Score

1.45 /10
Danger

Fastrading

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Regulatory disclosure

Warning

SG MAS
2023-05-22

Danger

MY SCM
2021-01-01

Broker Information

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Company Name

FasTrading

Company Abbreviation

Fastrading

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Fastrading · Company summary

General Information

The slogan of Fastrading is “Reliable, Simple, Innovative”. Fastrading presents itself as a Britain broker that provides its clients with supreme trading platforms and a range of trading assets, such as forex and CFDs on shares, commodities, cryptocurrencies and indices. It also hypes that it offers up to 400:1 leverage, a choice of six account types and 24×6 professional customer support services.

Market Instruments

Fastrading advertises that it offers various trading instruments, including CFDs on shares, indices, commodities, forex and cryptocurrencies, ETFs and Bonds.

Account Types

There are six live trading accounts offered by Fastrading, apart from demo accounts,namely Basic, Bronze, Silver, Gold, Platinum and Black. The minimum initial deposit to start a Basic account is $250, while the other four accounts require much higher initial capital, $1,000, $5,000, $10,000 and $25,000 respectively. The Black account is only for exclusive clents and more details need to contact account manager.

Leverage

In terms of trading leverage, the maximum level offered by Fastrading is quite generous, up to 400:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spread is significantly affected by what type of accounts you are holding. The Silver account with Silver spreads, the Gold account with Gold spreads, and the Platinum account with Platinum spreads. More specific information about spreads and commissions is not involved directly on Fastradings website.

Trading Platform Available

When it comes to trading platforms available,Fastrading gives traders three choices: WebTrader, Mobile Trading App and Tablet Trading App. Traders don‘t need to download WebTrader, instead, directly login and then trade. Mobile Trading App is also very easy to use and it offers trading tools, notifications, one-click navigation and charting options. By contrast, as Fastrading’s website says, all the great features such as one-click trading, fantastic reporting, intuitive navigation, setting up of alerts and notifications as well as all trading tools make up the Fastrading Tablet Trading app.

Deposit & Withdrawal

You can deposit via Credit/Debit Cards like Skrill and Neteller, Bank Wire and E-money. And you will get your withdrawal via the same method you originally made your deposit in. The minimum Fastrading expects is $250. However, sometimes it runs promotions that allows new traders to deposit less than $250. While the minimum withdrawal amount for bank wire is 100 and for all other payment methods is 50.

Customer Support

Fastradings customer support can be reached through telephone: +3726682422 (International), +442080687177 (United Kingdom), +97145734630 (UAE), email: support@fastrading.com, info@fastrading.com or live chat.

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鲍桐旭@声伯乐科技(天津)
more than one year
I have been trying to withdraw my funds and close my account since last year. A BIG load of BULL excuses from this company and now I cannot even log into the website? If anyone can help?
I have been trying to withdraw my funds and close my account since last year. A BIG load of BULL excuses from this company and now I cannot even log into the website? If anyone can help?
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2023-03-01 14:15
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