Forex CurrencyFair Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.8

Average

CurrencyFair is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.0

Business 6.3

Risk Control 6.6

Software 7.3

Regulatory 6.8

Terminal Snapshot

CurrencyFair Trading Conditions

Registered Region Australia

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number +353015268411

Website www.currencyfair.com

Balanced Review

Pros & Cons

Pros

Regulated by ASIC and Central Bank of Ireland
Diverse range of trading instruments including Forex and cryptocurrencies
Competitive flat fee of €3 per transfer
Access to multiple platforms: web, mobile app, and marketplace
Robust customer support via email, live chat, and phone

Cons

Limited currency options (only 20 available)
Only bank transfer allowed for fund deposits
Transfer processing times can be lengthy
No cash withdrawal options available
Hidden fees in exchange rate margins

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	CurrencyFair	DBG Markets	IC Markets Global	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.8/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does CurrencyFair Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Personal Account	Individuals sending money abroad	Low transfer fees, access to multiple currencies	Ideal for personal money transfers
Business Account	Businesses engaged in international transactions	Multi-user access, competitive exchange rates	Suitable for corporate clients

Account Opening Process

To open an account with CurrencyFair, users need to follow these steps: First, submit personal information along with employment and financial details. A verification process will require identity confirmation through valid ID and proof of address. Clients have the flexibility to upgrade their accounts to a professional status as their trading experience grows.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	€3 (fixed fee per transfer)	Competitive rates on major currencies
CFDs (Stocks, Indices, Commodities)	Varies	€3 (fixed fee per transfer)	Fees apply per transaction
Cryptocurrencies	Varies	€3 (fixed fee per transfer)	Market-driven pricing

Other Fees

CurrencyFair may impose various fees, including deposit and withdrawal charges, inactivity fees, and platform usage fees. Additionally, overnight interest (swap rates) may apply, alongside currency conversion fees, depending on the service used.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

CurrencyFair is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

CurrencyFair User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Wayne D

Sydney

★ ★ ★ ★ ★

Easy to use, took a little longer than I thought but rates made it worth it. Like the service and communication.

Marian Foulger

Dublin

★ ★ ★ ★ ★

I’ve used CurrencyFair for many years and over time the speed of transaction has improved so that my bank overseas receives the money immediately. This makes me happy! I know I can rely on CurrencyFair to implement my transactions efficiently.

Dominique S

Melbourne

★ ★ ★ ★ ★

Can’t be trusted anymore – still holding my money after 6 months. Not sure what’s happening and if we’ll see our money again! Don’t use them.

Aughrim 12

Brisbane

★ ★ ★ ★ ★

Money stuck in CurrencyFair’s account – they are not responding nor have they returned my money. Not acceptable and they haven’t explained why!

Australia Market