FAIR MARKETS Forex Broker

FAIR MARKETS Review SummaryFounded2012Registered Country/RegionAustraliaRegulationASIC (Suspicious Clone)Market InstrumentsForex (36 pairs), Commodities (gold, silver, oil), Cryptos, CFDs, Indices, StocksDemo Account✅Leverage (forex)Up to 30:1SpreadFrom 0.6 pips (Standard account)Trading PlatformMetaTrader 4 (MT4), MetaTrader 5 (MT5), Webtrader4, Webtrader5Minimum Deposit0Customer SupportPhone: +61 2 9510 0073Email: support@fair.marketsAddress: Level 26, 1 Bligh St, Sydney NSW 2000FAIR MARKETS Information FAIR MARKETS, which was founded in 2012 and claims to be licensed in Australia, operates under suspicious cloned ASIC license. The broker provides a diverse selection of trading assets, including forex, indices, commodities, equities, and cryptocurrencies, through MT4, MT5, and online platforms, with both Aussie Premium and Standard accounts available, as well as demo accounts for practice.Pros and ConsProsConsOffers both MT4 and MT5 platformsSuspiciously cloned ASIC licenseTight spreads on Aussie Premium accountNo Islamic (swap-free) accountsSupports multiple account typesNo minimum depositNo deposit/withdrawal feesIs FAIR MARKETS Legit? FAIR MARKETS holds a suspicious cloned license. FAIR MARKETS claims to be regulated by Australia Securities & Investment Commission (ASIC), but the official license with the number 000424122 belongs to TRIVE FINANCIAL SERVICES AUSTRALIA PTY LTD, not FAIR MARKET.Regulatory LicenseAustralia Securities & Investment Commission (ASIC)Regulatory Status Suspicious cloneRegulated byAustraliaLicensed InstitutionTRIVE FINANCIAL SERVICES AUSTRALIA PTY LTDLicensed TypeMarket Maker (MM)Licensed Number000424122What Can I Trade on FAIR MARKETS? FairMarkets provides access to a wide range of goods, including forex (36 currency pairs), key global indexes, commodities (such as gold, silver, and oil), stocks, and cryptocurrencies, allowing traders to diversify their portfolios across asset classes. Tradable InstrumentsSupportedForex✓Commodities✓Cryptos✓CFDs✓Indices✓Stocks✓Bonds✗Options✗ETFs✗Account Type FairMarkets offers two types of live trading accounts to fulfill diverse trader needs. Both accounts provide free market data, support algo and EA trading, require no minimum deposit, and have negative balance protection. FairMarkets also provides demo accounts for traders to practice, however there is no clear indication of Islamic (swap-free) account availability.Account TypeMinimum DepositSpreadCommissionSuitable forAussie Premium0From 0.0 pips$1 per sideExperienced or professional traders focused on Australian marketsStandardFrom 0.6 pips0Beginners or casual traders wanting zero-commission tradingLeverage FairMarkets provides leverage in accordance with ASIC regulation limitations, including up to 30:1 for major forex pairs, 20:1 for minor pairs, gold, and major indices, 10:1 for commodities (except gold) and minor indices, 5:1 for stocks, and 2:1 for crypto CFDs. While greater leverage might boost prospective profits, it also raises the danger of loss.Asset ClassMaximum LeverageMajor forex pairs30:1Minor forex pairs20:1GoldMajor indicesCommodities (except gold)10:1Minor indicesStocks2:1Crypto CFDsFAIR MARKETS Fees FAIR MARKETS' total fees are lower than industry standards, with tight spreads on its Aussie Premium account (starting at 0.0 pips + $1 commission) and no-commission trading on its Standard account (spreads beginning at 0.6 pips).Account TypeSpread CommissionAussie PremiumFrom 0.0 pips$1 per side (on select AUD crosses, oil, gold, silver, ASX 200)StandardFrom 0.6 pips0Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 4 (MT4)✔Windows, macOS, iOS, Android, WebBeginnersMetaTrader 5 (MT5)✔Windows, macOS, iOS, Android, WebExperienced tradersWebtrader4✔WebTraders prefer no software download (MT4)Webtrader5✔WebTraders prefer no software download (MT5)Deposit and Withdrawal FAIR MARKETS does not impose any deposit or withdrawal fees. The minimum deposit varies by method, however credit cards often have a modest minimum. Deposit Options Deposit MethodDeposit FeesDeposit TimeCredit Card0InstantBank TransferLonger (depends on bank)E-Wallet (Skrill)Fast (depends on provider) Withdrawal Options Withdrawal MethodWithdrawal FeesWithdrawal TimeCredit Card0Funds returned to the same card used for depositBank TransferSame method as deposit, time depends on bank