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Sanction
VU VFSC
2022-10-12
Notice of Revocation of the Financial Dealers License. 
Fair Forex
Fair Forex
Fair Forex
No Regulation
Score
1.36 /10
Danger
Fair Forex
2-5 yearsSuspicious Regulatory License
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index5.87
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Regulatory disclosure
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-10
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Fair Forex Review Summary | |
| Founded | 2-5 Years |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Cryptocurrencies, Indices, Commodities, Stocks |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | As low as 0.0 pips |
| Trading Platform | MetaTrader 4, MetaTrader 5, WebTrade |
| Min Deposit | $50 (Standard Account) |
| Customer Support | Email: support@fairforexfx.com |
Fair Forex Information
Operating as an unlicensed broker for one to two years, Fair Forex LTD, with headquarters in Saint Vincent and the Grenadines, has been It provides trading in forex, cryptocurrencies, indices, commodities, and stocks among other asset types. Popular platforms such MetaTrader 4, MetaTrader 5, and WebTrade let clients trade.
Pros and Cons
| Pros | Cons |
| Wide spectrum of marketable tools | Absence of regulatory oversight |
| Up to 1:500 flexible leverage choices | Limited information availability (inaccessible website) |
| Selection of several trading systems | Unregulated status |
Is Fair Forex Legit?
Fair Forex is not regulated, which means that it is not watched over by any financial officials like the FCA (UK) or ASIC (Australia). Trading is riskier because brokers don't have to follow industry standards to protect investors because there aren't any enforcement bodies.
What Can I Trade on Fair Forex?
Fair Forex provides tradable assets ranging from commodities to currencies and cryptocurrencies. This spectrum enables traders to participate in several market prospects.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ❌ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
Three live account options are available from Fair Forex: Standard Account (for beginners, min deposit $50, spreads from 0.8 pips), Raw Spread Account (for experienced traders, min deposit $500, tight spreads), and ECN Account (min deposit $10,000, quick execution). There are neither Islamic nor a demo version. Every kind of account fits different degrees of experience and trading preferences.
Leverage
The asset being exchanged determines the different leverage Fair Forex provides. Leverage for FX is up to 1:500; for commodities it is up to 1:100; for cryptocurrency it is limited at 1:50.
Fair Forex Fees
Fair Forex offers low spreads, starting from 0.8 pips for the Standard Account and as low as 0.0 pips for the Raw Spread and ECN Accounts. Swap rates (overnight fees) are applicable but not explicitly mentioned.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | Desktop, Mobile, Web | All types of traders |
| MetaTrader 5 (MT5) | ✔ | Desktop, Mobile, Web | Advanced traders |
| WebTrade | ✔ | Browser-based platform | Convenient for quick access |
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