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First Brokers foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.fbrokers.io/, about the company's legal and temporary regulatory information, the company's address .

First Brokers Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

Tera Holdings Ltd.

Abbreviation

First Brokers

Company employee

Customer Service Email Address

support@fbrokers.io

Contact Number

+44-2038-853-613

Company Website

https://www.fbrokers.io/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: First Brokers's official site - https://www.fbrokers.io/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. First Brokers Review Summary Founded 2020 Registered Country/Region Hong Kong Regulation No Regulation Market Instruments Forex/Currencies, Cryptocurrencies, Commodities, Stocks Demo Account Unavailable Leverage 1:100-1:300 Spread N/A Trading Platforms N/A Minimum Deposit €250 Customer Support Phone Number: 02 0 8068 0274, +4 4-2038-852-011, -1896, +2 72-1204-8669 Email: support@fbrokers.com Address: Tera Holding Ltd, Flat A, 15F Hillier Comm, Bldg 65-67 Bonham Street East, HONG KONG What is First Brokers？ First Brokers is an unregulated trading platform based in Hong Kong that offers its clients access to a comprehensive suite of financial instruments across various asset classes, such as Forex/Currencies, Cryptocurrencies, Commodities, and Stocks. Pros & Cons Pros Cons Multiple Account Types No Regulation Lack of Information Pros: Multiple Account Types: The platform offers diverse account types, including Self Manage, Gold, and Platinum accounts,catering to various trading needs and experience levels. Cons: No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform. Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability. Is First Brokers Safe or Scam？ First Brokers currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection. Market Instruments First Brokers provides a diverse selection of trading instruments spanning multiple asset classes to cater to the needs of traders. These include Forex/Currencies, Cryptocurrencies, Commodities, and Stocks, offering a comprehensive range of options for traders to capitalize on various market opportunities. First Brokers ensures access to a wide array of assets to support diversified trading strategies and investment portfolios. Account Types First Brokers offers a range of minimum deposit requirements tailored to accommodate diverse trader preferences and investment levels. For the Platinum account, a minimum deposit of €50,000 is required, providing exclusive access to premium features and benefits. The Gold account requires a deposit of €10,000, while the Self Manage option has a minimum deposit of €250, catering to traders seeking more flexibility in managing their investments. Additionally, the VIP account offers customized services and benefits, with specific deposit requirements tailored to individual client needs. Leverage First Brokers provides varying maximum leverage options tailored to each account type to suit different trading preferences. The Platinum account offers a maximum leverage of 1:300, providing enhanced flexibility and potential for traders seeking premium features. The Gold account features a maximum leverage of 1:200, striking a balance between risk management and trading opportunities. For those opting for the Self Manage account, a maximum leverage of 1:100 is available, catering to traders with a preference for more controlled risk exposure. Deposits & Withdrawals First Brokers facilitates deposits and withdrawals through multiple convenient methods, including Visa and MasterCard, ensuring ease of transaction for clients. Additionally, the platform offers BTC Buying Options, allowing traders to utilize cryptocurrencies for funding their accounts or withdrawing funds. Customer Service First Brokers provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience. Phone: 02 0 8068 0274, +4 4-2038-852-011, -1896, +2 72-1204-8669 Email:support@fbrokers.com Address: Tera Holding Ltd, Flat A, 15F Hillier Comm, Bldg 65-67 Bonham Street East, HONG KONG Conclusion In conclusion, First Brokers offers diverse trading instruments to cater to different trading needs and allows trading with high leverage. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process. Frequently Asked Questions (FAQs) Question 1: Is First Brokers regulated？ Answer 1: No. It has been verified that this broker currently has no valid regulation. Question 2: Does First Brokers offer demo accounts？ Answer 2: No. Question 3: What is the minimum deposit for First Brokers？ Answer 3: The minimum initial deposit to open an account is €250. Question 4: Is First Brokers a good broker for beginners？ Answer 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also its inaccessible website. 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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

First Brokers broker review

Is First Brokers safe or scam

Rating Index

How to login to First Brokers ?

first brokers Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online brokerage can be daunting, especially for first-time users. This comprehensive guide aims to streamline the processes of registration, account opening, and logging into your "first

First Brokers Forex Broker - Complete Information Guide

1. Broker Overview

First Brokers is a relatively new entrant in the forex market, established to provide a diverse range of trading services. Although specific details about the company's founding year are not readily available, it is operated by Tera Holdings Ltd., which is purportedly based in Hong Kong. The company operates as a private entity, focusing on retail forex trading, commodities, and cryptocurrencies, aiming to cater to both individual traders and institutional clients.

The primary market for First Brokers includes forex traders across various regions, with a particular emphasis on attracting clients looking for competitive trading conditions and a wide array of trading instruments. However, the broker's rapid growth comes amidst increasing scrutiny in the online trading sector, where the legitimacy and safety of brokers are paramount.

