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first notch-trading

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FIRST NOTCH TRADING TOTAL SCAM！
trader
2021-12-30
ANSWER FIRST NOTCH TRADING is NOT legit and should be avoided at all events. The broker's website is not available now, which is always a bad sign. Because this happens a lot when they are suspended or they abscond with traders' funds.Based on the information we hold, this broker is totally a scam who runs business without any regulations or related licenses. For more details, please check our FIRST NOTCH TRADING review.Unfortunately, as for your situation, the chance of getting your funds back is slim, as shady brokers like FIRST NOTCH TRADING are not overseen by any financial regulators. Therefore traders' funds in unregulated brokers won't be protected. We would recommend you to report about it to your local authorities.
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Could you please check if FIRST NOTCH TRADING is legit or fake as I could hardly find its regulatory details.
Jan Daley Katz
United States of America
2021-10-28
ANSWER FIRST NOTCH TRADING is NOT a legitimate broker and should be avoided at all events. There are several severe red flags on FIRST NOTCH TRADING's website. To start with, this broker presents zero details about its company information as well as necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. Besides, this broker claims to be guaranteed and regulated by the Securities and Exchange Commission (SEC). There are three organizations named SEC from different countries (the US, the Philippines and Nigeria), however, FIRST NOTCH TRADING doesn't clarify which SEC it is. According to its phone number +1 (910) 502-3617, which belongs to the US, this broker basically refers to the US SEC. However, the US SEC is not the regulator that approves licenses for brokers carrying out forex trading, and we didn't find such match in the registers of the US SEC, let alone regulatory authorities. So FIRST NOTCH TRADING is currently not regulated by any financial regulator. What's worse, the Spanish regulator CNMV has added FIRST NOTCH TRADING to the alert list to warn the public that this firm is not authorised to provide the investment services in the country. You can check full alert or warning here. As per the evidences above, our final verdict is that FIRST NOTCH TRADING is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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