FAIR MARKETS- Overview of Minimum Deposit, Spreads & Leverage

Who is Fair Markets？

FairMarkets is an ASIC licensed (License No.424122) liquidity providers for over-the-counter derivatives, headquartered in Sydney, Australia. The financial products offered by FairMarkets are Forex currency paire, Crypto currency (just three on offer, which are BTCUSD, ETHUSDm, and LTCUSD), Metal, indices and Energies.

Minimum Deposit & Leverage

There are two types of accounts on offer, namely Pro Account and Elite Account. Besides, the demo account are also available.The pro account requires a minimum deposit of $500, while the elite account requires an incredibly high deposits of $25,000. Leverage for currency pair are 1:30, 1:2 for crypto, 1:20 for XAUUSD, 1:10 for XAGUSD, 1:20 for indices, and 1:10 for energy.

Spreads & Commission

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.

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.