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FairMarkets Review 2022

Updated:
3.9
Trust
3.8
Fees
4.4
Platforms and Tools
4.6
Customer Support
3.3
Tradable Instruments
3.0
Account Types and Terms
4.1
Deposit and Withdrawal
4.7
Research
5.0
Education
0.6

High Risk Investment Warning: Trading Foreign exchange (forex), CFDs and commodities on margin carries levels of high risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The information provided by FairMarkets to you is of a general nature and does not take into account your personal circumstances and financial objectives. Before deciding to trade Foreign exchange, CFDs and commodities, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange, CFDs and commodity trading, and seek advice from an independent financial advisor if you have any doubts.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: Our review is based on a Standard Account, using MetaTrader 4 with FairMarkets Trading Pty. Ltd. (fair.markets).

The Big Picture

FairMarkets is a Sydney, Australia based CFD broker, authorised and regulated by the Australian Securities and Investments Commission (ASIC). Founded in 2012, FairMarkets provides access to a variety of markets including forex, commodities, indices and cryptocurrencies via the MetaTrader platform.

FairMarkets Key Takeaways for 2022

  • We evaluated FairMarkets across 9 categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, Platform/Tools).
  • FairMarkets performed well in the categories of fees and research. Fees were competitive overall, with tight spreads and an absence of typical account related fees such as an inactivity fee.
  • We found room for improvement in the areas of customer support, education and tradable instruments. There is no live chat and this broker lacks educational materials. The range of available instruments is not as broad as industry leaders.
  • The Aussie Premium account type offers more competitive spreads than those in the Standard account. Tighter spreads provide an advantage to experienced, active traders.
  • FairMarkets also has an offshore entity (FairMarkets International) catering to clients globally. FairMarkets International offers multiple account types, a broader range of trading instruments and higher leverage.

What Sets FairMarkets Apart from Other Brokers?

FairMarkets is a small broker with specialised account types offering personalised attention to clients. This broker offers access to competitive spreads and some advanced tools such as Trading Central and Virtual Private Server (VPS) services.

Who is FairMarkets For?

The Standard Account at FairMarkets is designed for traders new to forex and CFD markets, with spreads starting from 0.6. This account type does not involve commissions and is designed for simplicity. Nevertheless, new traders should keep in mind that MetaTrader is not the most intuitive platform.

With their Aussie Premium account, FairMarkets addresses the needs of experienced traders. This account type is geared towards professionals actively involved with trading instruments related to Australian industry. With competitive spreads and VPS services, FairMarkets is well equipped to cater to algorithmic traders using expert advisors (EAs) in MetaTrader.

FairMarkets Pros and Cons

Pros Cons
  • Regulated by ASIC.
  • Competitive spreads.
  • Two account types.
  • Competitive spreads in AUD crosses.
  • Third Party Tools.
  • Virtual Private Server (VPS) Services.
  • Limited customer service.
  • Lacks depth of trading instruments.
  • No educational materials.

 

broker

High Risk Investment Warning: Trading Foreign exchange (forex), CFDs and commodities on margin carries levels of high risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The information provided by FairMarkets to you is of a general nature and does not take into account your personal circumstances and financial objectives. Before deciding to trade Foreign exchange, CFDs and commodities, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange, CFDs and commodity trading, and seek advice from an independent financial advisor if you have any doubts.

 

About the Author

Dan Blystone
Dan Blystone began his career in the trading industry in 1998. He worked as an arb clerk on the floor of the Chicago Mercantile Exchange (CME), flashing orders into the currency futures pits.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
FairMarkets Main Features
☑️
Regulations
ASIC (Australia), FSC (Mauritius)
💰
Products (CFD)
Currencies, Commodities, Indices, Futures, Crypto
💵
Min Deposit
$0
💹
Max Leverage
1:30 (ASIC), 1:3500 (FSC)
🖥
Trading Desk Type
STP, Dealing Desk, Market Maker
📊
Trading platforms
MT4, MT5
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Check if...
unknownFairMarkets accepts clients from your country:
Choose your country:

High Risk Investment Warning: Trading Foreign exchange (forex), CFDs and commodities on margin carries levels of high risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The information provided by FairMarkets to you is of a general nature and does not take into account your personal circumstances and financial objectives. Before deciding to trade Foreign exchange, CFDs and commodities, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange, CFDs and commodity trading, and seek advice from an independent financial advisor if you have any doubts.

