Roisea Forex Broker

First Ratio Limited Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　First Ratio Limited is an online forex broker that has emerged in the trading landscape within the last couple of years. Established in Hong Kong, the company operates without any regulatory oversight, which raises significant concerns regarding its legitimacy and operational practices. The primary office of First Ratio Limited is located at 11th Floor, Room 32, Lee Ka Industrial Building, 8 Wu Fong Street, San Po Kong, Kowloon, Hong Kong. The company is privately held and has not undergone any public listing.

　　First Ratio Limited primarily serves retail traders and investors, providing access to a range of financial instruments including forex pairs, commodities, and indices. The broker claims to cater to both novice and experienced traders, offering a platform that supports various trading strategies. However, the lack of regulatory oversight and transparency in its operations has led to skepticism about its reliability.

　　Over the past year, First Ratio Limited has made significant strides in establishing its market presence, although it has faced criticism for its unregulated status. The companys business model focuses on retail forex trading, allowing clients to engage in speculative trading across multiple asset classes. Despite its claims of providing a professional trading environment, potential clients are advised to conduct thorough research before engaging with this broker.

2. Regulatory and Compliance Information

　　First Ratio Limited operates without any valid regulatory licenses, which poses a substantial risk for potential investors. The company claims to be regulated by the National Futures Association (NFA) under the regulatory number 0555300. However, this license is considered a clone, indicating that the broker is not legitimately regulated. The NFA is a self-regulatory organization in the United States that oversees the futures industry, but it does not provide oversight for the operations of First Ratio Limited.

　　The absence of a regulatory framework means that First Ratio Limited does not adhere to the stringent compliance measures typically required of licensed brokers. This includes the lack of client fund segregation policies, which are crucial for protecting investor assets. Furthermore, there is no participation in any investor compensation schemes, which would provide a safety net for clients in case of broker insolvency.

　　First Ratio Limited has not disclosed its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, raising further concerns about its operational transparency. The lack of clear regulatory oversight and compliance measures may expose clients to potential fraud and financial loss.

3. Trading Products and Services

　　First Ratio Limited offers a diverse range of trading products designed for various trading strategies. The broker provides access to foreign exchange (forex) markets, allowing traders to engage in the buying and selling of major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. In addition to forex, First Ratio Limited also offers trading in commodities including crude oil and precious metals like gold and silver.

　　The broker claims to provide trading on various indices, which represent a collection of stocks from specific markets. However, detailed information regarding the exact number of forex pairs and indices available for trading is not clearly outlined on their platform. First Ratio Limited is also rumored to offer Contracts for Difference (CFDs), but the specific categories and details of these products are not transparently presented.

　　Despite the broad range of products, First Ratio Limited's lack of clarity regarding product offerings and updates raises concerns about the reliability of its services. The broker's commitment to continuously updating its product range is unclear, which could impact traders looking for new investment opportunities.

4. Trading Platform and Technology

　　First Ratio Limited supports the MetaTrader 5 (MT5) trading platform, which is recognized globally for its advanced trading capabilities. MT5 offers a user-friendly interface, powerful technical analysis tools, and automated trading features through Expert Advisors (EAs). The platform is available for multiple devices, including desktop, iOS, and Android, allowing traders to access their accounts and execute trades from anywhere.

　　While First Ratio Limited promotes the use of MT5, there are concerns regarding the reliability of the platform, as some sources have not been able to confirm its availability. The broker claims to provide a stable trading environment with real-time quotes and execution speeds, but the lack of transparency regarding its infrastructure raises questions about the actual performance of its trading platform.

　　Additionally, First Ratio Limited does not appear to offer proprietary trading software or advanced features typically associated with leading brokers, such as API access for algorithmic trading. The absence of robust technological support may limit the trading capabilities of more experienced traders seeking advanced tools.

5. Account Types and Trading Conditions

　　First Ratio Limited offers a standard account type with a minimum deposit requirement of $1,000, which is considerably high compared to many other brokers. This high entry barrier may deter novice traders and those with limited capital. The broker claims to provide competitive spreads starting from 0.9 pips and does not charge commissions on trades, although the specifics may vary depending on market conditions.

　　The leverage offered by First Ratio Limited is up to 1:400, which can amplify both potential profits and losses. While high leverage can be attractive to experienced traders, it also introduces significant risk, especially for those who may not fully understand the implications of trading with such leverage.

　　The broker does not appear to offer a demo account for traders to practice their strategies without risking real money. This lack of a demo account may limit the accessibility of trading for beginners who wish to familiarize themselves with the trading environment before committing capital.

6. Fund Management

　　First Ratio Limited supports various deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirement across different account types remains at $1,000, which is a significant barrier for new traders. The processing time for deposits is typically immediate, allowing traders to begin their trading activities without delay.

　　Withdrawal methods include bank transfers and credit card withdrawals, but specific details regarding the withdrawal process, including any potential fees, are not clearly outlined. Traders have reported potential difficulties in withdrawing funds, which is a common issue with unregulated brokers. The lack of transparency regarding withdrawal fees and processing times may lead to frustration among clients attempting to access their funds.

　　First Ratio Limited does not provide clear information about any fees associated with deposits or withdrawals, which could lead to unexpected costs for traders. The absence of a structured fee schedule raises concerns about the overall transparency and trustworthiness of the broker.

7. Customer Support and Educational Resources

　　First Ratio Limited offers customer support through various channels, including phone, email, and live chat. The support team claims to be available 24/7, but there are concerns regarding the efficiency and responsiveness of the customer service provided. Traders have reported difficulties in reaching support representatives, especially during peak trading hours.

　　The broker does not appear to offer extensive educational resources, which may be a disadvantage for novice traders looking to enhance their trading knowledge. While there are some FAQs and basic trading guides available, the lack of comprehensive educational materials such as webinars, tutorials, or in-depth market analysis may limit the growth and development of its client base.

　　Market analysis services are also minimal, with traders relying on external sources for insights and updates. This lack of support may hinder traders' ability to make informed decisions in a rapidly changing market environment.

8. Regional Coverage and Restrictions

　　First Ratio Limited primarily serves clients in Asia, with a notable presence in Hong Kong, Thailand, and Myanmar. The broker has not disclosed the full extent of its regional coverage, but it appears to target clients in emerging markets where forex trading is gaining popularity.

　　However, First Ratio Limited does not accept clients from certain countries, particularly those with strict financial regulations or where the broker does not have a legal presence. Specific countries from which clients are restricted have not been publicly disclosed, which may lead to confusion for potential investors.

　　The absence of clear information regarding regional restrictions and the broker's operational footprint raises concerns about its overall transparency and reliability as a trading partner.

　　In conclusion, while First Ratio Limited presents itself as a viable option for forex trading, potential clients should exercise caution due to its unregulated status and the lack of transparency in its operations. Thorough research and consideration of individual trading needs are essential before engaging with this broker.