FastOne-Overview of Minimum Deposit, Spreads & Leverage

FastOne | 2021-11-19 18:00

एब्स्ट्रैक्ट：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.

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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