Reported as a scam / unregulated
Why FastTrade is on the register
FastTrade claims to be a reliable broker without offering any information about its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated brokers always present their accreditation and license in a prominent position. It is a red flag. FastTrade claims it locates in the United States. We searched the United States National Futures Association (NFA), but found no matching broker. That means FastTrade is not authorised to provide forex services in the United States. Not regulated by any regulatores, investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.