Fasttradeoptions Review: Broker Fast Trade Options a Scam

Fast Trade Options Review
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Summary

An unregulated, risky and yet attractive broker to trade with is a big No regardless of the temptation.

Fast Trade Options does not persuade professional binary options traders why they should use their service. So avoid them please.

If you’re here looking for the best trading tools or learning resources for Forex, please read this page.

Fasttradeoptions.com is a Binary Options broker offering stocks, currencies, Cryptocurrencies and commodities for trading.

Fast Trade Options claims that its company and its agents are registered and licensed in the US.

However, the broker is providing a UK-based phone number +4 420 386 85921 which appears to be the company’s headquarters’s phone number.

Customer support can also be reached with this US phone numbers: +1 415 691 9456.

They list these countries on their website (but no information is provided regarding clients from those countries): Germany, United Kingdom, Belgium, France, Spain, China, Hong Kong, Israel, Macao, Singapore, United Arab Emirates, Canada, Turkey, USA and Japan.

Fast Trade Options review

Email conversations can be forwarded to [email protected] or [email protected].

The broker also claims that their website’s operation is overseen by a company called Capital Market Crypto FX.

Details of this company do not exist anywhere. It appears that no company with the name Capital Markets Crypto FX was ever registered either in the US or Europe.

Furthermore, Fast Trade Options is not a licensed financial provider. If they claim to be located in the US, they should have been registered by the SEC or some other financial organization.

If they’re headquartered in the UK, they should be licensed by the FCA instead. Unfortunately, Fasttradeoptions does not have a license from any of the jurisdictions where it operates its business from.

This means that Fasttradeoptions is an illegal financial service and a possible scam.

It is basically operating like the following shady brokers: Marketssoft, TryMarkets, Xtt Capital and Raw Forex.

Fast Trade Options Review

The broker boasts of offering an excellent trading platform with trades that earn up to 95% in 60 seconds.

Binary Options is a controversial topic in the US mainly because it used (and still is) to be associated with fraudsters from Israel and Cyprus.

In August 2019, Lee Elbaz was convicted of binary options fraud by a Maryland judge.

Some time in September 2019, Gil Beserglik and his son Raz were charged with committing binary options fraud.

They were running 3 sites from a call center in Israel. These included Morton Finance, Bloombex Options and Starling Capital respectively. All of the three sites are now defunct.

Although it has not been publicly announced that the US has banned Binary options, the rising number of causes concerning binary options fraud in the US tend to make authorities frown at binary options brokers who provide their services to US residents.

Fast Trade Options is definitely a suspicious binary options broker and if indeed they are targeting US clients, it would be a matter of time before they catch the attention of the authorities.

The appeal of Fasttradeoptions is that returns per trade can be up to 95% and there are over 100 assets to trade.

They’re also making use of fantasy to attract clients to their websites. These live managers appear to be nothing but cam girls being used to engage customers who visit Fast Trade Options’ website.

Fast Trade Options claims that there are over 5,000 accounts in their systems and over 4 million trade volumes being conducted on their platform every month.

They claim to have released over $478499 in monthly payments to their trades. Average payment processing time is 56 minutes.

These figures from Fast Tarde Options seem highly probable and one thing we ask ourselves is whether FastTradeOptions can verify this data.

Having been registered in August 2018 (at a time when Binary options craze was dying down), one cannot say with certainty that this broker has the numbers.

FastTradeOptions review: Account Types

There are 3 account types offered by this broker.

Minimum Deposit not disclosed

24/7 live chat support: Yes

Withdrawal time: 1 hour

Demo account: Yes

Copy Trading tool: yes

Bonus: 20%

Minimum Deposit not disclosed

24/7 live chat support: Yes

Withdrawal time: 1 hour

Demo account: Yes

Copy Trading tool: yes

Bonus: 50%

Minimum Deposit not disclosed

24/7 live chat support: Yes

Withdrawal time: 1 hour

Demo account: Yes

Copy Trading tool: yes

Bonus: 100%

MasterClass Web session: Yes

Personal Success Manager: Yes

First 3 risk-free trades: Yes

Fast Trade Options Funding methods

There are a number of funding and withdrawal methods supported by this broker.

FastTradeOptions supports Visa, MasterCard, Bitcoin, Ethereum, Altcoins (not specified), Neteller, Skrill, Perfect Money and Vload.

Unregulated broker is a big fat No

In as much as the account types above sound attractive (the higher you go, the higher the deposit bonus), FastTradeOptions is still an unregulated broker.

This means that clients’ funds are never kept in a segregated account and secondly, no client will be entitled to any insurance in case the company goes under.

Thirdly, they can decide to mishandle their clients with no consequences at all.

Never trade with an unregulated broker such as Fast Trade Options.

Conclusion

FastTradeOptions.com is running the usual Binary Options trading platform for call and put options.

There’s nothing unique about them other than the claim that they process withdrawals under 1 hour (of which we are doubting).

If this broker lacks a license, it simply means you can’t trust them to process your withdrawal requests at all. This beats the logic of trading for profits in the first place.

Thanks for reading this Fast Trade Options review.

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