FASTFX (Myfastfx.com) is a CFD and Forex scam broker to hit the lucrative trading world. With promises such as simplified trading experience and intelligent market analysis, no wonder people have signed up. Problem with FAST FX is that there are just too many complaints going around regarding this Fake broker. To ensure you are on the safe side, read this detailed and honest FASTFX Review. Let the truth be told!
FASTFX comes off as a real and good website immediately you visit their homepage. Don’t let this fool you as we are sure scammers are behind it. Scammers want to grab your attention immediately you get to their site. What they do is offer visitors over the moon promises and never fulfil them. Jessica is one such victim who signed up with Fast FX. Now, she wished she never heard of them.
Traders will prefer a dependable robot that doesn’t lag or face any issues during live trading sessions.
These experts tested the resolve of these robots in placing multiple bets and the resounding performance ensured the robots got the thumbs up.
These automated bots are compatible with all devices and can sync simultaneously on any device you have. That means it makes it easy to trade on the go with your mobile and also desktop. These are the pros that make robots work efficiently for smart traders.
You get live price streaming on demo or even live accounts thanks to the versatility of automated robots. These robots are secure and come with 128-bit encryption that protects traders on all platforms.
Traders get to choose from a wide variety of trading strategies, these include auto-hedging, statistical strategies, scalping, and market sentiments. All these strategies fit the bill for all classes of traders.
Robots don’t get tired and work all day, seven days a week. And this gives the bot a chance to indulge into a deeper role of ensuring they keep profit levels high. The robots do the work for you even while you’re asleep.
Fast trade execution is important especially when executing automated trades. Forex scalpers will often use high-frequency trading strategies to enter and exit market positions in a day. Robots use dedicated servers to cater for fast execution of trades.
For those new to trading, customer support is essential and is highly valued by traders. You want a reliable support team that’s available 24/7.
With the selected trading robots, you get the best in terms of support.
Again, we have to mention how trading performance affects how the market works. You need to get the best out of trading to win.
Jessica signed up and deposited over $5000 to start trading. According to her, all her money went down the drain without winning even a single cent. Investors should never have to undergo such a horrific ordeal with real brokers. It means that this platform does not protect users from losses. FASTFX does not participate in a compensatory scheme making us question their legitimacy. Continue reading this review to find out more.
This might shock you but nobody really knows who actually owns FAST FX. It makes FastFx a really dangerous platform. Anonymity is what scammers do best and we are afraid this is no different. What these scammers have done is come up with a way to earn quick money. What they do is create a fake Forex website for people to deposit money into. How can they simply do this? By remaining anonymous.
Scammers are good at this. It makes people like Jessica victims in that she cannot get a hold of them. If this was a legitimate platform, they would have their address displayed on their homepage. In fact, no one really knows who developed this platform. That said, it's clear that we are dealing with a professional scam outfit. Best thing to do is to not waste a penny signing up with these brokers.
As we earlier said, FASTFX has used over the moon claims to trap investors. Promises such as being reliable and Convenient. How is FAST FX reliable when Jessica lost over $5000 in just under a few minutes? Convenient my foot, they are not professional in any way since they have not reached out to Jessica. A convenient practice would have made sure Jessica was covered by a compensatory scheme.
What about the promise that users can access FAST FX from anywhere on the planet? Also, not true as this platform is banned in Canada and the US. FastFX is also banned in Japan and other EU countries such as Spain and Italy. It’s clear that these governments are protecting citizens from FASTFX. Why then should you sign up with a fake platform that is not globally accepted? Nobody one knows anything about FASTFX.
Hell no. FastFX is not regulated anywhere on the face of the planet. What we did was contact a few regulatory bodies to confirm. Our first institution was the FCA who claimed never to have regulated FASTFX. Not giving up, we checked with CySEC which also was in the process of banning Fast FX. It means that Fast FX will be branded a scam by a majority of regulatory bodies.
A broker who is not regulated is bad news for all. It means that users may be depositing money into the owner’s personal account. What if this is a front for terrorists to get money for funding their attacks? No one can really show proof that we are dealing with a true platform. It's best to steer clear from FASTFX and never sign up with them. If you were thinking to sign up, now is the time to stop.
FASTFX claims to have the best trading platform the industry has ever seen. According to their website, they are using an MT5 trading platform. Some of the features they claim to have included a secure platform, NDD execution, Scalpers welcome, and Hedging. Other promises sold to us include real-time charts and advanced communication skills. All we did was test their platform to see what was all about.
Downloading MT5 Fast FX platform proved to be a burden. At first, we thought it was a slow connection, so we increased the speed of connection. Platform would not download. Download stalled at 85% which makes this platform unstable. An unstable platform is a huge risk factor for all users. Platforms such as these are easily hacked even by newbie hackers. Credit card information is what these hackers are looking for.
One of the fake things we noticed with FASTFX is that they are totally using a bot. Promise of real person chat is a lie. Furthermore, chat took hours to respond to our queries. What if these scammers have just put this chat box to get email listings? Yes, they could do this since one is required to leave an email address and phone number. FASTFX chat service is just taking personal information which is illegal.
In case a trader wants a fast solution to a problem, you are sure not to get it. In fact, we got tired of waiting for a response from FastFX. Another disturbing detail with this website is that there’s no email address to contact them with. Why is this the case? FastFX does not want you to contact them. It’s as simple as that. They are afraid you will want to get your money back, just like Jessica.
FASTFX is without a doubt a scam in the making. Nobody really knows who owns this site and makes it a dangerous scam. Best thing to do is avoid this broker platform and stay clear. Fast FX is a bomb waiting to explode. Pretty soon, authorities will here from this and take the whole site down. Don’t become another victim.
All we have to do is blacklist FASTFX as a Forex scam that should be shunned by all. Make sure you delete all their emails and mark them as Spam. Don’t click to a link that is sent by FASTFX as its probably malware to steal data. Stay safe always.
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