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Score

1.41 /10
Danger

Fair Forex

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://fairforex.com

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Score

Regulatory Index0.00

Business Index6.23

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Sanction

VU VFSC
2022-10-12
Notice of Revocation of the Financial Dealers License.
Fair Forex
Fair Forex
Fair Forex

Broker Information

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Company Name

Fair Forex Ltd

Company Abbreviation

Fair Forex

Platform registered country and region

United Kingdom

Company website

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Warning: Low score, please stay away! 3
Previous Detection : 2025-01-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 700478) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Fair Forex · Company summary

Note: Fair Forex's official website: https://fairforex.com/ is inaccessible normally.

Fair ForexReview Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationVFSC
Market InstrumentsStocks, indices, forex, commodities, cryptocurrencies
Account TypeRaw Spread, Standard, Pro
LeverageUp to 1:500
SpreadFrom 0.0 pips
Trading PlatformMT4, MT5
Min Deposit$50
Payment MethodBank Transfer, Visa, MasterCard, Zelle, BTC, Paypal and Cashapp.
Customer SupportEmail: support@fairforex.com
Physical Address: Suite 305, Griffith Corporate Centre, Beachmont, Box 1510, Kingstown, St Vincent and the Grenadines.

Fair Forex Information

Fair Forex is a brokerage registered in the United Kingdom. The trading instruments it provides cover stocks, indices, forex, commodities, cryptocurrencies. It is regulated by VFSC. Its maximum leverage is 1:500. The min deposit is $50. It offers 8 types of payment methods.

Pros and Cons

Pros Cons
Wide range of instrumentsSuspicious clone
Low minimum deposit of $50No demo trading account
Generous leverage up to 1:500No Islamic trading account
Low spreads start from 0.0 pips
MT4 and MT5 supported

Is Fair Forex Legit?

Fair Forex is regulated by VFSC in Vanuatu. Its current status is Suspicious Clone.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
VanuatuVFSCFair Forex(UK) LtdRetail Forex License700478Suspicious Clone

What Can I Trade on Fair Forex?

Fair Forex offers traders the opportunity to trade Stocks, indices, forex, commodities, cryptocurrencies.

Tradable Instruments Supported
Stocks✔
Indices✔
Forex✔
Commodities✔
Cryptocurrencies✔
Precious metals❌
Energies❌
Futures❌
Options❌

Account Type

Fair Forex provides 4 types of account types, which are Raw Spread, Standard, Pro and Enterprise.

Account TypeRaw SpreadStandardPro
Min Deposit$50$50$10000
Maximum Leverage1:5001:5001:500
SpreadFrom 0.0 pipsFrom 0.8 pipsFrom 0.0 pips
Commissions Per 1.0 Lot$6$0$5
Max Lot Size5005001000

Fair Forex Fees

Fair Forex'spreads that start from 0.0 pips. Raw Spread Account charges $6 commissions per 1.0 lot. Standard Account charges $0 commissions per 1.0 lot. Raw Spread Account charges $5 commissions per 1.0 lot.

Trading Platform

Fair Forex's trading platforms are MT4, MT5, which support traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT4 Margin WebTrader✔Web, Mobile
MT5✔Web, Mobile

Deposit and Withdrawal

Fair Forex accepts deposits and withdrawals with Bank Transfer, Visa, MasterCard, Zelle, BTC, Paypal and Cashapp.

MethodCurrencyDeposit FeesWithdrawal FeesDeposit TimeWithdrawl Time
Bank TransferUSD$0$3Same DaySame Day
VisaUSD$0$0Instant2-5 days
MasterCardUSD$0$0Instant2-5 days
ZelleUSD$0$04 hoursSame Day
BTCUSD$0Vary4 hoursSame Day
PaypalUSD$0$04 hoursSame Day
CashappUSD$0$04 hoursSame Day

News

NewsCaution: Clients Report Withdrawal Issues in Fair Forex

Forex remains a very popular form of investment, but it can be hard to spot the tricks online. Even legitimate forex trading platforms can be risky to traders.

WikiFX
2023-02-14 08:17
Caution: Clients Report Withdrawal Issues in Fair Forex

NewsWIKIFX REPORT: Which Currencies are Obsolete?

Currencies come and go. According to Bloomberg, over $10 billion in unredeemed outdated currencies circled in the EU after the euro was introduced.

WikiFX
2022-08-30 13:54
WIKIFX REPORT: Which Currencies are Obsolete?

NewsWIKIFX REPORT: Top Reasons Why Forex Traders Fail and Lose Money

This article debates in favour of the notion that a trader is their own worst enemy, and that human error is at the root of most problems. In short, the main reason why Forex traders lose money is no rocket science. It's the traders themselves.

WikiFX
2022-08-30 12:29
WIKIFX REPORT: Top Reasons Why Forex Traders Fail and Lose Money

NewsWIKIFX REPORT: The U.S. Dollar in the Market Today

The term "U.S. dollar" refers to a specific denomination and the U.S. currency in general. It was initially traded as a coin worth its weight in silver or gold. Today, the dollar is one of the strongest currencies in the world. It’s officially in use in the United States and has been adopted by other countries. Somewhere between ½ and ⅔ of the circulated U.S. currency is outside the U.S.

WikiFX
2022-08-30 12:20
WIKIFX REPORT: The U.S. Dollar in the Market Today
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伶
more than one year
To be honest, I am very grateful to WikiFX for helping me identify the real face of Fair Forex. Without WikiFX, it would have been very hard for me to discover that this company is actually a scam. At the same time, I feel lucky not to be trading here. I will continue to be vigilant against scammers.
To be honest, I am very grateful to WikiFX for helping me identify the real face of Fair Forex. Without WikiFX, it would have been very hard for me to discover that this company is actually a scam. At the same time, I feel lucky not to be trading here. I will continue to be vigilant against scammers.
Translate to English
2023-03-24 17:09
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more than one year
Impossible to get my money... Well, I'm trying to get a withdrawal from my account and it's just not happening! I've been sending emails, but my 'broker' doesn't react. I just want my money, not so difficult I think.
Impossible to get my money... Well, I'm trying to get a withdrawal from my account and it's just not happening! I've been sending emails, but my 'broker' doesn't react. I just want my money, not so difficult I think.
Translate to English
2023-02-22 13:50
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