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Fastbrokersfx - anyone know them / have any experiences with them?

  • Post #1
  • Quote
  • First Post: May 15, 2007 3:41pm May 15, 2007 3:41pm
Hi!

As topic says.....spreads close to OANDA on the majors, 6 for GBPJPY, GBPCHF, 2 EURUSD...their demo spreads look heavenly and stay < 13 pips even during news.

They also offer mini AND if you specially request them, micro accounts(i.e. 7 cent per pip EURUSD), for as low as 500$ / 300,- EUR minimum deposit.

They, too, however charge quite a bit if you ever want to get your money back OUT again...well, a lot in relation to the account size if you do only use 500 / 300

Was considering testing them with a small amount to start with...

Has anyone had any experience with them?
With larger amounts of money, too ( > $5000 or 10k) and with regular withdrawals etc?
Trust price. Know yourself.
Quoting SeekingLight
Hi!

As topic says.....spreads close to OANDA on the majors, 6 for GBPJPY, GBPCHF, 2 EURUSD...their demo spreads look heavenly and stay < 13 pips even during news.

They also offer mini AND if you specially request them, micro accounts(i.e. 7 cent per pip EURUSD), for as low as 500$ / 300,- EUR minimum deposit.

They, too, however charge quite a bit if you ever want to get your money back OUT again...well, a lot in relation to the account size if you do only use 500 / 300

Was considering testing them with a small amount to start with...

Has anyone had any experience with them?
With larger amounts of money, too ( > $5000 or 10k) and with regular withdrawals etc?
they say they or an ib, like efx group with mb trading, so your money won't be with them but with the broker they or an ib for.
If I Go Broke Trying Then I Will die happy.
also if you want to play it safe try odl mt-4 they have same spreads or better but only 100:1 leverage.
If I Go Broke Trying Then I Will die happy.
Quoting Moe
also if you want to play it safe try odl mt-4 they have same spreads or better but only 100:1 leverage.


Do you mean http://www.odlsecurities.com/uk/forex.html ?

I spoke/chatted with a Fastbrokers support person, they seem(!) to allow up/down to 50:1 leverage and micro lot sizes if asked.
Trust price. Know yourself.
Quoting SeekingLight
Do you mean http://www.odlsecurities.com/uk/forex.html ?

I spoke/chatted with a Fastbrokers support person, they seem(!) to allow up/down to 50:1 leverage and micro lot sizes if asked.
yep
If I Go Broke Trying Then I Will die happy.
Yes, indeed, they have good spreads, but here is one thing that makes me RUN:

http://www.fastbrokersfx.com/about/fxvisit.php

Driving directions ... coming soon ... (yeah right)

I don't like brokers that I can't visit. That is a Suite address that can be purchased from any mail forwarding provider. I took their address from NFA page:

500 N. BRAND BLVD
SUITE 1950
GLENDALE, CA 91203
UNITED STATES
818-545-9955

And again, same suite.
Brainstorming ... the ...
Quoting SeekingLight
I spoke/chatted with a Fastbrokers support person, they seem(!) to allow up/down to 50:1 leverage and micro lot sizes if asked.
They state on their website leverage up to 200-1.

From what I have been able to gather, Fasbrokersfx are the forex division of FXLQ.
They are a IB to FXDD
  • Post #9
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  • Last Post: Sep 28, 2008 6:33pm Sep 28, 2008 6:33pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Rommin&gt;
They are a IB to FXDD
... and even worse, they were IB to FXLQ after this experience i wouldnt even touch them with gloves
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