Fair Forex is an ECN broker that lets you trade currency pairs and CFDs across various asset classes.
The firm employs the A Book execution mechanism, which eliminates requotes and ensures that transactions are completed at the best possible price.
Clients of Fair Fx can trade independently and earn passive money through the MAM system, a trade replicating service that also uses robot advisers. Learn more about Fair Forex and review it by looking at this thread.
Fair FX is an ECN broker, which means it offers its clients 100 percent private trading with no manipulation or limitations.
The broker brand is owned and maintained by an SVG-based business known as Fair Forex Limited.
Saint Vincent and the Grenadines is a well-known offshore jurisdiction and a popular spot for nefarious dealings.
Readers should be aware that the government of SVG has already stated publicly that it does not control Forex trading.
Therefore, we can reasonably assume that not only is the brokerage unregulated.
Furthermore, dealing through an unregulated, offshore brokerage entails significant risk.
Forex trading software that is trustworthy
Putting that aside, the brokerage offers the MetaTrader45 interface, which is now the most popular online trading platform.
There is no option for prospective traders to open a demo account, which is a drawback.
We have long believed with Fair Fx that a test drive of the trading terminal is:
The most transparent means of familiarizing yourself with the broker’s trading circumstances.
It is a requirement for any brokerage seeking respectability.
According to the website, the EUR/USD spread is purportedly one pip, significantly lower than the industry norm.
Fees and deposit/withdrawal procedures that are fair
Fair Forex accepts Visa and MasterCard and Bitcoin and PayPal.
However, significant e-wallets such as Skrill and Neteller are not supported.
We couldn’t locate any worrisome stipulations in the brokerage’s terms and conditions.
Still, we did see that the bonus promotion is subject to a strict trading criterion to be withdrawn.
This is why we remind readers of all the methods a trader might test the intentions of a brokerage.
Traders should always make the minimal minimum deposit rather than risking a more significant sum with no guarantees.
Is This Safe? – Why Is Broker Regulation Important?
As previously said, a broker’s trading license is one of the most important factors to consider.
As a result, we’ve chosen to see if and by whom Fair Fx is regulated.
Because the company’s legal owner is Fair Forex Limited of Saint Vincent and the Grenadines.
It’s safe to assume it’s unregulated.
The FSA, an authority body in this offshore country.
Registers financial enterprises and advises them to choose regulations in the land of service.
The corporation also has a subsidiary in Vanuatu, another offshore jurisdiction.
In conclusion, the organization provides a large and diverse liquidity pool from various sources, including banks and other brokerage firms. You may trade cryptocurrencies 24 hours, seven days a week with Fair Forex. Over 1,000 traders have signed up for the broker’s quarterly newsletter.