Fasttrade

Fasttrade is a financial services firm registered in the United States, with a registered address at 67 Beverly Park Ct, Beverly Hills, CA 90210. The company was founded on March 10, 2021, according to public records. However, Fasttrade is not regulated by any recognized financial regulatory authority, which means it does not operate under the oversight of bodies such as the SEC, CFTC, or FCA.

As of our review, there is no verifiable information available from the company's official website or other independent sources to confirm the specific services, account types, or trading conditions it claims to offer. This lack of transparency is a significant factor in our assessment.

Our review confirms that Fasttrade holds no active financial services license from any reputable regulatory body. The absence of regulation is a critical red flag for trader protection, as it means the company is not required to adhere to strict standards regarding client fund segregation, capital adequacy, or dispute resolution.

Traders are strongly cautioned when considering any dealings with an unregulated entity. Without a license, clients have limited recourse in the event of a dispute or if the company fails to honor its obligations.

In FXCanary's assessment, Fasttrade carries a Scam Risk Score of 45/100, placing it in the 'Guarded' category. This score reflects the absence of regulation and the lack of independently verified operational history. The company's relatively recent founding date and the limited public information available further contribute to the cautious rating.

Given these factors, we advise traders to exercise extreme caution and perform thorough due diligence before engaging with Fasttrade. The risks are particularly high for potential clients who may be misled by unverified claims.