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Fair Forex

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Operating status: SCAM

Website: https://fairforex.com/

Broker violations and abnormal records
  • 2023-01-02 BrokersView has found that Fair Forex is not working

    BrokersView found the domain "https://fairforex.com/" is  not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://fairforex.com/" is  not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

I wonder if Fair Forex is regulated?

Ryan
Honduras
2023-07-12
ANSWER Fair Forex is not a regulated broker whose website is currently inaccessible.According to our records, Fair Forex's website has been down since January this year, suggesting significant issues with its reliability and resources. Generally speaking, a well-functioning website is essential for a broker in displaying important information and facilitating trading. Furthermore, a lot of cases have indicated that fraudsters often abscond with their clients' funds after shutting down their websites.In addition, we have received complaints from Fair Forex users about its unethical, poor practices, further revealing this platform's fraudulent nature.Regarding your question, Fair Forex is not regulated because there isn't anything to support its legitimacy. We strongly suggest you avoid Fair Forex and instead choose a fully regulated broker to mitigate risks and protect your interests.
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3 comments

Hogan
When transferring money to Fair Forex using Bitcoin, Fair Forex gives you their address and QR code to scan. I scanned the code with my BTC wallet. My wallet stated and showed the transaction approved and completed. However, my Fair Forex account did not show the deposit. I waited days to give it some time, still nothing. I contacted them about the issue. They stated I should have taken a picture of the transaction and sent it to them. I sent the pics of the transaction, the date, the time, the address the money was sent from and the amount. After I sent them the info they requested; They said they could not find the money and the money amount I sent them could have changed due to ‘fees’... I have never heard of this. Also, no other broker has ever asked for pics of sending money, especially when the broker is giving you the actual address to send the money (scan code). It makes no sense. Any how they can’t find the money sent for some odd reason. So it’s supposedly lost in cyber space. Seems a bit shaky to me.
2023-03-02
Reply
Md Arif Hossain
They closed my account without notifying me. I work in banking so it's hard for me to understand how you can legally close my account and take my funds within it with any notification whatsoever.
2023-02-25
Reply
Sharad Kumar Mukim
First and formost, their fees are outrageous. They even have swap fees. The minimum deposit is $50, and guess what? their minimum withdrawal is $50 too, so if you lose you are out of luck, let's say you deposit $50 and lose $5 trading and try to withdraw the $45 you cant. you call this broker Fair? Also I noticed the spread differed always from 2 points to whatever the graph says. This 2 points are not just pips but the money they are getting something extra. They are always getting an extra 2 points per trade. I would not recommend this broker at all. Having a minimum withdrawal is a cash trap even more if it matches the minimum deposit. Stay away!!!!
2022-12-30
Reply
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