FairMarkets Full Review

Trust

3.8
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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Founded in 2012, FairMarkets is regulated by the Australian Securities and Investments Commission (ASIC). We rate ASIC as a Tier 1 regulator, reflecting the highest level of trustworthiness. Fairmarkets International is regulated offshore by the Mauritius Financial Services Commission (FSC), which offers fewer protections. We rate the FSC as a Tier 3 regulator.

FairMarket Regulation

FairMarkets Trading Pty. Ltd. on the ASIC Register
FairMarkets Trading Pty. Ltd. on the ASIC Register

In our trust category, we place the most importance on how a broker is regulated. So let’s dive in and take a look at how FairMarkets is regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

FairMarkets Trading Pty. Ltd. (FairMarkets Australia) is authorised and regulated by the Australian Securities and Investments Commission (ASIC), AFS licence number 424122 and ACN number 159166739. We rate ASIC as a Tier 1 regulator.

GK Trade International Ltd. (FairMarkets International) is authorised and regulated by the Mauritius Financial Services Commission (FSC) and holds Global Business Licence number GB21026295 under Section 72(6) of the Financial Services Act. We rate FSC as a Tier 3 regulator.

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. FairMarkets clients in Australia benefit from the oversight of a Tier 1 regulator and have negative balance protection since it is a requirement of ASIC. Negative balance protection means that clients cannot lose more than their deposit. ASIC also requires that brokers have at least $1 million in operating funds and can only use Tier 1 banks for segregating their clients’ funds. ASIC allows retail traders a maximum leverage of 30:1.

Global clients with the FairMarkets International entity do not enjoy these same protections as the entity they are working with is regulated by the less stringent Mauritius Financial Services Commission (FSC).

In the table below we break down the mandated protections and benefits by entity, regulator and region.

Entity FairMarkets Trading Pty. Ltd. GK Trade International Ltd.
Country/Region Australia Mauritius
Regulation ASIC FSC
Segregated Funds Yes No
Negative Balance Protection Yes No
Compensation Scheme No No
Standard Leverage 1:30 1:1000

Regulatory requirements are subject to change. The data listed above was gathered in January 2022.

Stability and Transparency

In our tests for the Trust category we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.

FairMarkets has a decade of operating experience, having been founded in 2012. They were acquired by Netherlands-based company Kapital Investment Group B.V., in 2021. FairMarkets is a small forex and CFD broker, with 2-10 employees, according to the company LinkedIn page.

In researching FairMarkets, we found that they showed an adequate level of transparency in the areas of fees, business terms and the background of the company. Information can be found with relative ease on their website. Fees can be found under the Trading Conditions section. The Client Agreement (Terms of Business) document is available in the Legal Documents section. An About Us page provides an overview of the company covering its history and goals.

In the area of regulation we felt that FairMarkets could have done better, because there is not a page on the website dedicated to their background in this area and what it means. FairMarkes does mention their regulatory status in the footer of the website. We would also have liked to see information on the website about how long deposits and withdrawals take to process.

Is FairMarkets Safe to Trade With?

We judged that accounts opened with FairMarkets Australia are relatively safe due to the robust oversight of ASIC. Accounts opened with FairMarkets International do not have the same level of mandated protections, but they state that they have an insurance policy that covers clients up to $500,000.

Fees

4.4
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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FairMarkets offers competitive spreads across forex, commodities and indices and scored well relative to the industry average.

FairMarkets Trading Fees

Trading related fees at FairMarkets consist of spreads, commissions (for the Aussie Premium account only) and swap fees (the interest rate charged or paid for leveraged positions held overnight).

Trading fees at FairMarkets are mainly reflected in their spreads. Spreads are variable, meaning that they fluctuate slightly. The size of the spread depends on the level of liquidity in the market. Liquidity describes the extent to which an instrument can be bought and sold quickly and without moving the market. Tighter spreads are typically seen when there is greater liquidity in the market.

