Fair Markets-Overview Guide of This Broker

FAIR MARKETS Information

FAIR MARKETS, which was founded in 2012 and claims to be licensed in Australia, operates under suspicious cloned ASIC license. The broker provides a diverse selection of trading assets, including forex, indices, commodities, equities, and cryptocurrencies, through MT4, MT5, and online platforms, with both Aussie Premium and Standard accounts available, as well as demo accounts for practice.

Pros and Cons

Is FAIR MARKETS Legit?

FAIR MARKETS holds a suspicious cloned license. FAIR MARKETS claims to be regulated by Australia Securities & Investment Commission (ASIC), but the official license with the number 000424122 belongs to TRIVE FINANCIAL SERVICES AUSTRALIA PTY LTD, not FAIR MARKET.

What Can I Trade on FAIR MARKETS?

FairMarkets provides access to a wide range of goods, including forex (36 currency pairs), key global indexes, commodities (such as gold, silver, and oil), stocks, and cryptocurrencies, allowing traders to diversify their portfolios across asset classes.

Account Type

FairMarkets offers two types of live trading accounts to fulfill diverse trader needs. Both accounts provide free market data, support algo and EA trading, require no minimum deposit, and have negative balance protection. FairMarkets also provides demo accounts for traders to practice, however there is no clear indication of Islamic (swap-free) account availability.

Leverage

FairMarkets provides leverage in accordance with ASIC regulation limitations, including up to 30:1 for major forex pairs, 20:1 for minor pairs, gold, and major indices, 10:1 for commodities (except gold) and minor indices, 5:1 for stocks, and 2:1 for crypto CFDs. While greater leverage might boost prospective profits, it also raises the danger of loss.

FAIR MARKETS Fees

FAIR MARKETS' total fees are lower than industry standards, with tight spreads on its Aussie Premium account (starting at 0.0 pips + $1 commission) and no-commission trading on its Standard account (spreads beginning at 0.6 pips).

Trading Platform

Deposit and Withdrawal

FAIR MARKETS does not impose any deposit or withdrawal fees. The minimum deposit varies by method, however credit cards often have a modest minimum.

Deposit Options

Withdrawal Options