Fair Markets Basic Information Company Name FairMarkets Trading Pty Ltd Founded 2012 Headquarters Sydney, Australia Regulations ASIC Tradable Assets Forex, Stocks, Futures, Indices, Commodities，Oil Trading， SilverTrading， IndexCFDs Account Types Aussie Premium， Standard Account， Pro Account （Australian Clients）Standard Fixed, Standard Variable, VIP Variable, Zero Raw (International Clients) Minimum Deposit No minimum deposit ( for most accounts) Maximum Leverage 1:500 for professional clients, 1:30 for retail clients Deposit & Withdrawal CreditCard, Bank Transfer, E-Wallet, Trading Platforms MetaTrader 4, MetaTrader 5, WebTrader 4,WebTrader 5 Customer Support 5/24 customer support, phone, email, Whatsapp, Social medias Education Resources Webinars, Blog Bonus Offerings None General Information Fair Markets is an Australian-based forex and CFD broker that offers trading across a variety of markets including commodities, indices and cryptocurrencies. They are a regulated trading broker allowing clients to get access to the popular trading platforms like MT4 and MT5. Fair Markets offers a variety of trading accounts for both international and Australian clients. For international clients, there are four types of trading accounts available: Standard Fixed (no deposit requirements), Standard Variable (no deposit requirements), VIP Variable (min. deposit of $5000), Zero Raw (no deposit requirements). For Australian clients, there are three types of trading accounts available: Aussie Premium, Standard and Pro Account. The maximum leverage offered by FairMarkets is up to1:400, which means that for every dollar you deposit, you can trade up to $400 in the market. It is important to note that while leverage can increase your potential profits, it can also increase your potential losses. Therefore, it is important to use leverage wisely and manage your risk effectively. Fair Markets offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. MT4 is a popular online trading platform that is used to trade forex, CFDs and futures markets. MT5 is the successor to MT4 and has additional features such as more advanced charting tools and more timeframes. Regarding payment methods, FairMarkets accepts bank transfers, credit/debit cards and e-wallets such as Skrill and Neteller. FairMarkets customer representatives are available for help during trading hours, 5/24 available. You can contact them via phone or email. In addition to phone, email and chat support, FairMarkets also provides an FAQ section on their website. This section contains answers to frequently asked questions about trading with FairMarkets. You can access the FAQ section by visiting their website and clicking on the “FAQ” link at the bottom of the page. Is Fair Markets legit or a scam？ Fair Markets is a legitimate forex and CFD broker that is operated by Trading Pty Ltd., an Australian firm that is registered and regulated by the Australian Securities and Investments Commission (ASIC). ASIC is Australias corporate, markets and financial services regulator. ASICs role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC also ensures that financial markets are fair and transparent. This means that Fair Markets is held to high standards of transparency and accountability. Fair Markets holds a license of Market Making (MM) under license number 424122. Market making is a trading strategy that involves providing liquidity to financial markets by buying and selling securities at quoted prices. In addition to its regulatory compliance, FairMarkets also offers a range of trading tools and resources to help traders make informed decisions. These include educational materials, market analysis, and trading signals. Pros and Cons Fair Markets, as a prominent brokerage firm, certainly brings a plethora of benefits to the table, alongside some areas of potential improvement. One of the most reassuring aspects about this broker is the stringent regulatory oversight it falls under. It is governed by the Australian Securities and Investments Commission (ASIC), a top-tier regulatory body known for its stringent standards and protective measures. In terms of trading platforms, Fair Markets stands out by offering its clients access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Another commendable feature of FairMarkets is its flexibility when it comes to account types. It caters to a wide range of traders, from novices to professionals, by offering multiple trading accounts. Moreover, some of these accounts don't require a minimum deposit, allowing traders to step into the trading world with reduced financial constraints. However, despite these advantages, FairMarkets does have room for improvement in certain aspects. One such area is the range of trading products it offers. The broker's portfolio of financial instruments is somewhat limited compared to industry peers. Additionally, the absence of social trading features is another drawback. Finally, the lack of 24/7 customer support is a limitation, especially for traders who operate in different time zones or those who prefer trading during off-market hours. Pros Cons Regulated by ASIC Limited product portfolio compared to other brokers Access to both MT4 and MT5 No social trading features Various trading accounts for clients from different regions No 7/24 customer support available No minimum deposit requirements for some trading accounts No online chat supported Limited Educational Resources No demo accounts available Islamic accounts available for $10,000 account balance or above Additional commissions charged for some trading accounts Market Instruments While Fair Markets does offer a selection of financial instruments, the scope and diversity may not meet the needs of all traders, which mainly cover forex, indices, stocks, Commodities. Forex: Forex trading is available, which means participants can engage in currency exchanges; however, this market is known for its high volatility and risk, which might not be suitable for all, especially those who are risk-averse or inexperienced. Stock CFDs: FairMarkets offers a wide selection of stock CFDs from the UK, US, and European companies. Indices:Trade CFDs on the most popular indices such as S&P 500, DAX30, and Dow Jones. We are offering you the chance to trade leading companies' stocks as a group. You can deal with US 30, UK 100, S&P 500, DAX 40, FRA 40, JPN 225, HK50, and NASDAQ 100 besides ASX 200 shares. Commodities: Finally, FairMarkets includes Commodities in its offering. While commodities