According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- WebTrader
- FSC
- ASIC
- 2020
Our Evaluation of FairMarkets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FairMarkets is a moderate-risk broker with the TU Overall Score of 5.21 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FairMarkets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FairMarkets represents a typical broker specializing in currency pairs and CFDs. Its main advantages include a choice of several accounts, no minimum deposit requirements on most accounts, narrow spreads, and either no commissions or commissions on par with market averages. The leverage is sufficient but slightly lower than that of most competitors. Its main drawback is a lack of transparency. This broker offers minimal alternative earning options, with only a partnership program available. This company is officially registered and licensed by FSC (Mauritius Financial Services Commission) and ASIC (Australian Securities and Investments Commission), making it recommendable for consideration.
Brief Look at FairMarkets
FairMarkets is a Forex and CFD broker. Contracts for Difference (CFDs) are offered on stocks, indices, commodities, and cryptocurrencies. They provide a free Demo account and four real accounts. Spreads are floating, starting from 0 pips, and it's possible to open an account with raw spreads. There is only a commission on the RAW ZERO account, which amounts to $10 per lot. The leverage is flexible, up to 1:400. This company’s clients use MetaTrader 4, MetaTrader 5, and WebTrader trading platforms. There is no minimum deposit requirement for three out of four account types, and a minimum deposit of at least $5,000 is needed for the VIP VARIABLE account. Swaps are excluded if the trader's account balance is $10,000 or more. This broker offers a partnership program for individuals and legal entities. A 100% deposit bonus and rewards are based on trading volume points. The platform offers numerous fundamental and technical analysis tools, a newsfeed, and calculators. Interactive education, a trader's glossary, and a FAQs section are also available.
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- This broker's pool comprises 47 currency pairs and several dozen CFDs from different groups.
- Low entry barrier - most accounts have a low entry barrier starting at no minimum deposit, and the Demo account is free.
- The four real accounts offer different trading styles and methods.
- Trading costs are minimal because of narrow spreads and trading commissions attached only to one of the four accounts.
- High-profit potential is possible because this broker does not impose restrictions and allows trading with significant leverage.
- Additional earnings opportunities are presented via a standard referral program and an IB partnership for corporate clients.
- Client support operates 24/5, and the managers are proficient in 9 languages.
- This broker does not provide typical passive income options, such as joint accounts and copy trading.
- Client support is available even at night but only on weekdays, with no assistance on weekends.
- In some aspects, this broker lacks transparency; for instance, commission data for withdrawals is unavailable on their website.
TU Expert Advice
Author, Financial Expert at Traders Union
FairMarkets provides Forex and CFD trading services, offering 47 currency pairs and several dozen CFDs on stocks, indices, commodities, and cryptocurrencies. The broker features MT4, MT5, and WebTrader platforms with flexible leverage up to 1:400. Clients can choose from multiple account types, including STANDARD FIXED and RAW ZERO, with low trading costs. Most accounts require no minimum deposit, allowing for accessible entry. Trading advantages include tight spreads, a variety of analytical tools, and a 100% deposit bonus.
However, FairMarkets has drawbacks, such as limited transparency and the lack of passive income options like copy trading. Additionally, non-transparent withdrawal fees and unavailable support on weekends may affect usability for some traders. While beginners and intermediate traders could benefit from the flexible account options and educational resources, those who prioritize transparency and passive income opportunities may want to explore other options.
FairMarkets Trading Conditions
| 💻 Trading platform: | МТ4, MT5, WebTrader |
|---|---|
| 📊 Accounts: | DEMO, STANDARD FIXED, STANDARD VARIABLE, VIP VARIABLE, RAW ZERO |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Deposit / Withdrawal: | Bank transfers, Visa and Mastercard, Skrill and Neteller e-transfer systems |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Free Demo, there is no minimum deposit and trading commissions for most real accounts, narrow spreads, three trading platforms to choose from, interactive training, and many tools for analysis |
| 🎁 Contests and bonuses: | Yes |
For most brokers that offer multiple real accounts, the minimum deposit varies for each of them. FairMarkets' clients can open these account types: STANDARD FIXED, STANDARD VARIABLE, VIP VARIABLE, and RAW ZERO. All accounts, except VIP VARIABLE, do not have a mandatory deposit. This means traders can deposit any amount they consider sufficient to start active trading. To open a VIP VARIABLE account, a minimum of $5,000 is required. Leverage does not depend on the chosen account as it is determined by the asset only. The highest trading leverage for currency pairs is 1:400. Traders have the option to adjust the leverage size to what suits them best or trade without leverage. Technical support can be reached via phone, email, live chat, and support tickets on the website. The support operates 24/5, but only on weekdays.
