English

1st Contact Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.1stconta..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), United KingdomFCAPayment License, South AfricaFSCAFinancial Service Corporate to enhance the security of the company's address One Croydon 12-16 Addiscombe Road Croydon CR0 0XT

1st Contact Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Sable International

Abbreviation

1st Contact

Company employee

Customer Service Email Address

info@1stcontact.com

Contact Number

+4402077597514

Company Website

https://www.1stcontact.com/forex

Company address

One Croydon 12-16 Addiscombe Road Croydon CR0 0XT

Facebook

https://www.facebook.com/SableInternational

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

Company profile

Aspect Information Company Name 1st Contact Registered Country/Area United Kingdom Founded Year 1995 Regulation FSCA(Exceeded), ASIC(Suspicious Clone), FCA(Suspicious Clone) Services Citizenship & Immigration,Financial Services,Corporate Services,Education,Offshore Property Market Instruments Forex Customer Support Email: money@1stcontact.com, info@1stcontact.com; Phone: +44 (0) 20 7759 7514; Online chat Deposit & Withdrawal UK debit cards for transactions Educational Resources Blog topics covering accounting, citizenship, forex, immigration, investment, study abroad, and wealth Overview of 1st Contact 1st Contact, established in 1995 and based in the United Kingdom, offers a range of services encompassing Citizenship & Immigration, Financial Services, Corporate Services, Education, and Offshore Property. While providing access to Forex trading, it operates without explicit regulation. The platform facilitates transactions through UK debit cards and maintains a robust customer support system via email, phone, and online chat. Additionally, users benefit from a wide blog covering a spectrum of topics including accounting, citizenship, forex, immigration, investment, study abroad, and wealth, enhancing their knowledge across various domains. However, the lack of regulatory oversight wil be a point of consideration for users seeking a more regulated trading environment. Nevertheless, the platform's extensive service offerings and educational resources contribute to its appeal for individuals navigating financial and lifestyle aspects. Is 1st Contact legit or a scam？ 1st Contact operates under the regulation of three key authorities, each granting specific licenses to ensure compliance. In South Africa, the Financial Sector Conduct Authority oversees the platform with a Financial Service Corporate license (License No. 41900), a status indicating that the platform has exceeded regulatory requirements since its effective date on April 12, 2011. Meanwhile, the Australia Securities & Investment Commission regulates 1st Contact under a Market Making (MM) license (License No. 335126). However, the platform is currently labeled as a “Suspicious Clone” in Australia, a status that is warrant further scrutiny. In the United Kingdom, the Financial Conduct Authority grants a Payment License (License No. 517570) to Sable International FX Limited, with the platform's regulatory status currently categorized as a “Suspicious Clone” since February 2, 2018. Pros and Cons Pros Cons Diverse Educational Blog Not Regulated UK Debit Card Acceptance Limited Transparency on Methods Wide Range of Services Not Available in Some Countries or Regions Multi-Channel Customer Support Pros: Diverse Educational Blog: The platform offers a comprehensive and educational blog covering topics such as accounting, citizenship, forex, immigration, investment, study abroad, and wealth. Users can access valuable insights and information across various domains. UK Debit Card Acceptance: 1st Contact accepts UK debit cards for transactions, providing users with a convenient and widely used payment method. This enhances accessibility for users in the United Kingdom. Wide Range of Services: The platform offers a wide array of services for various needs such as financial management, immigration assistance, study abroad opportunities, and wealth management. This comprehensive approach allows users to explore different services within a single platform. Multi-Channel Customer Support: Users benefit from multi-channel customer support, including email, phone, and online chat. This approach ensures accessibility and allows users to choose the most convenient method for seeking assistance. Cons: Not Regulated: The platform exceeds in lacking explicit information about its regulatory status, raising suspicions of being a potential clone. Regulatory oversight is essential for ensuring transparency, security, and adherence to financial regulations, which will be an issue for some users. Limited Transparency on Methods: The platform provides limited transparency regarding specific deposit and withdrawal methods. Users will find it challenging to obtain detailed information on these processes, potentially impacting their decision-making. Not Available in Some Countries or Regions: While offering a variety of services, 1st Contact is not available in certain countries or regions. This limitation restricts access for potential users outside the supported areas. Services 1st Contact offers a wide array of trading assets, spanning various sectors for the multifaceted needs of its users. In the realm of Citizenship & Immigration, the platform provides services to facilitate individuals in navigating the intricacies of immigration processes and citizenship acquisition. This includes support and guidance for those seeking to relocate or explore citizenship options. Within the ambit of Financial Services, 1st Contact extends its offerings to address the financial needs of users comprehensively. Whether it's managing personal finances, investments, or tax-related