Read our Fastrading review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a fastrading.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Fastrading is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Fastrading in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Fastrading Review Conclusions
Making the Fastrading review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Fastrading review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
The f have take my money of USD$6250.00 as they asked me to fill my credit card m immediately they took off but how they could have our cvv n just cheap off, the credit card center do nothing as they only ask you make report and the police man don’t investigate on case as it’s like norm to them. Then a lady will ask u to rejoin via pay another usd$130.00 to help u take back up money “f them”, I drop n they keep call u, via use UK number.
They are scams. Never invest money with them unless you want to loose. I had a phone call from this company at 10am and the person guided me through their website to make a deposit and trade. Btw deposit was paid to some company in Turkey. I had no trading experience previously but just bad reviews from friends about trading. So, I told him that I don’t want to trade as not ready to lose money but he insisted and said you will not loose at all. Same day in the evening I wanted to withdraw money but couldn’t do it and was told someone will call me. I spoke to their manager (well, that what he said) and told him that I dont want to trade and want to get my money back. To cut the long story short, I’ve lost my money! This is FRAUD!!! They do not do what they say!! I would recommend to stay away from this company!!!
File a police report and file a scam report with your bank
Absolute Lügner, Betrüger.
Name wie
Karina.Vlasova
Denis.Filatov
gehören zum Gefengnis und gar nicht in Brocker unternehmen. Falz jemand diesen Namen hört sofort auflegen 100% betrug
Fastrading is f****** company. I lost 5000 USD. They are fraud. Please don’t do business with them anybody. Their accounts manager Rossie Singh is a cheat. Don’t believe them anyhow.
Md Abdul Momen
[email protected]
+971528113064
NO.1 FRAUD COMPANY
Please stay away from this company. They will come up with so many attractive benefits. One Mr. Adam Walt, No.1 fraud account manager in that company. Talk like an expert in the financial market and insist us to deposit money to get the silver account then only we will get his support to do the trading. After investing they will show some benefits and tell us to put some amount to withdraw good amount in the next closing dates. After that they will call us and tell due to the financial market condition our amount loss due to margin call. To get the capital amount we have to invest some more amount. Thus they will loot our money. I have lost 5000 dollars. So please keep this in mind and advice everyone to away from FASTRADING fraud and FAKE company.
Fastrading is a corporate scam business, they kid you along and draw money from you to make bigger investments. The system does work but when you want to draw your money out it is impossible. They put obstacles in the way and say you need to be trading to make a withdrawal. The one guy was high on something in the mornings would talk at high speed in the afternoon was slurring and confused himself. I lost a total of $13,000. They kid you along to rip you off.
Fastrading is a number 1 cheat & fraud company. I lost 5000 USD with them.
How dare you give them 1 star they are a complete scam … Bullies / Rude / ruthless . they cut you out at rates that never trade up to 10 cent 25 % below the mkt low of the day on all other sites and close your take profits only if it goes km’s above.
250eur gone, stupid me!
Fastrading is such a horrible platform with worthless and fraudulent Account Managers ! The correct name for them should have been “FARCE TRADING” and not ‘Fastrading’).
The 2 Account Managers namely David and James (who is supposedly the boss of David) made me to lose over USD 55,000-. The biggest losing trades were : Apr 2021 – USD /TRY Buy 3,000,000- , EUR / TRY Buy 1,000,000- ; May 2021 – USD / CHF 250,000-; May/ Jun – Gold buy 100 units & Gold Sell 300 units (hedging as directed by the afore stated great Account Managers. All deals were 100% directed by these Account Managers . Every time I faced a big loss another Manager (James) calls me to say your account shows Red Alert. You need to immediately deposit USD 10,000- to come out of this situation . Always “make a deposit” , the company will support you with 30% Bonus). End of the day (yesterday my entire balance was wiped off with a great hedging deal of 300% on Gold. I challenge and can provide all trading evidence as well as tele conversation scripts of these two worthless managers if anyone wants). Main purpose of my posting this is because I don’t anyone more to get into their trap and lose all their hard earned money. THIS IS A WAKE UP CALL . BE CAREFUL WITH THIS FARCE TRADIN PLEASE
Mano Haran
Exactly the same for me, could not get in contact and cannot speak to a single member