In this section we will analyze the broker First FX Club, is a Forex broker. Is First FX Club 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 reviewed First FX Club. 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, by 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: First Complete LTD and Game Capital Ads Limited.
As to its location, the broker mentions being based in: supposedly UK (below we explain why we believe the UK base may not be real).
If we analyze broker regulation: it mentions being regulated by the FCA (UK regulator) with regulation number 435779, but this number belongs to another company. That is, First FX Club tries to impersonate a regulated company and lies about its regulation, this also makes us doubt its location, since if it were really based in the United Kingdom, it would be really regulated by the FCA.
If now we go on to analyze account types that First FX Club offers, we note that they offer 4 different types of account: the Standard Account, the Standard Account (2), the Gold Account and the Premium Account. We leave an image with a little information about each type of account.
Standard Account- Minimum initial deposit of $ 250.
Standard Account (2)- Minimum initial deposit of $ 2.500, live chat, access to all functions of the platform.
Gold Account- $ 20.000 minimum initial deposit, live chat, access to all platform functions, more information on Autochartist, SMS signals, VIP manager, individual hotline.
Premium account- Minimum initial deposit of $ 50.000, live chat, access to all platform functions, more information on Autochartist, SMS signals, VIP manager, individual hotline, special promotions, personal reports on the stock market.
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 First FX Club offers are: we believe that First FX Club's own platform.
We will now analyze the different resources and aids for traders that First FX Club provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
First FX Club provides the following help or resources to traders or interested parties (again, we remember that the website does not have a Spanish version): basic explanation about the products that First FX Club offers, not much more really.
Other information about First FX Club
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 442080788663
Email: [email protected] and firstfxclub.com (Skype)
>>> Rating on First FX Club <<
Ending with this section, in our opinion Do we believe that the First FX Club company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker that tries to impersonate a regulated one, it is not clear where it has a base, when looking for ratings on First FX Club we did not find any, which indicates that it is It is about a “new” company, the CNMV, the Spanish regulator, has marked it as a financial chiringuito. We suggest using caution.
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.
We leave a vote open so that traders, clients and users of the broker can vote.