Fasttrade broker Accounts

fasttrade Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

fasttrade Account Types Explained

Fasttrade offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Spreads from 1.5 pips; no commission fees.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; ideal for scalpers and high-frequency traders.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 1.0 pip; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment for practice; access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, Pro Account
• Advanced: ECN Account, Pro Account
• Institutional: Pro Account

Detailed fasttrade Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads:

• Standard: 1.5 pips

• ECN: 0.0 pips

• Pro: 1.0 pip

• Islamic: 1.5 pips

• Commission Fees:

• Standard: None

• ECN: $3/lot

• Pro: $2/lot

• Islamic: None

• Lot Size:

• Standard: 1 lot = 100,000 units

• ECN: 1 lot = 100,000 units

• Pro: 1 lot = 100,000 units

• Islamic: 1 lot = 100,000 units

• Demo: 1 lot = 100,000 units

• Available Trading Platforms:

• All accounts support MT4 and MT5.

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Access to all trading instruments; risk-free trading environment.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Suitable for beginners.
• Disadvantages:
• Higher spreads compared to ECN accounts.

ECN Account

• Advantages:
• Tight spreads.
• Direct market access.
• Ideal for scalping.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Pro Account

• Advantages:
• Enhanced trading conditions.
• Lower commission fees.
• Disadvantages:
• Higher minimum deposit required.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No interest fees.
• Disadvantages:
• Limited to specific trading conditions.

Demo Account

• Advantages:
• Risk-free trading.
• Access to all instruments.
• Disadvantages:
• Virtual balance may not reflect real trading conditions.

fasttrade Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Certain countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport or national ID).
• Proof of Residence: Utility bill or bank statement showing your name and address.

Additional Documentation for Professional Accounts

• May require additional financial documents to verify trading experience and financial status.

KYC/AML Compliance Procedures

• Fasttrade adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

• Account verification typically takes between 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step fasttrade Account Opening Guide

Detailed Registration Process

1. Visit the Website: Navigate to the fasttrade official website.
2. Click Registration: Locate and click on the "Register" button.
3. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Once verified, deposit funds into your trading account.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have streamlined steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account settings or by contacting customer support.

fasttrade Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice trading.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Follow the same registration process as for live accounts but select the Demo Account option.

Demo Account Limitations

• Virtual balance may not reflect real market conditions; trading strategies should be tested cautiously.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits and involve real trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a limited time, typically 30-90 days, depending on the broker's policy.

fasttrade Islamic Account Details

Swap-free/Islamic Account Availability

• Fasttrade offers Islamic accounts that comply with Sharia law, ensuring no interest fees are charged.

Eligibility Requirements

• Must be a Muslim trader seeking compliant trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term holding.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• May have specific trading conditions or limitations compared to standard accounts.

FAQs – fasttrade Account Types & Opening

1. What account types does fasttrade offer？

• Fasttrade offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual balance.

1. How long does fasttrade account verification take？

• Account verification typically takes 1-3 business days.

1. Does fasttrade offer demo accounts？

• Yes, fasttrade offers demo accounts for practice trading.

1. Can I have multiple account types with fasttrade？

• Yes, traders can open multiple accounts as needed.

1. Does fasttrade offer Islamic/swap-free accounts？

• Yes, fasttrade provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a fasttrade account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.