FAIR LANE is a foreign exchange and contracts for difference (CFD) broker, whose official domain was registered on June 21, 2019. It primarily offers financial trading services in forex, precious metals, and CFDs to investors, with the company based in Phnom Penh, Cambodia. This broker does not provide services to jurisdictions where it might contravene local laws or regulations.
Enterprise Registration Information and Regulatory Status:
According to the public information on the official FAIR LANE website, its legal entity is Fair Lane Ltd, located at Building 36, St. 169, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia. This entity is authorized and regulated by the Securities and Exchange Commission of Cambodia (SERC).
However, clicking on the link to download the MT4 platform provided by this broker reveals that the service provider is Fair Lane International Ltd. After verification, there are no registration entities named Fair Lane International Ltd or Fair Lane Ltd listed with the Cambodian Commercial Registries or within the SERC's list of derivatives brokers. Furthermore, these two companies are not found in the official financial regulatory institutions of other jurisdictions. Therefore, it can be affirmed that FAIR LANE is an unregulated forex broker.
Account Opening:
To open an account with FAIR LANE: Visit the broker's official website, click on "Live Account" on the homepage or "Register New Account" in the upper right corner to enter the account registration page, fill in your personal information as required, and submit. In practice, after completing the personal information, the account registration form can't be submitted.
Account Types:
The FAIR LANE official website does not mention the types of accounts available to users, spreads, trading leverage, maximum/minimum trade volume, maximum position size, or trading commissions.
Trading Platform:
FAIR LANE provides users with the MT4 trading platform, with servers supplied by Fair Lane International Ltd.
Deposits and Withdrawals:
The FAIR LANE official website does not mention the supported methods for deposits and withdrawals, nor does it explain whether there are any associated fees.
Conclusion:
Traderknows reminds investors that FAIR LANE is an unregulated forex broker whose corporate entity's existence is uncertain. Traderknows advises investors to preferably choose brokers that are transparent in information, strongly regulated, and have a good reputation for investment trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Fraud' on Traderknows.