matters, the platform provides a suite of services to assist users in navigating the financial landscape effectively. In the domain of Corporate Services, 1st Contact facilitates solutions for businesses, offering support in areas such as company formation, compliance, and other corporate requirements. This encompasses a range of services to streamline corporate operations and ensure adherence to regulatory standards. Acknowledging the importance of education, 1st Contact provides services in the Education sector, aiding individuals in pursuing educational opportunities abroad. This includes guidance on educational institutions, visa processes, and related support services. Furthermore, 1st Contact recognizes the significance of investments in Offshore Property, providing users with resources and assistance in navigating the complexities of offshore property transactions. These trading assets collectively reflect 1st Contact's broad approach to meeting the various needs of its users across different sectors. Financial Services 1st Contact facilitates currency services for clients in various jurisdictions, tailoring its offerings to the specific regulatory landscape of each region: United Kingdom: Currency services in the United Kingdom are provided by Sable International FX Limited, ensuring compliance with the regulatory framework governing financial services in this jurisdiction. South Africa: For clients in South Africa, 1st Contact offers currency services through two entities: Sable International FX Limited and Sable International FX [PTY] Limited. This dual provision aligns with regulatory requirements and allows clients flexibility in choosing services. United States, Europe, and Canada: In the United States, Europe, and Canada, 1st Contact collaborates with Currency Cloud to provide currency services. This partnership structure enables adherence to regional regulations and offers clients in these jurisdictions access to a range of currency-related solutions. How to Open an Account？ Visit the Website: Begin by visiting the official website of 1st Contact. Navigate to the account opening section, usually found in the top menu or designated landing pages. Provide Personal Information: Complete the online application form by providing accurate personal information. This typically includes details such as your full name, contact information, date of birth, and other relevant identification details. Submit Supporting Documents: Upload the required supporting documents as specified by 1st Contact. This involves providing identification documents, proof of address, and any other documentation necessary for the selected account type. Verification Process: Undergo the verification process conducted by 1st Contact. This involves confirming your identity, reviewing the submitted documents, and ensuring compliance with any regulatory requirements. Account Approval and Activation: Once the verification process is successfully completed, await the approval of your account by 1st Contact. Upon approval, you will receive instructions on how to activate and access your newly opened account, allowing you to benefit from the selected services. Customer Support 1st Contact provides accessible customer support through various channels. Clients can reach out via email using money@1stcontact.com and info@1stcontact.com. For direct assistance, the company's phone number is +44 (0) 20 7759 7514. Additionally, an online chat feature is available, offering real-time support for inquiries and assistance. This multi-channel approach ensures that clients can choose the mode of communication that best suits their preferences, enhancing the overall customer service experience. Educational Resources 1st Contact offers a wide range of educational resources through its blog, covering a variety of pertinent topics. The blog serves as a valuable source of information, featuring updates on Accounting, Citizenship, Forex, General insights, Immigration processes, Investment strategies, Study Abroad opportunities, and Wealth management. Users can explore in-depth articles and updates on these subjects, empowering them with knowledge across various domains. This comprehensive approach to educational content serve individuals interested in financial matters, global mobility, and investment, providing valuable insights and keeping them informed on the latest developments in these key areas. Conclusion In conclusion, 1st Contact presents a multifaceted platform with notable advantages. Its educational blog provides users with a wealth of information on various topics. The acceptance of UK debit cards and the offer of every fifth transfer being free make transactions convenient and cost-effective. However, the platform lacks explicit regulatory information, raising issues about transparency and oversight. Limited transparency on deposit and withdrawal methods further impacts user decision-making. Despite these drawbacks, the platform's wide range of services and multi-channel customer support contribute positively to its overall appeal, offering users accessibility to a comprehensive suite of financial and assistance services. FAQs Q: How can I contact 1st Contact's customer support？ A: You can reach customer support via email at info@1stcontact.com, or call +44 (0) 20 7759 7514. Online chat support is also available. Q: What payment methods does 1st Contact accept？ A: 1st Contact accepts UK debit cards for transactions. Q: Is 1st Contact regulated？ A: 1st Contact is not regulated currently. Q: What services does the educational blog cover？ A: The blog covers various topics including accounting, citizenship, forex, immigration, investment, study abroad, and wealth. Q: Is 1st Contact available globally？ A: While providing a range of services, 1st Contact's availability varies by country or region.

