FastBrokers

Editorial Rating:
2.75
Accept US Traders:
Yes

FastBrokers.com

Founded in 2004 and online since 2006, FastBrokers has established itself as a Forex portal that doesn’t follow the crowd. Through a series of technological innovations this subsidiary of Fast Trading Services LLC has defined itself as one of the world’s most efficient FX brokers.

Indeed, because FastBrokers is a technology firm that’s turned its attention towards the foreign exchange, it means there are a number of features on this site that are truly unique such as Pathfinder Trader.

To help make its platform as accessible as possible, FastBrokers members can choose from one of five base currencies, including: US Dollars, GB Pounds, Swiss Francs, Japanese Yen and Euros. Beyond this, FastBroker.com is legible in both Chinese and English.

FastBrokers.com’s Special FX:

As mentioned one of the standout features of this broker’s platform is the proprietary technology. Formed through partnerships with various FCMs (Futures Commission Merchants) and FDMs (Forex Dealer Members), FastBrokers' software stacks up well against industry leaders such as MetaTrader 4.

Arguably the most impressive innovation to come out of FastBroker.com is Pathfinder Trader. This trading platform allows users to achieve simultaneous access to multiple ECNs during trading hours.

This ability to monitor and trade through multiple parties ensures that every member has the best chance to find the best prices. Indeed, unlike other brokers who simply funnel one set of prices through to their customers, FastBrokers’ platform is designed to show traders all sides of the market.

Beyond this, Pathfinder gives users the option to place a range of spread orders through the software’s spreader function. This means they can automatically execute trades when certain spread conditions arise.

The Essentials:

Overall, FastBrokers offers nine main trading accounts designed to cover a range of options and levels. While many of these accounts are aimed very specifically at futures traders or those with a minimum budget of $100,000, three are pitched at mid-range users:

CNXa Account:
Minimum account size = $2,500
Minimum position size = 0.1 lot
Variable spreads typically from 1 pip with a minimum of 0 pips.
Commission (one-way) per 1 standard lot = $2.90
Scalping and Expert Advisors are allowed.
Leverage = 1:200
Digits quoted after the comma = 5
Number of currency pairs available = 20 (including 1 exotic)

CNXc Account:
Minimum account size = $2,500
Minimum position size = 0.1 lot
Variable spreads typically from 1 pip with a minimum of 0 pips.
Commission (one-way) per 1 standard lot = $2.90
Scalping and Expert Advisors are allowed.
Leverage = 1:50
Digits quoted after the comma = 5
Number of currency pairs available = 33 (including 9 exotic)

CNXd Account:
Minimum account size = $2,500
Minimum position size = 0.1 lot
Variable spreads typically from 1.1 pips with a minimum of 0 pips.
Commission (one-way) per 1 standard lot = $2.90
Scalping and Expert Advisors are allowed.
Leverage = 1:100
Digits quoted after the comma = 5
Number of currency pairs available = 36 (including 9 exotic)

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.