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FIRST CAPITAL FUTURES Forex broker specializes in providing foreign exchange trading services, the company's official website https://fcfco.cfmmc...., the company's legitimate regulatory information ChinaCFFEXFutures License to enhance the security of the company's address 北京市西城区德胜门外大街13号院1号楼5层508B1室

FIRST CAPITAL FUTURES Forex Broker

Basic Information

Registered Region
China
Operating Period
--
Company Name
FIRST CAPITAL FUTURES CO.,LTD.
Abbreviation
FIRST CAPITAL FUTURES
Company employee
--
Customer Service Email Address
qhts@fcfco.cn
Company Website
Company address
北京市西城区德胜门外大街13号院1号楼5层508B1室
Keywords
5-10 years
Regulated in China
Futures License
Self-developed
Suspicious Scope of Business

Company profile

FIRST CAPITAL Review SummaryFounded2000Registered Country/RegionChinaRegulationCFFEX regulatedMarket InstrumentsFuturesDemo Account❌Trading PlatformComputer software: Boyi Cloud Trading Edition, I Ching Gold, First Venture Futures Independent Entrustment Software, Trading Pioneer, Boyi Master 7-Simulated Trading PC Version, MD5 detection toolMobile software: I-Chuang Futures, Mobile version of Yisheng Yixing APPMin Deposit/Customer SupportEmail: qhts@fcfco.cn; ycqhxf@fcfco.comPhone: 400-181-8811; 010-66016028-7053Physical Address: Room 508B1, 5th Floor , Building 1 , No. 13 Deshengmen Outer Street, Xicheng District , Beijing FIRST CAPITAL is a futures broker registered in China in 2000. FIRST CAPITAL provides eight kinds of trading platforms for trading futures on renowned Chinese exchanges. The broker is legally regulated by the China Financial Futures Exchange (CFFEX).Pros and ConsProsConsLong history of operationLimited account typesComprehensive customer serviceMultiple trading choicesCFFEX regulatedMultiple payment methodsIs FIRST CAPITAL Legit? FIRST CAPITAL is a future broker licensed by the China Financial Futures Exchange (CFFEX). Its license number is 0310. Additionally, the domain name for this company was registered on March 7, 2000, was last updated on March 7, 2024, and will expire on March 7, 2025.Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberChina Financial Futures ExchangeFirst Venture Futures Co., Ltd.Futures License0313What Can I Trade on FIRST CAPITAL? FIRST CAPITAL offers futures from Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, China Financial Futures Exchange, and Shanghai International Energy Exchange. The specific types of futures include agricultural products such as white sugar, cotton, and peanuts, as well as non-agricultural products like thermal coal, PTA, and methanol. For more details, please refer to: https://futures.fcsc.com/Catalog_66.aspxTradable InstrumentsSupportedForex❌Commodities❌Indices❌Cryptocurrencies❌Stocks❌Futures✔Bonds❌Options❌How to Open a FIRST CAPITAL Account? To open an account on the website of FIRST CAPITAL, follow these steps:Click on the “Open a futures Account” .Enter your personal information including name, ID number, phone number, and email and set up a password.Upload a clear picture of yourself for identity verification.Complete the basic information form regarding your financial situation, and risk tolerance level.Select account type.Select exchanges you want to trade on.Before submitting your application, read and approve the terms and conditions set out in the First Capital account opening agreement.Pass the video verification.Install a digital certificate on your computer.Take a short online survey.Fees The fee structure of FIRST CAPITAL comprises a Transaction Commission, a Delivery Commission, and a Rights and Performance Commission. Transaction Commission: This is set at 2.5 times the exchange fee. Delivery Commission: This is collected from both parties involved in the transaction and the delivery fee is set at 2 times the exchange fee Rights and Performance Commission: This is charged for financial options, with transaction fees set at 2.5 times the exchange fee.Trading platform FIRST CAPITAL offers eight types of platforms, some accessible via computer and others suitable for use on phones. Computer software: Boyi Cloud Trading Edition, I Ching Gold, First Venture Futures Independent Entrustment Software, Trading Pioneer, Boyi Master 7-Simulated Trading PC Version, MD5 detection tool Mobile software: I-Chuang Futures, Mobile version of Yisheng Yixing APP You can find the download links for each platform on this website: https://futures.fcsc.com/Catalog_33.aspxDeposit and Withdrawal FIRST CAPITAL supports deposits and withdrawals through bank transfer, online banking, and third-party payment methods. The supporting banks include China Construction Bank, Agricultural Bank of China, and more.

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How to login to FIRST CAPITAL FUTURES?
first capitals Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, but with our comprehensive guide to the first capitals platform, youll find that the processes of registration, account opening, and login are straightfor

First Capitals Forex Broker - Complete Information Guide

1. Overview of the Broker

First Capitals, established in 2007, is an online trading broker that has gained attention in the forex and CFD markets. The company operates under the full name First Capitals Limited and is headquartered in multiple locations, including Kuala Lumpur, Malaysia, and Dubai, United Arab Emirates. It is important to note that First Capitals is a privately held entity and not publicly listed.

The broker primarily serves retail clients and institutional investors, offering a range of financial products including forex, stocks, commodities, and cryptocurrencies. Over the years, First Capitals has expanded its services, establishing a reputation for providing various trading options and account types tailored to different trader needs. The company has also made strides in integrating technology into its trading platforms, allowing for a more efficient trading experience.

First Capitals operates under a business model that focuses on retail forex trading, providing access to a wide array of financial instruments. The broker's growth has been marked by its commitment to customer service and technological innovation, aiming to attract a diverse clientele interested in trading various asset classes.

