WikiFX Scam Alert: Clients Report Withdrawal Issues in Fair Forex

Here we found Fair Forex receives a collective complaints from its clients though they are not aggressive when marketing their expertise or service to prospective investors.

Fair Forex - Overview

Fair Forex has been in the business for a few years. RoboForex provides trading instruments across 5 assets classes including forex, commodities, indices, stocks and cryptocurrencies, via 4 different account types.

The platform was operated by Fair Forex (V) Ltd, which is regulated by the Vanuatu Financial Services Commission(VFSC) under company number 700478. The company claims to be one of the most reputable forex broker in the industry.

However, the broker is criticized for its withdrawal issues, and extra trading fees.

Clients Feedback

Fair Forex follows unethical practices and makes people suffer losses.

Some victims of Fair Forex have consistently reported the broker's malpractices on various channels.

An investor has been traded with Fair Forex for 3 months. He said the system closed all his opened trades on Fair Forex account and has held his withdrawals at 17h on the 14 of July 2022.

Back to last year, we see some clients revealed that they cannot withdraw their money, such as their Fair Forex accounts did not show their deposit or they will be told to pay a 20% fee when trying to withdrawal money.

The above images show that the company's objective is not to facilitate traders but to take money out of their pockets.

No broker can always keep up to 100% client satisfaction. Although customer feedback can tell quite a lot about an entity's affairs, it still partly reflects a broker's reputation.

Always be careful when dealing with self-claimed reputable brokers, especially revolves in money issues.