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Fair Forex -

Score

1.50 /10
Danger

Fair Forex

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://fairforexfx.com

Influence

D

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Score

Regulatory Index0.00

Business Index6.90

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Sanction

VU VFSC
2022-10-12
Notice of Revocation of the Financial Dealers License.
Fair Forex
Fair Forex
Fair Forex

Broker Information

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Company Name

Fair Forex Limited

Company Abbreviation

Fair Forex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 700478) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Fair Forex · Company summary

General Information & Regulation

Fair Forex was founded in 2018 and is an online Forex and CFD broker registered in Saint Vincent and the Grenadines. As an offshore registered broker, Fair Forex is not currently subject to any effective regulation.

Market Instruments

Investors can trade popular Forex pairs, indices, commodities, cryptocurrencies, stocks, and CFDs on the Fair Forex platform.

Minimum Deposit

Fair Forex offers investors three different trading accounts: the Standard Account (minimum deposit of $100), the Raw Spread Account (minimum deposit of $100), and the Pro Account (minimum deposit of $10,000).

Fair Forex Leverage

In terms of trading leverage, the maximum leverage level offered by Fair Forex for forex instruments is up to 1:400, which is considered high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The spreads on the Fair Forex Standard account start at 1.0 pips on the Eurodollar with no commissions. The original spread account has a EURUSD spread of 0.2 pips, and Fair Forex charges traders a commission of $6 per lot. For the Pro account, the EURUSD spread is 0.2 pips, and Fair Forex charges the trader a commission of $5 per lot. Such trading conditions are quite attractive compared to most brokers.

Fair Forex Trading Platforms

Surprisingly, Fair Forex offers traders the most advanced MT5 trading platform on the market. MT5 is the latest version of MT4, known for its intuitive and clear trading interface, top-notch charting tools, and support for automated trading via Expert Advisors/EAs. Compared to MT4, MT5 has more technical indicators and time frames, but the performance is not as stable as MT4.

Deposit & Withdrawal

Finally, it is worth noting that Fair Forex supports traders to fund their accounts via wire transfer, credit/debit cards, PayPal, and Bitcoin.

Fair Forex Pros & Cons

Fair Forex Advantages Include:

1. Three accounts Available

2. MT5 trading platform

Fair Forex Disadvantages Include:

1. Unregulated & offshore brokers

2. High deposit requirements for Pro accounts

3. No demo accounts

4. No information on deposit and withdrawal funds

News

NewsWIKIFX REPORT: Fair Forex allows multiple cryptocurrencies trading options

Traders can now open a position for various cryptocurrencies

WikiFX
2022-06-20 16:20
WIKIFX REPORT: Fair Forex allows multiple cryptocurrencies trading options

NewsWIKIFX REPORT: Fair Forex Has Chosen Stefano Ceacmacudis as Its New Chief Executive Officer

Ceacmacudis brings just over thirteen years of financial experience to the role. He previously worked for Synega as its Global Manager.

WikiFX
2022-06-20 16:18
WIKIFX REPORT: Fair Forex Has Chosen Stefano Ceacmacudis as Its New Chief Executive Officer
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袁玉权
more than one year
As an unregulated offshore broker, I do not recommend opening an account with FairForexFX. Their VFSC regulatory license is also suspected to be a clone, which may not only affect your trading experience but also pose greater risk. When choosing a broker, be sure to consider regulation and trustworthiness.
As an unregulated offshore broker, I do not recommend opening an account with FairForexFX. Their VFSC regulatory license is also suspected to be a clone, which may not only affect your trading experience but also pose greater risk. When choosing a broker, be sure to consider regulation and trustworthiness.
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2023-03-27 13:57
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FX1249644062
more than one year
Fair Forex's website is down, so I assume it's a scam company. But fortunately, I haven't seen anyone being cheated so far. I hope everyone can stay vigilant.
Fair Forex's website is down, so I assume it's a scam company. But fortunately, I haven't seen anyone being cheated so far. I hope everyone can stay vigilant.
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2023-02-20 18:56
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