FastBrokersFast Trading Services LLC

Fastbrokers Forex Broker Review

Retail Forex Account:

  • minimum deposit: $500
  • minimum lot size: 1k
  • max leverage: 1:200

Pro-Feed Account:

  • minimum deposit: $10,000
  • minimum lot size: 1k
  • max leverage: 1:100

Integral Feed Account:

  • minimum deposit: $3,500
  • minimum lot size: 1k
  • max leverage: 1:100

 

 

Editor`s vote

3.7

Traders` vote

3.2

Headquarters:  Glendale, California, USA

Country: United States

Regulated by: CFTC, NFA (ID#: 0342002)
 

 

Spread

 

 

 

 

Variable spreads as low as 0.5 pips

Typical spreads:   EUR/USD -2 | GBP/USD –4 | USD/CHF -3 | USD/JPY –2

Live spreads

 

 


Slippage

Pros

Cons

 No slippage during normal market conditions

 Slippage during news releases 

Requotes

Pros

Cons

 No requotes during normal market conditions

 

Price feed

Pros

Cons

No stop hunting

No price manipulaton 

ECN/STP pricing model

 

Platform

Pros

Cons

Trade Pulse

Trade Navigator

Fast Scalper

 

Very intuitive and easy to handle

Decent charts

Autotrading

 

Learn more about platforms' options

No

 

 

 

 

 

 

 

 

 

Deposit/Withdraw

Deposit

Withdraw

BPS Electronic Funds

Check

Credit Card 

PayPal

Wire Transfer

BPS Electronic Funds

Check

Credit Card 

PayPal

Wire Transfer 

 

Customer service

Pros

Cons

Customer service reps are always polite and ready to help

Toll Free Phone (US and Canada)

 

Live Chat

E-mail  

 

 No

 

 

 

Summary

Pros

Cons

 

 

Traders` reviews for FastBrokers Add you review

forex-trading-domain.com, 10/29/2009 ,

Pros:

• Scalping is allowed
• News trading is allowed
•You may trade ECN using MT4 platform (that is a definite plus
• Great customer service


Cons:

• It has on its policy agreement that it has the right to take back profit if it deems necessary. ((That would be a bit of a worry)
• They don’t always allow scalping though it says that the company does not penalize anyone doing so.

(0) (0)

J, FPA, 10/29/2009 ,

SCAM!
They are just an IB for FXDD, call them and asked them yourself, they will try to go around it but when it's time to open guess what? You are opening with FXDD!
Big mistake if you open with them, you were warned

(1) (0)

Sam, FPA, 10/29/2009 ,

I was looking for a broker for a while, trying several demos and at the end I decided to open an account with fastbrokers not only for the great spreads and execution but also for their customer service, they always answer in person to my phone calls, they have an office in LA county I even went to visit them in person one time and have lunch with one of the brokers there!
I've been with them for about 2 months, scalping mostly mixing my manual strategy with EAs and so far I'm very satisfy

(0) (0)

forex-learning-site.com, 10/29/2009 ,

What makes Fastbrokers absolutely unique is that they offer low-spread ECN trading combined with the popular and highly sophisticated MetaTrader 4 trading platform. As an American company, Fastbrokers is registered with both NFA and CFTC. It encourages all trading styles, including scalping and news trading. Since they are an ECN broker, you can actually trust their word that they will not trade against their clients. Another highlight is that they host the clients’ expert advisors (EA) for free, so you can enjoy the full potential of automated trading 24/7. They even feature an easy-to-use EA builder on their website.

(0) (0)

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