Fair Markets 2025 Review: Everything You Need to Know
Summary: Fair Markets is a forex and CFD broker that offers a range of trading instruments, including forex pairs, commodities, and cryptocurrencies. While it provides a user-friendly experience with popular trading platforms like MT4 and MT5, concerns about regulatory oversight and mixed user reviews highlight the need for caution.
Note: It is important to consider the different entities operating under Fair Markets in various jurisdictions, as this can affect user experience and regulatory protection.
Ratings Overview
How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and a comprehensive analysis of the broker's features and services.
Broker Overview
Founded in 2021, Fair Markets is a forex and CFD broker that operates under two primary entities: Fair Markets Trading Pty Ltd, regulated by the Australian Securities and Investments Commission (ASIC), and Fair Markets International Ltd, regulated by the Mauritius Financial Services Commission (FSC). The broker offers trading through the widely-used MetaTrader 4 and MetaTrader 5 platforms, providing access to over 500 trading instruments, including currency pairs, commodities, stocks, indices, and cryptocurrencies.
Detailed Breakdown
Regulatory Regions
Fair Markets operates under two regulatory bodies: ASIC in Australia and FSC in Mauritius. While ASIC is considered a tier-one regulator, providing a level of safety for traders, the FSC is less stringent, raising concerns about the broker's overall reliability.
Deposit/Withdrawal Currency and Cryptocurrency
The broker accepts deposits in USD, EUR, and GBP, with various payment methods including bank transfers, credit cards, and e-wallets like Skrill. However, the lack of cryptocurrency deposit options may be a drawback for some traders.
Minimum Deposit
Fair Markets has an attractive minimum deposit requirement of just $1 for most accounts, making it accessible for new traders. However, the VIP variable account requires a minimum deposit of $5,000.
The broker offers a 100% welcome bonus on the first deposit, which can be appealing to new traders looking to increase their trading capital. However, terms and conditions for bonuses should be carefully reviewed as they often come with strict trading volume requirements.
Tradable Asset Classes
Fair Markets provides access to a diverse range of asset classes, including over 45 currency pairs, CFDs on commodities, indices, stocks, and cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Costs (Spreads, Fees, Commissions)
Spreads at Fair Markets vary by account type, starting from 0.0 pips on the Raw Zero account but incurring a commission of $10 per lot. The Standard accounts have spreads starting from 1.2 pips with no commission, which can be competitive compared to other brokers. However, some user reviews indicate discrepancies in actual spreads, especially during high volatility.
Leverage
The broker offers leverage up to 1:400, which can enhance profit potential but also increases risk. This leverage is higher than many competitors, making it attractive for experienced traders.
Fair Markets supports trading on MetaTrader 4 and MetaTrader 5, both of which are popular among traders for their advanced charting tools, automated trading capabilities, and user-friendly interfaces.
Restricted Regions
While Fair Markets is available in many countries, it is not accessible to traders in the United Kingdom, which could limit its appeal in one of the largest forex markets.
Available Customer Support Languages
Customer support is available in multiple languages, including English, which can help cater to a diverse range of traders. However, support is limited to weekdays, which may be a drawback for those needing assistance during weekends.
Repeated Ratings Overview
Detailed Explanations
Account Conditions
Fair Markets offers various account types, including Standard Fixed, Standard Variable, VIP Variable, and Raw Zero accounts. Most accounts have no minimum deposit requirement, which is appealing for beginners. However, the VIP Variable account requires a higher initial investment, potentially limiting access for some traders.
While Fair Markets provides basic trading tools and educational resources, such as e-books and webinars, many users feel that these resources are insufficient for more experienced traders. The lack of a comprehensive educational platform may deter those looking for in-depth training.
Customer Service and Support
Customer service has received mixed reviews, with some users reporting long response times and limited availability during weekends. While the support operates 24/5, the absence of weekend support can be a significant drawback for traders who may need assistance outside of standard business hours.
Trading Setup/Experience
User experiences with Fair Markets vary, with some traders praising the ease of use of the trading platforms, while others have reported issues with slippage and withdrawal delays. This inconsistency in trading experience may affect overall satisfaction.
Trustworthiness
Despite being regulated by ASIC, user reviews have raised concerns about Fair Markets, particularly regarding slow withdrawal times and mixed experiences with customer service. This has led to questions about the broker's overall trustworthiness.
User Experience
Overall, the user experience with Fair Markets is average. While the platforms are user-friendly, issues with customer support and withdrawal processes have led to a less favorable impression among some users.
In conclusion, Fair Markets presents an attractive option for new traders due to its low minimum deposit and range of trading instruments. However, potential users should carefully consider the mixed reviews and regulatory aspects before committing funds to this broker.
