First Trade Cfd Review : Fees, Pros and Cons, Reviews by Real Traders

First Trade Cfd

Operating status: SCAM

Website: https://firsttrade-cfd.com/

Broker violations and abnormal records

Mar 29, 2023 The Italian regulator CONSOB ordered First Trade Cfd to be blacked out
The Italian Companies and Exchange Commission (CONSOB) ordered First Trade Cfd to be blacked out on March 30, 2023, stating it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-30-march-2023-2/718268

The Italian Companies and Exchange Commission (CONSOB) ordered First Trade Cfd to be blacked out on March 30, 2023, stating it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-30-march-2023-2/718268
Apr 09, 2023 BrokersView has reviewed that First Trade Cfd is an unregulated broker
First Trade Cfd claims to be regulated by three regulatory bodies, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Services Conduct Authority (FSCA). However, our search for this broker in the above-mentioned authorities' registries did not yield any results. That means what it claims about the regulatory status is a false statement to unsuspecting investors.
In addition, the Italian Companies and Exchange Commission (CONSOB) has ordered First Trade Cfd to be blacked out, stating it offers financial services illegally.
In essence, First Trade Cfd 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 Trade Cfd claims to be regulated by three regulatory bodies, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Services Conduct Authority (FSCA). However, our search for this broker in the above-mentioned authorities' registries did not yield any results. That means what it claims about the regulatory status is a false statement to unsuspecting investors.In addition, the Italian Companies and Exchange Commission (CONSOB) has ordered First Trade Cfd to be blacked out, stating it offers financial services illegally.In essence, First Trade Cfd 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.
Jul 08, 2025 BrokersView has identified that First Trade Cfd's website is currently offline
BrokersView found that the domain "https://firsttrade-cfd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://firsttrade-cfd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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