Faire Forex is a typical SCAM project: testimonials from real clients!
The founders of the brand Faire Forex colorfully describe their product, presenting it in the best light. They position their firm as the most honest broker in the world market. To confirm such a high rank, the Faire Forex company is obliged to comply with the basic international rules. Today we will check by whom and how the brokerage house is regulated, whether its loud statements can be trusted. A practicing trader will learn the whole truth about an exchange intermediary, after which he will be able to make an informed decision about cooperation with him.
What makes a brokerage company different?
The office operates through a stylish website that includes design. On its pages you can read about the key advantages of the project, a wide range of financial assets and other important nuances. The client is offered to use numerous tools for making money in the world markets. The official site of Faire Forex describes numerous merits, but the check showed that the domain name was registered in December last year. Thus, the company has been operating for only a few months and cannot boast of rich experience at all. There is a possibility that this is a typical scam project, which is covered by intermediary activities.
On the pages of the brokerage site you can read about the world leadership and expansion of services for 15 years. Naturally, this statement is not at all true and cannot be taken for granted. The company positions itself as a successful brand that specializes in trading and provides an opportunity to earn on the growth or fall of rates. Wishing to attract new clients, Faire Forex describes the important aspects of his professional activity:
- A high-quality trading platform that allows you to carry out any speculative trades. The brokerage company talks about the Metatrader 4 system, presenting it as an innovative development. In fact, this program has been used by market players for a long time and is not at all unique. The terminal is in the public domain, and therefore literally every creator of a SCAM project can download it.
- Maximum level of protection. The exchange intermediary takes care of the safety of funds. He recommends that his clients work with minimal risk, making small bets and carefully analyzing global markets. Experts advise you to carefully select the leverage in accordance with your potential.
- Caring for Intellectual Property. The company makes sure that its materials are not used for criminal purposes. It focuses on the protection of legal rights.
- The trader has over 1500 instruments at his disposal. Among them are currency pairs, stock indices, cryptographic coins, precious metals, energy resources and stocks. There is an opportunity to diversify the invested capital.
The company is actively working to attract clients, but instead of real brokerage services, it provides the illusion of market trading. The founders of the project brazenly lie about their professional experience, naming the wrong date of creation. They strive to look like more experienced and advanced specialists who provide quick earnings on the price difference. In reality, this company has been operating for only a few months and cannot be considered one of the industry leaders. This is precisely the global deception of market players. A practicing trader should be wary of firms that provide false information.
| Foundation date | 2021 |
| Adjustment | none |
| Financial Instruments | more than 1,500 |
| Terminal | Metatrader 4 |
| Training | Trading Academy |
| Starting threshold | $100 |
Market trading with Faire Forex
The brokerage site contains extremely little useful information. For the most part, it is filled with empty promises and loud phrases that are not supported by anything. The company talks about the wide range of products and the excellent functionality of its platform without providing any regulatory documents.
She describes several options for cooperation that may be of interest to potential customers:
- Standard is the base rate, which provides for a fee of $100 or more. The trader gets spreads from 1 pip.
- Raw Spread – allows you to trade with a smaller spread, which is only 0.2 pips. At the same time, commission deductions of $6 per lot are provided. The starting entry threshold is $100.
- Pro – tariff for professional market players. The minimum deposit is $10,000. Spreads start at 0.2 pips and commission is $5 per lot.
The exchange intermediary seeks to attract different groups of clients, and therefore he posts information about a possible transition to Islamic account. This tariff does not provide for a fee for transferring positions to the next day, it provides comfortable trading conditions that comply with Sharia law. Margin trading is available at a ratio of 1:400. The company talks about favorable trading conditions, but how does trading on faireforex.com actually work? Reviews will help to sensibly assess the situation, determine the prospects for cooperation with the brand.
Will it be possible to make money with the brand?
Today we reviewed a relatively young project that is trying to pass itself off as a reliable and decent broker. The audit showed that the office has been operating on the world market for only a few months, but credits itself with years of trading experience. A trader should stay away from brands like Faire Forex. There are currently no reviews, which is not surprising, given the short period of work. The company is not at all popular, many practicing traders prefer to bypass it. Trading on fairforex.com will only bring losses and disappointment.
