General Information & Regulation
FairMarkets Trading Pty Ltd. is a company registered and regulated in Australia by ASIC (Australian Securities and Investment Commission) and holding AFS license number 424122 ACN 159166739, headquartered in Sydney, Australia.
Market Instruments
Tradable financial instruments offered by FairMarkets are Forex currency paire, Crypto currency (just three on offer, which are BTCUSD, ETHUSD, and LTCUSD), Metal, indices and Energies.
Minimum Deposit
There are two types of accounts on offer, the Pro Account and the Elite Account. The pro account requires a minimum deposit of $500, while the elite account requires an incredibly high deposits of $25,000.
FairMarkets Leverage
Trading leverage vary depends on various instuments. The maximum leverage for forex instruments is up to 1:30, 1:2 for crypto, 1:20 for XAUUSD, 1:10 for XAGUSD, 1:20 for indices, and 1:10 for energy.
Spreads & Commissions
The pro account has no added commissions and the average spread starting from 1 pip, for example EURUSD from 1.2 pips, EURGBP 1.3 pips, XAUUSD 1.1 pips. The average spread of elite account starting from 0.1 pips, EURGBP 0.3 pips, AUDUSD 0.2 pips, AUDCAD 0.6 pips, coming with a commission of $25 per million and due to the commission.
Trading Platform
FairMarkets offers investors the MetaTrader 5 Platform. Investor get access to financial markets on FairMarkets anywhere and anytime. The MT5 platform is also highly accessible with it being available as a desktop download, application for iOS and Android devices and even as a webtrader where investors can trade within their internet browser.
Deposits & Withdrawals
FairMarkets accepts investor fund their account via several popular methods, like Bank Wire Transfer, Visa Credit/Debit, MasterCard Credit/Debit, and Alipay. There is no detailed information on surrounding any fees so we cannot comment on that part.
