Published on Oct 23, 2023

Exploring FairMarkets: Uncovering the World of Trading - Instruments, Platforms, Broker Features, Pros, and Cons

Step into the world of FairMarkets, an Australian-based forex and CFD broker, meticulously overseen by regulatory authorities like ASIC and FSC. This brand unlocks a realm of multi-asset trading possibilities through the powerful MT4 and MT5 platforms, replete with a MetaTrader booster pack and in-depth Trading Central analysis. With spreads commencing from a mere 0.0 pips and no obligatory minimum deposit, it has become the go-to choice for newcomers.

As we delve into the 2023 FairMarkets review, we'll embark on an expedition through the terrain of account options, platform intricacies, fee structures, payment methods, and beyond. Are you ready to join our experts on this exciting journey into the FairMarkets universe?

Overview of FairMarkets

Established in the vibrant city of Sydney, Australia, in 2012, FairMarkets traces its roots back to a strategic acquisition by Trive Investment B.V., a Dutch organization with a diverse portfolio of fintech enterprises. FairMarkets operates through two vital entities:

FairMarkets Trading Pty Ltd: Regulated under the watchful eye of the Australian Securities & Investments Commission (ASIC).
FairMarkets International Ltd: Subject to the vigilant oversight of the Mauritius Financial Services Commission (FSC).

The overarching mission of FairMarkets is to establish a secure, equitable, and transparent environment for retail investors. Within its realm, you'll discover a treasure trove of over 500 instruments, spanning across forex, commodities, stocks, indices, and cryptocurrencies. Notably, it boasts lightning-fast execution speeds of under 0.1 seconds and extends a welcoming hand to various payment methods, including bank cards and e-wallets.

Platforms:

FairMarkets beckons traders with two illustrious platforms - the ever-reliable MetaTrader 4 (MT4) and the versatile MetaTrader 5 (MT5). These platforms are at your fingertips, accessible through Windows, Mac, or Linux devices or directly through popular web browsers.

These industry-recognized platforms offer a plethora of technical analysis features, customizable graphs, instant and pending order options, and automated trading tools. While MetaTrader 4 is your trusted companion on the path to becoming a trading virtuoso, MetaTrader 5 expands your arsenal with an array of advanced analysis tools and diverse order types, designed to enthrall even the most seasoned investors.

MetaTrader 4 Highlights:

VPS hosting
Nine different timeframes
One-click trading
Three execution types
30 built-in technical indicators
Fully customizable charts
Four pending order types and trailing stops
Direct access to Expert Advisors or the power to craft your own algorithms.

MetaTrader 5 Features:

A generous offering of 21 timeframes
Trading signals for informed decision-making
44 analytical objects for in-depth analysis
Six pending order types
Swift one-click order execution
MQL5 programming language for the code-savvy
Integrated economic calendar for staying in the loop
A repertoire of 38 built-in technical indicators
Six pending order types and trailing stops for added precision.

Diverse Horizons

FairMarkets unfurls a vast landscape of over 500 global instruments for your exploration:

Dive into the world of precious metals and energies, including gold, silver, and oil.
Embark on trading adventures with stock CFDs from some of the world's largest companies in the US, UK, and Europe.
Engage in speculative endeavors with major and minor currency pairs, including EUR/USD, GBP/USD, and AUD/CAD.
Traverse the terrain of the world's most prominent stock indices, such as the ASX200, FTSE100, and S&P500.
Finally, make your mark in the realm of cryptocurrencies with three digital currency USD crosses: BTC/USD, ETH/USD, and LTC/USD.

Spreads and Commission:

FairMarkets offers a range of spread models, including fixed and variable options. The Standard Fixed account kicks off with spreads starting at 1.8 pips. The Standard Variable account presents spreads starting at 1.2 pips. If you're seeking the best, the VIP Variable account offers spreads beginning at a tantalizing 0.6 pips, but it comes with a $5000 minimum deposit requirement. Across all these account types, trading remains commission-free.

But there's more – behold the Raw Zero account, boasting spreads as tight as 0.0 pips, accompanied by a $10 commission per lot.

