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FIRST NOTCH TRADING

Operating status: SCAM

Website: https://firstnotchtrading.com/

Broker violations and abnormal records
  • Jul 18, 2021 The Spanish regulator CNMV added FIRST NOTCH TRADING into the unregistered firm alert

    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country. You can check the link here. 

    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country. You can check the link here.
  • Aug 17, 2021 BrokersView has reviewed that FIRST NOTCH TRADING is an unregulated forex broker

    There are several severe red flags on FIRST NOTCH TRADING's website. 

    To start with, this broker presents zero details about its company information as well as necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. 

    Besides, this broker claims to be guaranteed and regulated by the Securities and Exchange Commission (SEC). There are  three organizations named SEC from different countries (the US, the Philippines and Nigeria), however, FIRST NOTCH TRADING doesn't clarify which SEC it is. According to its phone number  +1 (910) 502-3617, which belongs to the US, this broker basically refers to the US SEC. However, the US SEC is not the regulator that approves licenses for brokers carrying out forex trading, and we didn't find such match in the registers of the US SEC, let alone regulatory authorities. 

    So FIRST NOTCH TRADING is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    There are several severe red flags on FIRST NOTCH TRADING's website. To start with, this broker presents zero details about its company information as well as necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. Besides, this broker claims to be guaranteed and regulated by the Securities and Exchange Commission (SEC). There are three organizations named SEC from different countries (the US, the Philippines and Nigeria), however, FIRST NOTCH TRADING doesn't clarify which SEC it is. According to its phone number +1 (910) 502-3617, which belongs to the US, this broker basically refers to the US SEC. However, the US SEC is not the regulator that approves licenses for brokers carrying out forex trading, and we didn't find such match in the registers of the US SEC, let alone regulatory authorities. So FIRST NOTCH TRADING is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • Dec 29, 2021 BrokersView has found that FIRST-NOTCH-TRADING is not working

    BrokersView found the domain https://firstnotchtrading.com/ is temporarily not available, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain https://firstnotchtrading.com/ is temporarily not available, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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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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