FastFX is a forex broker whose official website domain was registered on August 10, 2017, mainly providing financial trading services such as forex, metals, and cryptocurrencies to investors. The broker does not provide services to jurisdictions that may violate local laws or regulations, including but not limited to the United States, Canada, Japan, Cuba, Israel, the Islamic Republic of Iran, North Korea, Yemen, Palestine, Sudan, and Syria.
Corporate Registration Information and Regulatory Status:
According to public information on the official FastFX website, the registered corporate entity is Fast FX Trading Technologies Limited, with a specific registered address at Intershore Chambers, Road Town, Tortola, BVI. The broker's official website does not mention the regulatory oversight it is under.
Upon verification, the British Virgin Islands Financial Services Commission was unable to find a corporate entity named Fast FX Trading Technologies Limited or any information on regulatory oversight, and the existence of this entity cannot be determined.
Account Opening:
To open an account with FastFX: Visit the broker's official website, click "OPEN AN ACCOUNT" on the homepage or "Register" in the top right corner of the webpage to enter the account registration interface, fill in personal information as required and submit.
Account Types:
FastFX offers three different types of official trading accounts: MINI Account, STANDARD Account, ECN Account. Additionally, the broker provides Swap-Free accounts for Islamic users.
MINI Account:
- Minimum initial deposit: $50
- Maximum spread: 2.0 pips
- Maximum trading leverage: 1:500
- Margin call level: 50%
- Minimum trade size: 0.01
- Maximum trade size: 0.9
- Trading commission: $0.5 per side
- Swap: Supported
- Order execution type: Instant execution
STANDARD Account:
- Minimum initial deposit: $500
- Maximum spread: 1.2 pips
- Maximum trading leverage: 1:200
- Margin call level: 50%
- Minimum trade size: 0.01
- Maximum trade size: 10
- Trading commission: $2.5 per side
- Swap: Supported
- Order execution type: Instant execution
ECN Account:
- Minimum initial deposit: $5000
- Maximum spread: 1.0 pip
- Maximum trading leverage: 1:100
- Margin call level: 50%
- Minimum trade size: 0.1
- Maximum trade size: 10
- Trading commission: $5 per side
- Swap: Supported
- Order execution type: Instant execution
Trading Platform:
FastFX offers the VertexFX Trader trading platform to its users.
Deposits and Withdrawals:
FastFX supports users to deposit and withdraw funds using methods such as Mastercard, Skrill, VISA, and cryptocurrencies, with a minimum deposit amount of $100.
Conclusion:
"Traderknows reminds investors that FastFX is an unregulated forex broker, and it's uncertain whether its corporate entity actually exists. Traderknows advises investors to stay away from FastFX when choosing a broker, and to opt for brokers with strong regulation and a good reputation, in order to avoid unnecessary losses to their assets.
Currently, this broker is marked as 'Suspected Scam' on Traderknows.
