On-line since: About the company: FXFair is an ECN broker founded in 2013. Company. Security of funds FXFair is an offshore broker based on the island of Saint Vincent and the Grenadines. Investors should be careful because offshore regulation is quite loose, it often attracts dishonest companies. The chances to recover your funds in cases of fraud or bankruptcy are poor as most offshore brokers do not offer clients' funds protection programs. At least, FXFair states that it keeps clients' money in segregated accounts. The broker also informs that it does not provide its services to the residents of the European countries, the United States, Cuba, Japan, Myanmar, North Korea, Sudan and Syria. Trading terms FXFair offers three types of trading accounts: Standard, Real ECN and Prime. There is also a free demo account with a leverage of up to 1:500 and without an expiration date, unlike some offshore Forex brokers, whose demo accounts are valid during a certain period of time. The list of the broker’s trading instruments includes 52 currency pairs, as well as some precious metals (gold and silver). Trading platforms FXFair offers trading only through the MetaTrader 4 platform (MT4), which is popular among brokers and traders. MT4 is easy to use and has a wide range of opportunities, especially for margin trading. Traders can create their own strategies and use a great set of tools for charting and technical analysis. Users can post market and pending orders, monitor trading history and get financial news and analytical reviews right in their terminals. MT4 also provides real-time push prices, notifications on prices and automated trading systems (experts). Payment options Like most offshore Forex brokers, FXFair accepts deposits through bank wire, debit and credit cards, Skrill and FasaPay electronic payment systems. However, it does not accept payments through the most popular e-wallet PayPal. Funds withdrawals can be carried out through the same methods as depositing. Bonuses/Special offers The company offers the bonus of up to 20% available to all clients. The owners of ECN accounts can receive the 10% bonus; while the owners of Standard accounts, 20%. To use it, it is necessary only to open a live account, deposit at least $100 and send a number of your account with a bonus code by email. Another offer is a special reward for a referral: $50 per every new client. Support services Traders can contact a specialist of FXFair by email, fax or chat. Telephone operators of the office in Cyprus can answer only in English. Advantages:
Disadvantages:
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I can't trade with FXFair, As Their platform's execution always delay and they has a awful payment service. While their platform Integrated with many trading tools, but I did not found a live price quote and I got a huge slipage so far. So, I am disappointed with FXFair.
I have been trading with FXFair for a year, and I'm so pleased with their service. They provide a good service to the client. It's profitable trading with them. The platform has good quality, works well, has instant order execution, fixed spreads, real prices, and no slippage during my trades. The withdrawal process is also fast and easy, it is always successful within a day. I have nothing to complain about FXFair. They are professional broker.
I have tried FXFair and I am not pleased with them. During the last US CPI m/m news time , I had experienced a fake slippage of 71 pips on USD/CAD pair on their MT4 platform which caused my profitable opened positions closed with negative balance and I lost about $142. Even my SL was did not execute. When I sent them an email regarding issue the informed me that this they do not have nothing to. Now slippage is happening so regularly. This guys are not honest at all.
Before I had a real account at FXFair, I demo traded with them for three months first. This is what I like about the company the most. They did not put a limit on demo trading so I was really able to practice first before entering the real market.
I can only say for beginners the best. They have low spreads and the widest leverage on Forex, for me, as an experienced trader it is very convenient. There is no restriction to scalp, that is why my trading is profitable. Perfect live support instant within the platform. The tech support with this company is the best in my opinion. I hope Fx Fair really provide good quality and service. and can provide evidence to give bonuses.
FXFair platform sometime goes out of control in the rush trading time, I was traded in a mini account and using their MT4 platform, but this platform is full of a hassle for dealing in the market. always the execution slow and my orders failed to open or close, as my position goes slippage, which makes me $240 lost so far. Besides I didn't get my payment too. So I am disappointed on the FXFair platform.
I was able to open an account at FXFair because of their low minimum deposit. Also, I have been seeing a lot of praises towards the broker. I opened an account three months ago and so far, my experience is great. I haven't had any trouble so far. In fact, their trading environment is really favorable to clients especially beginners.
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