Established in 2018 in Saint Vincent and the Grenadines, Fair Forex is an ECN trading broker that provides traders with the intuitive MT5 trading platform and a range of trading and learning tools to enable them to forex, indices, commodities, cryptocurrencies, stocks, and other financial markets. Traders benefit from a selection of favourable trading conditions, including same-day withdrawals, multiple payment methods, true ECN liquidity, multiple account options, spreads from 0.0 pips, and leverage of up to 1:400.
Fair Forex Review Introduction
In this Fair Forex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Fair Forex.
Fair Forex Platforms & Tools
Trades are executed on the MetaTrader 5 trading platform, an advanced trading platform that was launched in 2010 by MetaQuotes. The platform enhances the services of brokerages, banks, and exchange commissions. It is built with an interface that is user-friendly to suit beginner traders yet advanced enough for the more complex trading activities of experts. There is a good range of useful trading tools and functionalities built into the MT5 trading platform, such as analytical tools with 38 technical indicators, MQL5 programming language, and support for automated trading using expert advisors. The broker makes the MT5 trading platform available as a desktop application for Windows and Mac computers, Web Trader, and a mobile app that is designed for smartphones running on Android or iOS.
Traders are also provided with a range of useful trading tools in addition to those built into the MT5 trading platform. They include an economic calendar, a variety of trading calculators, and more.
Fair Forex Research & Education
To improve traders’ skills and knowledge of the financial markets, the broker provides them with a good selection of educational resources, such as blogs, articles, a help centre, and an FAQ section that provides answers to some of the most common questions that they may have.
Fair Forex Trading Accounts
Traders are offered a choice of different trading account types to meet their individual trading needs. The account types include the Raw Spread, Standard, and Pro Raw Spread Accounts. The accounts have spreads that start from 0.0 pips, leverage of up to 1:400, and a minimum deposit requirement of $100.
Fair Forex Account Funding
The following payment methods are available at Fair Forex for both account deposits and withdrawals: bank wire transfer, credit/debit cards, electronic payment processors, and bitcoin.
Fair Forex Customer Service
Fair Forex offers a knowledgeable client support team that is available 24/7 and can be reached via the following contact channels: telephone, email, and social media.
Fair Forex Regulation
There is no regulatory information on the broker’s website at the moment. Lack of regulation deter potential traders and investors as unregulated financial services providers cannot offer the same level of protection to investors that the regulated ones can.
Fair Forex Review Summary
Fair Forex is an online trading broker that was launched in Saint Vincent and the Grenadines by a group of traders to offer online trading services in multiple financial instruments. They provide the MT5 trading platform and a selection of some useful trading tools and educational resources. There are several trading accounts options with an initial deposit requirement of $100. However, there is no regulatory information on the broker’s website at the moment.
It is worth mentioning that some of the trading products and services in this Fair Forex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Fair Forex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.