RocketX the R4 000 after the R10 000 is gone.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and by CySEC must give retail clients negative balance protection on CFDs, so a retail account cannot lose more than the money in it. This contract makes the client pay the negative balance instead.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

03

Every FBK Markets account type is advertised with Expert Advisors, the trading robots that MetaTrader is built around. Clause 19.1.3 of the RocketX client agreement makes the use of any Expert Advisor a prohibited trading practice, and the bonus terms end your bonus on nothing more than a suspicion you used one.

Why this matters

You could buy an account for the robot feature on the comparison table and hand RocketX a reason to unwind your trades under clause 19.2. The ban is not limited to abusive robots. It covers any Expert Advisors.

Exhibit 3CriticalRarely seen

Expert Advisors (Trading Robots)
Quoted in Account Types | FBK Markets
Read from the broker's site on Open the reference
Our own capture of fbkmarkets.com, taken on Aug 26, 2026The claim, on Account comparison table, listed as a feature of all five account typesThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 26, 2026What the contract says, clause 19.1.3Visit this page on the broker's siteDownload the full size image file

Our readingBrokers commonly restrict robots on bonus accounts or during news events. Advertising Expert Advisors as a headline feature of every account while the governing contract bans all of them leaves the same conduct approved and prohibited at once, and RocketX picks which reading applies.

  • Same clause as Exhibit 5Both rest on clause 19, where the list of banned conduct and the power to void the results sit together.
04

Clause 32.9.5 gives you 2 business days to tell RocketX a transaction confirmation is wrong. Clause 32.9.6 then treats it as correct and binding on you. For an error in an account statement, clause 21.2.1 cuts the window to 24 hours from delivery.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

Miss the window and your silence becomes your agreement, whatever the platform actually did. The 24 hour clock runs from delivery, not from the moment you open the statement, so a weekend or a bad connection can close it before you look.

Exhibit 4CriticalHarder than usual2 working daysNew

The Client shall promptly review each Transaction Confirmation and notify RocketX in writing of any alleged discrepancy within two (2) Business Days after receipt of the confirmation.
Clause 32.9.5 in Client Agreement, p.34
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 26, 2026Two business days to challenge a trade, then it is binding (clause 32.9.5)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must allow a retail client at least six months to bring a complaint and refer it to an independent ombudsman. This contract measures the window in hours and days, and treats the deadline passing as acceptance.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 13The old agreement emailed you a statement every day, which is what made a 24 hour deadline possible to meet.
05

Clause 19.1 of the RocketX client agreement bans 13 kinds of trading. Clause 19.2 then lets RocketX treat any result of them as void and unwind the trade with immediate effect. Closing a position within 15 minutes of opening it is enough to count as scalping.

Why this matters

A profitable morning of short trades fits the contract's own definition of scalping, and RocketX decides on its own whether to act on it. The only place the site warns you about this is a line in the footer disclaimer.

Exhibit 5CriticalHarder than usual13

It is recorded that RocketX maintains a zero-tolerance policy for the aforesaid prohibited trading practices and abusive trading strategies and reserves its rights to treat any of the aforesaid prohibited trading practices or any result of such transactions at its discretion as void, and to cancel, close and unwind any such transaction with immediate effect.
Clause 19.2 in Client Agreement, p.18
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 26, 2026Thirteen banned practices, and the results can be voided (clause 19.2)Visit this page on the broker's siteDownload the full size image file

Buried at section 30 of 39 in the Client Agreement, 77% of the way through.

What it costsOpen and close ten trades inside a morning, each held under 15 minutes. Clause 19.1.1 already describes that as scalping, before anyone looks at whether you profited.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC may cancel trades for proven market abuse, but must set out the grounds and give the client a route to challenge the decision. This clause needs no finding, sets no time limit and offers no appeal.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Any withdrawal cancels the whole 100% bonus

FBK Markets' 100% deposit bonus is forfeited on any withdrawal, whatever the amount. FBK Markets can remove it at any time without notice, and says it is not liable if that removal stops out your open trades. In its own words, any decision it takes is final.

Bonus conditions1 clause flagged

FBK Markets' 100% deposit bonus disappears the moment you withdraw anything at all. FBK Markets can also remove it at any time without notice, and says it is not liable if that removal stops out the trades you have open.

Why this matters

Withdrawing R500 can cost you the whole bonus, because the terms say it is forfeited on any withdrawal, not on a proportional part. If the credit vanishes while trades are running, your margin drops to your own balance and positions can close at a loss.

