If you are looking for a reliable and trustworthy online broker, you might have come across FaslyEX. FaslyEX claims to offer a wide range of trading instruments, such as forex, stocks, commodities, indices, and cryptocurrencies. They also claim to provide low spreads, fast execution, and excellent customer support. But are these claims true? Or is FaslyEX a scam that you should avoid at all costs?
In this FaslyEX broker review, we will examine the features, pros, and cons of this broker, and help you decide whether it is worth your time and money.
FaslyEX Broker Features
FaslyEX is a relatively new broker that was established in 2020. They are based in St. Vincent and the Grenadines, which is a popular offshore jurisdiction for many online brokers. However, this also means that they are not regulated by any reputable authority, such as the FCA, ASIC, or CySEC. This raises some red flags about their credibility and safety.
FaslyEX offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, which is quite high compared to other brokers. The maximum leverage for all accounts is 1:400, which is also very risky and can lead to significant losses. The spreads vary depending on the account type and the market conditions, but they are generally higher than the industry average.
FaslyEX provides access to over 200 trading instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies. They use the MetaTrader 4 platform, which is one of the most popular and user-friendly platforms in the industry. They also have a web-based platform and a mobile app for convenient trading on the go.
FaslyEX claims to have a dedicated customer support team that is available 24/7 via phone, email, and live chat. However, many users have reported that they have experienced delays, unresponsiveness, and rude behavior from the support agents. Some users have also complained that they have been pressured to deposit more money or to accept unwanted bonuses.
FaslyEX Broker Pros and Cons
Pros:
- Wide range of trading instruments
- MetaTrader 4 platform
- Web-based platform and mobile app
Cons:
- Unregulated broker
- High minimum deposit
- High spreads
- Risky leverage
- Poor customer support
- Complaints of withdrawal issues and scam tactics
Conclusion
Based on our FaslyEX broker review, we do not recommend this broker to anyone who values their money and security. FaslyEX is an unregulated broker that has many negative reviews and complaints from its users. They have high fees, low-quality services, and shady practices that can put your funds at risk.
If you are looking for a reputable and regulated broker that offers competitive trading conditions and excellent customer support, you should check out our list of the best online brokers here.
What to Do If You’ve Lost Money with FaslyEX?
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