Fair Forex Review
Fair Forex is an online trading broker that was formed by a group of retail traders. They are based in Saint Vincent and the Grenadines and provide traders with the intuitive MT5 trading platform for trading a range of financial assets, including forex, indices, commodities, cryptocurrencies, stocks, and more. The broker offers competitive trading conditions, such as multiple account options, spreads from 0.0 pips, and leverage of up to 1:400.
Fair Forex Review, Pros & Cons
- Multiple financial assets
- The sophisticated MT5 trading platforms
- Economic Calendar & other useful trading tools
- Educational resources
- Unregulated broker
- Located offshore
- No USA clients
- Not the lowest commissions
- No MT4 trading platforms
- No FIX API trading
- No online chat support
In this detailed Fair Forex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Fair Forex Overview
Operating since 2018 from Saint Vincent and the Grenadines, Fair Forex is an ECN broker that gives traders the opportunity to trade a wide range of financial markets using the highly advanced MetaTrader 5 trading platform, alongside a range of trading and learning tools. In addition to solid customer support, clients also enjoy same-day withdrawals, multiple payment methods, true ECN liquidity, and more.
Fair Forex Regulation
There is no regulatory information on the broker’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Fair Forex Countries
The broker offers its services to residents of countries or jurisdictions where the use of such services would not contradict any local law or regulation.
Some Fair Forex features and products mentioned within this Fair Forex review may not be available to traders from certain countries because of legal restrictions.
Fair Forex Platforms
Fair Forex provides traders with the MetaTrader 5 trading platform; it is the latest version of the industry’s leading MetaTrader platforms. Developed by the MetaQuotes software corporation, this innovative software helps brokerages, banks, and the exchange commission improve their operations. It is a platform of choice due for many online traders due to its vast array of useful features, including analytical tools with 38 built-in technical indicators, a built-in programming language for developing expert advisors. The MT5 platform is available as desktop, web, and mobile versions.
Fair Forex Trading Tools
The broker provides traders with a range of standalone trading tools, such as the Economic Calendar and Trading Calculators (Margin, Fibonacci, Pivot, and Profit calculators).
Fair Forex Education
There is a good collection of educational resources on the broker’s website, which can help traders improve their knowledge. These include blogs, articles, help center, and FAQs.
Fair Forex Instruments
The broker offers the following trading products: forex, indices, commodities, cryptocurrencies, stocks, and more.
Fair Forex Accounts & Fees
Traders are offered a choice of different trading account options to suit their individual trading objectives and capital. The account options have spreads from 0.0 pips, leverage of up to 1:400, and a minimum required deposit of $100. They include the following: Raw Spread, Standard, and Pro Raw Spread Accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this Fair Forex review. It is imperative to ensure that you check and understand all of the latest information before you open a Fair Forex broker account for online trading.
Fair Forex Support
The broker provides traders with a 24/7 client support team that can be reached via telephone, email, and social media.
Fair Forex Deposit & Withdrawal
Traders are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank wire transfer
- Credit/debit cards
- Electronic payment processors, including PayPal, M-Pesa, Zelle, and more
Fair Forex Account Opening
To open an account, click on the ‘sign up’ button on the broker’s homepage and fill the necessary details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Fair Forex Summary
Fair Forex is a trading broker formed by a group of traders. The broker offers multiple trading instruments via the intuitive MT5 trading platform. Traders get to benefit from a range of trading and learning tools and a dedicated client support team. There are multiple account options to choose from.
However, they are not regulated by any financial authority at the moment which could be a red flag for potential clients who are looking to trade online. You can see a list of regulated brokers on our best brokers page.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice.