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Overview

FXFair Company entered the market of brokerage services in 2013, and in the same year it was awarded honorary degrees at Global Banking & Finance: "Best New ECN Broker South East Asia" and "Best STP Broker South East Asia".

The official site of the company is available in many foreign languages.

The company is interested in new customers, so it guarantees the first deposit Forex 100% bonus to traders, who are registered with it. There is a contest on demo accounts with impressive cash prizes for regular customers.

Few educational materials are present on the site, but novice traders can take advantage of demo accounts, where they may master trading on the foreign exchange market without risking their funds. They may also try out various popular trading strategies and Forex expert advisors.

Bonuses

Currently only one promotion is held on the site of FXFair, which is intended for new customers, and allows them to get the first deposit Forex bonus.

Welcome bonus from the company FXFair can be obtained by any new client, who will deposit his account in the amount not less than $100 within 48 hours after registration. Forex deposit bonus comprises 100%. Its minimum sum is $100, and the maximum sum is $10,000 in spite of the deposit. Bonus funds are accrued to the customer's account immediately after the replenishment of the account. They can not be used in the PAMM-system in order to invest in professional traders. Forex bonus becomes available for trading on the currency market as soon as it is credited to the account. Bonus can be removed from the account by the company if losses of the trader's own finances exceed 30%. The trader can unlock the bonus funds, i.e. make them withdrawable in case of active currency pair trading on Forex. It is necessary to close a trading volume, declared by the brokerage company, to make bonus funds withdrawable.

Calculation of the Forex bonus and trading volume, required for withdrawal of funds from the account:

- deposit is $100 - Forex bonus is $100 - trading volume is 10 lots

- deposit is $500 - Forex bonus is $500 - trading volume is 50 lots

- deposit is $1,000 - Forex bonus is $1,000 - trading volume is 100 lots

- deposit is $2,000 - Forex bonus is $2,000 - trading volume is 200 lots

- deposit is $3,000 - Forex bonus is $3,000 - trading volume is 300 lots

- deposit is $5,000 - Forex bonus is $5,000 - trading volume is 500 lots

- deposit is $7,000 - Forex bonus is $7,000 - trading volume is 700 lots

- deposit is $10,000 - Forex bonus is $10,000 - trading volume is 1,000 lots.

Brokerage company holds a monthly contest on demo accounts with a total prize pool of $6,000 for regular customers. The purpose of the contest is to earn the highest profit within one month. All contestants will receive the startup capital of $1,000 on their demo accounts. The leverage of 1:1,000 is established for trading on the Forex market in the framework of the contest. The minimum lot size is 0.1. At the end of the contest all open positions of contestants will be automatically closed, and employees of the company start determining winners. There are only 3 prize-winners in the contest, so three participants, who have earned the highest profits, will be declared winners, and they will receive the impressive Forex bonuses.

Distribution of Forex bonuses in the contest:

- the 1st place - $3,000

- the 2nd place - $2,000

- the 3rd place - $1,000.

Bonus funds are accrued to PAMM-accounts of winners. If winners do not have such accounts, they will have to open them. It is necessary to close the trading volume, determined by the broker, to make the Forex bonus, won in the contest, available for withdrawal from the account.

Trading volumes, required for the withdrawal of Forex bonuses:

- $3,000 - account Standard - 300 lots - account ECN 600 lots

- $2,000 - account Standard - 200 lots - account ECN 400 lots

- $1,000 - account Standard - 100 lots - account ECN 200 lots.

Training

Few educational materials about trading on the international Forex market are available on the site of FXFair.

Educational materials about currency trading on the Forex market:

- what is Meta Trader 4

- how to install Meta Trader 4

- how to set up Meta Trader 4 for trading on the currency market

- what is Expert Advisor

- what is leverage.

Video tutorials about Internet trading:

1. Trading platform Meta Trader 4

- installation of MT 4

- familiarization with MT 4

- setup of MT 4

- beginning of trading on MT 4.

2. Installation of Expert Advisor.

3. Operations with a demo account:

- opening of a demo account

- trading on a demo account.

