FairMarkets Review 2024


2.5 / 5
FairMarkets is #108 in our CFD broker rankings.

FairMarkets is a multi-regulated trading broker with MT4 and MT5. Low fees, flexible leverage and analysis from Trading Central make it a solid all-round broker.

$0
MT4, MT5, TradingCentral
CFDs, Stocks, Forex, Commodities, Indices, Cryptocurrencies
-
USD, AUD
Debit Card, Credit Card, Visa, Mastercard, Skrill, Wire Transfer

Forex Trading

Trade popular currency pairs with tight spreads and competitive commissions.

Stock Trading

Speculate on major global companies via stocks or trade index CFDs.

CFD Trading

Use leveraged CFDs to go long or short on a range of financial markets with low fees.

Crypto Trading

Trade Bitcoin and other key cryptos against the USD with 1:2 leverage.

✓ Pros

  • Demo account
  • MT4 integration
  • Low minimum deposit
  • Good execution speed
  • Full range of investments

✗ Cons

  • No copy trading

FairMarkets is an Aussie-headquartered forex and CFD broker, regulated by the ASIC and FSC. The brand offers multi-asset trading opportunities on the MT4 and MT5 platforms, with access to a MetaTrader booster pack and Trading Central analysis. Spreads also start from 0.0 pips and there is no minimum deposit, making the firm popular with beginners.

This 2024 FairMarkets review will cover account options, platform features, fees, payment methods, and more. Find out if our experts recommend trading with FairMarkets.

Company Details

FairMarkets was established in 2012 and is based in Sydney, Australia. The broker was formed following an acquisition by Trive Investment B.V, an organization based in the Netherlands which owns multiple fintech companies.

FairMarkets operates through two key entities:

FairMarkets aims to provide a secure, fair and transparent environment for retail investors. 500+ instruments are available spanning forex, commodities, stocks, indices, and cryptocurrencies.

Users also benefit from execution speeds under 0.1 seconds while a range of payment methods are supported, including bank cards and e-wallets.

Platforms

FairMarkets offers two award-winning platforms; MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 and MT5 can be downloaded to either Windows, Mac, or Linux devices. Alternatively, you can use the terminals directly through all major web browsers.

The industry-recognized terminals offer a breadth of technical analysis features, custom graphs and charts, instant and pending orders, plus automated trading tools.

MetaTrader 4 is the better fit for beginners while MetaTrader 5 offers a wider range of analysis tools and order types for experienced investors.

FairMarkets review
MetaTrader 4

MetaTrader 4

MetaTrader 5

How To Place A Trade

  1. Download and open the MT4 or MT5 platform. Alternatively, log in via the WebTrader
  2. Select the asset you wish to trade using the drop-down menu or search bar
  3. Click on ‘new order’; the icon is located second from the left in the top navigation bar
  4. A ‘new order’ screen will then pop out. You can also execute trades directly from the chart
  5. Enter the trade details including order type (pending or instant), volume, and risk management parameters (take profit and stop loss)
  6. Select ‘buy’ or ‘sell’
  7. Confirm the order
Trading on FairMarkets
How To Place A Trade

Assets & Markets

FairMarkets offers 500+ global instruments:

Spreads & Fees

There are no fees to open a new account or charges for inactivity. Swap fees apply for positions held overnight.

FairMarkets also hosts a ‘Market Information’ sheet on its website with details of average spreads and trading conditions by instrument.

Leverage Review

FairMarkets Mobile Trading

Our experts found that FairMarkets does not currently offer a proprietary mobile app. This is a disadvantage versus competitors, many of whom offer their own copy trading solutions and forex apps.

Nonetheless, both MT4 and MT5 can be used on mobile devices, available on iOS and Android. You can manage your account, open and close positions, and customize charts while on the go. Set alerts and notifications to stay in the loop of market movers.

FairMarkets broker review
Mobile App

Payment Methods

Deposits

There is no minimum deposit required to get started with FairMarkets.

You can fund live accounts via credit/debit cards (Visa or Mastercard), bank wire transfers, Neteller, or Skrill. E-wallet and card payments typically support instant funding.

FairMarkets does not charge any deposit fees, but there may be third-party charges. Exchange rate fees may also apply if you are depositing in a currency other than your account base currency.

To make a deposit:

  1. Login to your account with the login credentials provided when you sign up
  2. Select the ‘Funds’ tab
  3. Select the account you want to add money to
  4. Choose the deposit method
  5. Enter the amount and complete the payment

Withdrawals

Profits can be withdrawn from your account balance using the original deposit method. However, you must verify your FairMarkets account before funds can be withdrawn.

The broker processes requests daily but the time taken for funds to be received will vary by payment method.

There are no withdrawal fees.

Demo Account

A free demo account is available to prospective traders. Practice trading forex and CFDs risk-free with up to $100,000 in virtual funds.

When we tested the FairMarkets paper profile, we were offered the MT5 terminal, however we could open a separate MT4 account once we registered. A simple online registration form is required and it took us less than 1 minute to apply.

Bonuses & Promotions

Regulation & Licensing

Additional Features

Education

Educational content at FairMarkets is fairly limited, with no in-built learning academy often provided by competitors. Nonetheless, the broker does offer free e-books, prepared by industry experts which can be downloaded as PDFs straight to your desktop device.

For beginners, our experts recommend downloading the ’Basics of Trading’ e-book which has trade examples, step-by-step guidance on opening a position, and keyword definitions. For more advanced investors, consider the ’Building Strategies’ or ’Pivot Points’ e-books.