Exhibit 6CriticalHarder than usual100%

Bonus is automatically forfeited upon any withdrawal made.
Quoted in 100% Bonus Terms and Conditions, p.2
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 26, 2026Any withdrawal cancels the 100% deposit bonusVisit this page on the broker's siteDownload the full size image file

What it costsDeposit R1 000 and trade with R2 000. Withdraw R100 and the R1 000 bonus goes, leaving R900 of your own money to hold the same trades.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Any withdrawalThe bonus is forfeited automatically, whatever the amount you took out.
Balance moved to another accountYou lose the bonus, and it cannot be transferred with you.
Robot use suspectedFBK Markets ends the bonus immediately, on suspicion alone.
Bonus removedMargin rests on your own balance only, which can trigger a stop out on open trades.
  • Worse together with Exhibit 3The account is sold with trading robots, and using one costs you the bonus and exposes the trades to clause 19.2.

FBK Markets can add a deposit or withdrawal fee whenever it likes

FBK Markets reserves the right to apply deposit and withdrawal fees at any given time, and publishes no fee schedule anywhere. Clause 10.2 of the RocketX client agreement puts the duty on you to check rocketx.io for changes. Interest earned on your money is assigned to RocketX by clause 13.3.4.

Cost disclosure2 clauses flagged

FBK Markets reserves the right to apply deposit fees and withdrawal fees at any given time, and publishes no fee schedule anywhere. Clause 10.2 lets RocketX change what it charges on deposits and withdrawals and just post the change on its own website.

Why this matters

You cannot work out today what it costs to move money in or out, because no document states a number. Clause 10.2 also puts the duty to spot a change on you, and points you at rocketx.io, which is not the site you registered on.

Exhibit 8WarningHarder than usual

We reserve the right to apply deposit limits and deposit fees at any given time.
Clause Deposits in Deposits & Withdrawals | FBK Markets
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose all costs and charges to a retail client before they trade, in a form the client can keep. This contract names no figure and reserves the right to introduce one later.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10Both the fee changes and the contract changes are announced on a website the FBK Markets client never had a reason to visit.

Clause 13.3.4 lets RocketX put any interest earned on the segregated account holding your funds towards its own administration costs, and says you cannot claim that interest. Clause 12.4 confirms RocketX pays you no interest on your balance. Both arrived in the 18 March 2026 version.

Why this matters

Money sitting in your account between trades earns something, and that something belongs to RocketX. On a large balance held over months, this is a real cost that appears on no fee schedule.

Exhibit 14NoticeStandard wordingNew

The Client acknowledges and agrees that any interest which may accrue on funds held in the segregated TPFA Account may be applied towards the costs associated with the administration, maintenance and operation of Client trading accounts and the TPFA Account, and the Client shall not be entitled to claim payment of such interest, unless otherwise required by Applicable Laws.
Clause 13.3.4 in Client Agreement, p.13
Read from the broker's site on Open the reference

The contract says nothing about getting your money out

The 37 page RocketX client agreement contains no withdrawal clause at all. The only rules sit on an FBK Markets web page, which allows up to 48 working hours and lets the finance department decline a request. The regulation page on the same site promises a same day withdrawal.

Exit conditions1 clause flagged

The 37 page RocketX client agreement never sets out how you get your money out. There is no timeline, no procedure and no right to withdraw in it. The only rules live on an FBK Markets web page, which says a withdrawal takes up to 48 working hours and the finance department can decline it.

Why this matters

The terms controlling your payout sit on a page FBK Markets can edit any afternoon, not in the contract you agreed to. The same site's regulation page promises same day withdrawal, so two of its own pages disagree about how long you wait.

Exhibit 7WarningHarder than usual

Withdrawal requests are accepted and approved by our finance department in accordance with the terms and conditions of this agreement. Should you not meet all the terms and conditions set, we reserve the right to decline your withdrawal request.
Clause Refunds and Withdrawal in Deposits & Withdrawals | FBK Markets
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must set out withdrawal terms in the client agreement itself and pay a retail client promptly on request. Here the client agreement is silent and the terms sit on a marketing page.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 12Your identity papers are checked when you ask to withdraw, so a document gap becomes a payout delay.

RocketX can rewrite the agreement by posting it on its own site

Clause 31.1 lets RocketX amend the client agreement at its sole discretion and notify you by publishing on its website. Clause 1.1.22 defines that website as rocketx.io, which is not the site an FBK Markets client registered on. The change binds you from the date of that notice.

