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Fastrading

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Operating status: SCAM

Website: https://www.fastrading.com/

Broker violations and abnormal records
  • May 05, 2021 The Bank of Lithuania added Fastrading into the Unlicensed Entity Alert
    The Bank of Lithuania added Fastrading into its warning list, claiming that the company was providing financial services in Lithuania without authorization: https://www.lb.lt/en/the-list-of-entities-without-the-right-to-provide-financial-including-investment-services-in-lithuania.
  • Aug 31, 2021 BrokersView has reviewed that Fastrading is an unregulated forex broker

    Fastrading claims to be registered in St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 26034 BC 2020. However, we did not find any match results to Fastrading in SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities.

    More importantly, the Bank of Lithuania (LBE) has warned people that Fastrading was providing financial services in Lithuania without authorization. The truth is, Fastrading is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    Fastrading claims to be registered in St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 26034 BC 2020. However, we did not find any match results to Fastrading in SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities.More importantly, the Bank of Lithuania (LBE) has warned people that Fastrading was providing financial services in Lithuania without authorization. The truth is, Fastrading is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Jul 07, 2022 BrokersView has Found that Fastrading is not Working

    On 8 Jul 2022, BrokersView found the domain https://www.fastrading.com/ is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.


    On 8 Jul 2022, BrokersView found the domain https://www.fastrading.com/ is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.
  • May 21, 2023 The Singapore MAS issued a warning against Fastrading

    On May 22, 2023, the Monetary Authority of Singapore (MAS) issued a warning against Fastrading for operating in absence of proper authorization: https://www.mas.gov.sg/investor-alert-list

    On May 22, 2023, the Monetary Authority of Singapore (MAS) issued a warning against Fastrading for operating in absence of proper authorization: https://www.mas.gov.sg/investor-alert-list

Related Complaints

Q&A

What are the acceptable payment methods at Fastrading other than Visa?

Harkorede
Egypt
May 24, 2022
ANSWER Fastrading is not a licensed or regulated broker even though it states offers that look good to be true. Fastrading claims to be registered in the St Vincent & The Grenadines Financial Services Authority (SVG FSA) with registration number: 26034 BC 2020. However, we did not find any match results to Fastrading in SVG FSA. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities.More importantly, the Bank of Lithuania (LBE) has warned people that Fastrading was providing financial services in Lithuania without authorization. You can check the full warning from LBE.The truth is, Fastrading is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Fastrading and trade with licensed brokers.
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