2. Regulation and Compliance Information

First Capitals claims to be regulated by several financial authorities across different jurisdictions. However, it is crucial to highlight that the broker does not hold licenses from any major regulatory bodies. According to various reports, the broker has been identified as unregulated and is listed among clone firms by the Financial Conduct Authority (FCA) in the UK.

The regulatory numbers and details are not publicly disclosed, raising concerns about the safety of client funds. First Capitals does not maintain segregated accounts for client deposits, which is a standard practice among reputable brokers to ensure the safety of client funds. Furthermore, there is no indication that the broker participates in any investor compensation schemes, which would provide additional protection for clients in case of insolvency.

The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is also unclear, as there are no publicly available documents outlining their procedures. This lack of transparency regarding regulatory compliance is a significant red flag for potential clients considering trading with First Capitals.

3. Trading Products and Services

First Capitals offers a diverse range of trading products to its clients. The broker provides access to over 40 currency pairs, including major, minor, and exotic pairs. In addition to forex, First Capitals offers Contracts for Difference (CFDs) on various asset classes, including:

  • Indices: Major global indices such as the S&P 500 and FTSE 100.
  • Commodities: Precious metals like gold and silver, as well as energy products such as crude oil.
  • Stocks: A selection of shares from prominent companies across different sectors.
  • Cryptocurrencies: Popular digital currencies including Bitcoin, Ethereum, and others.

The broker is known for its competitive spreads, although specific spread values vary depending on the account type. First Capitals frequently updates its product offerings, aiming to meet the evolving needs of traders. Retail trading services are complemented by institutional services, including tailored solutions for asset managers and hedge funds.

4. Trading Platforms and Technology

First Capitals primarily utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and advanced trading features. The MT4 platform supports automated trading through Expert Advisors (EAs), providing traders with the ability to implement algorithmic trading strategies.

In addition to MT4, First Capitals offers access to a web-based trading platform that allows for trading directly from a browser without the need for software installation. The broker also provides mobile trading applications for both iOS and Android devices, ensuring that traders can manage their accounts and execute trades on the go.

The execution model employed by First Capitals is primarily Market Making, which means that the broker acts as the counterparty to trades. This model can lead to potential conflicts of interest, as the broker may benefit from clients' losses. The broker's technology infrastructure includes servers located in strategic regions to ensure low latency and fast order execution.

API access is available for traders looking to integrate their trading strategies with third-party tools, enabling automated trading and enhanced trading capabilities.

5. Account Types and Trading Conditions

First Capitals offers several account types to cater to different trading preferences and experience levels. The standard account, known as the Bronze Account, requires a minimum deposit of $200 and provides access to basic trading features. The account conditions typically include:

  • Spreads: Starting from 1.7 pips on major currency pairs.
  • Commission: The broker claims to have no commissions on trades, relying instead on spreads for revenue.

Higher-tier accounts, such as Silver, Gold, and VIP Accounts, offer additional benefits such as lower spreads and personalized customer support, but specific details regarding minimum deposits and conditions for these accounts are not clearly outlined.

First Capitals does not offer micro accounts, which may be a drawback for traders looking to start with smaller positions. The leverage offered by the broker is up to 1:500, which is attractive for traders looking to maximize their trading potential. However, it is essential to note that higher leverage also increases the risk of significant losses.

The broker's overnight fees and policies regarding swaps are not explicitly stated, which may lead to uncertainty for traders regarding the costs associated with holding positions overnight.

6. Fund Management

First Capitals supports a variety of deposit methods, including bank transfers, credit cards, and cryptocurrencies such as Bitcoin and Ethereum. The minimum deposit requirement varies by account type, with the lowest being $200 for the standard account.

Deposits are typically processed quickly, but specific processing times are not provided. The broker claims to have no deposit fees, which can be an advantage for traders looking to maximize their initial investment.

Withdrawal methods include bank transfers and cryptocurrency transactions. However, clients have reported difficulties and delays when attempting to withdraw funds. The withdrawal processing times are said to be within two business days, but many users have experienced longer wait times. Additionally, a withdrawal fee of 4% has been noted, which could significantly impact traders looking to access their profits.

7. Customer Support and Educational Resources

First Capitals provides customer support through multiple channels, including email and phone. However, there is no live chat option available, which may limit immediate assistance for traders in need of urgent help. The support team operates during standard business hours, but specific time zone coverage is not detailed.

The broker claims to offer multilingual support, although the exact languages available are not specified. Educational resources provided by First Capitals include webinars, tutorials, and eBooks aimed at helping traders improve their skills and knowledge.

Market analysis services are also available, with daily updates and reports provided to clients. However, the depth and quality of these resources may vary, and traders are encouraged to seek additional independent analysis to inform their trading decisions.

8. Regional Coverage and Restrictions

First Capitals serves clients primarily in regions where online trading is permitted. The broker has established offices in various locations, including Malaysia, Dubai, and Mauritius. However, it is important to note that First Capitals does not accept clients from certain countries, including the United States and Japan.

The broker's regional presence aims to cater to a global client base, but specific restrictions may apply depending on local regulations. Traders are advised to verify their eligibility to open an account with First Capitals based on their country of residence.

In conclusion, First Capitals presents itself as a comprehensive trading platform for forex and CFDs, but potential clients should exercise caution due to the lack of regulation and transparency regarding its operations.

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FIRST CAPITAL FUTURES Forex Broker has an overall rating of 7.88, Regulatory Index 7.83, License Index 7.83, Business Index 7.45, Software Index 7.05 Risk Control Index 9.69.
FIRST CAPITAL FUTURES