Changing the deal1 clause flagged

Clause 31.1 lets RocketX change the client agreement at its sole discretion and tell you by posting a notice on its website. Clause 1.1.22 defines that website as www.rocketx.io, which is not the site an FBK Markets client signed up on.

Why this matters

A change binds you from the day RocketX publishes it, whether or not you saw it. Nothing in clause 31 requires an email, a notice period or your agreement.

Exhibit 10WarningHarder than usual

by publishing a notice of any amendment on its Website and updating the documents on the Website to reflect the amendment; or,
Clause 31.1.1 in Client Agreement, p.31
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must give a retail client advance written notice of a change that affects them, usually 30 days or more. This clause makes the change effective on the date it is posted.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

You get two business days to say a trade is wrong

Clause 32.9.5 of the RocketX client agreement gives you two business days to dispute a transaction confirmation, and clause 32.9.6 then treats it as correct and binding. Clause 21.2.1 cuts that to 24 hours for an error in a statement. The older agreement's promise of a daily statement by email has been removed.

Time to object2 clauses flagged

Clause 30 sends every dispute to arbitration in Cape Town before a single advocate, and the award is final and binding. Clause 30.9 calls your consent irrevocable and says no party may withdraw from it. The complaints policy meanwhile tells you the FAIS Ombud is available.

Why this matters

If you live in Durban, Johannesburg or Botswana, pursuing a claim means arbitrating in Cape Town at your own cost. Two FBK Markets documents point you down two different routes, and the contract is the one that binds.

Exhibit 11WarningHarder than usual

The Arbitration shall be held in Cape Town in accordance with the formalities and/or procedures settled by the Arbitrator, which may be in an informal and summary manner, that is, on the basis that it shall not be necessary to observe or carry out either the usual formalities or procedure or the strict rules of evidence
Clause 30.6 in Client Agreement, p.30
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), FSCA (South Africa)

Firms licensed by the FCA and CySEC must give retail clients access to a free independent complaints scheme, and cannot make private arbitration the only route. The complaints policy here does name the FAIS Ombud, while clause 30.9 makes arbitration consent irrevocable.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The previous client agreement promised you a trading statement by email every day. The version dated 18 March 2026 removed that line and replaced it with a duty to provide records, confirmations and statements, with no frequency and no delivery method attached.

Why this matters

Clause 21.2.1 still gives you 24 hours from delivery to report an error in a statement. The daily email that made that deadline possible to meet is no longer promised anywhere.

Exhibit 13WarningHarder than usualNew

The Client will receive daily trading statements by way of electronic mail.
Clause 4.1.3 in RocketX ODP Client Agreement - FBK Markets
Downloaded from the broker's site on Open the reference

Your account is disabled if due diligence cannot be completed

Clause 5.4 of the RocketX client agreement disables your trading accounts if RocketX cannot complete ongoing due diligence under FICA, with no deadline and no appeal written in. FBK Markets checks your FICA papers when you request a withdrawal rather than when you deposit.

Verification1 clause flagged

Clause 5.4 says your trading accounts will be disabled if RocketX cannot carry out ongoing due diligence under South Africa's FICA rules. No deadline, no warning and no appeal is written into the clause. FBK Markets also checks your FICA papers when you request a withdrawal.

Why this matters

Your money can be locked behind a paperwork request that arrives at the moment you try to take it out. Clause 5.5 also lets RocketX refuse to open an account at its own discretion, with no reason given.

Exhibit 12WarningStandard wording

Should RocketX be unable to conduct the customer ongoing due diligence as required in FICA, the Client Trading Accounts will be disabled, and a record thereof must be kept for no less than 5 (five) years.
Clause 5.4 in Client Agreement, p.7
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), FSCA (South Africa)

Firms licensed by the FCA and CySEC must run identity checks, and normally must complete them before a client funds an account rather than when a payout is requested.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

RocketX says its revenue comes from client net losses

Clause 10.1.5 of the RocketX client agreement states that revenue is derived from the client's net losses. That sentence sits in the fees clause. The conflict of interest policy, the document written for exactly this disclosure, never mentions it.

Whose side1 clause flagged

RocketX states that its revenue comes from what clients lose. The sentence sits inside clause 10.1.5, in the fees section of the client agreement. The conflict of interest policy, the document written to explain exactly this, never mentions it.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

RocketX is the other side of your trade, so your loss is its income. Reading its conflict of interest policy would not tell you that, because that document talks about staff gifts and best advice instead.

