First Ratio Limited

First Ratio Limited is a forex brokerage firm based in Hong Kong, registered on December 7, 2022. The company operates from its registered address at 11th Floor, Room 32, Lee Ka Industrial Building, 8 Wu Fong Street, San Po Kong, Kowloon, Hong Kong. As a relatively new entrant in the trading industry, it offers a range of financial instruments including forex, crude oil, precious metals, and indices.

The broker’s official website, first-ratio.com, serves as the primary portal for its services. However, our review found that independent public information about the company is limited, and there are no verified user reviews available at the time of writing. This lack of transparency may be a consideration for traders seeking to evaluate the broker’s track record.

A critical finding in our assessment is that First Ratio Limited is not regulated by any financial authority. The known facts indicate that the broker has no regulators on file, meaning it is not licensed or supervised by any recognized regulatory body such as the Hong Kong Securities and Futures Commission (SFC) or any other major regulator.

The absence of regulatory oversight carries significant implications for trader protection. Unregulated brokers are not required to adhere to strict client fund segregation rules, risk management standards, or dispute resolution mechanisms. In FXCanary’s assessment, this lack of regulation remains a central concern for any potential trader considering this broker.

According to available information, First Ratio Limited provides access to several asset classes for trading. These include major and minor forex pairs, crude oil, precious metals (such as gold and silver), and indices. This selection allows for diversification across different markets, though the full list of available instruments is not publicly detailed.

The broker uses the MetaTrader5 (MT5) platform, which is a widely recognized trading platform known for its advanced charting tools, technical analysis capabilities, and support for automated trading through Expert Advisors (EAs). MT5 is suitable for both beginner and experienced traders, offering a comprehensive environment for market analysis and order execution.

First Ratio Limited imposes a high minimum deposit requirement of $1,000, which may be a barrier for retail traders with limited capital. The broker offers leverage up to 1:400, which is considered high and can amplify both gains and losses. Such leverage ratios are typical among some offshore brokers but would be restricted by many regulated jurisdictions.

Specific details about account tiers or variants are not clearly stated in the available records. Traders interested in opening an account may need to contact the broker directly for more information on spreads, commissions, and other account features. The high minimum deposit suggests the broker may target more experienced or larger-scale traders.

The broker’s product offering and account requirements suggest it is aimed at traders who are comfortable with high leverage and have sufficient capital to meet the $1,000 minimum deposit. The use of MT5 indicates a focus on traders who appreciate a robust analytical platform.

However, due to the lack of regulation, this broker is not suitable for risk-averse traders or those who prioritize investor protection. Beginners may find the high leverage and minimum deposit challenging. In FXCanary’s view, only traders with a high risk tolerance and a clear understanding of the risks associated with unregulated brokers should consider First Ratio Limited.