FairMarkets Spreads

We tested the spreads at FairMarkets across different asset classes using the MetaTrader 4 platform.

The test was done at 8AM GMT and at 3PM GMT on January 25th 2022. We made our tests at two different times to allow greater perspective. 8AM GMT is the London open, when there is a great deal of liquidity in the forex market and therefore tighter spreads in currency pairs. 3PM GMT is a quieter time, shortly before the opening of the New York stock exchange.

Instrument Spread AM Spread PM
EUR/USD 0.7 0.8
GBP/JPY 1.7 1.7
Gold 0.38 0.39
WTI Oil 0.06 0.06
WS30 4 4
Dax 40 2 2

Recorded on January 25 2022

Spreads were especially competitive in forex and the least competitive in commodities.

Swap Fees

In the table below you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of holding a sell position overnight) for one full sized contract. A full sized contract is 100,000 units of the base currency (the first currency quoted in the pair).

Instrument Swap Long Swap Short
EUR/USD Charge of $6 Credit of $0.80
GBP/JPY Charge of $0.48 Charge of $7

Recorded on January 21 2022

Swap fees at FairMarkets were about average for the industry.

Non-Trading Fees

FairMarkets does not charge any deposit, withdrawal, inactivity or account closing fees.

Are FairMarkets Fees Competitive?

With tight spreads across multiple asset classes and reasonable swap fees we judged the fees at Fairmarkets to be competitive overall.

Platforms and Tools

4.6
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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FairMarkets offers the MetaTrader platform across web, desktop and mobile. One of the most popular platforms in the world, MetaTrader offers robust charting, a broad range of order types and a range of advanced functions.

FairMarkets Desktop and Web Platforms

FairMarkets MT4 Desktop
FairMarkets MT4 Desktop

FairMarkets offers MetaTrader 4 and MetaTrader 5 for desktop, which includes advanced functions such as copy trading and automated trading. MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese.

We judged that this is a platform more suited to intermediate or advanced traders as it can take some time to become familiar with it. For example, while this platform has advanced features such as the ability to automate trading, it does not have a readily available search feature to quickly pull up a trading instrument.

Key Features

The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, an email, or a push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a panel called Market Watch.
  • One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short term traders.
  • Trading from the chart. MT4 also allows users the convenience of trading directly from the chart.

Order Types

MetaTrader also delivers when it comes to the range of available order types and its charting functionality. The following order types are available:

  • Market Order. This is an order to buy or sell an instrument at the current best available price.
  • Limit Order. This is an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. This is an order to buy or sell an instrument that is triggered when price reaches a specified level.
  • Trailing Stop Order. This is a stop loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.

Charting

Charting features are robust. MetaTrader 4 offers:

  • 30 technical indicators. These include classic trend indicators, volume indicators and oscillators.
  • 23 analytical objects. These include lines, channels, Gann and Fibonacci tools.
  • 9 time frames Each instrument can be displayed in nine time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts and Line Charts.

Advanced Features

MetaTrader is also popular due to its copy trading and automated trading features.

  • Trading Signals. Signals in MetaTrader 4 allow users to automatically copy the activity of other traders in real time.
  • Automated trading. MetaTrader 4 allows users to develop, test and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.

To conclude, the MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms in the world. It does not have the most beautiful interface and it does require some time and effort to learn, but that is typical of advanced platforms.

Web Platform

The MetaTrader Web Platform (WebTrader) is a slightly stripped down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. FairMarkets clients can access WebTrader from within the client portal.

Popular features include:

  • One-click trading.
  • Trading from the chart.
  • Watchlists with real time quotes.
  • Trade History.
  • Advanced charting with 30 indicators for technical analysis.

Note: copy trading and automated trading are also only available on the MT4 desktop platform. The web platform is not as intuitive as some rival platforms among CFD brokers, but it offers a strong range of features.

FairMarkets Mobile App

MetaTrader 4 Mobile App
MetaTrader 4 Mobile App

For mobile trading, FairMarkets offers the MetaTrader 4 mobile app, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading and trading from the chart. The MetaTrader 4 mobile app also provides a broad range of order types including pending and stop-orders. However, trailing stop loss orders are only available from the desktop platform.

