FastBrokers offers one transaction account on the forex market with ECN style support, spreads with variable competition and leverage up to 1:50. Also, FastBrokers offers swap-free free accounts to investors with an Islamic belief. Account management, joint and corporate accounts are also available in this broker.
FastBrokers is an independent introducing broker (IIB) that has been active in the industry since 2005. It offers to trade in 46 currency pairs and over 600 futures contracts and options for futures on 16 exchanges.
As IB, they are not contractors for their clients' transactions, but their clearing parties may offer different transaction and execution styles. Behind the brand stands Fast Trading Services, LLC, a company registered as an Independent IB with the American Commodity Futures Trading Commission (CFTC).
Following the requirements of American law, he is also a member of the National Futures Association (NFA). Although US regulation is one of the best in terms of customer protection, strict laws are limited both from the perspective of traders and the broker.
First of all, brokers who register in the NFA must maintain net capital of at least USD 20 million. This amount is to guarantee the position of customers. That is, in fact, the highest minimum capital requirement in the world. Also, hedging is not appropriate here. The leverage is available up to 1:50. Most European brokers are free to offer levers up to 1: 1000 (or more).
FastBrokers is a well-regulated introducing broker in the United States. They have over ten years of experience in the financial markets sector. It offers competitive conditions for trading on the forex market and related products, as well as access to many exchanges.