Fair Markets

FAIR MARKETS Review Summary

Founded: 2012
Registered Country/Region: Australia
Regulation: ASIC (Suspicious Clone)
Market Instruments: Forex (36 pairs), Commodities (gold, silver, oil), Cryptocurrencies, CFDs, Indices, Stocks
Demo Account: Available
Leverage: Up to 30:1
Spreads: From 0.6 pips (Standard Account)
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), Webtrader4, Webtrader5
Minimum Deposit: $0
Customer Support: Phone (+61 2 9510 0073), Email (support@fair.markets), Address (Level 26, 1 Bligh St, Sydney NSW 2000)

About FAIR MARKETS

FAIR MARKETS was founded in 2012 and claims to operate under an ASIC license in Australia. However, the license is classified as a suspicious clone. The broker offers a wide range of tradable instruments, including forex, indices, commodities, stocks, and cryptocurrencies. It provides both Standard and Aussie Premium accounts, along with a demo account for practice, accessible via MT4, MT5, and web-based platforms.

Pros and Cons

Pros

• Supports both MT4 and MT5 platforms

• Tight spreads on Aussie Premium account

• Multiple account types available

• No minimum deposit requirement

• No deposit/withdrawal fees

Cons

• ASIC license is a suspicious clone

• No Islamic (swap-free) account option

Regulation and Licensing

FAIR MARKETS claims to be regulated by the Australian Securities & Investments Commission (ASIC). However, the official license number 000424122 belongs to TRIVE FINANCIAL SERVICES AUSTRALIA PTY LTD, not FAIR MARKETS itself.

• Regulator: ASIC (Australian Securities & Investments Commission)

• Status: Suspicious Clone

• Licensed Entity: TRIVE FINANCIAL SERVICES AUSTRALIA PTY LTD

• License Type: Market Maker (MM)

• License Number: 000424122

Available Instruments

Traders at FAIR MARKETS can access:

• Forex (36 currency pairs)

• Commodities (gold, silver, oil)

• Cryptocurrencies

• CFDs

• Indices

• Stocks

Not supported: Bonds, Options, ETFs.

Account Types

FAIR MARKETS provides two main live account types, both offering free market data, algo trading, EA support, no minimum deposit, and negative balance protection. A demo account is also available.

• Aussie Premium Account: Minimum deposit $0, spreads from 0.0 pips, $1 commission per side. Designed for experienced or professional traders, especially focused on Australian markets.

• Standard Account: Minimum deposit $0, spreads from 0.6 pips, no commission. Suitable for beginners or traders preferring commission-free trading.

Leverage

Leverage levels comply with ASIC regulations:

• Major forex pairs: 30:1

• Minor forex pairs, gold, major indices: 20:1

• Commodities (except gold), minor indices: 10:1

• Stocks: 5:1

• Crypto CFDs: 2:1

While leverage can magnify profits, it also increases the risk of losses.

Fees and Spreads

• Aussie Premium Account: Spreads from 0.0 pips + $1 commission per side (on selected AUD pairs, oil, gold, silver, ASX 200).

• Standard Account: Spreads from 0.6 pips, zero commission.

Overall, FAIR MARKETS fees are relatively lower compared to industry standards.

Trading Platforms

FAIR MARKETS supports both MetaTrader and web-based platforms:

• MT4: Windows, macOS, iOS, Android, Web (for beginners).

• MT5: Windows, macOS, iOS, Android, Web (for experienced traders).

• Webtrader4: Browser-based MT4.

• Webtrader5: Browser-based MT5.

Deposits and Withdrawals

FAIR MARKETS does not charge deposit or withdrawal fees. Processing times and minimum deposits vary depending on the method.

• Deposit Methods:

  • Credit Card – Instant, free

  • Bank Transfer – Slower, depends on bank

  • E-wallets (e.g., Skrill) – Fast, depends on provider

• Withdrawal Methods:

  • Credit Card – Funds returned to the original card used

  • Bank Transfer – Same method as deposit, time depends on bank