First City Markets

First City Markets is a financial entity registered in Panama, established on 29 May 2020. The broker’s official website is firstcitymarkets.com. Public information about the firm is extremely limited, and no independent user reviews are available.

According to regulatory records, First City Markets holds no known licences or authorizations from any financial regulator. The absence of regulatory oversight means that traders have no recourse to a compensation scheme or ombudsman in the event of a dispute. The entity maintains a presence on Facebook and Twitter/X, though the content and activity level of these accounts could not be independently verified.

First City Markets is registered in Panama, a jurisdiction that does not require forex brokers to obtain a local licence for offering services internationally. The company was incorporated in 2020, indicating it is a relatively new market participant.

Industry databases show no enforcement actions or warnings against First City Markets, but this is likely due to the firm’s low profile rather than any clean record. The lack of regulatory scrutiny is a significant concern for potential clients.

No concrete details about First City Markets’ trading services could be confirmed from official sources. The website was not accessible or did not provide clear information about account types, trading platforms, instruments, or leverage conditions.

Given the entity’s unregulated status and limited public footprint, it is not possible to determine whether it offers retail forex/CFD trading, cryptocurrency exchange, or other financial services. Traders should exercise extreme caution when considering this broker.

Because First City Markets is unregulated, there is no requirement for the firm to segregate client funds or participate in a compensation scheme. The safety of client deposits is entirely dependent on the company’s internal policies, which have not been disclosed.

Social media presence alone does not provide assurance of financial stability. FXCanary strongly advises traders to only work with regulated brokers that offer transparent fund protection measures.

First City Markets appears to target international traders, given its Panama registration and English-language domain. However, without verifiable information on its operations, it is unsuitable for most retail traders.

The broker may particularly appeal to traders seeking high leverage or minimal regulatory restrictions, but these same features carry elevated risks. Beginners and risk-averse investors should avoid this entity entirely.

In summary, First City Markets presents a high-risk profile due to its lack of regulation, limited transparency, and short operational history. The available data does not support a positive recommendation.

Traders are urged to perform thorough due diligence and consider only trusted, regulated alternatives for their forex and CFD trading activities. FXCanary maintains a guarded stance on this broker pending further disclosure.