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First Class Forex Funds

Operating status: SCAM

Website: https://firstclassforexfunds.co/

Broker violations and abnormal records
  • Dec 06, 2022 BrokersView has Reviewed that First Class Forex Funds May an Unregulated Platform

    First Class Forex Funds claims to be an evaluation platform which is powered by Eightcap LTD. As per this claim, we contact the customer service of Eightcap to verify this info. Eightcap claims that First Class Forex Funds do use them as a broker, but this company is just a third party to Eightcap, which means Eightcap can not assure whether the company is regulated or not.

    Besides, First Class Forex Funds shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to First Class Forex Funds in the above two regulatory bodies. 

    The truth is, First Class Forex Funds is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

    First Class Forex Funds claims to be an evaluation platform which is powered by Eightcap LTD. As per this claim, we contact the customer service of Eightcap to verify this info. Eightcap claims that First Class Forex Funds do use them as a broker, but this company is just a third party to Eightcap, which means Eightcap can not assure whether the company is regulated or not.Besides, First Class Forex Funds shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to First Class Forex Funds in the above two regulatory bodies. The truth is, First Class Forex Funds is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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