Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FairMarkets Pros & Cons
- 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 Verdict
FairMarkets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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FairMarkets User Reviews
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5-star
0%
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4-star
0%
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3-star
0%
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2-star
75%
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1-star
25%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of FairMarkets have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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
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Is FairMarkets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.5 /10FairMarkets 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
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10FairMarkets offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Tight spread ECN account
- Micro lots are not available
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10FairMarkets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10FairMarkets offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 36 Forex pairs.
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Trading Account Opening
We successfully registered an account with FairMarkets in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FairMarkets is $0.Score:We evaluated Trading Account Opening at FairMarkets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at FairMarkets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10
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FAQs
What regulatory protections and safety measures does FairMarkets provide for traders?
FairMarkets has a safety score of 8.5/10, described as a high security level, and is regulated by the Australian Securities and Investments Commission (ASIC), which is a Tier-1 regulator with stringent consumer protection standards. The broker offers negative balance protection and requires KYC verification, but it has a relatively short track record, having been founded in 2020, and the presence of a specific investor compensation fund is not indicated in this section.
What types of trading accounts are available at FairMarkets and how do they differ?
According to this section, FairMarkets offers Demo, Standard, ECN/Raw spread, and several named real accounts: STANDARD, Aussie Premium, and Pro Account, each with different spreads, minimum deposits, and instrument ranges. For example, the STANDARD and Aussie Premium accounts have no minimum deposit, while the Pro Account requires $5,000, and micro and cent accounts, as well as VIP and swap-free options, are not available according to the information provided.
What do FairMarkets user reviews and feedback indicate about overall client satisfaction?
Based on available user reviews, FairMarkets has a user satisfaction score of 3.5/10 from four reviews, with 75% of ratings at 2 stars and 25% at 1 star. This distribution means the overall tone of user feedback in this section is mostly negative.
How do FairMarkets deposit and withdrawal options and limits work?
FairMarkets supports deposits and withdrawals via bank cards and bank wire transfers, with no deposit fees and a minimum deposit of $0 and minimum withdrawal of $1, though these limits may vary by account type and payment method. The broker does not support PayPal, Wise, or BTC, and the section notes that deposit and withdrawal flexibility is limited, which may lead to higher costs compared with more varied payment setups.
What customer support channels does FairMarkets offer and when are they available?
FairMarkets provides customer support 24/5 via call center phone numbers, email, live chat on the website and in the user account, and a ticket system on a dedicated support page. The section notes that response speed and service quality can vary, managers are not available on weekends, and the broker is not present on social media, so updates and information are obtained through its website and support channels.
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