FairMarkets Review – Is Investing in Fair.markets Safe?
In today’s highly competitive and regulation-driven trading industry, traders must be cautious when choosing a broker. One name that has raised concern in recent times is FairMarkets International Ltd. This FairMarkets review dives into the details of their regulation, credibility, and the risks involved with trading on their platform.
About FairMarkets
Company Name – FairMarkets International Ltd.
Website – https://www.fair.markets/AU/
Address – Level 26, 1 Bligh St, Sydney NSW 2000
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Alleged Regulation and Licensing Concerns
FairMarkets claims to be regulated by the Mauritius Financial Services Commission (FSC) and the Australian Securities and Investments Commission (ASIC). However, upon close inspection, the ASIC license (000424122) they list appears to be cloned. According to official ASIC records, that license belongs to TRIVE Financial Services Australia Pty Ltd, not fair.markets. This raises a major red flag, indicating potential regulatory misrepresentation.
WikiFX, a third-party broker evaluation site, gives fair.markets a dangerously low score of 2.55/10. The number of complaints against the broker has increased significantly, with 20 complaints in just the past 3 months. These include issues like fund withdrawal delays, lack of customer support, and questionable trading practices.
Trustpilot & User Complaints
The TrustScore for fair.markets is just 1 out of 100, signaling serious trust issues among its users. Complaints mention:
- Delayed or denied fund withdrawals
- Unhelpful customer service
- Sudden account restrictions
- Misleading regulatory claims
This makes it crucial to look deeper before trusting this platform.
Key Drawbacks of FairMarkets
- Suspiciously cloned ASIC license
- No valid regulation under its name
- Numerous user complaints
- No swap-free (Islamic) accounts
- Potential scam risk due to fake licensing
While the company promotes itself as reliable and award-winning—claiming titles like “Most Reliable and Transparent Broker 2023-Global,”—there is no verifiable evidence of these awards on trusted third-party platforms.
Is FairMarkets Safe to Use?
Based on the available information and the cloned license issue, FairMarkets is not a safe platform for investors. Whether you’re a beginner or an experienced trader, putting your money into an unregulated or falsely regulated broker is highly risky. This fair.markets review urges traders to be extremely cautious.
FAQ
Q. Is FairMarkets regulated?
Not under its own name. The ASIC license they claim is cloned and belongs to another firm. The Mauritius regulation provides minimal protection.
Q. Why is the FairMarkets review concerning?
The review is based on verified user complaints, fake license usage, and a very low trust score, making the platform potentially unsafe.
Q. What should I do if I invested with FairMarkets and lost money?
Seek help from a professional fund recovery service immediately. The longer you wait, the harder it becomes to recover your funds.
Recover Your Funds with Scams Report
If you’ve lost money with FairMarkets or any other suspicious trading platform, help is available. Visit Scams Report – a trusted fund recovery resource dedicated to helping scam victims take legal action. Our experts can help you trace lost funds, dispute unauthorized transactions, and file complaints with financial regulators.
Don’t let scammers get away—contact now and start your recovery process today.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
