BrokersView
Search
Download
English
Sign In

Firstradecfd

Save

Operating status: SCAM

Website: http://www.first-tradecfd.com/

Broker violations and abnormal records
  • 2022-10-16 The Italy CONSOB Added Firstradecfd into Its Warnings

    On 17 Oct 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Firstradecfd was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela


    On 17 Oct 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Firstradecfd was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • 2022-10-17 BrokersView has Reviewed that Firstradecfd is an Unregulated Forex Broker

    Firstradecfd, operated by PX Fintech Limited, claims to be a licensed broker under multiple regulations including Australian Securities & Investment Commission (ASIC), the Financial Services Conduct Authority (FSCA) of South Africa, and the United Kingdom Financial Conduct Authority (UK FCA).

    However, we searched the three regulatory bodies but found no results that matched this broker. That means Firstradecfd is not authorized by ASIC, FSCA or UK FCA to provide financial services. 

    Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Firstradecfd was not authorized to provide financial services in Italy.

    The truth is that Firstradecfd is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Firstradecfd, operated by PX Fintech Limited, claims to be a licensed broker under multiple regulations including Australian Securities & Investment Commission (ASIC), the Financial Services Conduct Authority (FSCA) of South Africa, and the United Kingdom Financial Conduct Authority (UK FCA).However, we searched the three regulatory bodies but found no results that matched this broker. That means Firstradecfd is not authorized by ASIC, FSCA or UK FCA to provide financial services. Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Firstradecfd was not authorized to provide financial services in Italy.The truth is that Firstradecfd is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • 2022-12-11 BrokersView has found that Firstradecfd is not working

    BrokersView found the domain "http://www.first-tradecfd.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "http://www.first-tradecfd.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Did anybody trade with Firstradecfd?Should I trust it?

TAHIR KHAN
Luxembourg
2022-11-18
ANSWER Firstradecfd is not a licensed or regulated broker even though it states offers that look good to be true. Firstradecfd claims to be operated by PX Fintech Limited, a licensed broker under multiple regulations including:1) The Australian Securities & Investment Commission (ASIC);2) The Financial Services Conduct Authority (FSCA) of South Africa;3) The United Kingdom Financial Conduct Authority (FCA).However, we did not find any match results to this broker in the above watchdogs' registries. Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Firstradecfd was not authorized to provide financial services. You can check the full warning from here.The truth is, Firstradecfd is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Firstradecfd and trade with licensed brokers
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.