can serve as a hedge against inflation and a way to diversify a portfolio, they can also be highly volatile and influenced by hard-to-predict factors such as weather conditions, geopolitical tensions, and changes in supply and demand. Account Types It seems that Fair Markets understands the diverse needs of its clients and thus offers a wide array of account types tailored to suit traders of varying experience levels and trading objectives, both for international and Australian clients. International clients have the option to choose from four different account types, each with its own unique features and benefits. The Standard Fixed account, as the name suggests, offers fixed spreads and has no deposit requirements, making it an attractive option for traders who prefer to know their trading costs upfront. Similarly, the Standard Variable account also doesn't require any initial deposit, but it offers variable spreads that can widen or narrow depending on market conditions. These two accounts cater to beginners and those who prefer not to commit a significant amount of capital upfront. For more experienced traders or those with a larger capital, the VIP Variable account could be a more suitable choice. This account requires a minimum deposit of $5000, and in exchange, clients can enjoy more competitive spreads. Additionally, it may come with other benefits such as a dedicated account manager and priority customer service. The Zero Raw account is also available for traders preferring near-zero spreads. This account type typically charges a commission per trade but offers the benefit of trading with raw spreads that can be as low as zero during certain market conditions. For Australian clients, Fair Markets has designed three distinct account types. The Aussie Premium, Standard, and Pro Accounts. While the specifics of these accounts may differ, they are likely designed to comply with Australian financial regulations and to cater to the particular needs of Australian traders. Fair Markets Leverage When it comes to the provision of trading leverage, Fair Markets manifests a clear understanding of its diverse client base and tailors its offerings accordingly. The firm provides different leverage ratios for its Australian and international clients, factoring in the unique regulatory environments and risk considerations pertinent to each group. For its Australian clientele, Fair Markets offers a maximum trading leverage of up to 1:400. This relatively high leverage ratio allows traders to control larger positions with a relatively small amount of invested capital. On the international front, Fair Markets provides a differentiated leverage approach for retail and professional clients. Professional clients can access a leverage ratio of up to 1:500 for major forex pairs. Conversely, for retail clients, the firm applies a more protective leverage limit of up to 1:30 for major forex pairs. This is in line with the leverage restrictions imposed by several regulatory bodies worldwide to protect retail traders from excessive risks associated with high leverage. How to open an account ？ The process of opening an account with Fair Markets is a streamlined and uncomplicated endeavor, which aims to provide a smooth onboarding experience for traders. 1. First, you need to visit the broker's website and click on the 'Open Account' button. 2. Then, you will then be directed to a page where you need to fill out a registration form with your personal information, including your full name, email address, phone number. You will also need to create a unique username and password. 3. Once you have submitted your registration form, you will be prompted to verify your email address by clicking on a verification link that will be sent to your inbox. After verifying your email, you can then proceed to complete the verification process by providing additional information, such as your ID and proof of address. 4. To trade Forex and other CFDs, you need to deposit a certain amount of investment as a margin. You can deposit the amount you want to trade into your FairMarkets account balance easily via several methods. 5. After funding your account, you can then start trading by logging into the FairMarkets trading platform with your account credentials. If you are new to trading, it is recommended that you first practice on the demo account to get a feel of how the platform works before risking your real money. Spreads & Commissions Fair Markets tailors its fee structure according to the account type held by a trader. For international clients, you have several options. The Standard Fixed, Standard Variable, and VIP Variable accounts all offer trading with no commission. However, the spreads, vary for each account. The Standard Fixed account has spreads starting at 1.8 pips. If you opt for the Standard Variable account, you'll see spreads starting from 1.2 pips, while the VIP Variable account offers even lower spreads starting from 0.6 pips. For those who choose the Raw Zero account, the trading environment is a bit different. This account provides very competitive spreads that can go as low as 0.0 pips. However, unlike the other accounts, there is a commission fee of $10 per lot for this account. For Australian clients, Aussie Premium spreads start from 0.0, and standard spreads start from 0.6 pip. Although Aussie Premium charges a $1 commission with spreads starting from 0.0 pips. Aussie Premium accounts offers spreads starting from 0.0, only $1commision per side, but zero commission on FX pairs of AUD crosses, Brent and WTI, gold and silver, and the ASX 200 index. Standard accounts also offer spreads starting from 0.6 and no commission. Trading Platform Fair Markets caters to the diverse needs of its clients by providing them access to two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms, developed by MetaQuotes Software, are recognized for their robust functionality, user-friendly interfaces, and comprehensive suite of tools and features. Traders using FairMarkets have the flexibility to choose between MT4, with its established reputation and wide acceptance among forex traders, and MT5, which offers extended features such as additional time frames, more types of orders, economic calendar integration, and a larger number of technical indicators. Both platforms support automated trading through the use of Expert Advisors (EAs) and allow comprehensive charting and analysis, making them suitable for both novice and experienced traders alike. Moreover, both