I like it spelled
Fay.
Fae is fine.
Faye always looked odd to me. I know a
Faye who is over 60 and a
Faye who would be around 10 years old. I also know a 7 year old
Fae. I think it's pretty, it makes me think of fairies. A very feminine name. I think it has a very soft, appealing sound.