FXFAIR

About company:

FXFair was founded in 2013 and is an ECN broker.

 

Company. Security of funds.

FXFair is an offshore broker based in Saint Vincent and the Grenadines. Investors should be careful, as regulation in offshore zones is quite loyal and often attracts dishonest companies. There is little chance of recovering your funds in the event of fraud or bankruptcy, as most offshore brokers do not offer client funds protection.

 

At the very least, FXFair claims to keep customer funds in segregated accounts. The broker also says that it does not offer its services to residents of European countries, the United States, Cuba, Japan, Myanmar, North Korea, Sudan and Syria.

 

Trading conditions

FXFair offers three types of trading accounts: Standard, Real ECN and Prime. There is also a free demo account with up to 1: 500 leverage and no expiration date, unlike some offshore Forex brokers whose demo accounts are valid for a specific period of time.

 

The broker's list of trading instruments includes 52 Forex pairs, as well as some precious metals (gold and silver).

 

Trading platforms

FXFair only offers trading through the MetaTrader 4 (MT4) platform, which is the most popular choice among brokers and traders. MT4 is easy to use and has a wide range of options, especially for margin trading. This allows traders to program their own strategies and offers them a significant set of charting and technical analysis tools. Users can place market and pending orders, view trade history and receive financial news and analysis right in their terminal. MT4 also provides real-time push prices, price alerts and automated trading systems (expert advisors).

 

Ways of payment

Like most offshore Forex brokers, FXFair accepts deposits via bank transfers, debit and credit cards, and the electronic payment systems Skrill and FasaPay. However, it does not accept payments through perhaps the most popular PayPal e-wallet.

 

Withdrawals are made using the same methods as deposits.

 

Bonuses / Promotions

Deposit bonus up to 20%. It is available to all FXFair customers: ECN account holders are entitled to 10%, Standard account holders to 20%. To use it, you just need to open a real account, make a deposit of at least $ 100 and send your account number to your email address, specifying the bonus code.

 

Another offer is a special referral reward: $ 50 for each new client.

 

Support service

Traders can communicate with an FXFair representative via email, fax or chat. Phones to our office in Cyprus are answered only in English.

 

Pros:

 

small minimum deposit; demo account without expiration; high shoulder.

 

Minuses:

 

not regulated.