Fair Forex Information

Operating as an unlicensed broker for one to two years, Fair Forex LTD, with headquarters in Saint Vincent and the Grenadines, has been It provides trading in forex, cryptocurrencies, indices, commodities, and stocks among other asset types. Popular platforms such MetaTrader 4, MetaTrader 5, and WebTrade let clients trade.

Pros and Cons

Is Fair Forex Legit?

Fair Forex is not regulated, which means that it is not watched over by any financial officials like the FCA (UK) or ASIC (Australia). Trading is riskier because brokers don't have to follow industry standards to protect investors because there aren't any enforcement bodies.

What Can I Trade on Fair Forex?

Fair Forex provides tradable assets ranging from commodities to currencies and cryptocurrencies. This spectrum enables traders to participate in several market prospects.

Account Types

Three live account options are available from Fair Forex: Standard Account (for beginners, min deposit $50, spreads from 0.8 pips), Raw Spread Account (for experienced traders, min deposit $500, tight spreads), and ECN Account (min deposit $10,000, quick execution). There are neither Islamic nor a demo version. Every kind of account fits different degrees of experience and trading preferences.

Leverage

The asset being exchanged determines the different leverage Fair Forex provides. Leverage for FX is up to 1:500; for commodities it is up to 1:100; for cryptocurrency it is limited at 1:50.

Fair Forex Fees

Fair Forex offers low spreads, starting from 0.8 pips for the Standard Account and as low as 0.0 pips for the Raw Spread and ECN Accounts. Swap rates (overnight fees) are applicable but not explicitly mentioned.

Trading Platform