Fair Forex Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：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.

　　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