FairMarkets Commissions and Fees Overview



We, at Traders Union, conducted a thorough analysis of FairMarkets's fees, resulting in a 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 criteria of 8 /10. This corresponds to a Low level. Here are some of the most relevant indicators of FairMarkets’s fee structure:
FairMarkets fees overview:
Standard account EUR/USD spread, min pips | 0,5 |
Standard account EUR/USD spread, max pips | 1,2 |
Avg. ECN spread EUR/USD | 0,10 |
ECN commission ($, per lot) | 3,50 |
Withdrawal fee, % | 0 |
Inactivity fee ($, per month) | 0 |
FairMarkets Forex spreads and commissions
To assess the cost-effectiveness of FairMarkets, we analyzed its spreads across the most popular account types. These were compared with the top two competitors that have high overall ratings and accept clients in your region.
FairMarkets Standard account spread
Standard accounts at FairMarkets offer floating spreads with a broker markup. They typically have higher spreads than ECN or RAW accounts but do not charge additional commissions per lot, ensuring a straightforward cost structure.
FairMarkets | Plus500 | Pepperstone | |
---|---|---|---|
Floating spread EUR/USD, min pips The cost of 1 pip in USD for EUR/USD is $10. | 0,5 | 0,5 | 0,5 |
Floating spread EUR/USD, max pips | 1,2 | 0,9 | 1,5 |
Floating spread GBP/USD, min pips | 0,7 | 0,5 | 0,4 |
Floating spread GBP/USD, max pips | 1,2 | 0,9 | 1,5 |
FairMarkets ECN/Raw account spread and commission
ECN/RAW accounts at FairMarkets feature market-determined spreads without a markup. Despite a commission per lot, they are often more cost-effective for high-volume trading.
FairMarkets | Plus500 | Pepperstone |
Industry average Based on the evaluation of over 200 forex brokers |
|
---|---|---|---|---|
ECN Commission per lot, $ |
3,50 | 3 | 3,5 | |
ECN Spread EUR/USD | 0,10 | 0,1 | 0,17 pips | |
ECN Spread GBP/USD | 0,20 | 0,15 | 0,21 pips |
What is FairMarkets’s average EUR/USD spread?
The average spread on FairMarkets varies depending on the type of account you choose and the current level of market volatility. For example, the typical spread for EUR/USD is around 0,10 pips on an ECN or RAW account, which usually comes with a commission, while on a standard commission-free account, the spread tends to be higher—about 0,9 pips.
FairMarkets non-trading fees
We conducted an analysis of FairMarkets’s non-trading fees to provide a detailed overview of the additional costs that may affect traders outside their regular trading activities.
FairMarkets Non-Trading Fees
FairMarkets | Plus500 | Pepperstone | |
---|---|---|---|
Deposit fee, % The indicated amount excludes potential fees charged by payment systems and banks. |
No
|
No
|
No
|
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. |
No
|
No
|
No
|
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. |
No
|
No
|
No
|
Inactivity fee ($, per month) |
No
|
10 |
No
|
What is the cost of executing one Forex lot with FairMarkets?
The cost of executing 1 standard lot (100,000 units) with FairMarkets depends on the account type and market volatility, which can vary significantly throughout the day. On ECN/RAW accounts, traders pay the market spread plus a fixed commission, while on Standard accounts, spreads may fluctuate more, but no commission is charged. We calculated the approximate execution cost for 1 lot during peak market hours.
Spread cost in USD | Commission ($ per lot) | Total cost in USD | |
---|---|---|---|
ECN/Raw account | 1 | 3.5 | 4.5 |
Standard account | 8.5 | 0 | 8.5 |
Understanding Forex trading costs
When evaluating a Forex broker, it is essential to consider several factors that can directly impact the overall cost of executing trades, beyond just the average spread. Here are some key considerations:
Liquidity and daily turnover
Higher liquidity and larger daily turnover generally lead to tighter spreads and reduced slippage.
Top 3 Forex brokers by trading turnover
Broker | Daily turnover ($, billion) |
---|---|
IC Markets | 29 |
Saxo Bank | 20,01 |
StoneX | 18,6 |
Order Execution Speed
Faster order execution can reduce slippage, helping to ensure that trades are completed at the expected prices. Execution speed is typically highest on ECN accounts.
FairMarkets supports ECN trading execution, which typically offers the fastest speeds, tighter spreads, and direct access to liquidity providers
Free VPS
A free VPS provides a stable, high-speed connection, which can reduce latency and slippage, especially for automated trading systems and high-frequency trading. This helps ensure consistent performance and potentially lower execution costs.
FairMarkets provides traders with free VPS hosting to ensure stable and low-latency execution.
FairMarkets extra services for active traders vs competitors
The table below compares the extra services offered by FairMarkets for active traders with those of its competitors. These features can enhance trading efficiency and strategy implementation. The comparison showcases how FairMarkets stands out in meeting the needs of active traders through its advanced tools, such as API and TradingView integration, and convenient options like one-click trading and support for scalping.
FairMarkets services for active traders
FairMarkets | Plus500 | Pepperstone | |
---|---|---|---|
API |
Yes
|
No
|
Yes
|
Signals (alerts) |
Yes
|
Yes
|
Yes
|
TradingView integration |
No
|
Yes
|
Yes
|
Trading bots (EAs) |
Yes
|
Yes
|
Yes
|
Scalping |
No
|
Yes
|
Yes
|
One click trading |
Yes
|
Yes
|
Yes
|
Minimizing trading costs: Expert tips
Choosing the right Forex broker is crucial for minimizing costs and boosting profitability. Below are expert insights from our recent fee analysis to help you make informed choices and maximize your trading returns.
When trading with FairMarkets, exploring copy trading options could potentially help optimize your fee structure in several ways.
First, by following experienced traders, you might reduce the number of trades you personally execute, potentially lowering your overall transaction costs with FairMarkets. Successful copy traders often have more efficient strategies, which could mean fewer trades and lower cumulative spreads or commissions.
Additionally, if you’re new to Forex, copy trading through FairMarkets or its partners could help you avoid costly mistakes that often plague beginners, indirectly saving on fees lost to poor trades. Some copy trading systems also offer the ability to automatically adjust position sizes, which could help you manage risk and potentially reduce losses due to overtrading.
Of course, copy services sometimes have their own performance fees or subscriptions. However, consider how following experienced traders could improve your results and require less hands-on trading. In that case, it may offset any extra copy costs compared to what you're currently paying FairMarkets directly.
Start small to test whether copy trading truly optimizes your specific situation before fully committing.
FairMarkets and competitors' added value trading services
FairMarkets | Plus500 | Pepperstone | |
---|---|---|---|
Copy trading |
Yes
|
No
|
Yes
|
Strategy (EA) builder |
No
|
No
|
Yes
|
Signals (alerts) |
Yes
|
Yes
|
Yes
|