FasTrading is an offshore Forex broker, that opened on December 17th 2020. For withdrawal issues or broker complaints, read this.
FasTrading Review
A review of the trading apps that FasTrading offers their investors shows that it is the TraderSoft white label software. It is available as a web-based version or you can download the mobile apps for Android and Apple devices. During our review we did not find MT4 or MT5 available.
FasTrading lists a variety of underlying assets for CFD trading including; Major and Minor Forex Pairs, Market Indexes, Shares, Commodities, Crypto Currency and Metals. The minimum deposit requirement for a new trading account is officially $250, and this broker accepts deposit via credit card.
This broker offer new investors a thing called “Bonus Money”, which sounds very appealing, however, it is the cause for most complaints by new investors that do not understand how it works. If you are interested in trading with Free Signals, look at the popular trading apps listed here.
Scam Trading Apps!
Many investors end up at a broker like FasTrading after registering with a crypto trading app, like Bitcoin Loophole. Algorithmic trading apps are promoted via Instagram traders, email spammers and Fake News websites. You should take a minute, and read how the Crypto investments scam operates, read this article.
Before investing your money in an automated trading app, just know that 99% of people lose their money that way! Instead, educate yourself about day trading and only use a licensed broker, look here.
Is FasTrading a Legit Broker?
No, FasTrading is not licensed and not regulated by any European financial regulator.
Officially they are owned and operated by: TLM Global Services LTD, 26034 BC 2020 and located at: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. In reality, they are probably from Estonia, as their phone number is: +3726682422. Customer service email address is: [email protected]. Official website is at: https://www.FasTrading.com/.
The way that sophisticated investors research their online broker, is by checking for a valid brokerage firm license. And the reason for that, is in the event that the broker does not give you your money back, your money is protected by the government.
Scam Broker Investigator has reviewed more than 700 online brokers, and recommends you only use a licensed broker. In the United Kingdom, brokers must be registered with the FCA, and in Australia by the ASIC. There are many licensed Forex brokers who you can trade with, see here.
Compare Licensed Brokers
Smart investors always tryout a few Forex brokers with a demo account, before activating their live trading account.
ForTrade is a very popular CFD broker, since they are licensed & regulated in Europe, Canada, Australia and the United Kingdom, see here.
Try a Free Demo Account, on their unique trading app, signup here.
What was your experience investing at FasTrading? Please share your experience with others, in the comments section below.