In this section we will analyze the broker 247firstinvest (also called 247firstinvest.com), is a Forex and CFD broker. Is 247firstinvest really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review 247firstinvest. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Crowd Tech Ltd.
As to its location, the broker mentions being based in: Australia and Cyprus.
If we analyze the regulation of the broker: 247firstinvest is authorized and regulated in Cyprus by the CySEC.
If now we go on to analyze account types offered by 247firstinvest, we note that they offer 4 different types of account / plans: Micro Account, Standard Account, Premium Account and VIP Account. We leave an image with a little information about each type of account.
Micro account: minimum initial deposit of $ 50.000, spread from 1 pips, leverage up to 1: 500, minimum trade size of 0.01 lots, fifth decimal place, market type execution, maximum trade size 40 standard lots, maximum simultaneous open orders 150, level margin call / stop out: 40% / 10%, personal account manager.
Standard Account: minimum initial deposit of $ 100.000, spread from 1 pips, leverage up to 1: 300, minimum trade size of 0.01 lots, fifth decimal place, market type execution, maximum trade size 60 standard lots per position, maximum simultaneous open orders 250 , margin call / stop out level: 50% / 20%, phone trading, fund management.
Premium account: minimum initial deposit of $ 250.000, spread from 0.6 pips, leverage up to 1: 100, minimum trade size of 0.1 lots, fifth decimal place, market type execution, maximum trade size 80 standard lots per position, maximum simultaneous open orders 300 , margin call / stop out level: 50% / 20%, phone trading, fund management, $ 6 / € 5 commission per standard lot turn.
VIP account: minimum initial deposit of $ 1.000.000, spread from 0.2 pips, leverage up to 1: 100, minimum trade size of 0.1 lots, fifth decimal place, market type execution, maximum trade size 80 standard lots per position, maximum simultaneous open orders 150 , margin call / stop out level: 50% / 20%, phone trading, fund management, $ 6 / € 5 commission per standard lot turn.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that 247firstinvest offers are: the MT4 platform.
We will now analyze the different resources and aids for traders that 247firstinvest provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
247firstinvest provides the following aids or resources to traders or interested parties: an economic calendar and currency calculators, really not much more than this.
| Other information about 247firstinvest |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: does not have.
Email: [email protected]
>>> Assessment on 247firstinvest <<
Ending with this section, in our opinion Do we believe that 247firstinvest company is trustworthy? Should you invest your money with the company?
The truth is that we recommend caution, because: it is a broker regulated by an unreliable entity, it is based in unsafe countries (Cyprus), when looking for reviews about 247firstinvest we did not find any other review, we believe that it is a new broker , no trajectory. We suggest using caution.
Medical Attention: in September 2020 CONSOB added to 247firstinvest to your list of fraudulent financial companies, for acting without authorization.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
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