Rating Index

Pros

Low minimum deposit requirement, allowing beginners to start trading with just $1.

Access to popular trading platforms like MetaTrader 4 and MetaTrader 5, which offer advanced trading tools and customization options.

Regulated by reputable authorities such as ASIC and the Mauritius FSC, providing a level of security and trust for traders.

Cons

Lack of transparency regarding withdrawal fees and processing times, which may lead to unexpected costs for traders.

Limited customer support availability, as assistance is only provided on weekdays and there is no live chat option for Australian clients.

Mixed reviews about trade execution speed and slippage, with some traders reporting delays and inconsistencies during volatile market conditions.

FairMarkets broker Accounts

FairMarkets Account Type

FairMarkets offers four different types of trading accounts to cater to various trading styles and preferences:

Standard Fixed Account

Minimum Deposit: $0
Spreads: Starting from 1.8 pips
Commission: No commission
Instruments: Access to 43 currency pairs and all CFDs

Standard Variable Account

Minimum Deposit: $0
Spreads: Starting from 1.2 pips
Commission: No commission
Instruments: Access to 47 currency pairs and all CFDs

VIP Variable Account

Minimum Deposit: $5,000
Spreads: Starting from 0.6 pips
Commission: No commission
Instruments: Access to 47 currency pairs and all CFDs

Raw Zero Account

Minimum Deposit: $0
Spreads: Starting from 0 pips
Commission: $10 per lot
Instruments: Access to 41 currency pairs and all CFDs

All accounts, except for the VIP Variable Account, have no mandatory minimum deposit requirements, allowing traders to start with any amount they consider sufficient.

FairMarkets Broker Account Opening Process

Opening a trading account with FairMarkets is simple and entirely free. Heres the step-by-step process:

Fill Out the Registration Form: Start by completing the quick registration form available on the FairMarkets website.
Finalize Your Application: Finish your application in your secure client area.
Select Account Type: Choose the trading conditions that fit you best by selecting one of the account types mentioned above.
Account Verification: Verify your account or skip this step until you make a withdrawal.
Deposit Funds: Access your trading site and make a deposit using your preferred method.
Start Trading: Youre all set to begin trading immediately!

For more details on the account types and the opening process, you can visit the FairMarkets website.