Firsttrade
abstrak：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.
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. |
Magbasa pa ng marami
Sa likod ng Orfinex Prime Brokerage: Isang kaso ng pagsalangsang at negligencia
Orfinex Prime: Mga Allegasyon ng Negligencia at Paglabas | Ang mga problema ng mga kliyente ay nagpapahayag ng mga hindi ligtas na pamamaraan sa pagbebenta, malinaw na presensya sa Dubai, at mga alalahanin ng pagsalangsang. Gumawa ng mga aksyon para sa proteksyon ng mga mamimili.
The pound, gilts and renewables: the winners and losers under Britain’s future PM
The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.
IMF cuts global growth outlook, warns high inflation threatens recession
The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.
Starting Forex Trading: Creating A Profit Plan
A key factor in building a successful and profitable trading career is making your own plans. Your transaction plan will provide a good framework for guiding ever-changing currency prices to profit.
Broker ng WikiFX
Exchange Rate
