FXFair Xem lại

On-line since: 2013
Country of origin: Saint Vincent and the Grenadines
Regulation: -
Payment options: bank wire, credit cards, e-wallets
Minimum account size: $25
Minimum lot size: 0.01
Leverage: up to 1:500
Spreads: variable, from 0 pips

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:

• low minimum deposit;
• demo account without an expiration date;
• high leverage.

Disadvantages:

• not regulated.