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.
Basic information about Fastbrokers
| Website | Visit Fastbrokers |
| Type | ECN |
| Regulated by | NFA, CFTC, NIBA |
| Country | USA |
| Established in | 2004 |
| Live chat | yes |
Trading terms
| Commission (pips) | 0.29-0.29 |
| Fixed spread | no |
| Variable spread | yes |
| Spread on majors (pips) | 0.0-4.0 |
| Leverage | 50:1 |
| Minimum deposit (USD) | 2500 |
| Minimum trade size (USD) | 10000 |
| Accepts scalping | yes |
Available features
| Number of currency pairs | 19 |
| Precious metals (gold & silver) | yes |
| Oil | yes |
| Stocks, Indices, and/or CFDs | no |
| Hedging | yes |
| Trailing stop | yes |
| Free automated trading | yes |
| MetaTrader 4 | no |
| Mobile trading | yes |
Forex account
| Demo account | yes |
| Interest on unused balance | no |
| Islamic swap-free accounts | yes |
| Accepts U.S. citizens | yes |
| Payment by Bank wire | yes |
| Payment by Credit card | yes |
| Payment by PayPal | yes |
| Payment by check | yes |
| Other payment options | BPS |
| Account in USD | yes |
| Account in Euro | no |
| Account in GBP | no |
| Account in CHF | no |
| Account in JPY | no |
| Account in AUD | no |
| Account in CAD | no |
| Account in NZD | no |
| Account in CZK | no |
| Account in DKK | no |
| Account in HKD | no |
| Account in ILS | no |
| Account in NOK | no |
| Account in PLN | no |
| Account in RMB | no |
| Account in RUR | no |
| Account in SEK | no |
| Account in SGD | no |
| Account in ZAR | no |
Languages
| Arabic | no |
| Chinese | yes |
| Czech | no |
| Dutch | no |
| English | yes |
| French | yes |
| German | no |
| Greek | no |
| Hebrew | no |
| Indonesian | no |
| Italian | yes |
| Japanese | no |
| Korean | no |
| Malaysian | no |
| Polish | no |
| Portuguese | no |
| Russian | no |
| Spanish | yes |
| Turkish | no |
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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