Exhibit 9WarningStandard wording

For the avoidance of any doubt, revenue is derived from the Client’s net losses in terms of RocketX’s prevailing ODP license conditions.
Clause 10.1.5 in Client Agreement, p.11
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose a conflict of this kind clearly and in good time, in the material a client is directed to. RocketX does disclose it, in a fees clause rather than in its conflict of interest policy.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Your counterparty is RocketX, and the agreement never names FBK Markets

The client agreement on the FBK Markets legal page is a RocketX (Pty) Ltd document, and the words FBK Markets appear nowhere inside it. RocketX holds FSP number 52142 and is the principal to every contract for difference you buy. The risk policy states that no statutory compensation arrangements protect you.

Who you contract with2 clauses flagged

The Terms and Conditions link on the FBK Markets legal page opens a RocketX client agreement. The words FBK Markets appear nowhere inside it, in either the current version or the one it replaced. RocketX holds FSP number 52142 and is the principal to every contract for difference you buy.

Why this matters

The company you deal with daily and the company you have a contract with are not the same. The risk policy adds that no statutory compensation arrangements protect you if things go wrong.

Exhibit 15NoticeStandard wording

“RocketX”, “we”, “us” or “our” means RocketX (Pty) Ltd with registration number 2020/824856/07, an authorised ODP, with ODP license and financial services provider (“FSP”) with FSP license number 52142;
Clause 1.1.15 in Client Agreement, p.3
Read from the broker's site on Open the reference

Order Execution Policy sits in the FBK Markets menu on every page. The link goes to the home page, and none of the 10 documents on the legal page is an execution policy. Nothing tells you how your order gets priced or filled.

Why this matters

You cannot check what happens when a price moves between your click and the fill, or when RocketX requotes you. The agreement makes RocketX your counterparty, which is exactly when an execution policy matters most.

Exhibit 16NoticeHarder than usual10

Order Execution Policy
Quoted in Legal Documents | FBK Markets
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must publish an order execution policy and give retail clients enough detail to understand how orders are filled. No such document appears in this set.

FBK MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The footer sells FBK Markets as FSCA regulated while the notice on the same site says its authorisation ended on 11 May 2026.

Said in public, in English

FBK Markets SA (Pty) Ltd is incorporated in South Africa with registration number 2020/254472/07 and is a duly appointed Juristic Representative of RocketX (Pty) Ltd, a company duly incorporated under the laws of South Africa, with company number 2020/824856/07, an authorised financial services provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 52142

Legal and regulation footer, repeated on every page of the site including the regulation page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fbkmarkets.com

In the contract

Please be advised that the juristic representative arrangement between RocketX (Pty) Ltd (FSP No. 52142) and FBK Markets (Pty) Ltd has been terminated, effective 11 May 2026. As of 12 May 2026, FBK Markets is no longer authorised to operate under the RocketX licence or to engage with clients on any financial services matters.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fbkmarkets.com

02

Every account type is sold with negative balance protection, and clause 23.1 makes the client pay the negative balance.

Said in public, in English

Negative Balance Protection

Account comparison table, listed for all five account types

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fbkmarkets.com

In the contract · clause 23.1

Any negative balance in the Trading Account arising from or the occurrence of Abnormal Market Conditions shall be for the account of the Client and will be payable by the Client to RocketX upon delivery of a Trading Account statement, indicating such negative balance.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

03

Trading robots are advertised on every account type and banned outright by clause 19.1.3 of the contract.

Said in public, in English

Expert Advisors (Trading Robots)

Account comparison table, listed as a feature of all five account types

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fbkmarkets.com

In the contract · clause 19.1.3

The use of automated Expert Advisors, or any Expert Advisors: Expert Advisors (EAs) are automated trading systems that execute trades based on predetermined criteria.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

04

The regulation page promises a same day withdrawal and the deposits page allows up to 48 working hours for the same payment.

Said in public, in English

Same day withdrawal

Statistics strip at the top of the regulation page

In the contract · clause Refunds and Withdrawal

Withdrawals are processed up to 48 working hours, however this does not include unforeseen circumstances related to possible system technical errors.

What changed quietly

First reading of FBK Markets, so there is nothing to compare it against yet.

