First Brokers Review
2
Scam
Risk Index
First Brokers is an offshore brokerage entity. It claims to specialize in the trade of foreign currency exchange and facilitates trading in other financial assets as well.
Is First Brokers Regulated?
First Brokers is supposed to be owned and managed by New Rich Markets Ltd. The company affirms to be based in Hong Kong. It supports trade activities with an initial deposit of USD 200-300. However, it was found during our research that First Brokers is not regulated by any legitimate financial authority and is also not a legitimately registered entity.
How Safe Is It To Trade With First Brokers?
First Brokers is certainly not a legitimate entity. It has been rated negatively by many people and authorities and has been alleged of stealing money. Hence, any kind of business activity with the company can be self-jeopardizing.
What To Do If Your Money Has Been Stolen By First Brokers?
In case you want to recover your lost money from First Brokers, you can avail of the services of the fund’s recovery companies listed with us on our website. Also, if you want to protect yourself from such scams and frauds, you can avail of our guidance and consultation services for the same.
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