General Information & Regulation
FasFx Trade is allegedly a forex and CFD broker registered in the United States that claims to provide its clients with over 100 tradable assets on the web-based trading platform, as well as 24/7 live chat support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that FasFx Trade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.29/10. Please be aware of the risk.
Market Instruments
FasFx Trade advertises that it offers access to more than trading 100 assets in financial markets, including forex, CFDs, binary options and bitcoin mining.
Account Types
There is no demo account offered by FasFx Trade and the smallest account requires a minimum initial deposit amount of up to $1000. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Trading Platform Available
The platform available for trading at FasFx Trade is web-based. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
FasFx Trade seems to accept deposits and withdrawals via credit card and bank transfers. The minimum initial deposit requirement to open the smallest account is as high as $1,000, while the minimum withdrawal amount is 50 units in your selected currency unless less than this amount remains in your account. In this case, you may make a final withdrawal of the remainder of your funds.
Customer Support
FasFx Trade‘s customer support can be reached by telephone: +1 9095002318, email: support@fasfxtrade.com or live chat. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
