Fastbrokers forex broker review and detailed information

Fastbrokers forex broker review and detailed information

How does Fastbrokers compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.

Fastbrokers forex broker logo

Basic information about Fastbrokers

WebsiteVisit Fastbrokers
TypeECN
Regulated byNFA, CFTC, NIBA
CountryUSA
Established in2004
Live chatyes

Trading terms

Commission (pips)0.29-0.29
Fixed spreadno
Variable spreadyes
Spread on majors (pips)0.0-4.0
Leverage50:1
Minimum deposit (USD)2500
Minimum trade size (USD)10000
Accepts scalpingyes

Available features

Number of currency pairs19
Precious metals (gold & silver)yes
Oilyes
Stocks, Indices, and/or CFDsno
Hedgingyes
Trailing stopyes
Free automated tradingyes
MetaTrader 4no
Mobile tradingyes

Forex account

Demo accountyes
Interest on unused balanceno
Islamic swap-free accountsyes
Accepts U.S. citizensyes
Payment by Bank wireyes
Payment by Credit cardyes
Payment by PayPalyes
Payment by checkyes
Other payment optionsBPS
Account in USDyes
Account in Eurono
Account in GBPno
Account in CHFno
Account in JPYno
Account in AUDno
Account in CADno
Account in NZDno
Account in CZKno
Account in DKKno
Account in HKDno
Account in ILSno
Account in NOKno
Account in PLNno
Account in RMBno
Account in RURno
Account in SEKno
Account in SGDno
Account in ZARno

Languages

Arabicno
Chineseyes
Czechno
Dutchno
Englishyes
Frenchyes
Germanno
Greekno
Hebrewno
Indonesianno
Italianyes
Japaneseno
Koreanno
Malaysianno
Polishno
Portugueseno
Russianno
Spanishyes
Turkishno

Sponsored links


See also

Read a Fastbrokers expert review on the Forex Learning Blog.


Fastbrokers customer reviews

Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.



Matthew
2011-12-28
They publish 2.90/ per lot on their ECN and 2.5 for LMAx forex trading. I think their commissions are good if you compare with other ECNs. The pathfinder Trader Platform really rocks!


Kenneth Endicott
2011-09-01
I disagree, they have very competitive commissions. Better than anyone else I can find. I have spoke to numerous brokers and can't find anything cheaper. I also love their platform which is one of a kind!


Derek
2011-08-17
Their spreads are the best, and their ECN aggregation is crazy. They offer only execution from real ECNs like currenex, integral, Fortex, etc, and do not market make against you. It is normal you have to pay commissions to trade on this.
Greg---> Also their commissions are very low compared to ohter brokers. Matybe you don't generate volumes, but if you do call them and get a custom one.


Greg
2011-02-03
I've been using Fastbrokers for few months now and I'm going to quit as soon as possible. They advertise low spreads, which is kinda true. But they also add an outrageously high commission to the normal spread. Seriously, their commission is at least twice as high as elsewhere.


Gratianus Budi Sinatrijo
2010-07-29
If I use Fastbrokers I hope I won't be broke faster..


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