I've tried Quickreader and Fastr, both iOS apps. Quickreader has a full page of text with a moving line that you have to keep up with. Faster flashes word groups on the screen. I like the Quickreader method better. I don't seem to absorb what I am reading as well with Fastr. Also Quickreader makes it easier to adjust the speed as you are reading and switch between normal reading and speed practice. It has a lot of great customization and options for importing books and other text.
When I first got Quickreader, I increased my speed from about 220 wpm to 350-380, depending on how tired I am. I was never able to break that barrier and eventually stopped trying, especially when most of my reading is for entertainment. I do think it helped me comprehend and retain more when skimming things like web articles and non-fiction reading.
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