1st Contact broker review

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1St Contact Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a 1St Contact Account Registering for a 1St Contact account is a straightforward process that allows you to access a range of services provided by the platfor

1St Contact Forex Broker - Complete Information Guide

1. Broker Overview

　　1St Contact, established in 1995, is a prominent financial services provider based in the United Kingdom. The company operates from its headquarters located at One Croydon, 12-16 Addiscombe Road, Croydon, CR0 0XT. It is a privately held entity that has significantly evolved over the years, catering primarily to expatriates and foreign nationals moving to the UK. The broker focuses on offering a diverse range of services, including foreign exchange (forex) trading, immigration assistance, and tax services.

　　Over its 27 years of operation, 1St Contact has achieved several key milestones. Initially starting as a small firm, it has grown into a multinational operation with offices in London, Melbourne, and Cape Town. The company claims to have assisted over 50,000 clients and processes more than 120,000 transactions annually in over 25 currencies. The parent company is known as Sable International, which encompasses a broader range of services beyond forex trading, including accounting and corporate services.

　　The business model of 1St Contact broker primarily revolves around retail forex trading, providing clients with access to various financial instruments. This comprehensive approach allows the broker to meet the diverse needs of its clientele, which includes individual traders and expatriates seeking assistance with financial and immigration matters.

2. Regulatory and Compliance Information

　　1St Contact operates under the regulatory framework of several jurisdictions. However, it is important to note that the broker is currently classified as unregulated in the UK. The primary regulatory bodies associated with 1St Contact include:

Financial Conduct Authority (FCA) - UK (License No. 517570)
Financial Services Board (FSB) - South Africa (License No. 41900)
Australian Securities and Investments Commission (ASIC) - Australia (License No. 335126)

　　The regulatory licenses held by 1St Contact broker indicate its compliance with local financial regulations, although the unregulated status in the UK may raise concerns for some potential clients. The broker ensures the segregation of client funds in compliance with regulatory requirements, holding them in a separate account at Barclays Bank PLC.

　　In terms of compliance, 1St Contact adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This involves verifying the identity of clients and monitoring transactions to prevent illicit activities. The brokers commitment to compliance reflects its dedication to maintaining a secure trading environment for its clients.

3. Trading Products and Services

　　The 1St Contact broker offers a wide array of trading products, primarily focusing on forex trading. The company provides access to a variety of currency pairs, including major, minor, and exotic pairs, catering to different trading preferences. The exact number of forex pairs available is not specified, but the broker supports a comprehensive selection to meet diverse trading strategies.

