Fasttrade offers a range of account types tailored to different trading needs. However, it is important to note that Fasttrade is not regulated by any top-tier financial authority, which raises concerns about its trustworthiness. The account types available are typically designed for various levels of traders, but specific details about the features, fees, and conditions of these accounts are not clearly defined in the available resources.
- Individual Account: This account is likely intended for personal trading, allowing individuals to trade various financial instruments.
- Joint Account: Designed for two or more individuals, this account enables shared trading activities and joint ownership of the assets.
- Corporate Account: This account is aimed at businesses looking to trade in financial markets, requiring additional documentation and compliance with corporate regulations.
Fasttrade Broker Account Opening Process
Opening an account with Fasttrade involves several steps, but due to the lack of regulation and transparency, caution is advised. Heres a general outline of the account opening process:
- Visit the Website: Navigate to the Fasttrade website (currently unavailable) to begin the registration process.
- Fill Out an Application: Provide necessary personal information, including your name, address, and contact details.
- Submit Identification: You may need to upload identification documents to verify your identity.
- Fund Your Account: After approval, you will be required to deposit funds into your account to start trading. The minimum deposit requirements are not specified.
- Start Trading: Once your account is funded, you can begin trading various instruments offered by Fasttrade.
It is crucial to conduct thorough research and consider the regulatory status of Fasttrade before proceeding with opening an account.
FastTrade accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .