Is Fair Forex a Scam?

As of April 2019, the forex market had around $6.6 trillion of daily turnover, including futures contracts and currency options. With this amount of money being traded instantly or over the counter, forex scams can be a very attractive way for malicious operators to earn fortunes quickly.

Strict security regulations and enforcement have all but eliminated most types of scams. However, the practice of being extremely cautious is still followed by many forex traders, especially when it comes to finding a broker.

In this article, we’ll talk about Fair Forex, who they are, what they are offering, and why they’re worthy of your trust.

 

Who is Fair Forex, and is it a Scam?

Fair Forex is a forex brokerage that offers some of the industry’s lowest spreads and commission rates. The brokerage itself was created on a foundation of trust, fairness, and client transparency.

Fair Forex is far from being a scam. It’s proud to be one of the fairest brokerages in the industry. They currently have a 4.9 out of 5 stars trust rating from over 400 reviewers on Trustpilot.

Fair Forex is one of three companies that make up the Fair Global Prime Group; one regulated in Vanuatu (Pending), one regulated in the UK (pending), and one licensed in St Vincent & The Grenadines.

is-fair-forex-a-scam

 

How Did Fair Forex Get Started?

A group of successful retail brokers in the UK established Fair Forex. Their vast experience in the industry allowed them to start a brokerage that fully understands the needs of regular, hardworking forex traders.

One of Fair Forex’s founders used to facilitate a free forex support group for traders who are generally left disgruntled by brokers who regularly commit the following injustices:

  • Horrible customer service
  • Dishonesty and lack of transparency
  • Offers unreasonably high spreads
  • Adds hidden fees

Through this experience, the founders realized what they needed to do: establish the fairest broker in the market. This mindset helped Fair Forex grow into one of the most reputable brokers in the forex industry.

Fair Forex now enjoys the trust of countless retail and corporate traders. Our community continues to grow, with seasoned traders generously helping newcomers with expert tips and advice.

 

What’s Their Mission?

Fair Forex’s mission is to provide traders with regulated forex broker services that are transparent, trader-focused, and fair. It means providing a trading environment that never trades against any of their clients.

Their service’s execution method is strictly A Book and True ECN only. That means Fair Forex will only be profitable if their clients are also profitable. It is also committed to only charging fair spreads, commissions, and fees (withdrawal and trade).

Fair Forex aims to become the industry’s leading mid-market broker with a consistent monthly trading volume between $25 billion and $35 billion.

Additionally, Fair Forex is also committed to providing high-quality customer support, which is:

  • Multi-lingual
  • Available 24/7
  • Responsive and effective
  • Delivered by genuine humans

Fair Forex will also create highly sustainable jobs with top-notch employment development and effective leadership to achieve its mission.

 

What Can You Gain from Their Services?

One of Fair Forex’s goals is to help clients succeed by assisting them in making informed trading decisions. This includes providing free peer support, signals, access to professional traders, and indicators for their MT5 platform.

Apart from effective customer and trading support, their clients can also benefit from the following factors:

  • Same Day Withdrawals: Many forex traders choose to work with Fair Forex because of our minimal fees. We don’t charge our clients a fee whenever they withdraw money unless their banks require additional fees. Wire transfers cost as low as $10, and withdrawals to bank accounts can be processed within the same business day.
  • Multiple Deposit Methods: Fair Forex also provides clients with various deposit methods. It’s possible to deposit US dollars for free without the need for Bitcoin. It’s also possible to use credit or debit cards, wire transfers, as well as e-wallets like Skrill and Neteller.
  • True ECN Liquidity: Electronic Communication Network (ECN) enables all Fair Forex clients to access potential liquidity providers or secure the best bids and prices. It also makes trading 100% confidential and free from any types of restrictions or manipulations.

 

Fair Forex has built a reputation of being a competent brokerage that understands what many traders want: trust, support, and transparency. Unlike some brokerages, we know that the best way to succeed in the intricate world of forex trading is by helping each other.

If you are interested in knowing more about the services we offer, consider signing up for a free demo. If you have further questions, feel free to contact us today, and our team would be happy to provide you with the answers you need.

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

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