Fairmarkets

Basic Information

• Registered Region
  

  Mauritius
• Operation Status
  Abnormal
• Operating Period
  Not disclosed
• Deposit Methods
  Bank Transfer, Credit Card, E-wallet
• Website
  https://www.fair.markets
• Market Type
  Foreign exchange
• Support Languges
  

  English
• Main Business
  Forex, commodities, digital assets, stocks, indices, CFDs
• Business Type
  Multi-asset broker
• Social Media
• Contact Details
  support@fairmarkets.mu

  +44 1460944002
• Type of Accounts
  Standard Fixed, Standard Variable, VIP Variable, Raw Zero
• Trading Platforms
  MT4 / MT5
• Withdraw Methods
  VISA, Mastercard, Bitcoin, Ethereum, Ripple, Cardano, Tether, and more
• Auto Trading
  EA supported

Pros and Cons

Pros: Wide range of trading instruments across multiple asset classes; Different types of trading accounts; Competitive spreads; Availability of popular trading platforms like MT4 and MT5. Cons: Lack of valid regulation; Reports of difficulties in withdrawing funds; High minimum deposit requirement of $5000.

Company Background

Fairmarkets International Ltd. operates as a multi-asset brokerage firm based in Mauritius. The company offers a range of trading opportunities across forex, commodities, stocks, indices, and cryptocurrencies. Despite its diverse service offerings aimed at both novice and experienced traders, the lack of a credible regulatory framework raises concerns about the broker’s operational legitimacy and its accountability to traders. The firm is reportedly less than five years old, although exact details regarding its establishment remain undisclosed.

Fund Security

Fairmarkets operates without valid regulatory oversight, meaning that clients may not benefit from the protections typically afforded by regulatory bodies. The absence of funds segregation and compensation schemes further heightens the risk involved in trading with this broker. Clients should be cautious, as operating without proper regulation presents significant risk, including potential difficulties with fund withdrawal as reported by users.

Account Opening

Fairmarkets provides users with four primary types of accounts: Standard Fixed, Standard Variable, VIP Variable, and Raw Zero accounts. The minimum deposit for the VIP account is set at $5000, while the other accounts may have lower or no minimum deposit requirements. The onboarding process appears straightforward, although specifics about the verification requirements have not been disclosed. Detailed understanding of each type of account can aid users in determining the one that aligns best with their trading goals.

Trading Fees

The fee structure at Fairmarkets includes competitive spreads starting from 1.2 pips for the Standard Variable account and 0.0 pips for the Raw Zero account, which incurs a commission of $10 per lot. Other account types do not levy commissions. However, details regarding additional fees, such as deposit, withdrawal fees, and inactivity charges, remain undisclosed, making it essential for users to clarify these aspects before proceeding.

Trading Instruments

Fairmarkets offers a diverse portfolio including forex pairs like EUR/USD and GBP/JPY, various commodities such as gold and oil, popular stock indices, cryptocurrencies like Bitcoin and Ethereum, and CFDs. This extensive selection allows traders to explore multiple markets and strategies, thereby enhancing their trading experience. The availability of these instruments underlines Fairmarkets' intention to cater to a broad spectrum of trading preferences and styles.

Trading Technology

The broker supports leading trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their user-friendly interfaces and robust analytical tools. Both platforms offer essential features like automated trading through Expert Advisors (EAs), advanced charting capabilities, and flexibility for traders using desktop or mobile devices. The technology infrastructure is designed to provide a reliable and efficient trading environment, although detailed execution speeds and the quality of technical support have not been specified.

Research and Education

Unfortunately, specific resources for research and education provided by Fairmarkets have not been disclosed. Educational materials, market analysis tools, and training options are vital for traders to enhance their skills and understand market movements better. The absence of mentioned educational offerings may pose limitations for novice traders seeking to improve their trading knowledge and strategies.

Customer Support

Fairmarkets offers customer support through multiple channels, including telephone, email, and live chat. Their customer service is available at +44 146094 4002 and via email at info@fair-market.email. However, response times and the overall quality of support remain unverified, highlighting the need for potential clients to assess service efficacy based on personal experience or user feedback.