About FIRST MARKETS
Company Overview
FIRST MARKETS is a company registered in Saint Vincent and the Grenadines, according to official records. It was established on 5 January 2021.
The broker’s official domain is firstmarkets.com, though independent public information regarding its operations is extremely limited. The website associated with this domain appears to promote a digital marketing agency, not a forex brokerage, creating uncertainty about the entity's actual business activities.
Regulation and Licensing
Our records indicate that FIRST MARKETS holds no regulatory licences from any recognised financial authority. The company is registered in Saint Vincent and the Grenadines, a jurisdiction known for light-touch regulation and often used by offshore brokers.
Without oversight from a reputable regulator such as the FCA, CySEC, or ASIC, traders have limited recourse in the event of disputes. This lack of regulation is a significant risk factor that traders should weigh carefully.
Account Types
Based on our data, FIRST MARKETS offers three account tiers: STANDARD, PRO, and VIP. The STANDARD account requires a minimum deposit of $100 and offers maximum leverage of 1:400. The PRO account requires $5,000 with the same 1:400 leverage. The VIP account demands a $10,000 minimum deposit and offers lower leverage at 1:200.
These account structures are typical of retail forex brokers, but we cannot verify their actual availability or terms given the lack of an operational forex website.
Products and Instruments
Our records do not specify the financial instruments offered by FIRST MARKETS. Typically, brokers offering such account types provide forex, CFDs, and possibly commodities or indices. However, without confirmation from the broker’s official channels, this remains speculative.
The absence of clear product information is a red flag, as legitimate brokers typically disclose their offerings transparently.
Target Audience
The account minimums and leverage options suggest FIRST MARKETS aims at both retail and experienced traders. The $100 minimum for STANDARD accounts is accessible to beginners, while the PRO and VIP tiers cater to those with larger capital.
However, the lack of regulatory oversight and the discrepancy between the known facts and the website content make it unsuitable for most traders, especially those seeking a secure trading environment.
Overview compiled by FXCanary from regulatory records and public data. full FIRST MARKETS review