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FastOne -

Score

1.42 /10
Danger

FastOne

Mauritius

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://f1globex.com

Influence

C

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Comparison

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Score

Regulatory Index0.00

Business Index6.28

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 613381) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

FastOne · Company summary

General Information & Regulation

FastOne Global Financial Markets Limited (FastOne), Incorporated in 2013, is a Mauritius based broker, offering retail and professional customers around the globe with CFD Trading and related services. Although FastOne pretends to be licensed, the truth is that it does not fall under any regulatory agency, so it is unsafe to trade with it.

Market Instruments

Tradable instrument available on the FastOne platform is limited, only three kinds: indices, CFDs and Commodities. some popular trading assets like forex currency pairs, stocks, metals are not available.

Minimum Deposit

In terms of minimum initial deposit, FastOne does not make this part clear. In most cases, most brokers would requires an initial deposit of $100 or even less to start trading. Since FastOne is an unregulated broker, traders are not advised to register trading accounts here.

Leverage

Trading leverage is not mentioned on the FastOnes website. However, since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high trading leverage in case of fund losses.

Spreads & Commissions

In terms of spreads and commissions, FastOne does not make this part clear. Unregulated brokers always love to hide their real trading fees to scam traders.

Trading Platform Available

When it comes to trading platform available, what FastOne offers is the MT4 trading platform. MT4 is widely used by most brokers and traders worldwide, and it enables investors to automate their strategies with Expert advisor (EAs).

Deposit & Withdrawal

Traders can fund their accounts through SBI Mauritius, and MAUBANK, as well as Bank Transfer (available in GBP, USD,EUR, MUR). FastOne Claims that it typically processes deposits within 24 to 48 hours, and process withdrawal within 24 to 48 hours of receiving a valid request.

Customer Service

The FastOne customer support can be reached through telephone (+230 698 3426), as well as email: support@f1globex.com.

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SANMYINT
more than one year
WARNING! This company is a suspicious clone company. Do not invest with this company and check FCA first, please. Be aware please I am victim of these fraudsters and already report it to police and relevant authorities
WARNING! This company is a suspicious clone company. Do not invest with this company and check FCA first, please. Be aware please I am victim of these fraudsters and already report it to police and relevant authorities
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2022-12-12 14:44
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Jenny31520
more than one year
My demo account trading with Fastone goes quite well. Its customer support is quite helpful, always answering my questions patiently. Feeling good so far.
My demo account trading with Fastone goes quite well. Its customer support is quite helpful, always answering my questions patiently. Feeling good so far.
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2022-12-07 17:02
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