  • REMOVEDClause 4.1.3 · RocketX ODP Client Agreement (undated) to 18-03-2026

    The client lost the promise of a daily statement by email while keeping a 24 hour deadline to report a statement error.

  • ADDEDClause 32.9.6 · RocketX ODP Client Agreement (undated) to 18-03-2026

    Silence for two business days now counts as agreement that a trade confirmation is correct.

    In the absence of such notification within the prescribed period, the Transaction Confirmation shall, in the absence of manifest error, be deemed to be correct and binding on the Parties.

  • ADDEDClause 13.3.4 · RocketX ODP Client Agreement (undated) to 18-03-2026

    Interest earned on client money is now expressly assigned to RocketX and put beyond the client's claim.

    The Client acknowledges and agrees that any interest which may accrue on funds held in the segregated TPFA Account may be applied towards the costs associated with the administration, maintenance and operation of Client trading accounts and the TPFA Account, and the Client shall not be entitled to claim payment of such interest, unless otherwise required by Applicable Laws.

  • REWRITTENClause 19.1.1 · RocketX ODP Client Agreement (undated) to 18-03-2026

    Scalping went from a bare word to a definition that catches any position closed within 15 minutes.

    Scalping is a trading strategy where the trader engages in frequent transactions, capitalizing on minor price fluctuations, usually targeting an average of 5 pips or less within a 24-hour trading period or in brief timeframes. This approach includes closing a trading position within 15 minutes of its opening.

  • REWRITTENClause 1.1.17 · RocketX ODP Client Agreement (undated) to 18-03-2026

    The segregation of client money is spelled out properly, and this change works in the client's favour.

    Client funds deposited into the TPFA Account shall be held separately from RocketX’s own funds and shall be used solely for purposes permitted under this Agreement, including meeting client obligations arising from Trades executed through RocketX, satisfying margin requirements, and payment of fees due to RocketX under this Agreement.

The documents this reading is based on

16 files, all published by FBK MARKETS. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording FBK MARKETS publishes.

How this reading was done

Every clause above was read out of a document FBK MARKETS publishes itself

This reading was published on .

Documents
11 of 16downloaded from the broker's site, and 11 read in full
Pages opened
24pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
10public pages set against what the contract says
Position measured
2clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

RocketX (Pty) Ltd

You contract with RocketX (Pty) Ltd, registration number 2020/824856/07, holder of FSP number 52142. Clause 1.1.15 names it, and page one of the agreement makes it the principal and counterparty to every contract for difference you buy. FBK Markets SA (Pty) Ltd, registration number 2020/254472/07, is the brand and the website, and its name appears nowhere inside either version of the client agreement. FBK Markets described itself as a juristic representative of RocketX, which means it acted under the RocketX licence rather than holding one. FBK Markets' own notice of 12 May 2026 says that arrangement ended on 11 May 2026 and that RocketX has taken over all clients.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Client money is genuinely ring fenced. Clause 1.1.17 of the RocketX client agreement puts your funds in a segregated third party account under Conduct Standard 2 of 2018, held apart from RocketX's own money, and the March 2026 revision spelled that out where the older version left it in one line. The complaints policy prints the FAIS Ombud's phone number, email and website, along with the six week window and the R800 000 claim limit, which many brokers omit. Nothing in the document set charges a dormancy or inactivity fee, and no clause lets FBK Markets absorb a balance for going quiet. Clause 10.1.5 states in plain words that RocketX earns its revenue from client net losses. Most brokers never write that sentence down.

We read the RocketX client agreement, the complaints policy, the 100% bonus terms, the Know Your Broker terms and the Double Up Mondays terms from start to finish. We checked the privacy policy, the money laundering policy, the PAIA manual and the conflict of interest policy for named terms rather than reading them through, and we quote nothing from the first three. The legal page's Terms and Conditions link opens a RocketX document that never mentions FBK Markets, so we found no contract between you and FBK Markets itself. The site menu offers an Order Execution Policy, but that link goes to the home page and no such document is published. The bonus terms send you to fbkmarkets.com/leverage-margin for the leverage rules, and that address returns a not found error. We did not test the client portal or the partner portal, which both sit behind a login.

How to check any of this yourself

Every quote above links to the FBK MARKETS file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document FBK MARKETS publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge FBK MARKETS on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 26, 2026.

If you represent FBK MARKETS and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on FBK MARKETS. Whether its licence is real and current is a separate check on the broker profile.

Back to the FBK MARKETS profile