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Fast Trades Fx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://fasttradesfx.com/login/register.html, about the company's legal and temporary regulatory information, the company's address 101 N 5th St, Richmond, VA 23219, United States.

Fast Trades Fx Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Fast Trades Fx
Abbreviation
Fast Trades Fx
Company employee
--
Customer Service Email Address
info@fasttradesfx.com
Contact Number
+15402277411
Company address
101 N 5th St, Richmond, VA 23219, United States
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

PREMIUM

Minimum Deposit
$5,000.00

GOLD

Minimum Deposit
$2,500.00

  

Fast Trades FX Broker - Complete Information Guide

  

1. Broker Overview

  Fast Trades FX is a forex brokerage that has been operational since 2014. The company is headquartered in the United Kingdom, with its main office located at 101 N 5th St, Richmond, VA 23219, United States. Fast Trades FX operates as a private entity, catering primarily to retail clients globally. The broker specializes in forex trading, offering a range of financial instruments including CFDs, commodities, and indices.

  Since its establishment, Fast Trades FX has aimed to provide trading services to clients worldwide. However, it is essential to note that the broker has faced challenges regarding regulatory compliance and market presence. The company has not achieved robust regulatory recognition, which has raised concerns among potential clients.

  Fast Trades FX operates under a market maker model, facilitating trades directly with clients rather than through an exchange. This model allows for the provision of liquidity and faster order executions, although it may raise questions about potential conflicts of interest.

  

2. Regulatory and Compliance Information

  Fast Trades FX is not regulated by any major financial authority, which poses significant risks for traders. The UK Financial Conduct Authority (FCA) has issued warnings regarding the broker, highlighting that it may be providing financial services without proper authorization. As of now, there are no valid regulatory licenses associated with Fast Trades FX, and the broker does not comply with the rigorous standards set by recognized regulatory bodies.

  • Major Regulatory Authorities: None
  • Regulatory License Numbers: Not applicable
  • License Validity and Scope: No valid licenses exist
  • Legal Entities by Region: Primarily operates without a registered legal entity in recognized jurisdictions
  • Client Fund Segregation Policy: Not applicable, as the broker lacks regulatory oversight
  • Investor Compensation Fund Participation: None
  • KYC and AML Compliance Measures: Details on compliance measures are not publicly available, raising further concerns about the broker's operational integrity.

  The lack of regulation and oversight means that clients using Fast Trades FX may not have access to dispute resolution or compensation schemes, which are essential for financial safety.

  

3. Trading Products and Services

  Fast Trades FX offers a variety of trading products, focusing primarily on forex and CFDs. The broker provides access to a range of currency pairs, including major, minor, and exotic pairs. However, the exact number of forex pairs available is not specified in the available information.

  In addition to forex, Fast Trades FX also offers:

  • CFD Products: Indices, commodities, and stocks.
  • Cryptocurrency Trading: Limited information on available cryptocurrencies is available.
  • Unique Trading Products: None reported.

  The frequency of product updates and the introduction of new trading instruments remain unclear. The broker primarily targets retail clients but also claims to offer services to institutional clients, although details on these services are not well-documented.

  Fast Trades FX does not provide white-label solutions or asset management services, which limits its appeal to a broader range of institutional clients.

  

4. Trading Platforms and Technology

  Fast Trades FX does not support MetaTrader 4 or 5, which are among the most popular trading platforms in the industry. Instead, the broker may offer a proprietary trading platform, although specific details about its features and usability are not readily available.

  • Web-Based Trading Platform: Information on the web platform is limited.
  • Mobile Applications: No specific details on iOS or Android support.
  • Execution Modes: The broker operates primarily on a market-making model, which may affect the speed and quality of trade execution.
  • Server Locations and Infrastructure: No information is provided regarding server locations or the technological infrastructure supporting the trading platform.
  • API Access and Automated Trading Support: Details on API access or support for automated trading are not disclosed.

  The absence of well-known trading platforms and technology raises concerns about the broker's ability to provide a competitive trading experience.

  

5. Account Types and Trading Conditions

  Fast Trades FX offers limited account types to its clients. The specifics of the account conditions are not detailed, but general expectations for account types include:

  • Standard Account Conditions: Minimum deposit requirements and spreads are not specified.
  • Advanced Account Types: No VIP or professional accounts are mentioned.
  • Special Accounts: Information on Islamic or corporate accounts is not provided.
  • Demo Account Policy: Details on the availability of demo accounts are unclear.
  • Leverage Ratios: Specific leverage ratios for different products are not mentioned.
  • Minimum Trade Sizes: Information on minimum trade sizes is not available.
  • Overnight Fees Policy: Not disclosed.

  The lack of clarity regarding account types and trading conditions makes it challenging for potential clients to assess the suitability of Fast Trades FX for their trading needs.

  

6. Fund Management

  Fast Trades FX supports various funding methods, although detailed information is limited. Expected deposit methods typically include:

  • Deposit Methods: Bank transfers, credit cards, and possibly electronic wallets.
  • Minimum Deposit Requirements: Not specified for different account types.
  • Deposit Processing Times: Information is not provided.
  • Deposit Fees: No details are available regarding any deposit fees.
  • Withdrawal Methods and Limits: Specific withdrawal methods and any associated limits are not disclosed.
  • Withdrawal Processing Times: Information on processing times for withdrawals is not available.
  • Withdrawal Fee Structure: No details on withdrawal fees are provided.

  The lack of transparency regarding fund management may deter potential clients from engaging with the broker.

  

7. Customer Support and Educational Resources

  Fast Trades FX offers customer support through various channels, although specifics are limited. Support options may include:

  • Support Channels: Phone, email, and possibly live chat.
  • Service Hours and Time Zone Coverage: Not specified.
  • Multilingual Support: Information on supported languages is not available.
  • Educational Resources: Limited information on webinars, tutorials, or e-books.
  • Market Analysis Services: Details on daily analyses, news, or research reports are not provided.
  • Trading Tools: Availability of calculators, calendars, or signal services is unclear.

  The lack of comprehensive customer support and educational resources may impact the overall client experience.

  

8. Regional Coverage and Restrictions

  Fast Trades FX operates primarily in global markets, although specific details on regional coverage are not provided. The broker's operational regions include:

  • Primary Markets Served: Global clientele, with a focus on retail traders.
  • Regional Offices: Not specified.
  • Countries/Regions Not Accepted: Specific countries or regions where clients are not accepted are not disclosed.
  • Special Restrictions: Any additional restrictions are not mentioned.

  The lack of clarity regarding regional coverage and restrictions may limit the broker's appeal to potential clients in certain jurisdictions.

  In summary, while Fast Trades FX offers a range of trading products and services, the lack of regulation and transparency raises significant concerns for potential clients. The absence of well-known trading platforms, comprehensive customer support, and clear account conditions further complicates the assessment of the broker's reliability and suitability for traders. As such, potential clients are advised to exercise caution and conduct thorough research before engaging with Fast Trades FX.

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Latest Reviews

FX1133414427

FX1133414427

Pakistan

Everything was just perfect!! Great customer support, and extremely fast email replies! Everything went smoothly from the interview to the contract to payment!

Positive

2022-12-09

Fast Trades Fx Forex Broker has an overall rating of 1.45, Regulatory Index 0.00, License Index 0.00, Business Index 6.54, Software Index 4.00 Risk Control Index 0.00.
Fast Trades Fx