.PNG)
FastBrokers
Headquarters: Glendale, California, USA
Country: United States
Regulated by: CFTC, NFA (ID#: 0342002)
3.2
3.3
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
Spread:
Variable, from 1 pip
Deposit/Withdraw
Bank Wire, Credit card, Paper Cheque
Platform:
Variable spreads as low as 0.5 pips
Typical spreads: EUR/USD -2 | GBP/USD –4 | USD/CHF -3 | USD/JPY –2
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No slippage during normal market conditions |
Slippage during news releases |
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Pros |
Cons |
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No requotes during normal market conditions |
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No stop hunting No price manipulaton ECN/STP pricing model |
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Trade Pulse Trade Navigator Fast Scalper
Very intuitive and easy to handle Decent charts Autotrading
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No
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Deposit |
Withdraw |
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BPS Electronic Funds Check Credit Card PayPal Wire Transfer |
BPS Electronic Funds Check Credit Card PayPal Wire Transfer |
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Customer service reps are always polite and ready to help Toll Free Phone (US and Canada)
Live Chat
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No
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Add reviewPros:
• 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.
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
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.
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