　　In addition to forex, 1St Contact also offers Contracts for Difference (CFDs) on various asset classes, including:

Indices
Commodities
Stocks
Cryptocurrencies

　　The broker is known for its competitive trading conditions, although specific details regarding spreads and commissions are not extensively disclosed. The product lineup is regularly updated to include new financial instruments, ensuring that clients have access to the latest market opportunities.

　　For retail clients, 1St Contact broker provides tailored trading services, while institutional clients can benefit from specialized services, including white-label solutions and asset management options. This dual approach allows the broker to cater to a broad spectrum of clients, from individual traders to larger financial institutions.

4. Trading Platforms and Technology

　　1St Contact does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are commonly used in the forex trading industry. Instead, the broker offers a proprietary trading platform that is designed to provide a user-friendly trading experience. This platform is accessible via web browsers, ensuring that clients can trade from various devices without the need for software downloads.

　　While there is currently no dedicated mobile application for trading, the web platform is optimized for mobile use, allowing clients to manage their accounts and execute trades on the go. The execution model employed by 1St Contact broker is primarily Market Making, which is important for clients to consider as it can impact trade execution and pricing.

　　The broker maintains a robust technological infrastructure, with servers located in secure data centers to ensure fast execution speeds. Additionally, 1St Contact provides API access for automated trading, allowing clients to integrate their trading strategies seamlessly with the brokers platform.

5. Account Types and Trading Conditions

　　1St Contact offers several account types to cater to different trading preferences and experience levels. The key account features include:

　　Standard Account:
　　Minimum Deposit: Not specified
　　Spreads: Competitive spreads applicable
　　Commission: Not specified
　　Advanced Account Types:
　　VIP Accounts: Tailored for high-net-worth individuals and experienced traders, offering enhanced features and lower trading costs.
　　Islamic Accounts: Available for clients who require Sharia-compliant trading options.
　　Demo Account: A demo account is available for clients to practice trading strategies without risking real capital.

　　The leverage offered by 1St Contact broker varies depending on the financial instrument, with typical leverage ratios ranging from 1:50 to 1:200. The minimum trade size and overnight fees are not explicitly detailed, and potential clients are encouraged to inquire directly for specific conditions.

6. Fund Management

　　1St Contact supports multiple deposit methods to facilitate client transactions. The accepted methods include:

Bank Transfers
Credit/Debit Cards
Electronic Wallets (specific providers not detailed)

　　The minimum deposit requirements vary by account type, but specific amounts are not disclosed. Deposits are processed promptly, although exact processing times are not specified.

　　Withdrawal methods are also available, with clients typically able to withdraw funds via the same methods used for deposits. The withdrawal processing times can range from 1 to 3 business days, depending on the method chosen. Withdrawal fees may apply, but specific details are not clearly outlined.

7. Customer Support and Educational Resources

　　1St Contact provides a range of customer support channels to assist clients effectively. These include:

Telephone Support: Available at +44 (0) 20 7759 7514
Email Support: Clients can reach out via money@1stcontact.com
Live Chat: Accessible through the broker's website during business hours.

　　The support team operates during standard UK business hours, ensuring that clients can receive assistance when needed. Additionally, 1St Contact offers multilingual support, catering to clients from various backgrounds.

　　The broker also emphasizes education, providing resources such as webinars, tutorials, and eBooks to help clients enhance their trading skills. Market analysis services, including daily reports and research updates, are available to keep clients informed about market trends and opportunities.

8. Regional Coverage and Restrictions

　　1St Contact primarily serves clients in the United Kingdom, Australia, and South Africa, with regional offices located in these countries. The brokers services are designed to cater specifically to expatriates and individuals relocating to the UK.

　　However, 1St Contact does not accept clients from certain jurisdictions, including the United States and other regions where local regulations may restrict its operations. Specific limitations regarding client acceptance are not exhaustively detailed, and potential clients are advised to confirm their eligibility directly with the broker.

　　In summary, 1St Contact broker presents a multifaceted platform designed to meet the needs of its diverse clientele, offering a range of services and products while maintaining a focus on compliance and customer support.

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