FastOne Company

Fastone Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Fastone Company, officially known as Fastone Global Financial Markets Limited, was founded in 2013. The company emerged as a player in the forex and CFD trading markets, aiming to provide competitive trading solutions to clients worldwide.

Parent Company/Ownership Structure

Fastone operates under the ownership structure of Fastone Global Financial Markets Limited, which is incorporated in Mauritius. The company is positioned as a financial intermediary, facilitating trading services across various asset classes.

Headquarters Location

The headquarters of Fastone is located in Phoenix, Republic of Mauritius. This strategic location allows the company to tap into a growing financial market while providing services to clients globally.

Global Business Scope

Fastone serves a diverse clientele, including retail and professional traders, across multiple regions, including Europe, the Middle East, North Africa, and Southeast Asia. The company offers a range of trading instruments, including forex, CFDs, and commodities.

Main Regulatory Bodies

Fastone claims to be authorized and regulated by the Financial Services Commission (FSC) of Mauritius. However, there are concerns regarding the validity of its regulatory status, with some sources labeling it as a "suspicious clone" due to a lack of transparent regulatory information.

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2. Company History and Development

Key Milestones

• 2013: Fastone was established, focusing on forex and CFD trading.
• 2017: The company expanded its operations and began offering additional trading instruments and services.
• Present: Fastone continues to grow its client base and enhance its trading platforms.

Business Expansion Journey

Fastone has progressively expanded its services, initially focusing on forex trading and gradually incorporating CFDs and commodities. The company has also developed partnerships to enhance its trading offerings and technological capabilities.

Customer Base Growth

Fastone has attracted a diverse customer base, owing to its competitive trading conditions and the availability of multiple trading instruments. The company claims to have a significant presence in key markets, including Europe and the Middle East.

Platform Development History

Fastone primarily utilizes the MetaTrader 4 (MT4) platform, which is widely recognized in the trading community. The company has also introduced a Multi-Account Manager (MAM) tool to cater to clients managing multiple accounts.

Important Awards or Recognitions Received

While Fastone has not publicly disclosed any specific awards or recognitions, it claims to be one of the most admired financial companies in Mauritius.

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3. Trading Services Offered

Forex Trading Options

Fastone offers a range of forex trading options, including over 75 currency pairs. This extensive selection allows traders to engage in various strategies and market conditions.

Stock Trading Options

Currently, Fastone does not offer stock trading options, focusing instead on forex, CFDs, and commodities.

CFD Trading Products

Fastone provides access to a variety of CFDs, including indices and commodities. This enables traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

In addition to forex and CFDs, Fastone offers commodities trading, including precious metals like gold. However, the company does not currently provide trading options for cryptocurrencies, stocks, or bonds.

Special Services or Unique Advantages

Fastone distinguishes itself with features such as:

• Competitive Spreads: The company claims to offer raw spreads, which are highly competitive in the market.
• Sharp Trading Execution: Fastone emphasizes its focus on fast and accurate trade execution.
• 24/7 Customer Support: The company provides round-the-clock customer support to assist traders at any time.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Fastone is regulated by the Financial Services Commission (FSC) of Mauritius. However, concerns have been raised regarding the authenticity of this regulation, with some sources indicating that the company operates as a "suspicious clone."

Legal Entity Structure by Region

Fastone operates under the legal entity of Fastone Global Financial Markets Limited in Mauritius. There is limited information available about its operations in other regions.

Client Fund Protection Measures

While Fastone claims to implement client fund protection measures, specific details about these measures are not publicly available. This raises questions about the safety of client funds.

Countries/Regions Served

Fastone serves clients globally, with a significant presence in Europe, the Middle East, and Southeast Asia. However, the companys regulatory status may limit its ability to operate in certain jurisdictions.

Compliance History

Fastone's compliance history is unclear, with reports indicating a lack of valid regulation and concerns regarding its operational practices. Potential clients are advised to conduct thorough research before engaging with the broker.

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5. Competitive Landscape

3-5 Main Competitors

Fastone faces competition from several established brokers in the forex and CFD markets, including:

• IC Markets
• Pepperstone
• FXTM (ForexTime)
• Admiral Markets

Positioning in the Industry

Fastone positions itself as a competitive broker offering a wide range of trading instruments and advanced trading platforms. However, its reputation is marred by regulatory concerns, impacting its standing in the industry.

Market Differentiation Factors

Fastone differentiates itself through:

• Low Latency Trading: Fast execution speeds are a key selling point.
• Diverse Trading Instruments: The availability of over 75 instruments caters to various trading preferences.
• Customer Support: The provision of 24/7 customer service aims to enhance the trading experience.

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In conclusion, while Fastone Company presents itself as a viable option for forex and CFD trading, potential clients should exercise caution due to regulatory concerns and the lack of transparency surrounding its operations. Conducting thorough research and considering alternative brokers may be prudent for those seeking a reliable trading partner.

For more information on Fastone and its offerings, learn more.