FairMarkets Forex Review

Read our full FairMarkets review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased FairMarkets opinion allows our readers to decide whether FairMarkets is a reliable broker.

FairMarkets Forex Broker History

FairMarkets is an FX and CFDs broker launched in 2021. It provides access to a broad range of markets through advanced trading software MT4 and 5. The broker has acquired a license, which adds to its legitimacy and ensures client protection from unethical practices. The broker offers low minimum deposits, which makes it affordable for beginners. The spreads and other conditions also seem competitive.

FairMarkets broker safety

FairMarkets is regulated in two jurisdictions. It is overseen by the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC) in Mauritius. This ensures that the broker is legit and reliable, as the ASIC regulator is known for their stringent rules and strict oversight.

The broker keeps trader funds in segregated bank accounts, ensuring they stay separate from its operational funds. This policy is paramount in online financial trading and ensures client funds are protected.

FairMarkets offers negative balance protection, ensuring traders never lose more than their initial investment. In other words, traders won’t go into the minus even if they abuse leveraged trading.

FairMarkets Broker Review of Accounts

FairMarkets offers access to several accounts: standard and pro. The standard account offers ultra-low spreads from 0.0 pips, which is very competitive. There are commissions charged for this account of 1 dollar per side per lot, which is very cheap. This account enables traders to deploy even more aggressive scrolling strategies as the commissions and spreads are super competitive. The minimum deposit requirements are also very competitive, as the broker allows traders to start trading from just 1 USD. This makes the standard account among the best offerings in the market right now.

The pro account offers similar conditions as the standard account, but it also provides higher leverage of up to 1:500. In Australia, the leverage is strictly limited to 1:30 for retail traders, and the pro account offers professional traders up to 500:1, which is allowed by the ASIC. There is also an Aussie Premium account, but it also comes with 0 pip spreads, low commissions, and minimum deposit requirements of just 1 dollar. The minimum lot size is 0.01 lots, which is also very beginner-friendly.

FairMarkets instruments

The broker offers access to a wide range of markets. There are Forex pairs, commodities, stocks, and index CFDs. This is very flexible and allows multi-asset traders to diversify their trading portfolios. The leverage is more than enough, and spreads and commissions are among the best on the market right now, making the broker very competitive. The only downside is that the broker does not offer crypto pairs, which is unfortunate, as all other trading conditions are excellent.

FairMarkets Reviews of Trading Platforms

FairMarkets offers access to one of the most popular advanced software programs, MT4. The platform is known for its capabilities and allows traders to launch Expert Advisors and custom indicators. The broker allows traders to deploy both of these tools. The broker also provides access to MT5, and mobile trading is available, accessible on iOS and Android devices.

FairMarkets Forex Review of Extra Features

FairMarkets offers educational content and tools. There are e-books and an educational center for novices that provide a starting point. There are trading tools such as an economic calendar and calculators. An economic calendar is a must-have tool for traders to monitor macroeconomic news and events.

FairMarkets Reviews of Customer Support

The customer support experience at FairMarkets is provided via email on the Australian website and via email and live chat for international traders. There is also a phone support option available, and the broker discloses its addresses.

The broker is not multilingual as it only offers two languages for both support and the website.

FairMarkets Deposit and Withdrawal

Deposits and withdrawals at FairMarkets can be made via bank cards, wire transfers, and e-wallets. However, only deposits can be made via eWallets, and withdrawals are not available for this payment method. There are no details provided about fees and processing times, which is a serious drawback.

FairMarkets Review Conclusion – Can you trust FairMarkets?

FairMarkets is a licensed financial broker regulated by the ASIC and MU FSC, offering low deposits, competitive spreads, and access to MT4 and MT5 advanced trading software. While it lacks crypto assets and has limited withdrawal options for e-wallets, its strong regulations, low trading costs, and negative balance protection policy make it a safe and beginner-friendly choice overall.

FAQs on FairMarkets

Is FairMarkets a scam?

FairMarkets scam is highly unlikely as the broker is well-regulated and offers secure policies, coupled with attractive conditions.

What is the FairMarkets minimum deposit?

The minimum deposit is just $1, as the broker does not have minimum deposit requirements.

Is FairMarkets a cheap broker?

Yes, with spreads from 0 pips and commissions from 1 USD, it is one of the most cost-effective brokers out there.