Opening an account is seamless and doesn't incur fees, and there are no charges for inactivity. However, keep an eye out for swap fees if you maintain positions overnight. For those seeking detailed insights, FairMarkets also houses a 'Market Information' sheet on its website, offering a wealth of information on average spreads and trading conditions for each instrument.

Leverage:

Clients of FairMarkets enjoy access to high leverage, with an impressive ceiling of 1:1000, accompanied by stop-outs at 20%. Yet, it's essential to tread carefully on the path of high leverage; while it can amplify profits, it equally magnifies losses. Applying sound risk management strategies becomes paramount.

Mobile Trading:

One minor setback is that FairMarkets does not currently offer a proprietary mobile app. However, don't be disheartened, as both MT4 and MT5 are readily available for mobile devices, seamlessly running on iOS and Android. This means you can manage your account, open and close positions, and tailor your charts even while on the move. You can also set alerts and notifications to stay informed about market dynamics.

Payment Option:

Deposit:

Depositing and starting your FairMarkets journey is hassle-free, with no minimum deposit requirement. Choose from credit/debit cards (Visa or Mastercard), bank wire transfers, Neteller, or Skrill for funding your live account. These methods typically support instant funding, and FairMarkets doesn't burden you with deposit fees, though third-party charges and exchange rate fees may apply if you deposit in a currency different from your account's base currency.

Withdraw:

Withdrawing profits from your account is equally straightforward, although you must verify your FairMarkets account before funds can be disbursed. The time it takes for funds to reach you varies depending on your chosen withdrawal method, but rest assured, FairMarkets refrains from imposing withdrawal fees.

Demo Account:

For those looking to fine-tune their skills risk-free, FairMarkets extends a free demo account, laden with virtual funds of up to $100,000. Our encounter with this demo platform revealed that while the MT5 terminal was readily available, registering for a separate MT4 account was a breeze, taking less than a minute through a simple online registration form.

Bonuses and Promotions:

Clients trading with FairMarkets can dive into a pool of bonuses and promotions. The broker offers a 100% margin bonus, along with enticing trading prizes, including electronic gadgets and high-end cars. However, it's crucial to scrutinize the terms and conditions associated with these bonuses, as they often come with strict volume and withdrawal requirements.

Regulation:

FairMarkets International Ltd sails under the flag of the Mauritius Financial Services Commission (FSC), carrying Global Business License number GB21026295. While it's essential to note that this doesn't constitute tier-one regulation, which may limit recourse options for dissatisfied customers, it comes with its own set of perks, including the ability to offer higher leverage and attractive welcome bonuses.

Additional Resources:

FairMarkets may not have an extensive in-built learning academy, a feature often found among its competitors, but it compensates with free e-books crafted by industry experts. These educational gems can be downloaded as PDFs directly to your desktop device. For beginners, the 'Basics of Trading' e-book provides trade examples, step-by-step guidance on opening positions, and essential keyword definitions. Advanced investors may gravitate towards 'Building Strategies' or 'Pivot Points' e-books.

In addition to e-books, FairMarkets occasionally conducts online webinar courses. These live sessions offer strategy insights, forecasts for the forex and commodity markets, analysis of significant economic events, and interactive Q&A sessions with experts. You can register for these webinars on the broker's official website, and if you miss one, they are available for viewing on YouTube.

Trading Experience:

FairMarkets offers a compelling MetaTrader Booster Pack, an arsenal of nine add-ons that seamlessly integrate with your MT4 and MT5 platforms. These include:

Sentiment Trader: Offering a glimpse into market sentiment and historic sentiments for selected instruments.
Session Map: A tool to view upcoming events in your local time and analyze major price movements with color-coded indicators.
Alarm Manager: Set alerts for activities or events that might impact your open positions. It also allows you to automate trade functions.
Correlation Matrix: An invaluable tool to analyze correlations between instruments, facilitating portfolio diversification.

To access these features, visit the 'Tools' tab in the client portal, follow the download instructions, and restart your MetaTrader platform. It's important to note that this package is exclusively available to retail clients who deposit a minimum of $1,000.

