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FASTWIN

Vanuatu|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.progofx.com/

Website

Rating Index

Contact

info@progofx.com
https://www.progofx.com/
Lex Malcolm Fitness, Level 2, 136 Broadway, Newmarket, Auckland, 1023,NZ

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FASTWIN MARKETS LIMITED

Company Abbreviation

FASTWIN

Platform registered country and region

Vanuatu

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 40452) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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FASTWIN · Company Summary

Note: FASTWINs official site - https://www.progofx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

FASTWIN Review Summary in 4 Points
Founded 2-5 years
Registered Country/Region Vanuatu
Regulation Suspicious VFSC clone
Customer Support Email, address, QQ

What is FASTWIN?

FASTWIN

FASTWIN, claiming to be an online trading platform based in Vanuatu, raises serious concerns about its credibility, primarily due to the inaccessibility of its website. This, alongside its suspicious clone regulatory from VFSC, triggers questions about its legitimacy.

In this review, we plan to systematically dissect critical elements of FASTWIN's operations to shed light on its workings. If this topic appeals to you, we encourage you to read on. The article wraps up with a brief summary highlighting essential facets of the broker for easier reference.

Pros & Cons

Pros Cons
None • Suspicious VFSC clone
• Website inaccessible
• Negative feedbacks from their customers
• Lack of transparency

Assessing the broker reveals several substantial red flags. Notably, this firm doesn't showcase any discernible strengths but underscores numerous drawbacks. It carries a suspicious CGSE clone status, casting doubt on its legitimacy. The broker's website inaccessibility intensifies the issue of transparency. The negative customer feedback only adds to the credibility concerns.

Together, these problems suggest potential instability and serious doubts about the broker's trustworthiness.

Is FASTWIN Safe or Scam?

When considering the safety of a brokerage like FASTWIN or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: The broker, holding a suspicious VFSC (Vanuatu Financial Services Commission) clone license number 40452, poses potential risks of disguising as a genuine company. The unavailability of its website further compounds these concerns as it hinders transparency and limits clients' ability to gather vital details or maintain contact with the firm.

suspicious clone VFSC license
  • User feedback: WikiFX reports expose two primary issues with this entity - problems related to withdrawal and an inaccessible website. These are concerning factors that could significantly impact the entity's credibility and demands caution from potential traders.

  • Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.

Ultimately, the decision whether to engage in trading with FASTWIN or not is a personal one, necessitating a careful evaluation of the pros and cons before arriving at a conclusion.

User Exposure on WikiFX

WikiFX has registered 2 cases highlighting concerns around withdrawal issues and website inaccessibility. These significant concerns should be closely considered by traders. We urge users to leverage our platform's comprehensive insights before initiating trades. If a user has dealings with questionable brokers or has unfortunately been a victim, we highly recommend sharing these experiences in our 'Exposure' section. Such information is invaluable to our expert team in further investigating these entities and providing solution strategies.

User Exposure on WikiFX

Customer Service

FASTWIN extends customer support through email, physical address, and QQ - a popular instant messaging service. However, the quality and effectiveness of these support methods in addressing customer queries or concerns is vital to consider.

Phone: info@progofx.com.

Address: Lex Malcolm Fitness, Level 2, 136 Broadway, Newmarket, Auckland, 1023, NZ.

QQ: 800821122

Conclusion

FASTWIN, asserting itself as an online trading platform based in Vanuatu, is under significant scrutiny. Its credibility is in question as it's suspected to be a clone of a VFSC-regulated entity, suggesting a hazardous and under-regulated trading atmosphere. A non-accessible website and adverse feedback on WikiFX exacerbate concerns about FASTWIN's operational ethics and client relation.

Considering these serious issues, we advise potential traders to approach this platform cautiously, emphasizing transparent operations and adherence to regulatory protocols in their choice of a trading platform.

Frequently Asked Questions (FAQs)

Q 1: Is FASTWIN regulated?
A 1: No. It has been verified that this broker currently under suspicious VFSC clone status with number 40452.
Q 2: Is FASTWIN a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its suspicious clone condition, but also because of the unavailable website and negative reports from their customers.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

WikiFX Review: Can FASTWIN make you win indeed?

ExposureWikiFX Review: Can FASTWIN make you win indeed?

2022-12-06 16:49

FASTWIN is an online forex broker claimed to be registered in Vanuatu. However, according to reports, this broker has a disreputable historical record. What does this broker look like? Can FASTWIN make you win indeed?

WikiFX
2022-12-06 16:49
Exposure
WikiFX Review: Can FASTWIN make you win indeed?

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2

Comments

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njmki
more than one year
I'm disappointed with the service. My account got frozen due to charges for data I didn't subscribe to. The customer service is terrible; they couldn't resolve the issue.
2024-02-27 17:51
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FX1352776352
more than one year
No conscience. They don’t even deserve one star they take your money and disappear I have sent numerous emails but they ignore me I’m only trying to make a little extra money they are very convincing it’s not a fortune but to me it is!!!
2023-03-07 18:10
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