Rating Index

Pros

MT4 and MT5 trading platforms available for users.

Wide range of tradable instruments including forex, metals, and cryptocurrencies.

Demo accounts are offered for practice and strategy development.

Cons

Regulatory status is labeled as a "suspicious clone" by the FCA, raising concerns about legitimacy.

High minimum deposit requirement for gold accounts compared to industry standards.

Customer reviews indicate potential issues with withdrawal processes and overall trustworthiness.

FastOne broker Accounts

FastOne Account Type

FastOne offers a variety of account types to cater to different trading needs. The available account types include:

Standard Account:

Minimum Deposit: $100
Maximum Leverage: 1:500
Minimum Spread: From 1.2 pips
Commission: $3.5 per side

Gold Account:

Minimum Deposit: $1,000
Maximum Leverage: 1:500
Minimum Spread: From 0 pips
Commission: Varies based on trading volume

Demo Account:

Allows traders to practice with virtual funds.
Access to all trading instruments available.

FastOne claims to provide competitive spreads and sharp trading execution across these accounts, making it suitable for both novice and experienced traders.

FastOne Broker Account Opening Process

Opening an account with FastOne involves several straightforward steps:

Account Opening Form: Obtain the account opening form by visiting the FastOne website or their physical office.
Fill the Form: Complete the account opening/KYC form with accurate personal information.
Attach Required Documents: Include necessary documents such as proof of identity, address, income details, and photographs.
Submit the Form: Submit the filled-out form along with the required documents in person or through their online portal.
Personal Verification: FastOne will conduct a personal verification process to confirm your identity.
Application Processing: After verification, your application will be processed, which typically takes 2-3 days to activate your trading account.
Receive Account Number: Once approved, you will receive a unique client code/demat account number to start trading.