FastBrokers Review

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Company Overview

FastBrokers is an internationally renowned derivatives execution-only forex broker company. It is associated with numerous US Retail Foreign Exchange Dealers (RFEDs) and Futures Commission Merchants (FCMs), so it can provide its clients with fast order execution services and straight market access by a proprietary trading technology. It is a trading name of Fast Trading Services which is registered with the Commodity Trading Futures Commission (CFTC) and is a member of the National Futures Association (NFA).

Trading Platform

FastBrokers allows a unique and an award-winning trading platform named PathFinder Trader. It allows clients to trade with both manual and automated strategies. It provides advanced charting, tools, analysis, robust API, and other important features so that clients can trade with ease. It supports multiple languages and is also available in the form of apps for mobile devices.

FastBrokers offers clients different types of accounts. These are individual, joint owners, corporate and retirement accounts for forex and e-futures trading. Forex trading requires a minimum initial deposit of $2000. It has a maximum leverage of 50:1 and supports over 46 currency pairs. On the other hand, for e-future trading, a minimum deposit of $2500 is required with $500 minimum trading margin and deals in over 600 futures. Commission is as low as $0.99 per trade on futures.

Both forex and e-futures’ individual accounts have a minimum account size of $2000, joint owners accounts have $5000, corporate accounts have $25,000, and retirement accounts have $10,000. For forex trading, all accounts are multicurrency supported, whereas for e-future trading, deposits can only be made in GBP, USD, and EUR.

It allows its clients to make deposits and withdrawals through credit cards, debit cards, PayPal, wire transfer and more.

Features

  • Award-winning platform
  • Offers overnight swap rates
  • Offers low trading commission
  • Provides a variety of trading accounts
  • Offers competitive conditions
  • Trades through API and Alpo trading
  • Appealing support system
  • Offers various educational tools

Customer Service

FastBrokers support system is only available in English. However, customers can contact it through live chat, phone calls, emails, and leaving a message on its website. Its support system is accessible throughout the week. On weekdays, clients can contact it from 8:00 a.m. to 6:00 p.m. and on the weekends, from 8:30 a.m. to 11:00 p.m. Its customer service is very satisfactory, and it typically replies to emails and messages within a day. FastBrokers website is available in English and Chinese only.

Conclusion

FastBrokers offers a market-driven trading environment, forex liquidity, and access to universal derivative exchanges so that it can satisfy the demands of its clients trading in the most diverse financial market. It has an adequate support system, but only English speakers can take advantage of it, which is a drawback. People who don’t know English might not approach FastBrokers because it will be hard for them to understand the customer support representatives clearly. Overall, it is an outstanding forex broker company which tries to facilitate its clients according to their needs and trading style.

Office website: https://fastbrokers.com/

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