Read this FirstFxMarket review, and share it with your loved ones to save them from scams and scam brokers.
Name of Broker: FirstFxMarket
Warned By: FCA
Address: 126 North Street, Charlottesville, Virginia, United State
Regulated By: Unregulated, Blacklisted
Overview of FirstFxMarket Review 2022
There might be a Forex broker or any other broker latching on to you just as you read this sentence. With the advancement of technology, online scam brokers can reach us at the speed of light. Scam brokers follow different ways to fool innocent traders like – cold calls about the unending benefits of opening an account with their brokerage firm or through good online marketing, these scams have a unique yet common way of finding their victims.
If you want to avoid these scam brokers, read the scam broker review here and know the reasons why you should not invest with them. FirstFxMarket is one such potential scam broker who is involved in many scam activities. Read a complete FirstFxMarket review to know more about this broker.
What all should you look for in FirstFxMarket Review 2022?
Scams are deadly.
Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money.
FirstFxMarket Review: Regulation
The regulation is one of the most significant checkpoints that one must look for while searching for a brokerage firm. With the increasing inflow of scammers in the market, the regulations set up barriers to ensure the scammers stay away from the market. For this, they introduced the licenses. To acquire a license, the broker must go through some tests. However, these tests are not as easy as they might sound. If a company does not have a license, it means it is UNAUTHORISED and not fit for trading. In our case, if FirstFxMarket is unregulated, then this raises the first red flag against FirstFxMarket in this FirstFxMarket review 2022. Read More Scam Broker Reports 2022.
FirstFxMarket Review: Minimum Deposit
The minimum deposit is generally asked in small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10. If FirstFxMarket asks for an amount more than the average, chances are that FirstFxMarket is a scam.
FirstFxMarket Review: Leverages
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If FirstFxMarket offers leverage more than this, it is a sign that FirstFxMarket is a potential scam.
Conclusion: Is FirstFxMarket scam or legit?
To sum up, all that has been said above, we give you the power to decide whether FirstFxMarket is a scam or not. We request the readers to move forward with extreme caution. If you have been a victim of FirstFxMarket scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team!
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