Fair Forex Broker Review – What’s Wrong With This Forex & CFD Broker?
Broker status | Unregulated Offshore Broker |
Regulated by | Unlicensed Scam Broker |
Scammers Websites | FairForexFX.com |
Blacklisted as a Scam by | N/A |
Owned by | Fair Forex Limited |
Headquarters Country | Saint Vincent and the Grenadines |
Foundation year | 2019 |
Supported Platforms | MT4, MT5 |
Minimum Deposit | $50 |
Cryptocurrencies | Forex (FX), Indices, Commodities, Cryptocurrencies, Stocks |
Types of Assets | BTC, XRP, ETH (36 cryptos available) |
Maximum Leverage | 1:500 |
Free Demo Account | Yes |
Fair Forex is Safe? Broker Regulation: The Importance of
A broker’s trading license is a key asset. We decided to find out if Fair Forex is licensed and who it is regulated by. Fair Forex Limited, Saint Vincent and the Grenadines is the official owner. This means that the company does not have any regulation.
FSA is an offshore authority that registers financial businesses and directs them towards regulation in the country of their service. Another entity is located in Vanuatu and belongs to the company.
Fair Forex License: What’s the Problem?
We have checked the Tier1 regulators and discovered that SVG cannot regulate company operations. Vanuatu has no regulation, so you are dealing with an offshore brokerage that is not regulated.
Avoid these companies and don’t trust them. You have no guarantee for your money.
Forex Brokers: The Truth About Fair Forex Reviews
Fair Forex reviews are something we have seen that you won’t see very often when searching for them. Trustpilot gives this broker a remarkable 4.2 star rating. We discovered that brokers are fond of buying reviews so we decided to see what traders had to say about FairForexFX broker.
Fair Forex has received a lot of praises. All of the praises are from the U.S. and come from accounts that have reviewed Fair Forex. What are the chances that all your reviews from an international broker are from the same country?
There are also accounts in the U.K. that claim to be U.S. traders. This is a ploy to convince U.S. clients not to invest. We don’t know what Fair Forex is doing, but it is common for something to seem too good to be true.
Fair Forex Withdrawal Methods: How to Withdraw Money
Brokers accept a variety of payment methods. These are:
- Wire transfer
- Visa/Mastercard
- Zelle
- Bitcoin
- PayPal
- CashApp
Withdrawals are possible for all methods, except credit cards. You will be charged a $35 processing fee if you withdraw money directly from your bank account. Fair Forex has a minimum withdrawal amount of $50. This is unfair as Fair Forex also requires a minimum deposit. You can’t withdraw $50 if you have only $50.
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Faire Forex: Video
Below you will find a short video about Faire Forex. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Faire Forex!
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FAQ
- What is fair forex? Should I invest money in it?
FairForexFX is not a regulated online brokerage that offers trading.
- Is Fair Forex Available in the United States?
Yes, company provides services to U.S. residents without proper regulation.
- What Products Does Fair Forex Offer You?
The company offers currency pairs, commodities and indices trading.
- Are My Funds Safe With Fair Forex?
No, since the broker is not regulated, your funds are not safe with Fair Forex.
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