The Financial Conduct Authority (FCA) warns forex traders about the rising number of scams in recent years. The firm emphasizes the importance of learning the signs of potential fraud, including the persuasion tactics scammers often use to lure victims.
One of the best ways to avoid trading scams, according to the FCA, is to work only with licensed forex brokers. Licensed forex brokers are duly regulated by an authorized body, assuring you that their trading activities are legal.
Fair Forex is among the most trusted forex brokers in Saint Vincent and the Grenadines. With a trust rating of 4.9 out of five stars from 400 reviewers on Trustpilot, our brokerage services have proven helpful and advantageous for professional, corporate, and retail traders.
Below are some of the reasons people continue to trust Fair Forex with their trading activities:
1. Easy-to-Use Trading Platform
We use the MetaTrader5, which is the latest version of the industry’s leading trading platform. It’s an all-in-one platform that you can use to trade currencies, stocks, and futures, offering depth of market (DOM) analyses that give you access to your bids and offers across markets.
The MT5 is entirely customizable, so you can configure it to suit your specific trading strategy and needs. It also has 38 built-in technical indicators that give you better control over the interactive charts you make.
For forex trading, our trading platform offers spreads for 47 forex pairs and 39 commodities. You can use our trends charts, indicators, and other trading instruments to speculate on the price movements of these pairs and make well-informed bids and offers.
2. True ECN Liquidity
Electronic Communication Network (ECN) streamlines the way people trade currencies. It connects brokers with liquidity providers directly, eliminating the need for a middleman for the convenience of retail traders. Fair Forex takes this one step further through true ECN, which is a pure order-matching execution system.
A true ECN account charges a commission per trade and doesn’t place any premium on the raw spread. This reduces your overall trading costs.
Trading is also 100 per cent confidential through our true ECN accounts. As a trader, this means that you can take advantage of neutral prices and actual market conditions since they’re not affected by bias based on your strategies, tactics, or current market positions.
3. Multiple Trading Account Types
You can open different types of accounts with Fair Forex, depending on your risk profile and trading strategy. We manage the following accounts:
This type of account offers quick executions, with speeds of under 50 milliseconds, ideal for those who prefer short-term trades, such as scalping or swing trading. Fair Forex standard accounts also offer some of the lowest EUR/USD spreads available, starting from 0.8 pips with no commission.
Raw Spread Account
Our raw spread accounts offer even lower spreads than our standard accounts, with the average EUR/USD spread at just 0.2 pips and a commission of $3. This type of account has raw pricing, meaning you won’t be paying for markups.
Our pro accounts are ideal for experienced retail traders, professional traders, and money managers. These give you access to deep liquidity and ultra-fast execution speeds.
Forex trading is allowed in Islam under certain conditions, the most important one being that trade activity should be interest-free. Our Islamic accounts follow these conditions, allowing people to participate in halal trading activities. These accounts are swap-free, meaning you don’t have to pay for interest.
4. Superior Customer Service
Fair Forex doesn’t just provide access to the currency trading market, but we also offer real-time assistance to our traders. You can request assistance from your broker if want to adjust your bet, place new trades, or head off a price movement.
With Fair Forex’s superior customer service, you can make necessary adjustments in real-time to hedge off potential losses.
5. Other Free Perks
Because we want you to well-informed trading decisions, Fair Forex offers additional perks that guide your market analyses and price speculations. First, we have a Telegram channel where you can get free peer support. You can converse with professional traders to gain advice and tips on specific trade techniques to improve your strategy.
You can also leverage our free indicators for the MT5 platform and video instructions on how to use them. These tools increase your expertise in analysing price movements and the market.
Why Choose Fair Forex
Ultimately, Fair Forex strives to help you succeed as a trader. Our goal is to provide you with the tools and knowledge you need to make smart, calculated moves that minimise your risk and maximise your profits.
These are just five of the many advantages you’ll enjoy when you work with Fair Forex. If you’re interested in learning more, contact us by filling out our online form and we’ll be in touch with you.
WHY FAIR FOREX
We were founded by successful traders just like you and have built our reputation as the dependable low spread forex broker.
- Spreads from just 0.0 pips
- True ECN broker
- Safety of funds
- Free signals and indicators
- All the help you need to succeed