CN First

CN First, legally registered as 中一期货, is a Hong Kong-based entity established on 23 June 2021. Its registered address is 香港上环德辅道中243-247号德祐大厦3楼. The company is listed in our records with a single licence from the Securities and Futures Commission (SFC) of Hong Kong, specifically a Derivatives Trading License (AGN) with licence number BBH027.

However, our records indicate that CN First has no verifiable website or social-media presence, and the number of employees on file is zero. This lack of public footprint makes independent verification of its operations challenging. The company is flagged in industry watchdog records as a 'Fake Broker' and as a clone or impersonator firm, which raises significant concerns about its legitimacy.

CN First is registered with the SFC in Hong Kong, holding a Derivatives Trading License (AGN) with licence number BBH027. The SFC is a well-established regulator, but the status of this licence is not specified in our records. We cross-checked the licence against public registers, but the information available is limited.

It is important to note that holding a licence does not automatically guarantee the firm's integrity. In this case, the risk flags associated with CN First—being listed as a fake broker and identified as a clone—suggest that the licence may not be actively used or may be misrepresented. Traders should exercise extreme caution and verify the licence status directly with the SFC.

Due to the lack of an official website and minimal public information, we cannot confirm the specific products and services offered by CN First. The derivatives trading licence suggests an intention to offer futures or options trading, but no details on account types, platforms, or instruments are available.

In the absence of verifiable information, we cannot describe the trading environment, leverage, spreads, or minimum deposit requirements. This lack of transparency is a significant red flag, as legitimate brokers typically provide clear information about their offerings.

Given the limited information, it is unclear who CN First aims to serve. The derivatives trading licence could indicate a focus on institutional or retail clients, but without a website or marketing materials, we cannot determine the target audience.

Our assessment is that the absence of a public presence makes it impossible to identify the intended clientele. This uncertainty, combined with the risk flags, suggests that CN First may not be a reliable choice for any trader.

FXCanary's Scam Risk Score for CN First is 85 out of 100, categorised as 'Severe'. This score is driven by three key risk flags: the firm is listed as a 'Fake Broker' in industry watchdog records, identified as a clone or impersonator firm, and has no verifiable website or social-media presence.

These flags indicate a high likelihood that CN First is not a legitimate broker. The combination of a derivatives licence with a lack of operational transparency is particularly concerning. We advise traders to avoid engaging with this entity until its legitimacy is clearly established.

In summary, CN First presents a high-risk profile with severe red flags. The lack of an official website, zero employees on file, and the 'Fake Broker' designation are strong indicators of potential fraud.

We recommend that traders steer clear of CN First and seek regulated brokers with a verifiable track record. If you have any doubts, always verify a broker's licence directly with the relevant regulator and check for independent reviews.