FairMarkets Review

Why choose FairMarkets

Focuses on transparency and client satisfaction with competitive trading conditions.

Pros

  • User-friendly platform.
  • Multiple account types.

Cons

  • Limited product range beyond forex and CFDs; limited educational resources for beginners.
FairMarkets

FairMarkets

Fee Level:

Medium

Inactivity Fee:

Medium

Index CFD Fee:

Medium

Investor Protection:

Compensation schemes vary by jurisdiction.

Mobile Platform:

Visit FairMarkets

Offers a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees; competitive forex spreads starting from 0.8 pips.

Cons

  • Limited investor protection depending on regulatory jurisdiction.

Implements security measures such as negative balance protection and segregated client funds.

Pros

  • Provides negative balance protection and segregated client funds.

Cons

  • Limited investor protection for clients in certain regions.

FairMarkets supports bank transfers, cards, Skrill, and Neteller. Deposits are instant; withdrawals take 1–5 days.

Pros

  • No deposit fees, multiple e-wallet options, fast deposits.

Cons

  • No deposit fees, multiple e-wallet options, fast deposits.

FairMarkets supports a digital onboarding process with a 1–2 business day KYC process.

Pros

  • Straightforward application and multiple funding options.

Cons

  • Straightforward application and multiple funding options.

FairMarkets provides mobile trading through the MetaTrader 4 (MT4) app, offering standard features like real-time quotes, basic charting tools, and various order types.

Pros

  • Reliable performance, widely used platform, essential trading functionalities.

Cons

  • No proprietary mobile app; interface may appear dated compared to newer applications.

FairMarkets utilizes the MT4 desktop platform, providing a stable environment with essential trading tools and support for automated trading strategies.

Pros

  • Supports Expert Advisors (EAs), customizable interface, extensive community support.

Cons

  • No support for MT5; interface may appear dated.

FairMarkets' product range includes various forex pairs and CFDs on commodities and indices, suitable for traders focusing on major markets.

What is the minimum deposit required?

For the Standard Fixed, Standard Variable, and Raw Zero accounts, there is no minimum deposit requirement, making them accessible to traders of all levels. The VIP Variable account requires a minimum deposit of $5,000.

Are there any regional restrictions?

Yes, FairMarkets does not offer services to individuals or legal entities located in certain jurisdictions, including Malaysia, the United States, the United Kingdom, and sanctioned countries such as Iran, Myanmar, and North Korea. This is due to regulatory restrictions in these regions.

Is FairMarkets a trustworthy broker?

FairMarkets is regulated by reputable authorities, including ASIC in Australia and the FSC in Mauritius, which provides a level of assurance regarding its operations. However, as with any financial service, it's advisable for traders to conduct thorough research and consider factors