Firsttrade Spreads, leverage, minimum deposit Revealed

　　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

　　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

　　Frequently Asked Questions (FAQs)