Terms of trading

FXFair offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $1

- the leverage is from 1:1 to 1:1,000

- a lot of currency pairs, securities, gold, silver, futures

- fixed spreads are from 1.6 points

- floating spreads are from 0 points

- market swap

- scalping is available

- hedging is available.

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- wide range of embedded Forex indicators

- addition of new technical indicators

- elaboration, setup and installation of Forex expert advisors on MetaQuotes Language 4

- export and import of currency quotes

- chart printing.

Company FXFair offers traders two types of accounts for trading on the international Forex market:

- Standard

- ECN/STP.

Trading account Standard:

- the minimum deposit is $1

- the leverage is from 1:1 to 1:1,000

- fixed spread is from 1.6 points

- no commission

- no interest rate on idle funds

- stop out is 80%

- margin call is 120%.

Trading account ECN/STP:

- the minimum deposit is $1,000

- the leverage is from 1:1 to 1:100

- floating spread is from 0 points

- commission is $3.5 for the trading volume of $100,000

- annual interest rate on idle funds is 4.9%

- stop out is 50%

- margin call is 100%.

Forex indicators (recommended)

- Fisher

- TradeBreakOut

- Range Rider

- TzPivots

- Hull Moving Average.

Forex expert advisors (recommended)

- Spike Trader (an automated Forex expert advisor that operates effectively with Japanese candlesticks, giving it an opportunity to make profits on the currency market on bearish and bullish trends)

- FX Lightning (an automated Forex expert advisor that has various tools for trading on the foreign exchange market at its disposal, but it is primarily designed for scalping, as namely in this case it shows quite stable profit on transactions)

- Framework (an automated Forex expert advisor that can be called universal, as it uses several efficient technical indicators, and is able to make profit on any currency pair and in any time frame).

Investments

FXFair offers its customers to join the PAMM system, which allows successful traders, who can become managers, to earn on the Forex market. Investors who have decided to transfer their finances in trust management to professionals can also earn.

ThePAMM-system:

- operations with funds of an unlimited number of investors

- guarantee of commission payment

- automatic calculation of commission fees and their payment

- use of automated Forex expert advisors in trading

- trading with the help of any strategy, as well as using hedging and scalping.

Full monitoring of the account is available for investors, and in case of any unfavorable situation, they can always withdraw finances from trust management. Under favorable circumstances, investors pay a commission from the earned profits to the manager, and the remaining sum can be withdrawn from the account, or it can be transferred in trust management.

Unique features

Company FXFair offers traders to become its partner and earn on the foreign exchange market by attracting new customers or by investment carried out by the broker.

The affiliate program and its directions:

- Introducing Broker

- White Label

- Trading Talent.

Every trader can become an introducing broker, as the brokerage company provides all the necessary advertising materials to attract new customers, and, if necessary, conducts training. Partners receive commissions from trading volumes of referred clients on a regular basis. These commissions largely depend on the number of individuals whom they have attracted and their activity on the Forex market.

White Label is the particular direction that is designed for financial companies, which are interested in developing business in the field of brokerage services. The company provides partners with the necessary tools and materials for creation of their own brands and entering the market of brokerage services.

Trading Talent is the direction that is open for traders who constantly show good results while trading on the Forex market. Traders need to send their results of trading for several months to support service in order to become a partner in this direction. If financial analysts notice good potential in the trader after consideration of his results, they will contact him and offer a good portfolio, which the trader will have at his disposal for increasing profits.

Add/withdraw funds

FXFair offers customers the following methods for withdrawal of funds and depositing accounts: CashU, Web Money, Fasapay, JCB, Yandex Money, MasterCard, Visa and bank transfers.

Contacts

Company FXFair provides its traders with the comprehensive support by email: [email protected] (support), [email protected] (technical support), [email protected] (PAMM-accounts), [email protected] (Finance Department) and by international phone +44 20 7193 7938.

Cons and pros

+ the fast growing broker

+ the minimum deposit is $1

+ small spread

+ good leverage

+ Forex bonus for new clients

+ contest on demo accounts

- few learning materials about Internet trading

- few ways to fund an account.

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