FairForex-Overview of Spreads, Commissions, Leverage

WikiFX | 2024-12-31 14:07

Extracto：As an ECN broker, FairForex provides services for trading currency pairs and CFDs across a range of asset classes. It has been in business since 2018, has three offices, and is subject to SVG FSA regulation (St Vincent & The Grenadines Financial Services Authority). The business closes transactions at the best price and assures there won't be any requotes by using the A Book execution approach. Customers of Fair Forex have the option of trading independently as well as earning passive money through the use of the MAM system, a trade copying service that also makes use of robot advisers.

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

Fair ForexReview Summary
Founded	2022
Registered Country/Region	United Kingdom
Regulation	VFSC
Market Instruments	Stocks, indices, forex, commodities, cryptocurrencies
Account Type	Raw Spread, Standard, Pro
Leverage	Up to 1:500
Spread	From 0.0 pips
Trading Platform	MT4, MT5
Min Deposit	$50
Payment Method	Bank Transfer, Visa, MasterCard, Zelle, BTC, Paypal and Cashapp.
Customer Support	Email: support@fairforex.com
Customer Support	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 instruments	Suspicious clone
Low minimum deposit of $50	No demo trading account
Generous leverage up to 1:500	No 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 Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
Vanuatu	VFSC	Fair Forex(UK) Ltd	Retail Forex License	700478	Suspicious 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 Type	Raw Spread	Standard	Pro
Min Deposit	$50	$50	$10000
Maximum Leverage	1:500	1:500	1:500
Spread	From 0.0 pips	From 0.8 pips	From 0.0 pips
Commissions Per 1.0 Lot	$6	$0	$5
Max Lot Size	500	500	1000

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 Platform	Supported	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.

Method	Currency	Deposit Fees	Withdrawal Fees	Deposit Time	Withdrawl Time
Bank Transfer	USD	$0	$3	Same Day	Same Day
Visa	USD	$0	$0	Instant	2-5 days
MasterCard	USD	$0	$0	Instant	2-5 days
Zelle	USD	$0	$0	4 hours	Same Day
BTC	USD	$0	Vary	4 hours	Same Day
Paypal	USD	$0	$0	4 hours	Same Day
Cashapp	USD	$0	$0	4 hours	Same Day