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8
FastBrokers

FastBrokers

BROKER FastBrokers
WEBSITE LINK fastbrokersfx.com
YEAR ESTABLISHED 2005
COUNTRY USA
REGULATION NFA #0342002, CFTC
DEALING DESK MM, STP, ECN
TRADING PLATFORM MetaTrader 4 (Fastfx Pro-feed), Fastfx Trader, Fastfx Integral ECN
MOBILE TRADING Yes
PAIRS OFFERED 20
TYPE OF SPREAD Fixed or Variable
COMMISSION / FEE No
SPREAD EUR/USD (LOWEST) 1 pip (Variable), 2 pips (Fixed)
MAXIMUM LEVERAGE 200:1 (0.5%)
FREE DEMO ACCOUNTS Yes
MINI ACCOUNT SIZE $250
STANDARD ACCOUNT SIZE $3,500
SMALLEST LOT SIZE 10,000
SWAP FREE ACCOUNTS Yes
SWAP RATES Swap Page
ACCOUNT FUNDING METHODS Wire, Credit Card, PayPal
SCALPING Yes
HEDGING Yes
TRAILING STOPS Yes
LIVE CHAT Yes
ADDITIONAL INFORMATION Introducing Broker for several firms. Support ticketing system. SLA (service level agreement). Free EA and MT4 remote hosting. Free Webmasters Tools. Multilingual Tools Including Economic Calendar and Market commentary.

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 Trusted By The Forex Broker Guide
Last Updated: 2009-01-06
Rate now:   0
0
Author: Daniel
Date: 2009-06-30 19:55:40
I signed up to fastbrokers 4 weeks ago, invested $300 by Paypal, I will be withdrawing soon to see if they will let you withdraw, I have now got $500 in my FB account, I will withdraw when I get to $1000 and see what they do, I will post what they do soon
So far so good.
0
Author: jason
Date: 2009-02-20 04:50:15
I started of with FXCM-got robbed and each time you speak to someone different they give you different answers. Then I went with Interactive Brokers and and just find that they take to long to respond to my emails (4 days is to long.

Then I went with FXDD and fills were good but customer services was similar to Interactive Brokers. Now, since Nov of 2008 I gave FastBrokers a try. But i found out that they clear through FXDD. They said that they clear through them but they basically take care of the customer service and issues with the platforms.

The great thing is that the spreads are the same and there is no mark up. They are compensated somehow through FXDD. So far it is a world of difference. No doubt they are quick with all emails and a live person always picks up the phone within 2 rings. And believe me, they must really get sick of me. lol

But I am 100% satisfied with their mt4 platform and their services. Also, who says they don't allow scalping? At least they do now, and I have to say that I have been profitable for the past 2 months. Maybe if I loosing my shirt, my review would be much different. Cheers.
8
Author: Zeeshan Khan
Date: 2009-01-09 04:34:49
I am bit new into the review so please excuse my mistakes.
I hope you all know that fastbrokersfx.com or fastbrokers.com are now an intrdoducing broker to FXDD. I have verified this with them. I have received my account details yesterday long time after i regiestered on 3rd december. The delay was because i already had an account with forexmeta.com. They are really giving the $100 bonus i have got it on forexemeta but nor on fasbrokers because they have limited the bonus to one per person. till now everything has been fine. their support is better then fxdd, they have followed me up with the up to the minute details of my account opening process. Their spreads are better than forexmeta it is one pip lower for most currencies. I won't prefer forexmeta to anyone but would highly prefer fastbrokers.com. I will update you with the review once i deposit my money
2
Author: stefano
Date: 2009-01-09 04:34:20
10 months to have my money back...terrible situation!
0
Author: Emmet
Date: 2009-01-09 04:33:57
I work for this broker. So if anyone has concerns or questions for us I will be more than happy to respond. We try to accomplish 100% satisfaction from everyone and we encourage users to inquire through our online chat via our website too.

