FirstCoast Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
Business
License
If it is difficult to withdraw money, please stay away, it is all hard-earned money, and 12% of the handling fee will be deducted.
I withdrew it last Monday, but it hasn't arrived yet on Monday, and it's another deal opened by the FVp team.
Firstcoast, a relatively new player in the forex brokerage arena, has garnered attention for its trading offerings and user experiences. However, the reviews reveal a mixed bag of opinions, with some users praising its trading platform while others raise concerns about withdrawal issues and regulatory compliance. This review aims to provide a comprehensive overview of Firstcoast, highlighting key features and user experiences.
Note: It is crucial to acknowledge that Firstcoast operates across different regions, which may influence user experiences and regulatory oversight. The information presented here is compiled from various sources to ensure fairness and accuracy.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data collected from various sources.
Established in recent years, Firstcoast has positioned itself as a forex broker catering primarily to traders looking for a diverse range of trading instruments. The broker operates on popular trading platforms such as MT4 and MT5, offering users access to various asset classes, including forex, commodities, and indices. However, it is important to note that Firstcoast lacks a strong regulatory framework, which raises concerns regarding its trustworthiness and user protection.
Regulated Geographic Areas/Regions: Firstcoast operates without a valid regulatory license, which raises significant red flags regarding user safety and compliance with financial regulations. According to WikiFX, the broker has a suspicious regulatory status, indicating high potential risks for traders.
Deposit/Withdrawal Currencies/Cryptocurrencies: The broker accepts various currencies for deposits and withdrawals, but specific details about supported cryptocurrencies are not well-documented in the available reviews.
Minimum Deposit: The minimum deposit requirement is not explicitly stated in the sources reviewed, which could be a point of concern for potential users looking for transparent fee structures.
Bonuses/Promotions: There is limited information regarding bonuses or promotional offers from Firstcoast, which may deter traders looking for incentives to start trading.
Tradeable Asset Classes: Firstcoast offers a range of tradeable assets, including forex pairs, commodities, and indices. However, the lack of detailed information on the specific assets available may leave potential traders uncertain.
Costs (Spreads, Fees, Commissions): The cost structure at Firstcoast is vague, with no clear information on spreads, fees, or commissions being provided in the reviewed sources. This lack of transparency can be a significant drawback for traders seeking to understand their trading costs.
Leverage: The leverage options available at Firstcoast are not clearly outlined in the sources, which could be a critical factor for traders looking to maximize their trading potential.
Allowed Trading Platforms: Users can trade using popular platforms like MT4 and MT5, which are known for their robust functionalities and user-friendly interfaces.
Restricted Regions: There is no specific information about restricted regions or countries, but the absence of regulatory oversight raises questions about the broker's operations in certain jurisdictions.
Available Customer Service Languages: Firstcoast appears to offer customer support in multiple languages, although the quality of service has been criticized in various user reviews.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
Account Conditions (5/10): The lack of a clear minimum deposit requirement and vague cost structures contribute to a mediocre score in this category. Users have expressed concerns about transparency, which is critical for building trust.
Tools and Resources (6/10): Firstcoast offers popular trading platforms like MT4 and MT5, which are favored by many traders for their advanced features. However, the absence of proprietary tools or educational resources may limit the overall trading experience.
Customer Service and Support (4/10): User reviews indicate that customer support is lacking, with reports of slow response times and unresolved issues. This is a significant drawback for a broker operating in a highly competitive market.
Trading Experience (5/10): While the trading platforms are robust, the overall trading experience is marred by withdrawal issues and regulatory concerns. Users have reported difficulties in retrieving funds, which severely impacts their trading confidence.
Trustworthiness (3/10): The absence of a valid regulatory license is a major concern for potential users. The reviews highlight the risks associated with trading with Firstcoast, making it essential for traders to exercise caution.
User Experience (4/10): Overall user experience is mixed, with some users appreciating the trading platforms while others express frustration over withdrawal processes and customer service.
In conclusion, the Firstcoast review paints a picture of a broker that, while offering popular trading platforms and a variety of assets, suffers from significant trust issues due to a lack of regulatory oversight and transparency. Potential traders should weigh these factors carefully before deciding to engage with this broker.
FX Broker Capital Trading Markets Review
