Score
Fair Forex
United Kingdom|2-5 years| https://fairforex.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Fair Forex(UK) Ltd
License No.：700478
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
United KingdomAccount Information
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Website
fairforex.com
Website Domain Name
fairforex.com
Server IP
104.21.52.67
Company Summary
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 |
| 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 |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
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2022-08-30 12:29
News WIKIFX 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.
2022-08-30 12:20
News WIKIFX REPORT: Forex Wisdom to Remember
Wise Words for Forex Traders are meant to Make traders to have the the best journey in their trading. The forex market is the largest and most liquid trading reached $6.6 trillion a day in 2019. Getting involved with FX markets is easy, but that doesn’t mean starting will be simple.
2022-08-30 11:58
News WIKIFX REPORT: Essential Forex Trading Concepts You Should Know
You don't have to be a daily trader to take advantage of the forex market—every time you travel overseas and exchange your money into a foreign currency, you are participating in the foreign exchange, or forex, market. In fact, the forex market is the quiet giant of finance, dwarfing all other capital markets in its world.
2022-08-30 11:50
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