FairMarkets Key Parameters Evaluation
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Trading Account Opening
To begin cooperation with this broker, you need to register, then verify your personal information (go through verification), open a real account, deposit funds, and download the trading platform software. After installing the platform, the trader launches it, enters the registration data, and gains access to the financial markets. Experts at TU have prepared the below step-by-step guide on registration and the features of the FairMarkets user account.
Go to this broker's website. In the top right corner, choose the language of the interface. Click the "Open Account" button.
Choose an honorific. Enter your first name, last name, and country of residence. Provide your phone number and email address and create a password, and indicate whether you are a resident of the U.S. Agree to the terms of cooperation by checking the box. Click "Confirm."
You can choose between a Demo or a real account. In this example, select a real account.
Enter your date and place of birth. Specify your residential address with the postal code. Select your residency and nationality. Indicate the document you can use to confirm your identity and enter its number. Click "Next".
Answer several questions about your financial capabilities. Click "Next."
Answer several questions about your experience in trading Forex and CFDs. Click "Next".
Read the disclaimer and agree to its terms by checking the box. Click "Confirm".
Choose a trading platform and specify a nickname (optional). Select the account type and base currency. Create a password for the account and enter it twice. Click "Open Account".
Confirm your identity through verification. For each block, choose the document type from the list and upload its scan/photo. Read the comments on the screen carefully. Click "Upload Documents" and wait for the verification to be completed.
Click on the "Funds" button in the left menu. Select "Deposit." Follow the instructions on the screen. You can choose any available deposit method.
Click on the "Platforms" button in the left menu. Choose the suitable option for the trading platform. Download the software to your device and install it. Launch the platform, enter your registration data, and start trading.
Your FairMarkets user account also provides access to:
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Tracking statistics on your accounts and accessing detailed information.
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Open and close accounts (Demo and real), deposit and withdraw funds.
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Make internal transfers and receive standard reports from the transaction archive.
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Use the economic calendar, calculators, and other tools.
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Download the trading platform software for MetaTrader 4, MetaTrader 5, or WebTrader.
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Partner with this broker and track referral statistics.
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Participate in the "Learn and Earn" quiz, which is regularly updated.
Regulation and safety
FairMarkets has a safety score of 8.5/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
FairMarkets Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
FairMarkets Security Factors
| Foundation date | 2020 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FairMarkets have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FairMarkets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FairMarkets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FairMarkets Standard spreads
| FairMarkets | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,5 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,7 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FairMarkets RAW/ECN spreads
| FairMarkets | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,50 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,20 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FairMarkets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FairMarkets Non-Trading Fees
| FairMarkets | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
After reviewing this broker's general conditions and finding them suitable, the trader selects an account. FairMarkets offers four real account types, each with different conditions and purposes. STANDARD FIXED has the highest spread, no commission, and access to a large portion of this broker's asset pool. It is a universal account for beginners. STANDARD VARIABLE features reduced spreads, no commission, and standard leverage of up to 1:400. It is suitable for most active traders. VIP VARIABLE is a professional account. This is the only account with a minimum deposit requirement. It offers fairly low spreads and no commissions, with access to 47 currency pairs and all CFDs. RAW ZERO, on the other hand, offers a raw spread, making it the lowest, but it has a commission of $10 per lot. Thus, traders should orient themselves based on their trading preferences and available capital.
Account types:
FairMarkets is an ECN broker, that provides the highest order execution speed without delays. The service level is the same for all accounts, even the Demo account provides all the platform's capabilities. The difference is that the Demo account works with virtual currency but with real quotes.
Deposit and withdrawal
FairMarkets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FairMarkets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- No withdrawal fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- PayPal not supported
- BTC payments not accepted
- Wise not supported
What are FairMarkets deposit and withdrawal options?
FairMarkets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
FairMarkets Deposit and Withdrawal Methods vs Competitors
| FairMarkets | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are FairMarkets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FairMarkets supports the following base account currencies:
What are FairMarkets's minimum deposit and withdrawal amounts?
The minimum deposit on FairMarkets is $0, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FairMarkets’s support team.
Markets and tradable assets
FairMarkets offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 36 Forex pairs.
- 500 assets for trading
- Copy trading platform
- Crypto trading
- Bonds not available
- Small selection of currency pairs
Supported markets vs top competitors
We have compared the range of assets and markets supported by FairMarkets with its competitors, making it easier for you to find the perfect fit.
| FairMarkets | Plus500 | Pepperstone | |
| Currency pairs | 36 | 60 | 90 |
| Total tradable assets | 500 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products FairMarkets offers for beginner traders and investors who prefer not to engage in active trading.
| FairMarkets | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
A trader may miss certain information or not understand something. For example, what are the options for depositing funds? Does this broker charge a fee for deposits? Is the trader obligated to set a stop-loss? Why was a trade forcibly closed, or why was a withdrawal request not processed? In any unclear situation, it is essential to contact competent client support. At FairMarkets, client support is provided through a call center, email, and live chat, available on the website and in the user account. Additionally, users can create a ticket on a separate page. All channels of support work promptly. Client support is available 24/5, meaning it operates on weekdays but not on weekends.
