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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
  •  SeekingLight
  • Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
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.
  • Post #2
  • Quote
  • May 15, 2007 5:14pm May 15, 2007 5:14pm
  •  Moe
  • | Membership Revoked | Joined Mar 2005 | 4,703 Posts
Quoting SeekingLight
Disliked
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?
Ignored
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.
  • Post #3
  • Quote
  • May 15, 2007 5:16pm May 15, 2007 5:16pm
  •  Moe
  • | Membership Revoked | Joined Mar 2005 | 4,703 Posts
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.
  • Post #4
  • Quote
  • May 15, 2007 5:52pm May 15, 2007 5:52pm
  •  SeekingLight
  • Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Quoting Moe
Disliked
also if you want to play it safe try odl mt-4 they have same spreads or better but only 100:1 leverage.
Ignored


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.
  • Post #5
  • Quote
  • May 15, 2007 6:10pm May 15, 2007 6:10pm
  •  Moe
  • | Membership Revoked | Joined Mar 2005 | 4,703 Posts
Quoting SeekingLight
Disliked
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.
Ignored
yep
If I Go Broke Trying Then I Will die happy.
  • Post #6
  • Quote
  • May 15, 2007 8:47pm May 15, 2007 8:47pm
  •  bogdan
  • | Joined Sep 2006 | Status: Evolved | 42 Posts
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 ...
  • Post #7
  • Quote
  • May 15, 2007 10:14pm May 15, 2007 10:14pm
  •  PipStar
  • | Joined Mar 2006 | Status: Member | 748 Posts
Quoting SeekingLight
Disliked
I spoke/chatted with a Fastbrokers support person, they seem(!) to allow up/down to 50:1 leverage and micro lot sizes if asked.
Ignored
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.
  • Post #8
  • Quote
  • Sep 28, 2008 5:24pm Sep 28, 2008 5:24pm
  •  Rommin>
  • | Joined Sep 2008 | Status: Member | 5 Posts
They are a IB to FXDD
  • Post #9
  • Quote
  • Last Post: Sep 28, 2008 6:33pm Sep 28, 2008 6:33pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Rommin>
Disliked
They are a IB to FXDD
Ignored
... and even worse, they were IB to FXLQ after this experience i wouldnt even touch them with gloves
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