Happy Trading to everyone
10
Author: Mark
Date: 2009-01-09 04:33:36
Good platform and nice spreads. I found a lot of info on their site icluding a softwar eto generate Expert Advisor. Account opening was fast and they're seem very well organized.
10
Author: forexitalia
Date: 2009-01-09 04:33:16
I have used several brokers and Fastbrokers has the best of all. Never got any problem with my fills.. and the story below about the usd/nok sounds a little fake. They got the best MT4 setup in the industry. International toll free numbers and 24 hour support with Corteous and professional people. I am from a community of 1000 italian fx traders with only enthusiatic reviews and no complaints at all. They are absoutely the best for spreads and fills.
2
Author: trader
Date: 2009-01-09 04:32:49
last night i traded usd/nok with fast brokers and i made a very nice profit really! the morning after they just cancelled all the trades they told me that there was a probleme in the quote, just that their prob and they denied me my profit, i filled a report to NFA and hope for a help. this is not serious! at all
8
Author: CharlesinDC
Date: 2009-01-09 04:32:25
I already trade with a few brokers and I also decided to give these fastbrokers guys a shot. So far, for the past two months I definetly rate them among the best. First of all, they are not dealers but just brokers, and they use multiple dealers, FXLQ is just one of these for MT4. Whenever I raised questions about how forex works they answered me fairly and gave me different options including Currenex with Strategy Runner and trading currency futures. You won
0
Date: 2009-01-09 04:31:40
CHAT WITH FASTBROKERS
Support Team 011: good afternoon how may I help you?
Visitor: Do you allow scalping?
Support Team 011: no scalping
Support Team 011: no forex dealer will allow you that
Visitor: How do you define scalping?
Support Team 011: if they do, then the system is devised accordingly
Support Team 011: usually if you trade less than 180 seconds in-out
Visitor: So If I hold a position for longer than 3 minutes that is OK with you, right?
Support Team 011: generally it will be okay
Visitor: Are you taking the other side of your clients trade?
Support Team 011: however dealers will look at off market prices
Support Team 011: trades are handled on aggregation
Support Team 011: in other words: all client's orders are put together and then the system will cover positions on the interbank accordingly
Visitor: "however dealers will look at off market prices" What do you mean by this?
Support Team 011: well, generally speaking the reason why dealers don't like scalper is for one main reason
Support Team 011: off market prices
Support Team 011: that is
Support Team 011: you are given a price that is no longer existing on the interbank
Visitor: What happens if my entry price is off market?
Support Team 011: because market has moved
Support Team 011: if it happens a few times there is no problem
Support Team 011: however if there is a pattern then dealers will ask you to stop, and sometimes to cancel those profitable trades
Support Team 011: because in those instances the dealer has given you a price that he wasn't able to fill at the interbank because of delay in the feed, or what ever reason
Support Team 011: when you trade quickly the chances that these type of off market prices occur will increase
Support Team 011: if scalping is your technique, then i would recommend you trade futures instead.
Support Team 011: since in futures there are no dealers
Support Team 011: and market is centralized
Visitor: OK thanks for the chat. It seems that I cannot trade with you.
2
Author: David
Date: 2009-01-09 04:31:05
This broker is nothing but an IB for FXLQ. I give them both the same review. These guys are not worth anything for news or customer service. If you make money they will take it back look at their agreement they actually have the balls to say we can take back profit if we deem it necessary. This statement alone should let you know that they are thieves. I also had 20-60 sec delay in fills it was like they would wait until I was at a loss then fill me. I am filling a report with the NFA and CFTC I would advise anyone else who has issue to do the same. If we all file reports when brokers screw us it will help others not to suffer the same fate.
8
Author: brslda
Date: 2009-01-09 04:30:34
I have been trading with www.fastbrokersfx.com since three months after some bad experiences I had, before with Refco (unfortunately) and after with some pseudo Swiss brokers. I got Fastbrokers address from some friends that where very satisfied with them and I found their services very reliable. Their call center is always ready to help you for any administrative and/or trading problems. The most important characteristics of Fastbrokers is the use of MT4 platform with the smallest spreads on the markets (2 pips for EURUSD and 3 pips for GBPUSD). These spreads during Marked Mover periods are increased of only 2 pips. This small increase is very important for anyone that trades, like me, against economic news. Other brokers, such as OANDA, one of the first brokers, during market movers increase the spreads of 20 pips. I hope that Fastbrokers will continue to operate with transparency as they did till now because, in FOREX market, transparency is a very rare characteristic.
Please Rate and Review This Broker
0
Date: 2008-07-29 23:00:04
Please share your thoughts and experiences with this Online Forex Broker. Simply click WRITE REVIEW, choose a Rating from the dropdown box, write your Review then click SEND. Your feedback is appreciated.
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