The MT4 app is feature rich, but not as slick and user-friendly to navigate as the proprietary apps of some competing brokers. Also, in order to change the language of the MT4 app, you must change the language for your entire phone

Order Execution

FairMarkets is a dealing desk/market maker broker, meaning that they act as a counterparty to every client transaction. They set the bid (buy) and offer (sell) prices internally and automatically take the other side of a client’s trade. This contrasts with STP/ECN brokers who provide clients direct access to other market participants. STP stands for straight-through processing and ECN stands for electronic communications network. STP/ECN brokers charge commissions but trading fees can end up being lower for active traders, using this model of brokerage.

Tradable Instruments

3.0
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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FairMarkets offers a medium range of trading instruments, with limited depth compared to industry leaders.

FairMarkets offers access to the forex market and commodity, stock index and cryptocurrency CFDs.

What are CFDs?

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets.

What Can You Trade with FairMarkets?

Tradable instruments at FairMarkets include the following assets:

  • 30 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example EUR/USD, which reflects the value of the euro measured in dollars.
  • 9 Index CFDs. An index is a basket of trading instruments that is used to gauge a market sector, stocks within an exchange or the economy of a country.
  • 4 Commodity CFDs. Commodities are raw products, such as gold and oil.
  • 3 Cryptocurrency CFDs. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.

Below is a sampling of instruments across the various asset classes.

Forex Commodity CFDs
EUR/USD | CAD/CHF | AUD/SGD Gold | Silver | WTI Oil
Index CFDs Cryptocurrency CFDs
Dax 40 | Dow 30 | Nasdaq 100 Bitcoin | Ethereum | Litecoin

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

High Risk Investment Warning: Trading Foreign exchange (forex), CFDs and commodities on margin carries levels of high risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The information provided by FairMarkets to you is of a general nature and does not take into account your personal circumstances and financial objectives. Before deciding to trade Foreign exchange, CFDs and commodities, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange, CFDs and commodity trading, and seek advice from an independent financial advisor if you have any doubts.

Customer Support

3.3
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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FairMarkets offers 24/5 support across phone and email. We experienced slow response times during our tests but were offered personalised support.

We tested FairMarkets via the available support channels (phone and email). Responses via email took a couple of days. We were unable to get support via phone, but a representative responded via email offering direct support.

The representative was helpful and courteous. There is no chat support, which is typically the most practical solution for traders seeking help. For FairMarkets Australia, support is only available in English, but FairMarkets International can assist clients in 9 languages.

Deposit and Withdrawal

4.7
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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Deposits and withdrawals at FairMarkets are faster than the industry average with no fees. Popular methods such as credit card, digital wallet and bank wire are available.

The base currency is the currency in which your account is denominated. FairMarlets offers 4 base currencies which you can use to open an account: EUR, USD, GBP and AUD.

FairMarkets Deposits

Deposits are free and can be made via credit card, digital wallet or bank transfer.

Deposit Method Base Currencies Commission Processing Time
Visa EUR, USD, GBP, AUD 0% Immediate
Mastercard EUR, USD, GBP, AUD 0% Immediate
Skrill EUR, USD, GBP, AUD 0% Immediate
Neteller EUR, USD, GBP, AUD 0% Immediate
Bank Wire EUR, USD, GBP, AUD 0% Immediate

FairMarkets Withdrawals

Withdrawals are also free at GKFX including withdrawals via bank wire. Here are the available

withdrawal methods and the time it takes for them to be processed:

Withdrawal Method Base Currencies Commission Processing Time
Visa EUR, USD, GBP, AUD 0% 2-3 working days
Mastercard EUR, USD, GBP, AUD 0% 2-3 working days
Bank Wire EUR, USD, GBP, AUD 0% 2-3 working days*

*Keep in mind that for withdrawals via bank transfer, it may take a couple of additional days for the bank to process it before the funds appear in your account.

Account Types and Terms

4.1
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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The account opening process at GKFX is fully digital and can be done within 30 minutes. No minimum deposit is required.

