Score
Firsttrade
Saint Vincent and the Grenadines|2-5 years| https://firsttrade-corp.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
Users who viewed Firsttrade also viewed..
EC Markets
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Neex
- 15-20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
CPT Markets
- 10-15 years |
- Regulated in United Kingdom |
- Market Making(MM) |
- MT4 Full License
Website
firsttrade-corp.com
Server Location
Russia
Website Domain Name
firsttrade-corp.com
Server IP
185.165.123.36
Company Summary
Note: Firsttrade is to operate via the website - https://firsttrade-corp.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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 contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No Regulation |
| Market Instrument | forex | cryptocurrency |
| Account Type | Micro | Standard | Crypto | ECN Prime |
| Demo Account | N/A |
| Maximum Leverage | N/A |
| Spread | N/A |
| Commission | N/A |
| Trading Platform | N/A |
| Minimum Deposit | $500 |
| Deposit & Withdrawal Method | N/A |
Firsttrade is allegedly a financial services company registered in int Vincent and the Grenadines that provides its clients with a choice of four different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, etc.
As for regulation, it has been verified that Firsttrade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.33/10. Please be aware of the risk.
Market Instruments
Firsttrade appears to provide its clients with forex and cryptocurrency trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
Firsttrade claims to offer four types of live trading accounts, namely Micro, Standard, Crypto and ECN Prime. The minimum initial deposit amount is as high as $500 for the Micro and Standard account, and $1,000 for the Crypto account, which no specific information on the ECN Prime account. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Deposit & Withdrawal
The minimum initial deposit requirement with Firsttrade is said to be up to $500. Without access to its official site, we cannot say what kind of payment methods are available with the broker.
Customer Support
Firsttrade‘s customer support can be reached by telephone: +9 (876) 543 21 09, email: info@firstrade.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| Multiple account type options | • No regulation |
| • Website inaccessible | |
| • High minimum initial deposit required |
Frequently Asked Questions (FAQs)
| Q 1: | Is Firsttrade regulated？ |
| A 1: | It has been verified that Firsttrade currently has no valid regulation. |
| Q 2: | What is the minimum deposit for Firsttrade？ |
| A 2: | The minimum initial deposit to open the basic Micro or Standard account is up to $500, while $1,000 for the Crypto account. |
| Q 3: | Is Firsttrade a good broker for beginners？ |
| A 3: | No. Firsttrade is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and too high initial deposit. |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Content you want to comment
Please enter...
Review 1
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now