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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. But is FaslyEX a legitimate broker or a scam?
In this review, we will examine the features, pros, and cons of FaslyEX and help you decide whether it is worth your time and money.
What is FaslyEX?
FaslyEX is an online trading platform that was launched in 2019. According to its website, FaslyEX is regulated by the Financial Services Authority (FSA) of Seychelles and has offices in London, Dubai, and Hong Kong. FaslyEX claims to provide a secure and transparent trading environment for its clients, as well as competitive spreads, fast execution, and excellent customer support.
FaslyEX offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the Platinum account requires $50,000. The accounts differ in terms of leverage, spreads, commissions, and access to educational resources and trading tools.
FaslyEX also offers a demo account that allows users to practice trading with virtual funds before risking real money. The demo account has the same features and functions as the live account.
What are the advantages of FaslyEX?
- A wide range of trading instruments: FaslyEX allows users to trade over 200 assets across different markets, including forex, stocks, commodities, indices, and cryptocurrencies. This gives users more opportunities and flexibility to diversify their portfolio and find profitable trades.
- A user-friendly and intuitive platform: FaslyEX uses the MetaTrader 4 (MT4) platform, which is one of the most popular and widely used trading platforms in the industry. MT4 is easy to use and customize, and it offers advanced features such as charting tools, indicators, expert advisors, and automated trading. Users can also access the MT4 platform on their web browser or mobile devices.
- A variety of payment methods: FaslyEX supports multiple payment options for deposits and withdrawals, such as credit cards, debit cards, wire transfer, Skrill, Neteller, WebMoney, and Bitcoin. The minimum withdrawal amount is $100, and the processing time varies depending on the method used.
- A responsive and helpful customer service: FaslyEX has a dedicated team of customer support agents who are available 24/5 via phone, email, or live chat. Users can also find answers to common questions on the FAQ section of the website.
What are the disadvantages of FaslyEX?
- A lack of regulation: Despite claiming to be regulated by the FSA of Seychelles, FaslyEX does not provide any proof or license number on its website. The FSA of Seychelles is not a reputable or credible regulator in the forex industry, and it does not offer much protection or oversight for traders. Moreover, FaslyEX does not accept clients from certain countries, such as the US, Canada, Japan, Australia, and New Zealand.
- A high minimum deposit: The minimum deposit for the Basic account is $250, which is higher than the average in the market. Some brokers offer accounts with as low as $10 or even no minimum deposit at all. A high minimum deposit can be a barrier for beginners or low-budget traders who want to start trading with a small amount.
- A lack of transparency: FaslyEX does not disclose much information about its trading conditions or fees on its website. For example, it does not specify the leverage ratio or spread for each account type or asset class. It also does not mention whether it charges any commissions or hidden fees. This makes it hard for users to compare FaslyEX with other brokers or make informed decisions.
- A poor reputation: FaslyEX has received many negative reviews and complaints from its clients on various online forums and websites. Some of the common issues reported by users are:
- Difficulty in withdrawing funds or getting refunds
- Unprofessional or rude customer service
- Manipulation of prices or execution
- Unauthorized charges or deductions from accounts
- False or misleading advertising or promotions
Is FaslyEX a scam?
Based on our research and analysis, we cannot recommend FaslyEX as a reliable or trustworthy broker. There are too many red flags and warning signs that suggest that FaslyEX is a scam or at least a very shady broker.
We advise you to avoid FaslyEX and look for other brokers that have a solid reputation and regulation in the market. You should also do your own due diligence and research before signing up with any broker or investing your money.
Remember, if something sounds too good to be true, it probably is.
What to Do If You’ve Lost Money with FaslyEX?
If you have been scammed by FaslyEX or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.