Fair Forex Broker Review

Fair Forex Broker Review – Is FairForexFX.com A Brazen Forex Scam?

The company claims to be the “fairest broker” on the market. They must, however, adhere to some basic authority rules to do so. Clients should be able to withdraw their funds from a broker if it is regulated, located in an approachable country, and allows withdrawals.

Check out our review to determine if a Fair Forex broker meets these terms. You can also read our recently updated scam broker reviews for BitFargo, EuroTrades, and Axiance. There is a danger to your funds with them!

1. Offshore Broker Status: Unregulated
2. Licensed by: Unlicensed Scam Broker
3. Websites of scammers: FairForexFX.com
4. Forex Trading Scam: Active
5. Scam listed by: N/A
6. Owner of the broker: Fair Forex Limited
7. Country of headquarters: Saint Vincent and the Grenadines
8. Year of foundation: 2019
9. Platforms for online trading: MT4, MT5
10. Trading on the go: Available
11. There is a $50 minimum deposit.
12. No Deposit Bonus: Not available with this broker
13. (36 cryptos are available): BTC, XRP, ETH
14. The following assets are available to trade: Forex (F.X.), Indices, Commodities, Cryptocurrencies, Stocks, etc.
15. Leverage maximum: 1:500
16. Accounts for Muslims are available.
17. Demo Account: Yes, for free
18. Accepts U.S. clients: U.S. traders are welcome.
19. Fraud Protection Experts’ Verdict: Avoid this Scam Broker!

Is Fair Forex Safe? – The Importance of Broker Regulation

Brokers must have a trading license, as previously mentioned. As a result, we have decided to check whether Fair Forex is regulated and by whom. by whom. It automatically means the company is unregulated since its official owner is Fair Forex Limited from Saint Vincent and the Grenadines.

Financial companies in this offshore country are registered by the FSA and are directed to opt for regulation in the country where their services are offered. Also an offshore country, Vanuatu has another entity for the company.

What’s Wrong With Fair Forex License?

Additionally, we checked Tier1 regulators and found no indication that company regulation comes from SVG. You’re also dealing with an unregulated offshore brokerage in Vanuatu.

You have no guarantee of your money when you deal with unregulated companies. In addition, if you feel you were illegitimately cheated by OMC Markets, FINSA Investment Limited, or Blackrock scam brokers, we might be able to assist you.

Negative Fair Forex Reviews – The Truth About Forex Broker

We’ve seen something you don’t often see when searching for Fair Forex reviews. Trustpilot’s score of 4.2 stars is fantastic. Because some brokers buy reviews, we decided to check what traders had to say about FairForexFX.

There are many praises for Fair Forex. However, all of them come from the U.S., from accounts that have submitted this one review. Is it likely that all of your thoughts come from the same country if you’re an international broker?

There are also U.K.-registered accounts claiming to be U.S. traders. What Fair Forex is doing or if this is another attempt at persuading U.S. clients to invest is not clear, but when something seems too good to be true, it usually is.

Fair Forex Affiliate Program – Echoes of MLM Scam

It is not uncommon for you to be asked to bring friends or family members in exchange for a certain percentage. To attract new clients, the company uses multi-level marketing or Ponzi schemes. If someone you bring loses in a Ponzi scheme, you will receive money. 

Avoid illicit brokers, and don’t fall for the Fair Forex trading scam.

Scammed By a Fair Forex Broker? – We Know What to Do!

Is Fair Forex or a similar bogus broker scamming you? Let us know. In response to Fair Forex scam complaints, Global Fraud Protection found a way to assist these victims.

Contact our professionals for a free chargeback consultation and let us assist you.