FairMarkets Account Opening Process

FairMarkets Application
FairMarkets Application

Opening an account at FairMarkets is seamless but features a rather lengthy questionnaire for the Australian entity. Clients start out by entering their name, country of residence, email, phone and create a password. Next individuals can choose whether they want to open a demo or live account. Users then choose between MetaTrader 4 or 5, select their account type (Standard or Aussie Premium) and base currency (EUR, USD, GBP, AUD). Another password must be created for MetaTrader.

During the Regulatory Assessment questionnaire prospective clients must provide information relating to the following:

  • Country of residence.
  • Scope of trading activities.
  • Net assets.
  • Gross income.
  • Size of financial instrument portfolio.
  • CFD transactions of significant size.
  • Work experience.
  • Education level.
  • Questions relating to leverage and margin.
  • Length of trading experience.
  • Level of trading activity.

The Know Your Customer (KYC) questionnaire aims to ensure that brokers understand the risk tolerance, investment knowledge, and financial position of prospective clients. For the KYC section, individuals must provide the following information:

  • Name and address.
  • Residence and nationality.
  • National Identification Number (National ID).
  • Employment status, position and annual income.
  • Total assets, liquid assets, origin of assets.
  • Trading objective (speculation, hedging, capital gains etc.)

Finally, prospective customers must provide proof of identity by uploading a copy of documents such as passport, national ID card or driver’s licence. In addition, proof of address must be provided using documents such as driver’s licence, national ID card, bank statement or utility bill.

What Account Types does FairMarkets Offer?

In the table below, we cover the key features of the 2 different account types: Standard and Aussie Premium.

Feature Standard Account Aussie Premium
Minimum Deposit 0 0
Negative Balance Protection Yes Yes
Spreads Starting at 0.6 Starting at 0.0
Commissions No Yes
EA, algo allowed Yes Yes
Trader Profile Beginner Professionals focused on FX pairs of AUD crosses, Brent and WTI, gold and silver, and ASX 200 index.

FairMarkets International offers 4 account types: Standard Fixed, Standard Variable, VIP Variable and Raw Zero.

The table below compares the main features of these account types.

Feature Standard Fixed Standard Variable VIP Raw Zero
Typical Spreads From 1.8 From 1.2 From 0.6 From 0.0
Commissions None None None $10/lot
Base Currency USD EUR, USD, GBP USD USD
Max. Leverage Up to 1000:1 Up to 1000:1 Up to 1000:1 Up to 1000:1
Platforms MT4, WebTrader, MT5 MT4, WebTrader, MT5 MT4, WebTrader, MT5 MT4, WebTrader, MT5
FX Pairs 43 47 47 41
Min. Deposit $0 $0 $5.000 deposit $0

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

Both Standard and Aussie Prime accounts offer a maximum of 1:30 leverage.This means that with an account of $1,000, you can control up to $30,000 worth of positions in the market.

Leverage is often described as a ‘double-edged sword’ because it can amplify both your profits and losses. Leveraged trading comes with a high level of risk and can often result in significant losses.

FairMarkets Demo Accounts

FairMarkets offers a free demo trading account, which expires after 30 days. This is especially important for beginners as it enables them to practice their strategies and get comfortable with the trading platform without risking any real money. Both Standard and Aussie Premium demo accounts are available using either MetaTrader 4 or MetaTrader 5.

The demo account features live quotes and simulates live market conditions in all the markets offered by FairMarkets, such as forex and CFDs on commodities, indices and cryptocurrencies. Once you have got up to speed on a demo account, you can easily switch over to a live account.

Islamic Accounts

FairMarkets does not currently offer swap free Islamic accounts.

FairMarkets Supported Countries

FairMarkets Australia (FairMarkets Trading Pty. Ltd.) supports clients from Australia. FairMarkets International (GK Trade International Ltd.) accepts clients globally. Like most CFD brokers, FairMarkets does not accept clients from the United States or from FATF (Financial Action Task Force) blacklisted countries North Korea and Iran.

