fastbrokers 

Regulation

FastBrokers reviews its regulation authority and clearly states that the broker has been regulated by CFTC and NFA since 2005. US traders are welcome to open an account.

Trading Conditions

FastBrokers is neither Market Maker, nor ECN, since it is an independent introducing broker. Traders have direct market access to futures product and direct fix api connection to selected forex ECNs. The broker primary works with no dealing dest execution (such as Currenex) through their trading platform PathFinder Trader.

The average execution time in seconds for market orders via FastBrokers platform is 1.0706. Below are the spreads available on majors:

All trading styles are welcome with no restrictions. Multiple trading feeds are provided to satisfy every trader with any experience.

Slippage is recorded during volatility of the market and news events, causing spreads to widen sharply. Traders must be aware of this in order to avoid filling order at the worse price than initially intended.

Fractional Pip pricing is available on all ECNs the broker works with.

Stop orders fill prices are not guaranteed, since during volatility of the market or low liquidity you may experience different price than the original stop price.

Trading Platform

PathFinder Trader brings you real-time streaming quotes for multiple ECNs, including Currenex, Stonex, and Integral simultaneously within the software interface. The platform offers powerful charting tools, custom analytical indicators, alerts and automated strategy execution.

At the moment the platform is only available in download version and mobile traders are not supported.

Demo account is only available for 30 days, but at least it provides fully functional platform.

Leverage for US traders is up to 1:50 on majors. Non-US traders can enjoy leverage of up to 1:200.

The broker offers Islamic accounts compatible with Sharia law with no costs or fees.

Payment Methods

Minimum deposit requirement is very high of $2,500. Institutional accounts are available at the minimum deposit of $100,000.

FastBrokers doesn’t provide variety of payment methods and only accepts Wire Transfer and Paypal payments in USD, EUR, GBP currencies. US clients can also make deposits with personal checks, however this is a very slow option with up to 10 days clearing.

Withdrawals requests are generally processed within 48 hours during working days. Once approved, it may take up to 5 business days for the funds to be transferred.

Support

FastBrokers is committed to provide satisfactory customer services with representative available in their offices, phone or email 24/5 during office hours.

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