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Fast Brokers Review

FastBrokers, a subsidiary of Fast Trading Services, LLC, offers simultaneous trading on multiple Forex ECN feeds streaming on a single trading platform through its proprietary ECN2 technology. By developing ECN2 (available on their proprietary platform PathFinder Trader™) FastBrokers gives to its clients tight spreads, ECN style execution, and the opportunity to choose which liquidity provider is offering the better conditions - before placing a trade. PathFinder Trader™ is also a professional trading tool which includes Level 2 (Depth of Market), a professional Charting package, one-click trading from multiple locations including trading from the Charts, and automated trading and back-testing through its own scripting language (PathScript).

FastBrokers is an Independent Introducing Broker Registered with the CFTC and member of the NFA since 2005. FastBrokers partnered with some of the most competitive liquidity providers and NDD based execution brokerages to offer its clients a fair environment where to trade currencies, as well as the opportunity to design custom liquidity landscapes based on each trader unique need. For these unique reasons, FastBrokers is able to accommodate any trading style, from News to High Frequency trading, as well as grey and black box execution.

By becoming a client of FastBrokers, traders will have access to several benefits deriving from the multiple relationships the brokerage maintains while trading on a  professional and exclusive forex platform. Being a large operation compared to other IBs, as well as devloping, owning and deploying its technology, makes FastBrokers a very attractive setup both for traders and FCMs/RFEDs, and providing to its client a strong offer and a highly competitive setup in terms of spreads and execution.

Overall, FastBrokers is a highly reputable and respected broker. Customer service is highly professional and is backed by leading edge trading technology that ensures the fastest execution and most transparent order routing in the business (they only deal with NDD, ECN and DMA connections through well known trading platforms such as Currenex®, Integral®, Fortex®, Stonex giving traders direct access to prices posted by banks and other liquidity providers).

Full segregation of client funds from company operating capital is also offered.

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Subjective Ratings

Charting: Four and Half star Charting Rating
Execution: Five star Execution Rating
User-friendliness: Four and Half star User-friendliness Rating
Customer support: Four and Half star Customer Support Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating
Rollover interest rates: Five star Rollover interest rates Rating
Withdrawal processing: Five star Withdrawal processing Rating
Platform Functionality: Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Four and Half star Average Rating

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Business Details

Broker Headquarters: Glendale, California, USA
Regulated By: NFA (ID#: 0342002)
CFTC Registered
Client Account Segregation: Yes (some restrictions apply)
Collect Taxes on Earnings: No
Accept US traders?:
Main liquidity providers: Currenex®, Integral®, Fortex®, Stonex
Also has offices in: None
Registered Business Name: Fast Trading Services LLC
In business since year: 2004
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0

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Trading Conditions

Browser platform: Fast Brokers Currenex Java Classic
Downloadable platform: PathFinder Trader™
Mobile platform: Coming Soon
Phone dealing: Yes
No Dealing Desk Execution: There is no dealing desk intervention
Fixed spreads: Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? No, orders are executed at best available price.
Hedging capability: Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
Trading Hours: Sunday 5.00 PM to Friday 04.00 PM EST
Timezone User defined
Scalping allowed: Yes, without restrictions
Account currencies available: CHF, EUR, GBP, USD
Platform languages: Many
Support languages: Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: 30 days
Live chat support: 24/5
Swap-free accounts  Yes - no extra fees are incurred on Islamic style accounts
Typical spread on EUR/USD: 0.4 pips (0.00004) on ECN2 feed
Order processing: DMA to multiple ECNs
OCO orders available: Yes
Trailing Stops: Client-side
If/then orders available: Yes
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Tradeable Instruments: 21   
Automated Trading: Yes
Depth of market view (Liquidity): Yes
Interest on Margin: No
Pending Orders Away from Market: 0 pips (No restriction)

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Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.
* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

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