Alternatively, FairMarkets occasionally runs online webinar courses. Live content offers strategy ideas, projections for the forex and commodity markets, analysis of major economic events, plus Q&A sessions with experts. You can register for the broker’s webinars on their official website. If you cannot attend, you can also watch them on YouTube.

MetaTrader Booster Pack

An interesting tool pack is also offered by FairMarkets. The kit offers nine add-ons that can be integrated into your MT4 and MT5 platforms.

These features can be downloaded via the ‘Tools’ tab in the client portal. Simply follow the download instructions and restart your MetaTrader platform to get started.

Note, the package is only available to retail clients who deposit a minimum of $1,000.

Trading Central

FairMarkets customers also benefit from access to Trading Central. The leading provider of real-time research is a one-stop solution to support investment decisions. Access advanced analysis with easy-to-understand market data for better-informed decisions, view trading signals, and use automated investment tools including EAs.

Note that while Trading Central is available to all retail clients, with no minimum deposit requirement, you will need approval from the broker’s customer support team to get started.

FairMarkets also offers some useful calculators; a margin calculator, a profit calculator, and a currency converter. An economic calendar is also available with details of major news and significant dates.

FairMarkets trading tools
Economic Calendar

FairMarkets Accounts

How To Open A FairMarkets Account

When we used FairMarkets, we were pleased with how quick and easy it was to register for a new account:

  1. Select ‘Open Account’ found on the top right of each webpage (click either live or demo account from the dropdown)
  2. Complete the online registration form
  3. Select a live account within the client area (Aussie Premium or Standard)
  4. Verify your profile (this must be done before making a withdrawal)
  5. Make a deposit
  6. Start trading

The client portal is user-friendly. You can toggle between demo and live profiles, view deposit and withdrawal transactions and compare the available tools.

Benefits

While using FairMarkets, our experts found several benefits to registering for a live account:

Drawbacks

Our review also found several drawbacks to signing up with FairMarkets vs the competition:

Trading Hours

Trading hours vary by instrument. The forex market, for example, is available 24 hours per day between Sunday to Friday. The broker’s ‘Market Information’ sheets provide useful trading updates including public holidays.

Remember you may be liable for overnight swap fees if you hold positions into the next day. The rollover time is at the end of the trading day in New York. All positions left open between 21:59:45 and 21:59:59 GMT will be rolled over to the following day.

Customer Support

Customer support is available 24/5. This includes via telephone, email, and an online contact form. The live chat service is available during business hours; Monday to Friday, 9 AM – 7 PM (AEST).

A comprehensive FAQ section is also available on the broker’s website. Questions are sorted by category including accounts, platforms, payments, and trading.

Security & Safety

FairMarkets uses industry-standard encryption technology to process client data. The broker’s payment portals also use well-known security protocols. In addition, users can activate two-factor authentication on the MetaTrader platforms.

FairMarkets Verdict

FairMarkets is a multi-asset broker offering 500+ instruments with no minimum deposit and spreads from 0.0 pips. The choice of trading accounts alongside access to useful extras like Trading Central and the MetaTrader booster pack, also means that FairMarkets is set up to meet the needs of both beginners and experienced traders.

FAQs

Does FairMarkets Have A Minimum Deposit Requirement?

There is no minimum deposit requirement to open a FairMarkets account. This makes the online broker a popular option for beginners and those on a budget.

What Trading Platforms Does FairMarkets Offer?

FairMarkets provides trading through MetaTrader 4 and MetaTrader 5. Both platforms can be downloaded to desktop devices or used via web trader terminals. The MT4 and MT5 platforms are also compatible with mobile devices.

Is FairMarkets A Good Broker?

FairMarkets is a legitimate online broker offering a stable and secure trading environment. It is good to see top-tier regulatory oversight, various analysis tools, and award-winning platforms. See our full review for our experts’ findings.

Does FairMarkets Offer A Demo Account?

Prospective traders can open a free demo account. Access up to $100,000 in virtual funds to practice trading risk-free. Register on the broker’s website via the ’Open Account’ logo found on the top right of each webpage.

Is FairMarkets Regulated?

Yes. FairMarkets Trading Pty Ltd is regulated by the Australian Securities and Investment Commission (ASIC). FairMarkets International Ltd is regulated by the Mauritius Financial Services Commission (FSC).

Top 3 Alternatives to FairMarkets

Compare FairMarkets with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  3. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone

FairMarkets Comparison Table

Compare FairMarkets With Similar Brokers
FairMarkets AvaTrade IG Pepperstone
Rating 2.5 4.9 4.4 4.8
Markets CFDs, Stocks, Forex, Commodities, Indices, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators ASIC, FSC ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Bonus
Education No Yes Yes Yes
Platforms MT4, MT5, TradingCentral WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Leverage 1:30 (Aussie Retail), 1:500 (Aussie Pro), 1:1000 (Global) 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:250 (Pro) 1:30 (Retail), 1:500 (Pro)
Payment Methods 6 13 6 11
Visit Visit Visit Visit Visit
Review AvaTrade
Review
IG
Review
Pepperstone
Review

Compare Trading Instruments

Compare the markets and instruments offered by FairMarkets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare FairMarkets Trading Instruments
FairMarkets AvaTrade IG Pepperstone
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No Yes No Yes
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes No
Warrants No No Yes No
Spreadbetting No Yes Yes Yes
Volatility Index No Yes Yes Yes

FairMarkets vs Other Brokers

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FairMarkets is a multi-regulated trading broker with MT4 and MT5. Low fees, flexible leverage and analysis from Trading Central make it a solid all-round broker.