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Fastbrokers - Forex Broker Review

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Company:	Forex Trading Services LLC
On-line since:	2006
Regulation:	A member of the NFA with ID number:0342002 and registered with CFTC
Payment options:	Bank wire, pay pals and credit cards
Minimum account size:	$500
Minimum lot size:	0.01 lot
Leverage:	Maximum of 1:200
Spreads:	2 pips on EUR/USD

Fastbrokers, trading as Forex Trading Services LLC was established as a company in 2004 with the aim of providing high level of customer service along with commission discount to its derivative traders. In a short time lap, it grew globally and in 2006, made its first venture online. Its services benefit both the beginners and the professional traders.

My research on this broker showed that it provides a very fast and reliable service and greatly values its customers. It also provides high-end technologies to its clients through the different platforms available to the customers. It has also the support of highly qualified professional to help you achieve your goal as a trader.

What’s on offer?

Becoming a customer of Fasbrokers, you will be offered the following:

• You will have a choice of 3 different trading platform namely FastFxTrader, FastFxProFeed and FastFxProEcn. They all have different opening accounts starting from $500 to $10,000
• You will be offered with a free expert advisor builder (personally, I won’t mind one of those)
• Ability to trade multiple accounts
• Tight spread of 0-2 pips and floating spreads
• Ability to trade mini and micro lots, which I find, is a great advantage if you start trading a live account
• Large pool of liquidity
• Maximum leverage of 200:1
• News updates and professional support.

Pros:

• Scalping is allowed
• News trading is allowed
•You may trade ECN using MT4 platform (that is a definite plus
• Great customer service

Cons:

• It has on its policy agreement that it has the right to take back profit if it deems necessary. ((That would be a bit of a worry)
• They don’t always allow scalping though it says that the company does not penalize anyone doing so.

I personally have no experience using this particular broker. They have had good reviews from traders around the most popular forums on the net who seem to be pretty happy with their service. I would recommend you do some more research if ever you are intending to open an account with this broker.

Remember, always look for a broker that will suit your style of trading.

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