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FastBrokers Fast Trading Services Review

Fastbrokers Forex Broker Review

RATING: 2.3 / 3 REVIEWS ForexBrokerz FastBrokers


Trading Accounts


Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads 
Standard $2,000 0.1 1:50 0.3 pips + $2.90/lot*


*Commission (one-way) is calculated per 1 standard lot of 100 000 base units.


FastBrokers offers a single forex trading account with ECN style execution, competitive variable spreads, and leverage up to 1:50.


In addition, FastBrokers offers swap-free accounts to investors of Islamic belief. Account management, joint and corporate accounts are also available with this broker.


The Company. Security of funds


Company Country Regulation
Fast Trading Services, LLC US NFA, CFTC


Located in Glendale, California, USA, FastBrokers is an Independent Introducing Broker (IIB), that has been in business since 2005. It offers trading in 46 currency pairs and more than 600 futures and options on futures across 16 exchanges.


FastBrokers market and promote agency execution. As an IB, they are not a counterparty to their clients’ trades, however, the clearing parties they introduce accounts to, may offer different trading and execution styles.


Behind the brand is Fast Trading Services, LLC, a company registered as an Independent IB with the US Commodity Futures Trading Commission (CFTC). As required by the US law, it is also a member of the National Futures Association (NFA).


Although the US regulation is considered as one of the best in terms of client protection, the strict regulatory rules are limiting from both traders' and broker’s point of view.


First of all, Brokers that are registered with the NFA are required to maintain a net capital of at least $20 million to guarantee customers’ positions, which is the highest minimum capital requirement worldwide.


Furthermore, hedging is not allowed and leverage is capped to 1:50, while most European brokers are free to provide leverages up to 1:1000 (or higher).


Trading conditions


Minimum initial deposit

The minimum initial deposit required by FastBrokers is pretty high, amounting t0 $2000. In comparison, one may open an account with major US forex broker FXCM for just $50.


Spread and Commission

The cost of trading with FastBrokers is low and competitive: spread averaged 0.3 pips for the EUR/USD and a commission below $3 round trip. So, average trading costs per lot are around 0.9 pips, while most brokers provide spreads within the range of 1.0 – 1.5 pips for this pair.



As we have already explained, this broker offers leverage up to 1:50, in compliance with US applicable US law.


Trading platforms


FastBrokers offers its clients two basic trading platforms: its in-house PathFinder Trader & and the popular MetaTrader 4.


An award-winning trading platform, Pathfinder Trader features many advanced tools that can help you achieve your trading goals. Designed as a flexible front-end capable to connect simultaneously to multiple data and execution streams, the system can be deployed either as an ultra-low latency system or internet application. Orders that can be executed via one click feature or through automated strategies are processed by the data manager API and directed to the corresponding API without using server bridges, thus eliminating layers of latency.

Advanced charting package features 13 different high definition data-visualization types, and multiple designs.



However, PathFinder Trader works only on Microsoft Windows based systems.


If you prefer the good old MetaTrader 4 (MT4), it is also supported by this broker.


Payment methods


Clients of FastBrokers may use bank wire transfer, as well as debit/credit cards as payment methods.




FastBrokers is a well-regulated US Introducing broker with more than 10 years of experience in the financial markets sector. It offers competitive conditions for trading in forex and related products, as well as access to a number of exchanges. Here are, in a nutshell, the advantages and disadvantages with regards to FastBrokers:


Pros Cons
Well-regulated  Introducing broker
Low spreads Hedging is not allowed
Choice of trading platforms, MT4 available High minimum initial deposit
Fast-speed ECN style execution No micro tradeable lots
Access to numerous assets and exchanges  Low leverage levels 


Latest news about FastBrokers
No news about FastBrokers. Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review

Traders` reviews for FastBrokers






Variable spreads as low as 0.5 pips

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

Live spreads






 No slippage during normal market conditions

 Slippage during news releases 




 No requotes during normal market conditions


Price feed



No stop hunting

No price manipulaton 

ECN/STP pricing model





Trade Pulse

Trade Navigator

Fast Scalper


Very intuitive and easy to handle

Decent charts



Learn more about platforms' options














BPS Electronic Funds


Credit Card 


Wire Transfer

BPS Electronic Funds


Credit Card 


Wire Transfer 


Customer service



Customer service reps are always polite and ready to help

Toll Free Phone (US and Canada)


Live Chat













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


• 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. 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. 10/29/2009
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