High Risk Investment Warning: Trading Foreign exchange (forex), CFDs and commodities on margin carries levels of high risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The information provided by FairMarkets to you is of a general nature and does not take into account your personal circumstances and financial objectives. Before deciding to trade Foreign exchange, CFDs and commodities, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange, CFDs and commodity trading, and seek advice from an independent financial advisor if you have any doubts.

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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FairMarkets offers third party research from Trading Central but has no in-house coverage.

Trading Central combines award-winning automated investment analytics and analyst research.

Popular features include:

  • Alpha Generation. A pack of three indicators that represent market psychology and assist with identifying new trade opportunities and potential entry/exit points.
  • Analyst Views. Offers directional guidance in real time based on the analysis from industry experts.
  • Adaptive Candlesticks. Scans for sixteen classic candlestick patterns, instantly on any chart.
  • Adaptive Convergence Divergence (ADC). Provides signals based on components including price lines, indicators and oscillators.

Trading Central offers materials useful to both beginners and experienced traders, ranging from basic market commentary to advanced technical tools.

Education

0.6
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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FairMarkets does not currently offer any educational materials.

The Bottom Line

FairMarkets (FairMarkets Trading Pty. Ltd.) can cater well to specialised traders in Australia with competitive fees and advanced tools. Clients also have the reassurance of the robust regulatory protections guaranteed by ASIC. An improvement in customer service and the inclusion of educational materials would help to round out the offering of this forex and CFD broker.

FAQ

Where is FairMarkets based?
FairMarkets (FairMarkets Trading Pty. Ltd.) is based in Sydney, Australia. The International entity of FairMarkets (GK Trade International Ltd.) is based in Mauritius.

Is FairMarkets safe?
FairMarkets (FairMarkets Trading Pty. Ltd.) is regulated by ASIC which mandates a range of protections. FairMarkets International is regulated offshore and offers few regulator mandated protections. However, FairMarkets International insures client accounts up to $500,000.

How does FairMarkets make money?
FairMarkets makes money mostly through spreads, commissions and swap fees.

Is FairMarkets good for beginners?
FairMarkets uses the MetaTrader platform which is not the most intuitive platform available. There is no education section and customer service is limited, so we judged that FairMarkets is not an ideal broker for complete beginners.

How do I deposit in an FairMarkets account?
Deposits can be made via credit card (Visa or Mastercard), digital wallet (Skrill or Neteller) or by bank transfer.

What is the min. deposit for FairMarkets?
The minimum deposit is $0.

How do I withdraw money from FairMarkets?
Withdrawals can be made via credit card (Visa or Mastercard) or by bank transfer.

How long does it take to withdraw money from FairMarkets ?
Withdrawals typically take 2-3 business days to process.

What is the max leverage in FairMarkets ?
The maximum leverage is 1:30.

How do I open an account with FairMarkets ?
Accounts can be opened via the company website within about 30 minutes.

What platforms does FairMarkets offer?
FairMarkets offers the MetaTrader 4 and MetaTrader 5 platforms.

Does FairMarkets offer a demo account?
Yes, FairMarkets offers a demo account, valid for 30 days.

broker

High Risk Investment Warning: Trading Foreign exchange (forex), CFDs and commodities on margin carries levels of high risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The information provided by FairMarkets to you is of a general nature and does not take into account your personal circumstances and financial objectives. Before deciding to trade Foreign exchange, CFDs and commodities, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all risks associated with foreign exchange, CFDs and commodity trading, and seek advice from an independent financial advisor if you have any doubts.

See FairMarkets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Australia
Foundation Year
2012
Regulations
ASIC (Australia), FSC (Mauritius)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
STP, Dealing Desk, Market Maker
Trading platforms
MT4, MT5
Restricted Countries
Turkey, Japan, United Kingdom, North Korea, Nicaragua, Indonesia, Iran, Iraq, Somalia, Yemen, Uganda, Syria, Mauritius, Virgin Islands, British, Libya, Myanmar, Pakistan, Sudan, Burundi, Zimbabwe, Canada, Cuba
Max Leverage
1:30 (ASIC), 1:3500 (FSC)
Deposit Options
Wire Transfer, Credit Card, Neteller, Cash-U
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller
Time to Withdrawal
2
Products (CFD)
Currencies, Commodities, Indices, Futures, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No

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