FastOne

FastOne Global Financial Markets Limited, trading as FastOne, is an online broker registered in the Republic of Mauritius. The firm was founded on 6 September 2021, according to regulatory records, though its website claims incorporation in 2013. The broker operates from a registered address at The Cubicle, Suite 110, 35-37 Royal Road, Phoenix, Mauritius. It provides retail and professional traders with access to leveraged CFD trading across multiple asset classes via the MetaTrader 4 and MetaTrader 5 platforms.

FastOne is licensed by the Mauritius Financial Services Commission (FSC) under a Securities Trading License (EP) with licence number C113011860. The FSC is the financial regulator for non-bank financial services in Mauritius. While regulation by an offshore commission is less stringent than major jurisdictions like the FCA or ASIC, it does impose obligations on the broker, such as client fund segregation and reporting. Our review cross-checked the licence on the public FSC register and confirmed it as active. The firm also holds a Category 1 Global Business License.

The broker claims to segregate client funds and does not manage portfolios or funds directly. However, investors should be aware that FSC regulation offers a lower level of investor protection compared to some Tier-1 regulators. Compensation schemes or external dispute resolution bodies may not be available.

FastOne provides the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, including web-based versions. These platforms are known for their advanced charting tools, technical indicators, and support for algorithmic trading via Expert Advisors (EAs). The broker highlights low-latency execution through servers located in Equinix LD4 (London), connecting directly to major liquidity providers.

A demo account is available for traders to test strategies before going live. The broker does not appear to offer proprietary platforms or mobile-only apps, relying on the established MT4/MT5 ecosystem.

FastOne offers three live account tiers: Standard, Gold, and Zero Spread. The Standard account requires a minimum deposit of $100 and offers leverage up to 1:300. Both the Gold and Zero Spread accounts require a $1,000 minimum deposit and cap leverage at 1:200. The Zero Spread account is marketed for traders seeking the lowest possible spreads, while the Standard account is aimed at entry-level traders. Leverage up to 1:500 is mentioned on the homepage, but it is not clearly linked to a specific account type; our review advises verifying directly with the broker.

The broker does not prominently display its spread figures or commission structures in the public domain. Traders should note that the 'raw spreads' claim suggests a commission-based pricing model, where the spread is near zero and a per-lot fee applies. However, this is not explicitly detailed on the website.

FastOne offers trading on over 75 instruments, including major and minor forex pairs, gold and other bullion, indices, and CFDs on commodities. The broker's website also mentions 'equity' trading through partnerships, but specifics are limited. The product range is moderate compared to larger brokers that offer hundreds of instruments.

The instruments are available for trading as CFDs, meaning traders do not own the underlying assets. This allows for leveraged positions but also carries higher risk. The broker does not list the full instrument list on its public website, so traders should contact support for exact details.

Deposits and withdrawals are processed within 24 to 48 hours, according to the broker. Accepted methods include bank transfers (in GBP, USD, EUR, or MUR), credit cards, and Skrill. The minimum deposit varies by account type: $100 for Standard, $1,000 for Gold and Zero Spread. There is no mention of fees for deposits or withdrawals, but traders should confirm with the broker. Enhanced due diligence may delay larger transactions.

Withdrawal requests are processed back to the original funding method where possible. The broker does not appear to accept cryptocurrency or e-wallets beyond Skrill.

FastOne targets retail traders worldwide, with a focus on clients in Europe, the Middle East, North Africa, and Southeast Asia. The broker offers multilingual support in English, Polish, and Chinese. Its product range and leverage options make it suitable for both beginners (Standard account, low minimum deposit) and more experienced traders (Gold and Zero Spread accounts, higher leverage).

However, the FSC regulation may be a deterrent for traders in strict jurisdictions who prefer higher-tier oversight. The broker warns that CFD trading carries significant risk and is not suitable for everyone. Our assessment notes that while FastOne appears legitimate, its offshore regulation and limited public transparency mean it carries a guarded risk profile.