Pros
- There are several channels of communication
- Even unregistered users can contact support
- Works 24/5
- Support communicates in nine languages
Cons
- Managers are unavailable on weekends
Whether you are already working with FairMarkets or planning to become its client, whenever you have relevant questions or encounter a dispute, feel free to contact technical support using the following contact methods:
First phone number.
Second phone number.
Email.
Live chat on the website and in the user account.
Submit a ticket on the support page.
This broker is not present on social media platforms. Therefore, traders can only get the latest news, such as current promotions, from this company's website, as provided below.
Contacts
| Foundation date | 2020 |
|---|---|
| Registration address | The Cyberati Lounge, Ground Floor, Silicon Avenue 40, Cybercity, 72201 Ebene, Republic of Mauritius |
| Regulation | FSC, ASIC |
| Official site | https://www.fair.markets/ |
| Contacts |
+44 14 6094 4002, +230 460 8533
|
Education
Brokers understand the importance of knowledge for traders, especially those who are just starting to trade. That's why many of them offer educational programs to their clients. FairMarkets has also taken care of providing educational resources. They offer thematic video guides, a filtered article database, and electronic books. In addition, this broker regularly conducts quizzes in which every trader can participate. If a platform's client answers most of the questions correctly, they receive a monetary bonus. This is an excellent motivation for beginners to master the basics and advanced levels, and even experienced traders can benefit from revisiting the fundamentals, especially if they get paid for it.
FairMarkets' educational system is presented in various formats. This is a very good approach because some people prefer reading, while others prefer watching and listening. The fact that there is almost no information for experienced traders is not unique. The vast majority of brokers focus on educating beginners, and this is a normal practice.
Comparison of FairMarkets with other Brokers
| FairMarkets | Eightcap | XM Group | RoboForex | Exness | Pocket Option | |
| Trading platform |
MT4, MT5, WebTrader | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | Pocket Option, MT5, MT4 |
| Min deposit | $5000 | $100 | $5 | $10 | $10 | $5 |
| Leverage |
From 1:1 to 1:400 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 1.2 point |
| Level of margin call / stop out |
100% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | 60% / No | 30% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed review of FairMarkets
Since this broker has been in the market for 15 years, there is a well-established opinion about it. Although FairMarkets may lag behind its competitors in some aspects, it offers services at a modern level without obvious drawbacks. The order execution is market-based, and no technical issues have been reported. This broker uses virtual servers and microservices architecture, which is a cutting-edge standard. FairMarkets does not stand still, they regularly update their stocks and expand their pool of assets. The infrastructure is well-established for its existing functions. For example, partners have a separate portal for their user accounts. Any disputes can be easily resolved through technical support, which meets the requirements for responsiveness and competence.
FairMarkets by the numbers:
There are 4 real accounts (plus a Demo).
Floating spreads starting from 0 pips.
The trading commission is either $0 or $10 per lot.
There are 3 trading platforms available.
There is a 100% welcome bonus on the first deposit.
FairMarkets is a comfortable broker for active trading
The comfort of the trader's work is ensured by several means. First, it's the trading platforms, which are MT4, MT5, and WebTrader. MT trading platforms are superbly customizable through plugins. Since they have mobile versions, the trader is not limited in terms of location and can trade from a smartphone almost anywhere. Second, the pool of assets has conceptual importance. The more assets available, the broader the trader's possibilities and the easier it is for him to diversify trading risks. FairMarkets offers 47 currency pairs and dozens of contracts for price difference (CFDs), represented in the following asset groups: stocks, indices, commodities, and cryptocurrencies. These instruments are more than enough to satisfy the trading needs of this company's clients. Moreover, this broker does not impose any restrictions, so traders can trade the news, scalp, hedge, and use advisors.
FairMarkets’ analytical services:
Trading Central. This tool is an analytical portal where the current market situation is assessed using machine algorithms and expert inputs.
Economic calendar. A typical service is provided in the form of a table displaying major economic and political events that can affect asset quotes. Quotes are shown in dynamics with forecasts.
Learn and Earn. This broker offers good training that can interest not only beginner users. Registered traders can participate in quizzes to test their knowledge, with winners receiving $100.
Advantages:
This company has been in the market for a long time, its activities are regulated by two regulators, making it a trustworthy and reliable broker.
Clients can start with a free Demo, and most real accounts do not have minimum deposit requirements.
A significant number of diverse assets are complemented by moderate leverage.
This broker offers good training, which is structured in various formats.
The website presents numerous special tools for technical and fundamental analyses.
Each trader can request a virtual private server (VPS). The service is paid, but if the balance is above $2,000 and the trader trades over 10 lots per month, it is provided for free. The delay is no more than 1 ms.
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