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First Ratio Limited

Operating status: SCAM

Website: https://www.first-ratio.com/#/

Broker violations and abnormal records
  • Apr 20, 2023 BrokersView has reviewed that First Ratio Limited is an unregulated broker

    First Ratio Limited claims to be located in Hong Kong and hold a certificate issued by the National Futures Association (NFA) under the license number 0553740. First, we searched this company in the Companies Registry (CH) and did find records matching it. Second, although we did find records on the NFA website matching First Ratio Limited, this company is not an NFA-member and therefore is not subject to NFA oversight. This essentially means that First Ratio Limited only has registration but is not regulated by any financial regulatory body. As such, any offering of financial services or products by this company is illegal.

    In essence, First Ratio Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    First Ratio Limited claims to be located in Hong Kong and hold a certificate issued by the National Futures Association (NFA) under the license number 0553740. First, we searched this company in the Companies Registry (CH) and did find records matching it. Second, although we did find records on the NFA website matching First Ratio Limited, this company is not an NFA-member and therefore is not subject to NFA oversight. This essentially means that First Ratio Limited only has registration but is not regulated by any financial regulatory body. As such, any offering of financial services or products by this company is illegal.In essence, First Ratio Limited is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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