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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