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First Invest Capital

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Operating status: SCAM

Website: https://first-investcapital.com/

Broker violations and abnormal records
  • 2023-08-17 The German BaFin issues a warning against First Invest Capital

    On August 18, 2023, the Federal Financial Supervisory Authority (BaFin) warns consumers about the company First Invest Capital and the services it is offering. BaFin has information that the company is offering financial and investment services on its website first-investcapital.com without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_08_17_firstinvestcapital_en.html

    On August 18, 2023, the Federal Financial Supervisory Authority (BaFin) warns consumers about the company First Invest Capital and the services it is offering. BaFin has information that the company is offering financial and investment services on its website first-investcapital.com without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_08_17_firstinvestcapital_en.html
  • 2023-08-20 BrokersView has reviewed that First Invest Capital is an unregulated broker

    First Invest Capital fails to disclose information about its regulatory status, which is a significant scam indicator.

    The Federal Financial Supervisory Authority (BaFin) has launched an investigation into First Invest Capital at first-investcapital.com. According to this German authority, First Invest Capital and the services it is offering are not authorized and therefore carry significant risks.

    In essence, First Invest Capital is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. First Invest Capital is unequivocally a scam.

    First Invest Capital fails to disclose information about its regulatory status, which is a significant scam indicator.The Federal Financial Supervisory Authority (BaFin) has launched an investigation into First Invest Capital at first-investcapital.com. According to this German authority, First Invest Capital and the services it is offering are not authorized and therefore carry significant risks.In essence, First Invest Capital is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. First Invest Capital is unequivocally a scam.

Related Complaints

Q&A

Should I sign up with First Invest Capital? They seem a nice broker to me.

Artem Kulkarni
Malaysia
2023-09-20
ANSWER BrokersView strongly advises you to avoid First Invest Capital. It is not a reliable brokerage. On the contrary, it is an illegal firm that operates without any regulation or oversight.First Invest Capital lacks information regarding its regulatory status. It is a red flag. Typically, legitimate ones should prominently disclose their accreditation and licensing data to ensure transparency. As such, the absence of such information may suggest that it is a scam.What's more, the German Federal Financial Supervisory Authority (BaFin) has launched an investigation into First Invest Capital. According to this German authority, First Invest Capital and the services it is offering are not authorized and therefore carry significant risks. You can refer to here for the full BaFin warning.Therefore, First Invest Capital is an unlicensed broker that poses substantial risks of fraud and identity theft. Without regulatory oversight, individuals dealing with the platform are vulnerable. They may not be able to retrieve their funds or get compensation if any violation occours. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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