Trading Central:

FairMarkets clients have the distinct advantage of accessing Trading Central, a leading provider of real-time research that simplifies the decision-making process. It provides advanced analysis with easily understandable market data, trading signals, and automated investment tools, including Expert Advisors (EAs). Some key highlights of Trading Central include:

Alpha Generation: Integrated indicators with 'Patent Recognition' technology.
Adaptive Candlesticks: A market scanning tool that detects chart patterns and provides informative comments.
Adaptive Divergence Convergence (ADC): A powerful tool for short-term traders, identifying market opportunities and suggesting entry and exit points.
Analyst Views: Multiple daily updates based on your trading instruments, offering insights into directional outcomes, support levels, pivot points, and alternative scenarios directly within your charts.

While Trading Central is accessible to all retail clients with no minimum deposit requirement, initiating it does require approval from the broker's customer support team.

Tools and Calculators:

FairMarkets further equips traders with useful calculators, including a margin calculator, profit calculator, and a currency converter. An economic calendar is also at your disposal, offering details of major news events and significant dates.

Types of Accounts in FairMarkets:

FairMarkets extends an enticing array of four trading accounts, catering to a diverse audience:

Standard Fixed Account: This account type offers straightforward access to financial markets with fixed spreads, low fees, and no minimum deposit requirement, making it an excellent choice for beginners.
Standard Variable Account: Similar to the Standard Fixed Account, this account offers similar trading conditions but with low and variable spreads, providing greater flexibility.
VIP Variable Account: Ideal for experienced traders, this account offers premium trading conditions, including zero commissions and access to premium charts and tools, along with a free VPS.
Raw Zero Account: Crafted for high-volume forex traders, this account boasts razor-thin spreads, starting at 0.0 pips for major currency pairs like EUR/USD, complemented by a $10 commission per lot. There's no minimum deposit requirement.

Across all account types, the minimum order size stands at 0.01 lots, with a maximum trade size of 100 lots. Leverage is available at up to 1:1000, with the exception of the VIP Variable account, which caps it at 1:400. Each account also includes a 20% stop-out level.

Trading Hours:

Trading opportunities beckon at varying hours, depending on the instrument in question. For example, the forex market is a round-the-clock endeavor, active from Sunday to Friday. The 'Market Information' sheets on the broker's website provide invaluable insights into trading updates, including information about public holidays.

It's vital to remember that holding positions overnight may incur overnight swap fees, with the rollover time occurring at the end of the New York trading day. Positions left open between 21:59:45 and 21:59:59 GMT will be rolled over to the following day.

Customer Support:

FairMarkets ensures your needs are met with robust customer support available 24/5. This includes channels like telephone, email, and an online contact form. During business hours (Monday to Friday, 9 AM – 7 PM AEST), you can engage in live chat support for immediate assistance.

Telephone: +61 2 7254 1437
Email: support@fair.markets
Live Chat: Accessible at the bottom right of each webpage
Head Office Address: Level 26, 1 Bligh St, Sydney, NSW 2000

To further assist users, FairMarkets has assembled a comprehensive FAQ section on its website, categorizing questions related to accounts, platforms, payments, and trading, making it an invaluable resource for self-help.

Safety and Security:

A Paramount Concern FairMarkets employs industry-standard encryption technology to safeguard your data. The payment portals are fortified with established security protocols, ensuring the protection of your financial information. Users can further enhance their security by enabling two-factor authentication on the MetaTrader platforms.

Pros and Cons

Pros

Access to a VPS
A diverse portfolio of over 500 assets
Top-tier regulation
A free price calculator
No minimum deposit requirements
Spreads commencing from as low as 0.0 pips
Commission-free trading
Integration of the MetaTrader Booster Pack
Seamless access to both MT4 and MT5
Free access to Trading Central
Execution speeds faster than the blink of an eye (under 0.1 second)
Seamless integration with MT4
Low minimum deposit requirements
Swift execution speeds
A diverse array of investment opportunities

Cons

Absence of a halal account
Limited weekend customer support
No proprietary trading platform or mobile app

FairMarkets stands as a multi-asset broker, offering a treasure trove of over 500 instruments. With no mandatory minimum deposit and spreads starting from an enticing 0.0 pips, it caters to traders of all levels. The variety of trading accounts and the availability of extras such as Trading Central and the MetaTrader Booster Pack ensure that FairMarkets accommodates both novices and seasoned traders.

FairMarkets Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.