The company claims to offer various account types and trading options, but the lack of transparency regarding its operational history and management team raises concerns. The absence of a solid track record in the industry suggests that potential traders should exercise caution when considering First Brokers as their trading partner. Overall, the business model focuses on retail forex trading, with aspirations to expand its services to include institutional offerings.

2. Regulatory and Compliance Information

First Brokers operates without regulation from any reputable authority, such as the Hong Kong Securities and Futures Commission (SFC). According to investigations, the broker is not listed as a regulated entity, which raises significant concerns about its legitimacy and compliance with industry standards.

Main Regulatory Bodies: None
Regulatory License Number: N/A
Regulatory License Validity and Scope: Not applicable
Legal Entities in Different Regions: Primarily Tera Holdings Ltd. in Hong Kong
Client Fund Segregation Policy: Not disclosed
Investor Compensation Fund Participation: Not applicable
KYC and AML Compliance Measures: Not specified

The lack of regulation implies that First Brokers does not adhere to the necessary oversight required to protect traders' funds and ensure fair trading practices. This situation exposes clients to risks such as fraud, mismanagement of funds, and untrustworthy trading practices.

3. Trading Products and Services

First Brokers offers a variety of trading products, primarily focusing on forex and commodities. The broker claims to provide access to numerous currency pairs, although specific numbers are not disclosed.

Forex Currency Pairs: Various major pairs, although specific details are not provided
CFD Product Categories: The broker includes commodities, indices, and cryptocurrencies in its offerings.
Unique Products or Trading Instruments: Not specified
Product Update Frequency: Not disclosed
Retail Trading Services: Offered
Institutional Client Services: Not specified
White Label Solutions: Not applicable
Asset Management Services: Not mentioned

Despite the claims of a wide range of products, the lack of clear information about specific offerings and their conditions may deter potential traders seeking transparency and reliability.

4. Trading Platforms and Technology

First Brokers claims to offer a modern trading platform, yet details regarding its functionalities and capabilities are limited.

MetaTrader 4/5 Support: Not mentioned
Proprietary Platform Details: Not specified
Web-based Trading Platform: Not disclosed
Mobile Application: Not specified for iOS/Android
Execution Model: Not clarified
Server Locations and Technical Infrastructure: Not provided
API Access and Automated Trading Support: Not mentioned

The absence of detailed information about the trading platform raises concerns about its reliability and performance, which are crucial for effective trading.

5. Account Types and Trading Conditions

First Brokers offers several account types with varying conditions, but specific details are lacking.

Standard Account Conditions: Minimum deposit of €250, but spreads and commissions are not disclosed.
Advanced Account Types: Not specified
Special Accounts: No information on Islamic or corporate accounts
Demo Account Policy: Not mentioned
Leverage Ratios: Up to 1:400
Minimum Trade Size: Not specified
Overnight Fees Policy: Not disclosed

The lack of transparency in trading conditions, including spreads and commissions, is unusual for a reputable broker and may lead to unexpected costs for traders.

6. Fund Management

First Brokers allows various deposit methods, although specific details are not provided.

Supported Deposit Methods: Bank transfer, credit card, and e-wallets are typically expected but not confirmed.
Minimum Deposit Requirements: €250 for standard accounts
Deposit Processing Time: Not specified
Deposit Fees: Not disclosed
Withdrawal Methods and Restrictions: Not mentioned
Withdrawal Processing Time: Not specified
Withdrawal Fee Structure: Not provided

The lack of clear information regarding fund management and withdrawal conditions may deter traders concerned about the safety and accessibility of their funds.

7. Customer Support and Educational Resources

First Brokers claims to offer customer support, although specific channels and availability are not detailed.

Support Channels: Expected to include phone, email, and live chat, but not confirmed
Service Hours and Time Zone Coverage: Not specified
Multilingual Support: Not mentioned
Educational Resource Types: Not disclosed
Market Analysis Services: Not specified
Trading Tools: Not provided

The absence of comprehensive customer support and educational resources may hinder traders, especially those new to the forex market.

8. Regional Coverage and Restrictions

First Brokers aims to serve a global market, but specific regions and limitations are not clearly defined.

Primary Service Markets: Not specified
Regional Office Distribution: Not disclosed
Countries/Regions Not Accepted: Not mentioned
Special Restrictions: Not provided

The lack of transparency regarding regional coverage and restrictions may pose challenges for potential clients looking to understand the broker's operational reach.

In conclusion, while First Brokers presents itself as a modern forex broker with a range of offerings, the lack of regulation, transparency, and detailed information raises significant concerns for potential traders. It is crucial for individuals to conduct thorough research and consider regulated brokers with a proven track record before making trading decisions.

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