MT4 and MT5 are available in various versions, including desktop applications for Windows and Mac, web-based platforms accessible from any browser, and mobile apps for iOS and Android devices. This multi-platform support enables traders with FairMarkets to monitor the markets, conduct technical analysis, and execute trades anytime and from anywhere, thereby offering significant flexibility and convenience. Trading Tools Fair Markets provides access not only to the highly popular MT4 and MT5 trading platforms, but also to a suite of additional trading tools. These tools, integrated alongside the primary trading platforms, can greatly assist traders in their market analysis, strategy development, and order execution. An essential tool offered by Fair Markets is the MT4 and MT5 Booster, designed to amplify the features of these already robust platforms. The Booster pack comprises a range of utilities, from advanced trade execution and management tools to sophisticated charting and analysis features. It can provide significant advantages to traders, enabling more precise control over trades and a deeper understanding of market trends and patterns. Another notable tool provided by Fair Markets is Trading Central, a globally recognized financial research provider that delivers comprehensive market insights and analysis. With Trading Central, traders gain access to expert market commentary, advanced technical analysis, and actionable trade ideas. Additionally, Fair Markets offers a Virtual Private Server (VPS) service to its clients. A VPS can be particularly beneficial for traders who use automated trading strategies or Expert Advisors, as it ensures uninterrupted operation, even if the trader's own computer is switched off or experiencing connectivity issues. Furthermore, FairMarkets equips traders with an Economic Calendar, a crucial tool for any trader who wants to keep a pulse on significant market events, announcements, and economic indicators that might impact the markets. Deposits & Withdrawals Fair Markets provides several methods for account funding, although it's worth noting these may not cover all possible preferences and could have their own limitations. Credit cards and bank transfers are accepted by FairMarkets. Credit card payments can be convenient due to their instant transfer capability. However, not all cards may be accepted, and there could be additional charges applied by the credit card company. Bank transfers, on the other hand, are typically slower than other methods and could take several days to process, which might delay trading activities. FairMarkets accepts payments through e-wallet payment such as Skrill and Neteller. While these platforms can offer fast transaction times and easy online access, they might also have transaction limits and fees. Additionally, accessibility to these platforms can vary in different regions, which might limit their use for some clients. Any questions or needs, the clients could email at support@fair.markets , or make call at +61 2 8607 8364 between 06:00 and 15:00 GMT Monday through Friday. If the clients have a problem with compliance, send us an email at compliance@fair.markets. It is also necessary for clients leave massages on the website of Contact Us | Trading Support | FairMarkets through messages or whatsapp real timely. Educational Resources Fair Markets provides a selection of basic educational resources tailored to equip both new and experienced traders with essential trading knowledge and skills. One of these resources is market analysis, a crucial tool for traders seeking to understand the current state of the markets and potential future trends. Besides, FairMarkets also provides a glossary. This resource demystifies complex trading terminology, offering clear definitions and explanations of common trading terms and phrases. Webinars: The broker hosts webinars featuring expert traders, covering a wide range of topics and providing clients with the opportunity to ask questions and interact with other traders. Webinar (fair.markets) Blogs: The broker offers a range of topics such as trading technical analysis, and trading strategies. FairMarkets Australia Blog Conclusion Fair Markets, a regulated broker, provides a well-rounded trading environment that caters to both beginners and experienced traders. The brokerage offers several account types, which gives traders the flexibility to choose an account that best suits their trading preferences and financial circumstances. They also offer access to the globally recognized MT4 and MT5 platforms, known for their user-friendly interfaces and comprehensive analytical tools, catering to various trading strategies. An additional advantage of FairMarkets is the array of supplementary trading tools they provide, including MT4 and MT5 Booster, Trading Central, and VPS, all designed to enhance trading efficiency. Moreover, their educational resources, including webinars, blogs, and market analysis, are beneficial to traders wishing to continuously develop their trading knowledge. However, Fair Markets does have areas where it might not fully meet some traders' expectations. While they offer a variety of payment methods, the specific fees and processing times associated with these might vary, and not all methods may be available or convenient for all traders. Plus, although they offer several educational resources, these are relatively basic and may not satisfy traders looking for more advanced or comprehensive learning materials. FAQs Q: Is Fair Markets a regulated broker？ A: Yes, it is a company registered and regulated in Australia by ASIC (Australian Securities and Investments Commission) and holding AFS license number 424122 ACN 159166739. Q: What trading instruments are available at Fair Markets？ A: It offers our clients Forex, Index CFDs, Commodities, and Precious Metals, all with low spreads and multiple account types to choose from based on your needs. Q: Does Fair Markets offer a demo account？ A: Yes, it offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds. Q: What payment methods does Fair Markets accept？ A: It accepts a wide range of payment methods, including bank transfers, credit cards, and e-wallets. Q: What trading platforms does Fair Markets offer？ A: It offers several trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader 4, WebTrader 5. Q: Does Fair Markets offer educational resources for traders？ A: Yes, it offers a range of educational resources for traders, including webinars, and blogs.