FIRST

FIRST is a financial services entity that lists its official domain as first-finan.com. According to public records, the broker was founded on May 6, 2021, and is registered in the United States, though its registered address is located in Hong Kong at FLAT/RM B 5/F GAYLORD COMMERCIAL BUILDING 114-118 LOCKHART ROAD.

Our review found that FIRST does not hold any regulatory licences from major financial authorities. This lack of oversight is a significant factor for potential traders to consider, as it means the broker is not subject to the strict compliance standards enforced by recognised regulators.

As of our research, FIRST has no regulators on file. The absence of licencing from bodies such as the FCA, ASIC, or CySEC means that traders are not protected by investor compensation schemes or dispute resolution services typically offered by regulated firms.

We cross-checked the broker's details against public registers and found no evidence of a valid financial services licence. This regulatory vacuum is a critical point of caution for anyone considering opening an account.

Details regarding the specific products and services offered by FIRST are limited due to the unavailability of an operational website or verifiable marketing materials. It is unclear whether the broker offers forex, CFDs, or other financial instruments.

In FXCanary's assessment, the lack of transparent information about trading products is a red flag. Reputable brokers typically provide clear details about their offerings to allow informed decision-making.

With no regulatory oversight, client fund protection measures are unconfirmed. Regulated brokers are usually required to segregate client funds from company accounts and participate in compensation schemes, but none of these safeguards are in evidence for FIRST.

Traders should be aware that depositing funds with an unregulated broker carries elevated risk, including the potential loss of capital without legal recourse.

FIRST claims a US registration, yet its registered address is in Hong Kong. This dual-jurisdiction arrangement can complicate legal oversight and may indicate an attempt to operate in a regulatory grey area.

The inconsistency between the stated country of registration and the actual business address warrants further scrutiny. Traders should verify the entity's legal standing in their own jurisdiction before engaging.

Given the severe scam risk score of 75/100 assigned by our analysis, FIRST presents considerable risks. The combination of no regulatory licences, limited public information, and an opaque corporate structure makes it unsuitable for most retail traders.

We recommend that traders seek well-regulated alternatives with a proven track record. The absence of independent user reviews further hinders the ability to assess the broker's reliability and service quality.