| Aspect | Information |
|---|---|
| Registered Country/Area | Comoros |
| Founded Year | 1 year |
| Company Name | FirstECN |
| Regulation | MISA |
| Demo Account | Not Specified |
| Minimum Deposit | Starting from $50 |
|
Maximum Leverage |
Up to 1:200 |
|
Spreads |
Variable Spreads starting from 0.01 pips |
|
Trading Platforms |
TradingView |
| Customer Support |
Contact Forms, Email, and Calls |
FirstECN trading broker is a new trading platform with international credibility to offer extensive trading services. The website attracts traders from all over the world. The FirstECN broker review analyzes the platform’s essential features, such as regulations, account types, platforms, and customer service.
Finally, we will be able to assess whether the FirstECN scam or authentic.
Is FirstECN Legit or Scam?
FirstECN is a regulated trading platform that operates transparently and maintains industry-standard security measures. Encryptions and secure payment methods improve security. Overall transparency has enhanced legitimacy.
Market Instruments
FirstECN’s trading platform offers a variety of assets for investment. This allows traders to create a varied portfolio for easier trading that suits a variety of needs. The main assets are:
Forex
The platform offers trading in global FX currency pairs. This helps them connect with the international market.
Commodities
Traders may invest in agricultural and natural assets. It holds gold, silver, crude oil, and natural gas. This allows you to invest without possessing the assets.
Indices
Indices provide market exposure to traders. It assists in the identification of market trends.
Stocks
Traders can monitor stock changes by investing in essential shares in global industries.
Cryptocurrencies
FirstECN provides access to global digital currencies. Traders can invest in digital currencies without having them.
Regulations
The FirstECN forex trading platform is well known for its security and regulatory qualities. It offers a smooth trading process based on regulations, which boosts confidence. MISA (MWALI International Services Authority) regulates the platform with license BFX2024050.
It is registered within Comoros, KM under the Comoros Union, with the registration number HT00324014.
Finally, it has features like KYC and AML to protect customer data and funds.
Trading Conditions
Minimum Deposits
FirstECN trading accounts need a small minimum deposit to provide a seamless trading experience. This allows beginners and low-budget traders to invest effectively.
Minimum Spreads
The website offers smaller spreads, which start at 0.1 pips on basic accounts.
Leverage
The platform offers leverage up to 1:200. This enables investors to improve their positions based on experience and risk tolerance.
Spreads and Commissions
FirstECN forex broker offers various spreads based on account type and trading asset. The platform charges low commissions for silver accounts. Commission-based accounts provide lower-spread trading. This lets traders choose their cost preferences and trading strategies.
Account Types
FirstECN’s forex trading platform provides investors with an array of account types. The variety of accounts allows traders to find the one account that best meets their trading preferences, budget, and demands.
Silver Accounts
The platform offers silver trading accounts to low-budget and little-experienced customers. The account charges swap fees and commissions while trading.
Gold Account
Gold accounts are ideal for traders who have greater expertise. Traders can invest across various trading assets with leverage of up to 1:200.
Platinum Account
The account provides swap discounts and low-commission trading. Traders can invest through platinum accounts without incurring additional fees.
Demo Account
FirstECN demo accounts are not currently available. However, these accounts allow newcomers to practice trading strategies without risking real money.
How to Open an Account?
FirstECN login and account opening process is straightforward.
Step 1: Go to the official FirstECN website. Find the option to create an account on the website and click on it.
Step 2: Fill out the form with the relevant information and select your preferred account type.
Step 3: Verify your trading account using the OTPs you received via email or SMS.
Step 4: Once your trading account has been verified, deposit funds.
Step 5: Begin investing in the desired trading assets available on the platform.
Trading Platform
FirstECN trading broker is simply used through any internet-connected device or mobile app. The broker’s mobile application optimizes the trading experience.
Traders also get access to the TradingView charting technology. This app allows you to analyze the market using technical indicators and charts.
Withdrawal and Deposits
Cards, bank transfers, and e-wallets are among the payment methods available from FirstECN Broker. It charges low costs for an affordable trading process.
Deposits at FirstECN are processed quickly, however, withdrawals may take 1-3 business days.
Customer Support
FirstECN Customer Support includes knowledgeable and responsive members. This reflects its commitment to excellent service.
Emails
The platform offers email support via [email protected]. Here you can mail to address technical and trading issues.
Calls
The platform provides support through phone calls. Traders from around the globe can connect with FirstECN at +815050506222.
Contact Forms
The platform provides feedback forms at the platform. These forms can be easily filled to raise tickets.
Conclusion
FirstECN is a trustworthy trading platform. It offers affordable spreads, a variety of account options, and dedicated customer assistance. The platform provides traders with the resources to operate smoothly in the markets. It is regulated by financial authorities and offers transparency.
Overall, FirstECN is a trustworthy trading platform that provides a strong and secure trading environment.
FAQs
Is FirstECN regulated?
Yes, FirstECN works under industry regulatory guidelines to provide a safe trading environment.
What are FirstECN’s minimum deposit requirements?
The minimum deposit is different for account types, with basic options for beginners.
Does FirstECN charge a commission on trades?
Commissions depend on the type of account. Silver accounts might charge swap fees whereas platinum accounts provide lower swap fees with a small commission.
Can I trade with FirstECN using a mobile device?
Yes, FirstECN is compatible with Android and iOS devices.
How long do withdrawals take on FirstECN?
Withdrawals can be completed within 1-3 business days. This depends on the different payment methods.
Does FirstECN offer a demo account?
No, there is no demo account available on the platform for beginners.
What trading instruments are available on FirstECN?
FirstECN supports forex, commodities, indices, and stocks.
When is the FirstECN customer support available?
Customer support at FirstECN is available 24/5, so support at weekends is limited.
How secure is FirstECN’s platform?
FirstECN offers encryption and two-factor authentication to protect user accounts.