First Securities

First Securities, operating under the domain ftsi.com.tw, is a financial institution based in Taiwan. According to corporate records, the firm was founded on June 26, 2019, and is registered at 4th Floor, No. 22, Section 1, Chang'an East Road, Taipei.

The company describes itself as an established financial services provider with extensive business operations. However, independent public information about its specific offerings is scarce, and no user reviews are currently available on industry databases.

First Securities holds a Derivatives Trading License (MM) from the Taipei Exchange (TPEx), a legitimate regulatory body in Taiwan. The license is listed as 'Regulated' with the status confirmed in our records.

This regulatory oversight provides a baseline of credibility, as TPEx imposes certain compliance and reporting standards. Nonetheless, the specific scope of the derivatives license—whether it covers retail forex or CFD trading—is not explicitly detailed in public records.

Due to the lack of accessible information from the broker's official website or third-party sources, it is not possible to detail the specific trading products, account types, or platforms offered by First Securities. The company's own statement that its business is 'extensive' suggests a broad range of financial services, but no verifiable list of instruments or trading conditions is available.

This absence of transparency is a significant limitation for prospective traders who require clear information on spreads, leverage, and available assets before committing funds.

Without marketing materials or user testimonials, the target clientele of First Securities remains unclear. In Taiwan, firms regulated by TPEx often cater to institutional investors or high-net-worth individuals dealing in structured products and equity derivatives.

However, it is not possible to confirm whether the broker also serves retail forex traders. The guarded risk score suggests that traders should approach with caution until more information is obtained.

FXCanary's Scam Risk Score for First Securities is 29 out of 100, graded as 'Guarded'. This low score indicates a relatively low risk of fraudulent activity, but also reflects the uncertainty arising from limited public data and the absence of independent user reviews.

The existence of a TPEx license is a positive factor, yet the lack of transparent operational details means that traders cannot fully assess counterparty risk. We recommend conducting thorough due diligence before engaging with this broker.

First Securities presents an opaque profile with a legitimate regulatory registration but very little verifiable information about its trading services or client experience. The guarded risk score underscores the need for caution.

Traders considering First Securities should seek direct clarification from the company regarding its product offerings, account conditions, and client fund protection measures. Until independent reviews and comprehensive data emerge, we advise treating this broker with a healthy degree of skepticism.